Miami International Holdings Announces SPIKES Futures and Options are Now Trading in Penny Increments

PRINCETON, N.J., Nov. 1, 2022 /PRNewswire/ — Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), The Bermuda Stock Exchange (BSX™) and Dorman Trading, LLC announced today that SPIKES® Futures and Options are now trading in penny ($0.01) increments.

Effective October 31, 2022, the SPIKES Futures minimum price increment is $0.01, creating the potential for tighter bid/ask spreads, reduced trading costs and the opportunity for improved execution prices. The change to 0.01 index points will result in a $10 tick value per contract for SPIKES Futures, compared to the previous $50 tick value.

The minimum trading increment for all series of SPIKES options is $0.01 if the options series is trading at less than $3.00 or $0.05 if the options series is trading at $3.00 or higher.

“MIAX remains focused on providing innovative solutions to address the challenges facing end-users in the evolving volatility trading ecosystem,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “We believe penny increments will provide traders with a more efficient way to trade volatility, allowing greater precision in trading strategies, improved execution prices and potentially lowering overall trading costs.”

SPIKES Futures and Options are traded on the SPIKES Volatility Index (Ticker: SPIKE), which updates every 100 milliseconds for pinpoint accuracy. The index is a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY). SPIKES Futures are offered by MGEX and trade electronically via the CME Globex® platform under the symbol “SPK.” SPIKES Options trade under the symbol “SPIKE” on the MIAX Options Exchange and are cash-settled with monthly expirations. More information about SPIKES products can be found here.

About MIAX
MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), The Bermuda Stock Exchange (BSX™) and Dorman Trading, LLC.

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all three exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism. MIAX also serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and offers trading in a variety of products including Hard Red Spring Wheat Futures and also serves as the exclusive market for SPIKES Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and cash market services in an array of asset classes.

BSX is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.

Dorman Trading LLC is a full-service Futures Commission Merchant registered with the CFTC.

MIAX’s executive offices and National Operations Center are located in Princeton, N.J., with additional offices located in Miami, FL, Minneapolis, MN, Hamilton, Bermuda and Chicago, Illinois.

To learn more about MIAX visit www.MIAXOptions.com.

To learn more about MGEX visit www.mgex.com.

To learn more about BSX visit www.bsx.com.

To learn more about Dorman Trading visit www.dormantrading.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
anybo@miami-holdings.com

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Hisense Launches New Soundbars and Party Speaker in South Africa, Bring Listening Experience to a New Level

CAPE TOWN, South Africa, Nov. 1, 2022 /PRNewswire/ — Hisense, a leading electronics manufacturer, announced that the company is bringing a new suite of offerings dedicated to elevating the listening experience to South Africa. The three products – HP100 Speaker for party music, Dolby Atmos® AX5100G and AX3100G Soundbar for theatre-level entertainment, are crafted with the purpose to deliver size-defying performance, packing sound-enhancing features that complement users’ home cinematic setups to create an immersive audio-visual experience

“Whether it is for a home movie night or an outdoor friend gathering, we hope to offer our customers a range of products with easy-to-use and powerful features that allow them to create immersive cinematic or musical experiences,” said Patrick, marketing director of Hisense South Africa.

The Hisense Party Rock Speaker HP100 has a trendy and eye-catching appearance with a sleek black finish and coloured light panels around its four speakers. With its powerful sound system and great versatility, HP100 is designed to level up the party experience with various cool features, including the Karaoke Mode, five lighting effects, and five DJ effects.

The HP100’s compact yet mighty sound powerhouse is fitted with two 6.5″ woofers and two 2.5″ tweeters, supercharged by its 300-watt power output, capable of delivering loud crisp sound and deep, pumping bass. Thanks to its 15 hours of battery life and an IPX4 splashproof design, HP100 allows the users to enjoy all-night fun with the dazzling light rims adding an electrifying effect to the music scene.

Users can take advantage of AX5100G’s 340-watt maximum power output to enjoy the room-filling immersion, along with the support for Dolby Atmos® and DTS: X® that can transform music, film or gaming content into a breathtakingly realistic surround auditory feast.

