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China has offered fresh channels for easing trade tensions with the European Union after Foreign Minister Wang Yi completed a four-country Nordic tour aimed at rebuilding confidence with some of Europe’s most security-conscious governments.

Wang’s 2-8 July visit to Denmark, Sweden, Finland and Norway came as Brussels and Beijing try to prevent a deepening dispute over industrial subsidies, electric vehicles, market access, export controls and critical minerals from turning into a broader trade confrontation. The trip placed trade, green technology, shipping, healthcare, tourism and scientific innovation at the centre of talks, while allowing Beijing to test whether northern Europe could support a less confrontational EU approach.

The diplomatic push followed high-level trade discussions in Brussels, where both sides agreed to establish a ministerial-level mechanism that would meet once or twice a year. Four negotiation tracks are expected to cover export controls, trade and investment balancing, market access, and supply-chain transparency, with October emerging as a key deadline for measurable progress.

The EU’s trade deficit with China stood at about €360 billion last year, driven by imports of electric vehicles, batteries, solar equipment, machinery and consumer goods. European officials have warned that subsidised Chinese production could put pressure on strategic industries, while Beijing argues that EU restrictions on technology exports and investment screening have politicised commerce.

Wang used the Nordic leg to frame China and Europe as partners rather than rivals. In Copenhagen, he urged Denmark to play a constructive role in stabilising EU-China relations and highlighted cooperation in green shipping, life sciences and tourism. Denmark holds political weight in Brussels through its support for open trade, but it has also backed a firmer European line on economic security and resilience.

The tour carried symbolic value. It was the first visit by a Chinese foreign minister to Denmark in 15 years and to Sweden in 22 years. Sweden is China’s largest trading partner in the Nordic region, but relations have faced strain over human rights, security policy and Europe’s concerns over dependence on Chinese technology. Wang met Prime Minister Ulf Kristersson and Foreign Minister Maria Malmer Stenergard in Stockholm, where the talks covered bilateral ties and the wider EU agenda.

Finland added a sharper security dimension to the visit. President Alexander Stubb and Foreign Minister Elina Valtonen have supported a more cautious European posture towards Beijing, particularly since Russia’s war in Ukraine reshaped the security debate across northern Europe. Finland’s accession to NATO has also altered the regional balance, placing Helsinki firmly inside the transatlantic security framework. Trade dialogue with Beijing therefore sits alongside hard questions over Russia, technology transfer and strategic infrastructure.

Norway, the final stop, offered Beijing a more pragmatic opening. Oslo is outside the EU but closely tied to the single market through the European Economic Area. Its energy, maritime and seafood industries give it economic links with China, while Norway’s diplomatic tradition allows space for dialogue even during periods of political tension. Wang’s meeting with Foreign Minister Espen Barth Eide was expected to focus on trade, green transition and international security.

Beijing’s message is that the EU should expand trade rather than restrict it. China has signalled willingness to increase imports from Europe and improve communication over trade frictions. It has also pressed Brussels to ease restrictions on high-tech exports and avoid measures that it views as protectionist. European negotiators, however, want more than general assurances. They are seeking concrete steps to narrow the trade gap, improve access for European firms, and curb state-backed overcapacity in sectors where Chinese exports have surged.

The most sensitive issue remains electric vehicles. The EU imposed duties on battery-powered cars made in China after concluding that state support had distorted competition. Chinese manufacturers have responded by looking more seriously at European production sites, including plants in Hungary and other markets, to maintain access to consumers while reducing tariff exposure. The dispute has become a test case for whether Brussels can defend industry without triggering retaliation that would hit exporters, luxury brands, agriculture and aviation.

Rare earths and critical inputs have become another pressure point. China dominates several stages of processing for materials used in clean energy, defence and advanced manufacturing. European officials are trying to reduce exposure without severing commercial links. Beijing retains leverage through licensing and supply-chain controls, while the EU is developing tools to diversify sourcing, screen investment and support domestic production.

