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The Dinar is a currency that has been used in Iraq since 1932. It is currently the official currency of Iraq, and is used in many other countries in the Middle East. While it is a relatively stable currency, in recent years the value of the Dinar has fluctuated due to the instability in the region. This has led to speculation about the future of the currency, as well as a number of articles and videos discussing the currency. This section contains a collection of news, articles and videos about the Iraqi Dinar.
Janet Yellen, the U.S. Treasury Secretary, on Friday cautioned that the government will reach its borrowing limit on Tuesday, necessitating the use of "extraordinary measures" to prevent a potential default.
Spanish telecom giant Telefonica's board agreed on Saturday to appoint defence company Indra's chairman Marc Murtra as its new CEO, replacing Chief Executive Jose Maria Alvarez-Pallete following a request from state-owned fund SEPI. Telefonica's board held an extraordinary meeting on Saturday to decide to terminate Alvarez-Pallete's contract and offer his job to Murtra, who accepted it, the company said in a filing to the stock market regulator. State-owned investment fund SEPI had proposed to replace Alvarez-Pallete, who has led the company since 2016, with Murtra, a person with knowledge of the matter told Reuters earlier on Saturday.
Panther Metals plc, the Canadian-focused mineral exploration company, has successfully completed a conditional placing of 910,000 ordinary shares, raising £455,000. The shares were placed at 50 pence each, representing a 37.5 per cent discount to the company’s mid-market closing price on 17 January 2025. The terms will be a disappointment for investors who didn’t partake […]
Render for Wadi AlFann, Courtesy of James Turrell Studio and Royal Commission for AlUla ALULA, Saudi Arabia, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Wadi AlFann presents James Turrell, an exhibition surveying the work of pioneering Light and Space artist James Turrell. The exhibition will run from 16 January until 19 April 2025 and is presented by Wadi AlFann as part of the AlUla Arts Festival 2025, taking place in the ancient oasis of AlUla in north west Saudi Arabia. The exhibition is curated by Guest Curator Michael Govan, CEO of the Los Angeles County Museum of Art (LACMA) and curator of James Turrell’s major retrospective at LACMA in 2013-14. It connects Turrell’s legacy with his ambitious Wadi AlFann commission, offering visitors an unparalleled experience of Light and Space. On view are light art installations as well as renders, plans and a constellation map relating to his upcoming commission in AlUla. As part of the exhibition, visitors can view plans for Turrell’s upcoming Wadi AlFann commission where he is creating a monumental sequence of chambers within the canyon floor which will generate a sensorial experience of space, colour, and perception. Experiencing the ‘thingness of light’ as well as elements of sky and terrain, the viewer will explore these spaces via a series of tunnels and stairs. The large-scale commission will examine the very nature of seeing and offer a profound opportunity to experience art in dialogue with nature. The exhibition also includes four works from the Royal Commission for AlUla and private collections, which showcase the artist’s mastery of light as a medium. Turrell’s work immerses us in what he describes as ‘the wordless thought that comes from looking at a fire’, each work is a meditation on the nature of perception. This exhibition offers the rare opportunity to see one of the artist’s earliest works and one of his most recent pieces. Highlights from the Royal Commission for AlUla’s contemporary art collection include Cross Corner projection work Alta (1968), which transforms the dim corner of a room into a luminous pyramid, the pink-violet light creates planes that appear to be solid. The exhibition also includes Jubilee, Circular Glass (2021), a circular glass screen where colours mutate hypnotically. However much the viewer stares, it is hard to recognise the colours changing, yet the work takes us imperceptibly from a dazzling crimson to an icy blue. Relating to the oculus Turrell will install in Wadi AlFann, AlUla, the disc of light seems a palpable intervention from another reality. Lastly, a work from his Magnatron series, evokes the artist’s childhood memories of glimpsing the flickering light of televisions through the windows of neighbouring houses, and Hologram series which reveals a luminous geometric shape floating in space, will also be featured. Wadi AlFann, meaning ‘Valley of the Arts’, will be a global cultural destination for contemporary art, where era-defining works by artists from around the world will be permanently sited in the monumental landscape of AlUla, the extraordinary desert region of north-west Saudi Arabia. Turrell is one of the first five artists, alongside Manal AlDowayan, Agnes Denes, Michael Heizer, and Ahmed Mater. The exhibition is part of the Wadi AlFann pre-opening programme which provides context and understanding to the commissioned artists’ work and practices, offering a chance to hear from the artists behind Wadi AlFann’s monumental Land Art commissions. This exhibition is located in two spaces in AlJadidah Arts District, the historic old town of AlUla and is part of the AlUla Arts Festival, an annual festival which forms a flagship event as part of