Both the AX5100G 5.1-channel and AX3100G 3.1-channel Soundbars feature seven speakers that transport the listener to the centre of the music or movie scene, as well as a powerful 6.5′′ wireless subwoofer that delivers rich and beefy bass, allowing users to enjoy exceptional detail and depth of their favourite tracks and shows. The two models are designed for greater simplicity and versatility, with a wall-mountable design and a wide choice of connectivity options that allow users to easily set up the device with simple installation steps.

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Industry Raves About Jereh Innovative Oil & Gas Solutions at ADIPEC 2022

ABU DHABI, UAE, Nov. 1, 2022 /PRNewswire/ — With a wide range of new applications, Jereh introduces the company’s latest technologies and solutions of oil & gas industries to energy professionals at ADIPEC 2022, the global energy industry’s largest, most important and influential event.

Following the deep concerns of global energy development, this year, under the theme of “High-efficient, Eco-friendly, Achieve a sustainable future!”, Jereh presents innovative solutions including high-end equipment, technical services, EPC and operation for upstream and midstream of oil and gas development and production chain, as well as new energy and environment management industries.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Mr.Weibin Li, EVP of Jereh Group

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and Chairman of the Executive Committee of ADNOC’s Board of Directors visited Jereh stand and showed his interest and appreciation of Jereh’s support to ADNOC.

At the event, Jereh glassesless 3D video has received unparalleled attention, showing four types of oilfield equipment including cementing unit, fracturing unit and CTU.Jereh glassesless 3D video became a highlight at the event

With the transformation of oilfield stimulation in the Middle East, cost reduction and efficiency has become major concerns. Equipped with robust electric motor and 7000hp plunger pump, Jereh E-Frac solution can satisfy operation of large displacement, high pressure and long duration. Running on electricity generated by Jereh Turbine Genset rather than diesel, the fleet ensures a cleaner, more efficient and economical way for fracturing operations.

Jereh also unveiled its model of surface engineering project. In the Middle East, for the Middle East. With experience of more than 20 years in the industry, Jereh has ranked among the international oil and gas field surface EPC engineering. In 2021, Jereh successfully signed the ADNOC pilot production facility project in the UAE. In the same year, Jereh was awarded the JPF-5 project of KOC with a contract value of over $426 million.

While remaining at the forefront in oil & gas industry, Jereh actively explores its possibilities on environment protection. From the transformation of drive mode, exploitation and utilization of unconventional energy to integrated environmental management solutions, Jereh targets future energy with fewer emissions, and works towards a clean earth.

Possessing 10 global R&D centers and high-end equipment manufacturing bases, Jereh is able to offer reliable and customized products and services in the Middle East including UAE, Saudi Arabia, Turkey, Kuwait, Oman, etc.

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At Gulfood Manufacturing in Dubai, Concepta Ingredients presents Brazilian biodiversity portfolio

  • Ingredients from Brazilian biodiversity – Oils, butter, syrups and extracts from pulps or seeds of Brazilian biomes Amazon, Cerrado and Caatinga;
  • Plant-Based Butter – 100% natural and sustainable product, without any type of chemical additive or artificial color;
  • Cold Pressed Oils – Special cold extraction and are directed to the food market, to the nutraceutical, functional food, and food supplements segments;
  • Organic Liquid Sugars – Extracted with aggregated technology and developed focused on the food and beverage industries, do not have any type of chemical additive, artificial or pesticide component;
  • Bio Abundance Program – It reinforces the company’s commitment to Brazilian forests.

SÃO PAULO, Nov. 1, 2022 /PRNewswire/ — Concepta Ingredients, Sabará Group’s business unit specialized in providing natural solutions for the food and beverage industry, is participating for the first time in one of the most important events in the world for the food sector: Gulfood Manufacturing, in Dubai, United Arab Emirates. The fair brings together more than 1,600 exhibitors from 60 countries from November 8th to 10th and presents the trends and innovations for 2022, in the sectors of Ingredients, Processing, Packaging, Supply Chain Solutions and Control and Automation.