Gulf Cooperation Council banks are bracing for slower growth as the Middle East war and wider geopolitical uncertainty weigh on credit demand, investor confidence and corporate activity, even as lenders retain strong profitability, capital buffers and stable funding. S&P Global Ratings analyst Tatjana Lescova said banks across the six-nation bloc are expected to continue delivering solid earnings despite pressure from the conflict, higher risk premiums and uneven […]

Arabian Post Staff -Dubai Iran’s Revolutionary Guards said they fired missiles and drones at US military facilities in Bahrain and Kuwait on Wednesday, widening a confrontation that has put a fragile ceasefire under severe strain after US strikes on Iranian targets near the Strait of Hormuz. The Islamic Revolutionary Guard Corps said the operation hit sites linked to the US Fifth Fleet in Bahrain and Ali Al […]

The Reserve Bank of India has renewed its support for keeping cryptocurrency away from the formal financial system, reviving the prospect of a tougher national policy on private digital assets even as millions of users continue to trade through domestic and offshore platforms. Government documents and briefings to a parliamentary panel point to a policy line that leans towards prohibition rather than licensing. The central bank has […]

By Satyaki Chakraborty Amidst Trump-Modi bonhomie and the continuation of India-US trade talks, former Indian intelligence chief Vikram Sood said on Sunday in an interview to a British network that the present U.S. deputy secretary of state Christopher Landau told Indian officials during his visit to India in March 2026 that Washington would use tariffs, […]

The article It Is Now Official: U.S. Will Do Everything To Curb India’s Economic Growth appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

  • Formula E Season 12 accelerates global expansion and sustainability milestones as DHL delivers precision logistics behind one of the world’s most complex sporting championships
  • Battery logistics takes center stage off track as electrification drives new supply chain demands

SHANGHAI, CHINA – Media OutReach Newswire – 7 July 2026 – As the ABB FIA Formula E World Championship returns to Shanghai for the 2025/2026 Season, the world’s premier all-electric racing Championship accelerates into its most ambitious chapter yet with a record 17 races across 11 global cities, including new circuits in Madrid and Miami.

ABB FIA Formula E World Championship returns to Shanghai for the 2025/2026 Season
ABB FIA Formula E World Championship returns to Shanghai for the 2025/2026 Season

Underscoring its commitment to sustainability and transparency, Formula E has also recently become the first global sport to achieve B Corp Certification, a globally recognised designation awarded to companies that meet high standards of social and environmental performance, accountability, and transparency. “Achieving B Corp Certification is a defining milestone for Formula E and reinforces our mission to drive sustainable innovation both on and off the track,” said Barry Mortimer, Paddock and Logistics Director, Formula E. “It reflects our commitment to operating responsibly as we continue to push the boundaries of electric mobility and sustainable sport on a global stage.”

DHL Powers the Global Movement of Formula E

Behind the high-speed action lies a complex global logistics operation. DHL, the Official Founding and Official Logistics Partner of the ABB FIA Formula E World Championship since 2013, plays a critical role in moving the Championship seamlessly across continents, ensuring that every race is delivered with precision, efficiency and sustainability.

Each race in this season requires the transport of approximately 400 metric tons of freight, including 21 electric race cars, charging infrastructure, broadcast equipment, and critical power systems, all orchestrated through tightly coordinated multimodal solutions spanning air, ocean, rail and road.

In the lead-up to the 2026 Shanghai E-Prix, DHL executed a three-day multimodal journey from Sanya, combining ferry and road transport. This required extensive planning and documentation to ensure full compliance across multiple transport regulations, highlighting the precision and intricate choreography required to meet unmovable race-day deadlines.

Battery Logistics at the Heart of Electrified Racing

Beyond motorsport, this partnership shines a spotlight on one of the fastest-growing and most complex areas of global trade: battery logistics. As electrification accelerates worldwide, the safe and compliant transport of lithium-ion batteries has become mission-critical and increasingly challenging.

Formula E offers a vivid real-world example. Each race involves transporting approximately 31 high-performance batteries, each weighing around 400kg—far exceeding typical consumer battery thresholds and classified as regulated dangerous goods. Their transport requires strict adherence to international regulations, including IATA and ICAO standards, covering specialized packaging, state-of-charge restrictions, certified handling procedures, and multiple layers of regulatory approvals from airlines and authorities.

