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IDA Partners with UAE’s Zand Bank to Facilitate Blockchain-based Cross-border Payments in the Belt and Road Regions

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HONG KONG, Oct. 30, 2024 /CNW/ — IDA, a leading Hong Kong-based stablecoin issuer, has announced a strategic partnership with Zand Bank, the UAE’s first fully licensed all-digital bank. Zand Bank empowers UAE and global corporate, institutional, and wealth clients to unlock new opportunities, foster sustainable growth, and drive positive impact in the digital economy. 

Through this partnership, IDA and Zand Bank aim to achieve cost-effective and efficient cross-border transactions across the Belt and Road regions and BRICS Plus, providing businesses with streamlined 24/7 digital payments. 

Michael Chan, CEO at Zand Bank commented: “We are excited to partner with IDA. Together, we are committed to strengthening connectivity between the Middle East and North Africa (MENA) region and China, fostering greater economic collaboration and opportunities for growth. By leveraging blockchain technology and AI, we are making cross-border payments more efficient, reliable, and accessible for everyone.” 

Commenting on this partnership, Sean Lee, Co-founder and CSO at IDA said: “We are thrilled to partner with Zand Bank as this partnership aligns with the broader goals of financial innovation and digital transformation in the Middle East and Asia, positioning both companies at the forefront of the fintech revolution. The integration of stablecoins into cross-border payments promises to bring unprecedented transparency and stability, ensuring users can confidently transact with fiat-referenced digital currencies, and provides convenience for businesses which would like to access the Belt and Road countries.” 

The UAE and Hong Kong are two major financial centres, with significant cooperation in areas such as banking, insurance, and capital markets. The growth rate of trade growth between the Emirates and Hong Kong was one of the fastest among the UAE’s major trading partners, as reported by UAE newspaper “The National” in September 2024. Moreover, Hong Kong acts as a gateway for UAE companies to access the Chinese market and other parts of Asia. The UAE’s active involvement in the Belt and Road Initiative, supported by its strategic ties with China and Hong Kong, reflects its firm commitment to sustainable economic growth and international cooperation.

About IDA Finance Hong Kong Limited (IDA)

IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.   

HKDA, a fiat-referenced stablecoin built on public blockchain protocols, will be the first product launched by IDA. HKDA is designed to drive enhanced digital connectivity for seamless commerce and payments between Hong Kong and global markets, 24/7/365. To maintain the highest level of security and stability, all circulating HKDA will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.   

To maximize the network effect of HKDA for domestic and cross-border usage, IDA is partnering with key industry players to facilitate the minting, redemption and widespread acceptance of HKDA as a payment and settlement digital currency. In subsequent phases, IDA will also launch key products denominated in other US Dollar (USD) pegged currencies with ecosystem partners across regulated financial institutions and Web3 platforms. 

More information can be found at idafi.xyz / LinkedIn / X.

For media inquiries, please email: marketing1@idafi.xyz.

About Zand Bank:
Zand Bank is a fully licensed bank by the Central Bank of UAE since July 2022. Our mission is to enable our UAE and global corporate, institutional, and wealth clients to unlock new opportunities, foster sustainable growth, and drive together positive impact in the evolving digital economy. Think beyond banking; think Zand, where infinite opportunities await.

For more information, please visit www.zand.ae.

For media inquiries, please email: media@zand.ae 

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SOURCE IDA

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In HelloNation, Personal Injury Attorney Brad Altman of Wichita Falls Explains Why Timing Matters and What Attorneys Can Do

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WICHITA FALLS, Texas, April 27, 2026 /PRNewswire/ — Why is timing critical after an injury? An article in HelloNation highlights how quickly evidence can fade, weaken a claim, and impact the outcome of a case. Brad Altman, owner of Altman Legal Group, underscores that immediate action is essential because skid marks fade, property gets repaired, and security footage may be erased, while witnesses’ memories become less reliable over time.

The article explains that insurance companies often move quickly to gather evidence and protect their interests. Without early steps on the injured party’s side, important details may be lost. Attorneys step in to preserve evidence by securing accident reports, medical records, photographs, video footage, and witness statements while they remain accessible. This early action builds a stronger case from the beginning.

Altman also points out that an attorney’s role extends far beyond filing paperwork. They analyze facts, identify gaps, and create a clear timeline that supports the client’s account. They also manage communication with insurance adjusters, ensuring that no statements are misinterpreted or used to reduce compensation. Acting early allows attorneys to control the narrative and prevent evidence from slipping away.

The difference between a strong and weak claim often comes down to timing. By involving an attorney early, injured individuals gain the benefit of preserved evidence and strategic preparation that supports their rights.