In its booth, Concepta Ingredients exhibits its biodiversity portfolio with organic and conventional ingredients, composed of Plant-Based Butter, products originating from Açaí (Açaí Powder, Syrup, Oil and Extract), the range of Muscovado and Demerara Liquid Sugars and Cupuaçu Butter, besides the Brazil Nut, Licuri, Toasted Babaçu, Passion fruit, Sacha Inchi and Patauá Oils. Another highlight is the Cold Pressed Vegetable Oils range, launched in 2022, which contains products made from Sunflower, Sesame, Linseed and Safflower.

André Sabará, Commercial Director of Concepta Ingredients, reinforces the importance of being part of an event of such magnitude, where it is expected to receive more than 30 thousand professionals from the food and beverage industries. “Concepta actively participates in several fairs, and this is an important opportunity to establish new connections and relationships, besides showing the work we develop with Brazilian ingredients”, he pointed out. “It is essential to present our products in different markets, such as the Middle East, valuing the wealth of Brazil and of course always exchanging knowledge with professionals from other countries”, he explained.

Recently, the company started operating in Dubai. Juliana Camillo, responsible for developing new businesses in the region, highlighted the importance of the fair to ensure greater visibility for the brand in the Middle East.

“This operation was opened to serve customers from the Middle East and North Africa with more agility, as we can count on a local stock. At Gulfood Manufacturing, we want to position ourselves with the presentation of Concepta Ingredients’ most important products, always reinforcing the appreciation of Brazilian biodiversity inputs and the work built over the years by the company”, she concluded.

Bio Abundance Program
During the fair, Concepta Ingredients also presents the Bio Abundance Program, launched in 2022, which reinforces the commitment to Brazilian forests. The initiative is based on five pillars: connecting people in a virtuous value chain between the forest wealth and the market; keeping the forest standing; respecting the people and communities that inhabit it; encouraging the use of ingredients from Brazilian biomes; and promoting socioeconomic inclusion and reducing social inequality.

The Bio Abundance Program contributes to the indirect preservation of about 345 thousand hectares of native vegetation, spread among the Amazon, Cerrado and Caatinga biomes, and involves about 2,100 families.

Products and uses

Arboreto Range – ingredients from Brazilian Biodiversity

The products from Brazilian biodiversity are the result of several projects, which are based on the conservation of the forest and contribute directly to the development of communities. The range is composed of oils, butters, syrups and extracts from pulps or seeds from the Brazilian biomes Amazon, Cerrado and Caatinga, with emphasis on Açaí, Passionfruit, Licuri, Patauá, Brazil Nut and Cupuaçu.

Plant-Based Butter
Concepta Ingredients Plant-Based Butter, also part of the Arboreto range, is 100% natural and sustainable, without any type of chemical additive or artificial dye, and stands out for pure production with organic certification. Because it has no gluten and is free of trans fat, canola, soy and sodium, it is suitable for flexitarian and vegan diets, a healthy alternative to milk butter.

Cold Pressed Vegetable Oils
The range of Cold Pressed Vegetable Oils has conventional ingredients, with special cold extraction and is directed to the food market, mainly to the nutraceutical, functional food and food supplements segments. Sunflower, Sesame, Linseed and Safflower products have a higher concentration of bioactive components and are able to preserve the flavor, color and aroma characteristics of the seeds.

Organic Liquid Sugars
The Liquid Muscovado and Demerara Sugars, in turn, come from organic management, extracted with aggregated technology and developed with a focus on the food and beverage industries. Those ingredients do not have any type of chemical additive, artificial or pesticide component.

Muscovado Sugar, for example, does not undergo any kind of refinement, thus preserving the minerals and phytosterols from sugarcane. Demerara Sugar is less refined than standard sugar, thus ensuring the presence of sugarcane nutrients.