The complexity is further amplified by varying customs requirements of different countries and cities, and stringent transport conditions across different modes. From certified aluminum containment units and non-stackable packaging to detailed documentation and risk classification requirements, every step demands precision and deep expertise.

“Every Formula E race may look seamless on track, but behind the scenes it is a highly complex logistics operation—especially when it comes to transporting lithium-ion batteries safely across borders,” said Federico Cavani, Head of Motorsports Italy, DHL Global Forwarding. “These are regulated dangerous goods that require meticulous planning, strict compliance with global standards, and specialized handling at every stage. Our partnership with Formula E showcases how advanced battery logistics can be executed safely at scale, and reflects the same challenges DHL customers face as electrification accelerates globally.”

China: The Engine Driving Global Battery Supply Chains

China has emerged as the undisputed hub of the global battery ecosystem, underpinning the rapid growth of electrification worldwide. In 2025, global electric vehicle battery deployment reached 1.2 terawatt-hours (TWh), with China accounting for around 60% of the total, reinforcing its position as the largest and most dynamic market. Beyond demand, China also leads across the manufacturing value chain. The country produces over 70% of the world’s lithium-ion batteries, with some estimates placing its share at more than three-quarters of global output in 2025.

The ability to move batteries safely, compliantly, and efficiently—both within China and across international markets—has thus become a critical differentiator.

“DHL Global Forwarding China partners with several of the world’s leading battery manufacturers, providing end-to-end battery transportation solutions across the entire logistics value chain. The company also supports the rapidly growing energy storage logistics sector, helping customers better manage and optimize their energy storage supply chains. Each year, we handle more than 10,000 TEUs of batteries and battery-related materials exported from China, with shipments destined for major markets such as the United States and Europe,” said Stephen Zhang, Vice President, Ocean Freight, Greater China, DHL Global Forwarding.

As global supply chains evolve alongside the energy transition, DHL’s role extends far beyond the racetrack. From supporting EV and battery ecosystems to enabling resilient, compliant and sustainable logistics solutions, the company continues to power the shift toward a low-carbon future—one race, and one shipment at a time.

DHL Group has made significant investments in its New Energy capabilities under its Strategy 2030: Accelerating Sustainable Growth. Through DHL New Energy Logistics, a sector brand driving electrification and the energy transition, the company delivers end-to-end solutions across the full value chain, spanning wind, solar, EVs and batteries, BESS, charging, grid infrastructure, alternative fuels, and hydrogen. Leveraging a global network covering more than 220 countries and territories and supported by over 20 DHL EV Centers of Excellence and a dedicated team of trained dangerous goods specialists, DHL ensures high-sensitivity cargo moves safely, compliantly, and on time.
Hashtag: #DHL

The issuer is solely responsible for the content of this announcement.

DHL – The logistics company for the world


DHL
is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 389,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group. The Group generated revenues of approximately 82.9 billion euros in 2025. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

Abu Dhabi Securities Exchange Group will remove daily price limits on exchange-traded funds and futures contracts from 3 August 2026, marking a fresh step in its push to deepen liquidity, improve price discovery and align its listed products more closely with global market practice. The change applies to ETFs and futures contracts listed on the exchange, allowing their prices to move without the daily trading bands that […]

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Arabian Post Staff -Dubai ADNEC Group delivered AED9.2 billion in economic impact in 2025, marking its strongest annual performance and strengthening Abu Dhabi’s position as a regional centre for exhibitions, conferences, hospitality and business tourism. The figure represented an 8 per cent rise from AED8.5 billion in 2024, supported by higher event activity, stronger visitor flows and deeper integration across venues, events, services, catering, tourism and media. […]

Arabian Post Staff -Dubai Saudi Arabia has slashed the price of its flagship crude for Asian buyers by the widest margin in more than two decades, signalling a tougher fight for market share as rising supply and softer demand reshape the oil trade. Saudi Aramco cut the August official selling price of Arab Light crude by $11 a barrel, setting it at $1.50 below the Oman-Dubai average, […]

SHANGHAI, CHINA – Media OutReach Newswire – 7 July 2026 – On June 30, 2026, New York time, the launch ceremony and New York Forum for OUR WATER Season 3 were successfully held at Bloomberg Headquarters in New York. This event, themed “Rivers of Opportunities“, focused on the shared certainties of Shanghai and NYC, anchoring growth through open cooperation and reshaping the future through innovation and resilience.