the AlUla Moments events calendar in AlUla. The festival runs from 16 January to 22 February 2025. The festival offers visitors an immersive journey through art, design, artist residencies and workshops set against the backdrop of the ancient city. James Turrell comments I first visited the Wadi AlFann site in 2020. I was surprised that the sandstone formations looked very similar to those in Arizona. I was very familiar with that kind of landscape and strangely felt at home with doing work there. The work envisioned for Wadi AlFann will have two large Skyspaces and two small Skyspaces, that each address different aspects of sky. All of my Skyspaces engage the natural light of the area. The light quality in AlUla is of dry desert air with little moisture, which yields a light in the sky that is crisp and clear. Nora Aldabal, Director of Arts and Creative Industries, Royal Commission for AlUla As we continue to celebrate the journey toward the opening of Wadi AlFann, we are delighted to present James Turrell’s extraordinary work as part of the AlUla Arts Festival 2025. We are honoured to work with Michael Govan as Guest Curator for this introduction of the artist’s astonishing oeuvre to the Kingdom. This exhibition not only introduces our audiences to the pioneering Light and Space movement but also offers a unique preview of the monumental large-scale Land Art commission Turrell is creating for Wadi AlFann. Through projects like this, we shine a global spotlight on AlUla’s breathtaking landscape and rich cultural heritage which is inspiring profound contemporary art in dialogue with the natural world. Michael Govan, CEO of the Los Angeles County Museum of Art (LACMA) For decades, James Turrell has been considering the experience of light in the context of human perception. His revolutionary use of light in art is an unforgettable experience. LACMA, the largest art museum in the western United States, presented a defining retrospective of James Turrell in 2013-2014 and is delighted to collaborate with Wadi AlFann to bring Turrell’s masterworks to the AIUIa Arts Festival 2025. PRESS CONTACTS:Pelham Communications Saskia Deliss saskia@pelhamcommunications.com Rosie Lowit rosie@pelhamcommunications.com Please find the press kit here. Royal Commission for AlUla media@rcu.gov.sa NOTES TO EDITORS: About Wadi AlFann: Wadi AlFann, meaning ‘Valley of the Arts’, will be a global cultural destination for contemporary art, where era-defining works by artists from around the world will be permanently sited in the monumental landscape of AlUla, the extraordinary desert region of north-west Saudi Arabia. New, large-scale, site-specific commissions by Manal AlDowayan (b. 1973, Saudi Arabia), Agnes Denes (b. 1931, Hungary), Michael Heizer (b. 1944, USA), Ahmed Mater (b. 1979, Saudi Arabia) and James Turrell (b. 1943, USA) will be the first five works to be conceived for Wadi AlFann, a spectacular valley spanning approximately 65 square kilometres. These initial five works will mark the start of a continued programme of commissions, with more artists and activities to be announced. Wadi AlFann will offer a profound opportunity to experience art in dialogue with nature. Learning from the desert, the artists are responding to the landscape of AlUla, taking inspiration from its dramatic topography, undulating vistas, remarkable geological structures and complex natural ecosystem. The works will be created with respect for the landscape, set against the stunning sandstone cliffs and canyons of the vast terrain. Wadi AlFann will provide unparalleled opportunities for local communities to experience art as a source of education and enrichment. Through job creation, skills development and engagement with local creatives, Wadi AlFann will strengthen AlUla’s cultural economy, inspiring a new generation of arts professionals and enhancing quality of life for its residents. This epic new destination will also welcome art lovers, adventurers, and globetrotters from across the world on a transformative cultural journey to a unique place of creative and geographical wonder, continuing the region’s history as a place of cross-cultural exchange. A full press release about Wadi AlFann can be found here. The exhibition is part of the Wadi AlFann pre-opening programme which provides context and understanding to the commissioned artists’ work and practices, offering a chance to hear from the artists behind Wadi AlFann’s monumental Land Art commissions. About Arts AlUla: The creation of Arts AlUla within The Royal Commission for AlUla (RCU) is a commitment to crafting the next chapters in a millennia of artistic creation – celebrating cultural inheritance, presenting the art of our time, and shaping a future propelled by creativity. AlUla has long been a consistent and ever-evolving hub of cultural transfer. It has been a place of passage, a crossroads for trade, and home to successive civilizations who carved, sculpted and inscribed their lives into the landscape. The work of Arts AlUla seeks to preserve this legacy: fuse the old with the new; the local with the international, keeping the arts central to the spirit of AlUla as a place of extraordinary natural and human heritage. Arts AlUla will bring to fruition a series of new initiatives, projects and exhibitions. The artwork curation will speak to RCU’s vision for the continued development of AlUla’s contemporary art scenes: positioning the arts as a key contributor to AlUla’s character, the quality of