Gulfood Manufacturing – Dubai
Location: Dubai World Trade Centre
Date: November 8th-10th
Concepta Booth: #G8-30
For more information and enrollment: https://www.gulfoodmanufacturing.com/

About Concepta Ingredients:
Concepta Ingredients is part of Sabará Group and is specialized in natural and technological solutions developed in accordance with Bio Abundance Program. From a work based on innovation and research, the company offers organic and conventional ingredients, supported in the training of families and indirect conservation of areas of different biomes in Brazil. Its complete portfolio has technological inputs from international partners and ingredients from biodiversity to meet the most specific demands of the industries in where it is present.

About Sabará Group
Sabará Group, with over 65 years of history, is genuinely Brazilian and recognized for its capacity for innovation and adaptation. For three generations, the Group has overcome challenges and excels in its markets. The company’s commitment to the welfare of people around the world goes beyond the offering of innovative products and services. Its activities take into account future generations with a focus on solutions to ensure sustainability. Through its various branches of activity, Sabará Group operates throughout the national territory and has a presence in countries in South America, North America and Europe. It is specialized in the development of high performance technologies, solutions and raw materials, aimed at the water treatment markets in sanitation and industry, nutrition and animal health and the food and beverage industries. The development of its products relies on 100% national knowledge and technology, a factor which contributes to Brazil becoming a reference in product research for a sustainable world.

Johnson Controls Names Latest Blueprint of the Future Award Winners

  • Johnson Controls recognizes visionary leaders embracing digital technology in their built environment and transforming their industries
  • Winners are recognized for leveraging technologies, such as digital twins and artificial intelligence, to reduce carbon emissions from their buildings, improve safety and deliver more personalized experiences for visitors and enhancing prosperity in communities

CORK, Ireland, Nov. 1, 2022 /PRNewswire/ — Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced the latest Blueprint of the Future award winners, comprising its second cohort of OpenBlue Pioneers. This exclusive group is being recognized for visionary leadership in transforming the built environment with Johnson Controls OpenBlue digital technology. Aligning nearly 140 years of experience with its commitment to digital transformation, Johnson Controls and its OpenBlue suite of solutions are allowing customers to deliver breakthrough building performance, achieve impactful sustainability and ensure advanced security.Johnson Controls Logo.

The latest recipients of the OpenBlue Pioneers award demonstrate global ambition across multiple industry sectors:

  • Fiserv Forum, delivering unforgettable fan experiences in a comfortable, safe and sustainable environment
    Fiserv Forum and the city’s Deer District, based in Milwaukee, are icons of ingenuity rooted in sustainability and technological innovation. Powered by OpenBlue Healthy Buildings solutions and the Metasys® building automation system, Fiserv Forum advances the digital transformation of its smart building systems to deliver a best in-class in-arena fan experience without sacrificing sustainability. Building operators oversee the complete footprint of Fiserv Forum from the Arena Operations Center, ensuring the security of players, talent, staff and attendees at all times.
  • Museum of the Future, symbolizing the vision of a brighter tomorrow
    Located in Dubai, United Arab Emirates, Museum of the Future is being heralded as one of the most iconic buildings in the world. It is an exhibition space for innovative and futuristic attractions, services and products. Standing 77m tall, the avant-garde façade is made of stainless steel and glass, consisting of 1,024 unique panels. Working closely with interior architects, Johnson Controls delivered advanced security that matched the innovative design. The building employs cutting-edge technologies including virtual and augmented reality and artificial intelligence to create a truly immersive experience for visitors from around the world.
  • Microsoft Beijing West Campus, an energy-efficient pilot
    Microsoft’s Beijing West campus undertook an energy efficient pilot in keeping with China’s pledge to achieve carbon neutrality by 2060, and Microsoft’s Carbon Negative by 2030 ambition. In this limited pilot, Microsoft’s real estate team migrated the applications and data storage of the different systems – power supply, building controls, energy management and smart management to the Azure platform, creating a central, integrated “digital brain” for the Campus. Coupled with Johnson Controls OpenBlue Enterprise Manager and Metasys, Microsoft streamlined efficient building management, improved the user experience and enjoyed a significant reduction in the energy consumption of its daily operations.
  • Derwent London, making net zero a realty for its iconic properties
    Derwent London is the largest real estate investment trust in London and includes a portfolio of high profile and iconic properties including the state-of-the-art White Collar Factory in the thriving Tech City hub. Its commitment to sustainability is measured by ambitious plans to achieve net zero carbon emissions by 2030 by reducing energy consumption, increasing renewable power usage and auditing their activities to slash carbon footprint. Derwent London is using OpenBlue Enterprise Manager to gather a wealth of fresh insights about building performance on a single dashboard and OpenBlue Central Utility Plant to shrink the carbon footprint of its central plant, the cluster of mechanical, electrical and water systems that serves as the backbone of a building’s energy load.
  • Intaleq, pioneering stadium technology at the World Cup Qatar 2022
    Intaleq, a Qatar-based solutions and services provider for the sports and entertainment industry, introduced first-of-its-kind digital solution for the stadiums of the World Cup Qatar 2022. Powered by the Johnson Controls OpenBlue digital platform and Microsoft Azure, the new state of the art solution for smart stadiums is using intelligence to transform eight World Cup venues into one connected digital space that helps customers with situational awareness and actionable insights at a much faster response rate compared to any traditional command centers.