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Co-hosted by Bloomberg L.P., the Forum was attended by Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies; Tang Zhiwen, Minister, Embassy of the People’s Republic in the United States of America; Ma Xiaoxiao, Deputy Consul General of the People’s Republic of China in New York; Chen Yiqun, Director-General of Information Office of Shanghai Municipality, and Hu Minghua, President of Shanghai United Media Group and over 200 guests from the political, business, finance and cultural sectors of China and the United States. The forum is dedicated to exploring the openness and similarities between Shanghai and New York to identify a shared framework of certainties among global hub cities.

Caption:OUR WATER III held in New York. Photo: Shuran HUANG
Caption:OUR WATER III held in New York. Photo: Shuran HUANG

The two cities share distinct advantages in sectors such as finance and trade, while also facing common challenges in urban renewal, low-carbon development, and digital transformation. Candid and open dialogue is essential for mutual learning, and it will also inject stability into China-U.S. relations.

On the topic of how global capital understands the Chinese market, a panel titled “Investing in China, Winning the Future” featured Chinese and international guests discussing how the appeal of Chinese assets is shifting from traditional growth narratives to AI, high-end manufacturing, financial opening-up, and institutional market development. As a hub for financial opening-up, an asset allocation center, and a cluster for innovative enterprises, Shanghai has become a crucial gateway linking international capital with opportunities in China.

Consumption is one of the most dynamic topics between China and the U.S. At the second panel of “Opportunies in emerging Consumer Markets“, moderated by Bloomberg Television host David Westin, panelists observed that the consumer vitality of Shanghai and New York stems not only from market size but also from their ongoing ability to create experiences, understand people, and activate urban spaces.

Besides the forum, the New York series of events for OUR WATER Season 3 also includes: West Meets East·Shanghai & New York 2026 – A Polaroid 20×24 Special Exhibition; Chinese Opera: A Century of Dreams – An Exhibition of Art Design and Technology; An Exhibition themed Shanghai’s “One River, One Creek” and Jing’an CAZ China-U.S. Business Leaders Dialogue in New York.

These events shape a tangible and immersive waterfront narrative, allowing Shanghai and New York—two super metropolises that have thrived on water—to resonate in harmony through dialogue. As Minister Tang Zhiwen stated in his address, Shanghai and New York, are expected to become benchmarks for subnational cooperation between China and the United States, and to make new contributions to fostering a “constructive China-U.S. relationship of strategic stability.”

Hashtag: #ShanghaiEye

The issuer is solely responsible for the content of this announcement.

A UAE-based company has moved to bring Korean manufacturing into Abu Dhabi through a proposed industrial zone that could host more than 25 factories in its first phase and attract investments exceeding $1 billion.

AG Company signed a strategic partnership with Akbar Investment Company of the Republic of Korea to study the establishment of a zone dedicated to Korean industries, with Al Ain identified as the proposed location. The initiative comes as the UAE and Korea deepen economic ties under a bilateral trade framework that entered into force on May 1, 2026, after being signed in Seoul on May 29, 2024.

The announcement coincided with the visit of a high-level Korean delegation to Abu Dhabi, led by Jung Min Kim, a member of the National Assembly of the Republic of Korea and member of its Committee on Trade, Industry, Energy, SMEs and Startups. The delegation included representatives from government and semi-government entities, investors and industrial companies.

The agreement was accompanied by the signing of 15 memoranda of understanding with Korean companies and manufacturers across industrial sectors. The proposed zone is expected to focus on advanced manufacturing, technology-led production, artificial intelligence applications, healthcare technologies and related industries, although the final sector mix will depend on feasibility studies, regulatory approvals and investor commitments.