life for its local community and the region’s economic future. Arts AlUla focuses on transferring the talents of the Saudi nation and the local AlUla community into meaningful long-standing social and economic opportunities. This is a key part of the Journey through Time masterplan bringing together the 15 different landmark destinations for culture, heritage and creativity across AlUla. James Turrell: American artist James Turrell has been a leading figure of the Light and Space movement of the 1960s for over half a century as he dedicated his practice to perceptual art, investigating the materiality of light and the limits of human perception. Over his fifty-year career, his works have ranged from transforming enclosed spaces into boundless horizons of colour, to building entire pavilions that capture the luminescence of the cosmos. His most legendary work is the epic Roden Crater, set in a volcanic cone in the Arizona desert. Turrell received his BA in mathematics and perceptual psychology at Pomona College, California, in 1965, then entered graduate school at University of California, Irvine in 1965-1966 and later enrolled in the Studio Art program at Claremont Graduate University, California, earning his MA in 1973. He has shown worldwide and his work features in public collections such as MOCA Kanazawa, Japan; Barcelona Arts Bibliotech; Ekeberparken Oslo; Houghton Hall, UK; Lenbachhaus Museum, Munich, Germany; MoCA Los Angeles, USA; Museum of Fine Arts, Houston, Texas; and the Yorkshire Sculpture Park, UK. Michael Govan: Michael Govan is the CEO and Wallis Annenberg Director at LACMA. Since coming to LACMA in 2006, he has overseen the transformation of the 20-acre campus with buildings by Renzo Piano and monumental artworks by Ai Weiwei, Chris Burden, Michael Heizer, Robert Irwin, Barbara Kruger, Yoshitomo Nara, and others. At LACMA, Govan has pursued his vision of contemporary artists and architects interacting with the museum’s historical collections, as evidenced by exhibition and gallery designs as well as programming in collaboration with artists and architects. Currently, the museum is in the process of building a new, state-of-the-art permanent collection building designed by Pritzker Prize–winning architect Peter Zumthor. Under his leadership, LACMA has acquired nearly 44,000 works, building and expanding its collection of more than 150,000 works of art from Latin America, Asia, Africa, the Middle East, and the Pacific. Known as well for his curatorial work, Govan has co-curated a series of notable LACMA exhibitions, including Ed Ruscha: Now Then (2023–24); Barbara Kruger: Thinking of You. I Mean Me. I Mean You (2022); Rauschenberg: The 1/4 Mile (2018); Picasso and Rivera: Conversations Across Time (2016–17); James Turrell: A Retrospective (2013–14), The Presence of the Past: Peter Zumthor Reconsiders LACMA (2013); and Dan Flavin: A Retrospective (2007) that traveled to six venues in Europe and the United States. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5258c1fc-86d0-4eb6-9787-41ddacd6f28a
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser:Danske Bank A/S(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeDS Smith Plc(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure20 January 2025(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”NO 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security:10p ordinary InterestsShort positions Number%Number%(1) Relevant securities owned and/or controlled:30,308,7822.20 (2) Cash-settled derivatives: 30,308,7822.20(3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL:30,308,7822.2030,308,7822.20 All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors’ and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant securityPurchase/saleNumber of securitiesPrice per unit10p ordinarySale 1,151,055GBP 5.9250 (b) Cash-settled derivative transactions Class of relevant securityProduct descriptione.g. CFDNature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit10p ordinaryTRSClosing a short position 1,151,055GBP 5.9250 (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitTypee.g. American, European etc.Expiry dateOption money paid/ received per unit (ii) Exercise Class of relevant securityProduct descriptione.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant securityNature of dealinge.g. subscription, conversionDetailsPrice per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state “none”None (c) Attachments Is a Supplemental Form 8 (Open Positions) attached?NO Date of disclosure:21 January 2025Contact name:Kotryna CinciukeTelephone number*:+37060405825 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
Asked for their examples of moral business leadership, as might be expected hundreds of MBA students described well-known CEOs, whose extraordinary actions we certainly can learn from (individuals such as Yvon Chouinard of Patagonia and Ratan Tata of the Tata Group). More frequently, however, respondents provided recollections about their own bosses (current and former) and the tangibility of how these middle managers made a meaningful difference in the lives of their teams and upheld the moral compass of their organizations. Becoming the manager whom others genuinely respect, admire, and recall as a moral role model requires deep work. Two areas, in particular, can help: taking a regular self-inventory to gauge your existing standing, and willingly correcting habits and behaviors — then monitoring them on an ongoing basis.