“Harnessing the power of digital technology to drive customer outcomes is the future of the buildings industry and what we take pride in at Johnson Controls. This group of OpenBlue Pioneers have demonstrated leadership in transforming their buildings and facilities to be smarter, safer and more sustainable,” said Rodney Clark, vice president and chief commercial officer at Johnson Controls. “I applaud the winners for recognizing that the future of our built environment is digital.”

Johnson Controls and OpenBlue Pioneers are bound together by a common aspiration: innovation. These awards recognize the company’s visionary customers and the incredible outcomes achieved through digital transformation. From making stadiums and museums safer for visitors and more efficient to operate, to improving the performance of office buildings and factories, Johnson Controls acknowledges how they are transforming built environments by delivering the blueprint of the future in healthy, safe and sustainable buildings.

Each winner has received a Blueprint of the Future Industry Award recognizing their efforts and outstanding visionary leadership.

To learn more about OpenBlue Pioneers, please visit: https://www.johnsoncontrols.com/openblue/openblue-pioneers

To read more about Johnson Controls commitment to sustainability, please visit: https://www.johnsoncontrols.com/corporate-sustainability/environment

INVESTOR CONTACT:                        MEDIA CONTACT:
Michael Gates
Direct: +1 414.524.5785    

Email:  michael.j.gates@jci.com  

Danielle Canzanella

Direct: +1 203-499-8297

Email: danielle.canzanella@jci.com

About Johnson Controls:

At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.

Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.

Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.

Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social platforms.

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UNHCR Mid-Year Trends 2022

Earlier this year, UNHCR announced13 that the number of people forced to flee was estimated to have reached 100 million. Based on more comprehensive statistics compiled at mid-2022, an estimated 103 million people have been forcibly displaced by persecution, conflict, violence, human rights violations and events seriously disturbing public order.14 Compared to the end of 2021, this is an increase of 13.6 million (+15 per cent) – more than the entire populations of Belgium, Burundi or Cuba – and is the largest ever increase between years according to UNHCR’s statistics on forced displacement. The continued increase has led to 1 in 77 people worldwide remaining forcibly displaced in mid-2022, more than twice as many as a decade ago (1 in 167 in 2012). UNHCR’s assessment indicates that forced displacement will continue to rise during the remainder of 2022.

The Russian invasion of Ukraine has created the fastest and one of the largest displacements of people since the second world war.16 As the front lines shifted over time, there have been waves of displacements and returns, including pendular movements, but at mid-2022, 6.3 million Ukrainians remained displaced within their country. In the initial days of the war, more than 200,000 refugees a day crossed into neighbouring countries. Some 5.4 million Ukrainian refugees remained displaced at mid-2022, finding protection primarily in nearby European countries that showed an unprecedented solidarity by providing emergency humanitarian support to refugees leaving Ukraine. In Germany, the number of refugees from Ukraine exceeded Syrian refugees for the first time. The global refugee population under UNHCR’s mandate increased by 25 per cent (+5.3 million) in 2022 compared to the previous year, reaching 26.7 million. This is the biggest proportional increase between years since 1979-1980 when millions of Afghans and Ethiopians were forced to flee to neighbouring countries.