The project aligns with Abu Dhabi’s wider industrial strategy, which seeks to more than double the emirate’s manufacturing sector to AED172 billion by 2031, expand non-oil exports and create thousands of skilled jobs. Abu Dhabi has been positioning industrial growth as a pillar of diversification, combining ports, free zones, logistics networks and investment incentives to attract manufacturers serving the Middle East, Africa and South Asia.

During the visit, the Korean delegation held meetings with the Abu Dhabi Investment Office and Khalifa Economic Zones Abu Dhabi to review the emirate’s investment environment, infrastructure and industrial services. The delegation also met business leaders and investors and carried out field visits to assess operational readiness, logistics capacity and production facilities.

Jung Min Kim said the UAE, and Abu Dhabi in particular, had established itself as one of the world’s most attractive and trusted investment destinations due to its economic vision, legislative environment and infrastructure. He said those advantages, along with stability and the capacity to attract quality investment, made the country an appropriate partner for expanding the presence of Korean industries across the region.

Dr Ahmed Abdullah, chief executive of AG Company, said the project reflected the UAE’s direction towards a more diversified and competitive economy based on knowledge, innovation and autonomous artificial intelligence capable of self-operation and execution. He said attracting Korean industries represented not only an economic investment but also an opportunity to transfer expertise, develop national competencies and strengthen the UAE’s position as a hub for industry and innovation.

The UAE–Korea trade agreement is expected to eliminate or reduce duties on more than 90 per cent of tariff lines over a period of up to 10 years. It also covers trade in goods and services, investment, customs procedures, digital trade, intellectual property, government procurement and cooperation in sectors including energy, healthcare and advanced industries.

The industrial zone proposal gives private-sector form to those commitments. Korean companies have strong global positions in electronics, automotive components, batteries, robotics, shipbuilding, healthcare equipment and advanced materials. Abu Dhabi offers access to capital, energy, transport infrastructure and regional markets, while Korean manufacturers bring production systems, export networks and technology capabilities.

The location of Al Ain carries added significance. The city has been seeking a larger role in Abu Dhabi’s economic diversification beyond its established strengths in agriculture, education, culture and tourism. A manufacturing cluster there could broaden industrial activity outside the coastal logistics corridor, although investors will assess connectivity, labour requirements, utilities, supply chains and access to ports before committing to factory sites.

Safwan Bals, board adviser at AG Company, said nominating Al Ain reflected a vision of expanding economic development and diversifying production hubs. He said the project could support the city’s economic and social development by attracting investments and creating direct and indirect employment opportunities.

Arabian Post Staff -Dubai DMCC has launched a dedicated cybersecurity vertical as part of a wider restructuring of its technology ecosystem, bringing more than 4,000 technology companies under the newly formalised DMCC Tech platform. The new unit, DMCC Cyber, is designed to support businesses working across cyber resilience, digital trust, data protection, identity management, and governance, risk and compliance. It will sit alongside the DMCC AI Centre, […]

Arabian Post Staff -Dubai OPEC+ has approved another increase in oil output targets for August, adding 188,000 barrels per day to planned supply as Gulf exports move back through the Strait of Hormuz and crude prices ease from wartime highs. The decision, taken at a virtual meeting on Sunday, extends a sequence of monthly quota increases that began in April and continued through June and July. Saudi […]

Arabian Post Staff -Dubai Oil prices have slipped back as a burst of supply, softer demand signals and easing disruption fears revive concern that the global market may be heading towards another glut. Brent crude has traded close to $72 a barrel, while US benchmark West Texas Intermediate has hovered below $70, pulling prices towards levels seen before the latest Middle East supply scare. The shift has […]

Securitize began trading on the New York Stock Exchange under the ticker SECZ after completing its merger with Cantor Equity Partners II, giving the tokenisation platform a public-market foothold at a time when Wall Street is testing blockchain rails for regulated securities. The Miami and New York-based company closed its business combination on 1 July, with trading starting the following day. The deal is expected to raise […]

