Greenstone gets license to promote financial products

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Alex Gemici, chairman of Greenstone Equity Partners.
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Omar Al-Gharabally, president and partner of Greenstone Equity Partners.
Updated 16 June 2019

Greenstone gets license to promote financial products

Greenstone Equity Partners, the largest fund placement firm in the Middle East, has become the first firm of its kind to obtain a license to promote financial products and foreign securities by the UAE’s Securities and Commodities Authority (SCA).
The SCA has granted Greenstone’s UAE subsidiary, Greenstone Equity Partners Financial Products Promotion L.L.C., a license to perform the activities of financial product and foreign securities promotion.
Under the new license, Greenstone will be able to carry out fund placement activities for its clients by registering funds with the SCA and providing international and local investment options for institutional and noninstitutional investors in the UAE.
“Securing this prestigious license marks a significant landmark in the growth story of Greenstone, cementing us as the leading placement firm for capital raising in the Middle East,” said Alex Gemici, chairman of Greenstone Equity Partners.
Omar Al-Gharabally, president and partner of Greenstone Equity Partners, said: “This license is an important cornerstone of Greenstone’s vision to be ‘within 30 minutes driving distance of every investor we cover,’ which we feel is the only effective way to establish the most productive relationships with our investors.”


Hyundai unveils new technologies to maintain clean air in vehicles

Updated 09 August 2020

Hyundai unveils new technologies to maintain clean air in vehicles

Hyundai Motor Group has announced new technologies to improve the quality of air in vehicles and create a more pleasant indoor environment for customers.

Recognizing the growing concern about air quality, the group unveiled three new air-conditioning technologies — After-Blow, Multi-Air Mode, and Fine Dust Indicator. The technologies will be introduced initially on select models in Korea and expand to upcoming Hyundai vehicles worldwide in the future.

After-Blow

After-Blow dries the condensate on the evaporator and suppresses mold growth in the air-conditioning system, which can cause an odor during hot weather. After the engine is turned off and the condensate on the evaporator drains naturally for about 30 minutes, After-Blow activates for 10 minutes to dry the evaporator and any condensate leftover in the air passage. The air-conditioning system automatically allows influx of outside air during this time to prevent humidity from building up.

The technology uses an intelligent battery sensor (IBS) to monitor the battery and stops functioning when the battery is low, allaying any concerns about battery discharge.

Multi-Air Mode

Multi-Air Mode uses multiple vents for air conditioning and heating to create a more pleasant indoor environment with gentle wind. When this mode is activated, the air is dispersed to the newly added multi-air slots in the driver and passenger seats in addition to the normal air vents. The overall wind volume remains the same, but the dispersion of wind reduces direct air contact and softens the air. This mode can be switched on and off based on the preference of the driver.

Fine Dust Indicator

Fine Dust Indicator measures the air inside the vehicle in real time and delivers digitized information, allowing the driver to better manage the air quality. The indicator displays the concentration and pollution level of ultrafine particles (PM 2.5) inside the vehicle using integer numbers and colors for better visibility to the user. 

If the level of ultrafine particles exceeds 36 μg /m3 while the function is active, the air-cleaning mode will run to purify the air in the vehicle. The air-cleaning system automatically sets the air volume between 3 and 8 and switches to air-recirculation mode and activates the air conditioning system to reduce indoor humidity. If the air does not improve in air-cleaning mode, it can also serve as a reminder to the driver to replace air-conditioner filters or to clean contaminated seats and mats.