While temporary protection was rapidly granted by European Union Member States and several other countries to refugees from Ukraine who had been forced to flee across international borders,17 access to asylum systems continues to be critical for millions of people around the world. In the first six months of 2022, 1.1 million new asylum applications were lodged in 144 different countries. This represents an 89 per cent increase compared to the same period in the previous year, and surpassed the number of applications filed prior to the COVID-19 pandemic (e.g. +22 per cent compared to the same period in 2019). More than 2 in 5 applications (41 per cent) were made by nationals of countries in Latin America and the Caribbean, notably Venezuela, Nicaragua, Cuba, Honduras and Colombia, as conditions in many countries in the region deteriorated during the first six months of 2022. By mid-2022, there were also 5.3 million other people in need of international protection, predominately from Venezuela, an increase of 21 per cent or 935,600 from the end of 2021.

More than 9.6 million new internal displacements were reported by UNHCR in the first six months of the year, more than double the same period in 2021. Most of the new displacements – at least 7 million – were in Ukraine.18 As the war is still ongoing and the situation remains highly volatile with waves of displacement, these estimates should be considered preliminary and likely undercount the reality on the ground. In other countries intensifying violence led to significant displacement.

Despite a ceasefire in March 2022, the Tigray region in Ethiopia saw a further 853,700 new internal displacements, even while nearly 21,300 primarily Somali and South Sudanese refugees also sought safety in the country in the first six months of 2022. In Myanmar, the military takeover in February 2021 continued to ignite violence, with more than half a million new displacements during the first six months of 2022. Other countries reporting significant new internal displacement in 2022 included Burkina Faso, the Central African Republic, Mozambique and the Democratic Republic of the Congo.

UNHCR noted that the impact of the COVID-19 pandemic on opportunities for durable solutions has greatly diminished. Refugee returns, naturalizations and resettlement all increased in the first six months of 2022 compared to the same period in the previous year, also exceeding pre-pandemic levels in the first six months of 2019. Nevertheless, given the sheer volume of new displacements around the world, these solutions continue to remain available to very few people. For example, in each of the previous five years, for every refugee able to return to their home country, which remains the preferred option for most refugees,19 there have been between 2 and 9 times more newly recognized refugees during the same year. In the first six months of 2022, this gap widened further and stood at 1:37 as new displacement grew and the opportunity for refugees to return and rebuild their lives in safety and dignity proved elusive.

Opportunities for local integration and socio-economic inclusion differ substantially between refugee-hosting countries. For refugees from Ukraine, while the potential duration of their stay in European countries remains uncertain, many are seeking to work during their stay, which also benefits their host countries.

Refugees from Ukraine will boost the labour force in Europe by an estimated 0.5 per cent by the end of 2022, notably in Czechia, Poland and Estonia.

The majority of the world’s refugees and internally displaced people originated from 60 fragile states, creating complex challenges.23 Even prior to 2022, fragility in these states had already increased between 2020 and 2021. In 2022, it is estimated that the number of people who are, or who are at high risk of being, acutely food insecure has reached at least 345 million.24 This is an increase of more than 200 million compared to pre-COVID-19 pandemic levels. Almost a quarter of this increase – 47 million people globally – is as a direct result of the international armed conflict in Ukraine as increasing food, fuel and fertilizer prices, reduces peoples’ access to food. This impact is felt most in countries that were already weakened by violent conflicts – for example in Afghanistan, Ethiopia, Somalia, South Sudan and Yemen, nearly 1 million people are projected to face catastrophic food insecurity if no action is taken. This is an increase of more than 10 times compared to five years prior.

Countries around the world have acted swiftly, efficiently and with compassion to help those displaced by the war in Ukraine. In fact, this type of response should be the standard. The international community must demonstrate solidarity to all people forced to flee, or who are stateless, as well as lend support to the countries that welcome them.

Source: UN High Commissioner for Refugees