Why Timing Matters & What Attorneys Can Do features insights from Brad Altman, Personal Injury Attorney of Wichita Falls, Texas, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-personal-injury-attorney-brad-altman-of-wichita-falls-explains-why-timing-matters-and-what-attorneys-can-do-302754463.html

SOURCE HelloNation

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Nakheel awards contracts worth over AED 3.5 billion to build 544 villas on Palm Jebel Ali

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DUBAI, United Arab Emirates, April 27, 2026 /CNW/ — Nakheel, a member of Dubai Holding Real Estate, has awarded contracts worth over AED 3.5 billion to Ginco General Contracting L.L.C and United Engineering Construction (UNEC) for the construction of 544 villas on Palm Jebel Ali, marking a major milestone in the delivery of one of Dubai‘s most significant waterfront developments.

Under the awarded contracts, Ginco will construct 354 villas across Fronds A to D, while UNEC will deliver 190 villas across Fronds E and F. Construction is scheduled to commence this quarter, with completion targeted for Q4 2028.

Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: “The awarding of these contracts signals tangible progress in the delivery of Palm Jebel Ali, with construction now progressing across multiple fronds. As momentum continues to build, Palm Jebel Ali represents one of the most significant expansions of Dubai‘s urban coastline in a generation and will play a key role in supporting the emirate’s long-term growth, further strengthening its global appeal as a great place to live, invest and visit.”

Spanning seven islands across 13.4 kilometres, with 16 fronds and more than 90 kilometres of beachfront, Palm Jebel Ali is being developed as a world-class waterfront destination and a major contributor to Dubai‘s future urban expansion.

The latest contract awards represent continued progress against the Palm Jebel Ali masterplan and support the objectives of the Dubai 2040 Urban Master Plan and Dubai Economic Agenda D33, reinforcing the emirate’s long-term vision for sustainable, high-quality communities.

The awards follow the unveiling of Palm Jebel Ali’s Beach and Coral Collection villas, developed in collaboration with leading international architects. The destination will also include Palm Central Private Residences, offering a connected expression of island living that brings together architecture, community and resort-style comfort.

Further enhancing the island’s community infrastructure, Palm Jebel Ali will feature a 9,000 sqm retail centre and a Friday Mosque designed by Skidmore, Owings & Merrill. Designed to accommodate up to 1,000 worshippers, the mosque will serve residents and visitors across the destination.

Click here to watch the video.

Photo – https://mma.prnewswire.com/media/2966588/Palm_Jebel_Ali_Aerial_Render.jpg
Photo – https://mma.prnewswire.com/media/2966589/Palm_Jebel_Ali_Bluejay_Villa.jpg

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/nakheel-awards-contracts-worth-over-aed-3-5-billion-to-build-544-villas-on-palm-jebel-ali-302754465.html

SOURCE Dubai Holding Real Estate

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STULZ USA and President, Brian Hatmaker, Nominated for Maryland Tech Council ICON Awards

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FREDERICK, Md., April 27, 2026 /PRNewswire/ — STULZ USA, a leading provider of precision cooling and air handling solutions for mission-critical applications, is proud to announce that both the company and its President have been nominated for the Maryland Tech Council (MTC) ICON Awards.

STULZ USA has been nominated for Tech Company of the Year, while President Brian Hatmaker has been recognized as a nominee for CEO of the Year. The Maryland Tech Council seeks to celebrate outstanding leadership, innovation, and impact across Maryland’s technology and life sciences communities.

STULZ USA plays a critical role in supporting the infrastructure that powers today’s digital economy. The company designs and domestically manufactures advanced climate control solutions that enable the reliable operation of data centers and other tech environments.

With its U.S. headquarters and manufacturing operations based in Frederick, Maryland, STULZ USA employs nearly 500 people and has been a longstanding contributor to the region’s manufacturing sector and economic development. The company’s solutions support IT closets, data centers, healthcare, telecommunications, and industrial applications.

“These nominations reflect the strength of our team, the trust of our customers, and our commitment to supporting the critical digital infrastructure that keeps businesses and communities connected,” said Brian Hatmaker, President of STULZ USA. “We are honored to be recognized by the Maryland Tech Council alongside so many innovative organizations and leaders.”

The Maryland Tech Council recently launched the Data Center Alliance of Maryland, an initiative focused on advancing public understanding of the data center industry’s economic contributions, workforce opportunities, and role in supporting digital infrastructure. As demand for data continues to grow, STULZ USA remains committed to delivering reliable, efficient, and scalable cooling solutions that help enable this evolving landscape.

The ICON Awards ceremony will take place on May 21, bringing together leaders and organizations from across the region to celebrate excellence and innovation.

About STULZ USA

STULZ USA is a globally recognized leader in precision cooling solutions, specializing in innovative and energy-efficient systems for mission-critical environments, including data centers, telecom facilities, and industrial applications. With a legacy spanning more than 75 years, STULZ combines deep engineering expertise with advanced manufacturing processes to deliver unmatched quality, reliability, and performance.

View original content to download multimedia:https://www.prnewswire.com/news-releases/stulz-usa-and-president-brian-hatmaker-nominated-for-maryland-tech-council-icon-awards-302754468.html

SOURCE STULZ Air Technology Systems, Inc.

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