Bitcoin, Ether and other large crypto tokens are moving in unusually tight formation as a market worth more than $2.2 trillion tries to recover from a bruising correction, raising fresh questions over whether investors are gaining diversification or merely holding different versions of the same risk trade. Live market data showed Bitcoin, Ethereum, XRP, BNB, Solana, Dogecoin, Tron and Hyperliquid’s HYPE controlling roughly $1.74 trillion in combined […]

Global equities advanced after weaker US employment figures reduced expectations of an imminent Federal Reserve rate increase, pushing investors back into risk assets while lifting gold and easing pressure on the dollar. The rally followed the June employment report, which showed non-farm payrolls rising by 57,000, well below market expectations of roughly 110,000. The unemployment rate eased to 4.2 per cent, but the decline was clouded by […]

New Delhi and Bamako have opened a structured export forum aimed at expanding bilateral trade, drawing investment into priority sectors and giving businesses from both countries a clearer route into West African and South Asian markets.

The inaugural India–Mali Forum for the Promotion of Exports was held in Bamako under the theme “Reinforcing Trade and Strategic Partnerships”, bringing together senior officials, export agencies and about 30 business leaders from India. The two-day initiative marks an attempt to move commercial engagement beyond commodity flows and towards sector-specific projects in cotton, mining, energy, pharmaceuticals, agro-processing, health and education.

The forum was jointly organised by Mali’s Ministry of Industry and Trade, the Embassy of India in Bamako and the Malian Agency for the Promotion of Exports. It was presided over by Mali’s Transition Government Prime Minister, Major General Abdoulaye Maïga, with the delegation from India led by Amit Kumar, Joint Secretary for FT-Africa in the Department of Commerce. Dr N. Nandakumar, Ambassador of India to Mali, represented the mission through the proceedings.

Bilateral trade crossed $326.61 million in 2025–26, a 55 per cent increase over the previous financial year. Mali’s exports to India include raw cotton, finished leather, cashew, lead, gum arabic and sesame. India’s exports to Mali include pharmaceuticals, cotton fabrics, two-wheelers, three-wheelers and bicycles. Officials see the current trade base as narrow but expandable, particularly because Mali’s global exports stand at about $4 billion and its untapped export potential in the market of India is estimated at nearly $3.96 billion.

The Duty-Free Tariff Preference Scheme has been a central driver of trade growth, offering least developed countries preferential access to the market of India. For Mali, the scheme provides a policy opening at a time when Bamako is seeking to diversify export destinations and reduce dependence on raw commodity shipments. For New Delhi, the forum fits a wider push to deepen commercial links with Africa through trade facilitation, capacity building and private-sector participation.

Business-to-business, business-to-government and government-to-government meetings formed the operational core of the forum. Exhibition stands featured products from both countries, including tractors and vehicles manufactured by Sonalika, Mahindra and Tata Motors. The format was designed to connect firms with regulators, identify bankable projects and address procedural bottlenecks that often slow trade between developing markets.

Mali presented ready-made business plans to potential investors and placed emphasis on agro-industry, shea processing, mining-linked services, renewable energy and social infrastructure. The country is seeking more value addition in cotton and agricultural commodities rather than relying mainly on exports of raw or semi-processed products. Cotton remains a significant sector for Mali, while shea, sesame, cashew and gum arabic offer scope for processing, branding and direct export partnerships.

Pharmaceuticals emerged as another key area. Mali sought quicker registration of approved products from India, a move that could expand access to affordable medicines and medical supplies. Health and education infrastructure were also discussed as areas where companies and institutions could provide services, equipment and training support.

The mining dimension is more complex. Mali is one of Africa’s leading gold producers and is working to tighten oversight of its precious metals trade after identifying large gaps between declared exports and import data reported by partner countries. A new state entity has been created to centralise and regulate precious-substances flows, reflecting Bamako’s effort to capture more value from gold and reduce informal trade. Industrial mines export about 60 tonnes of gold annually, while artisanal mining employs nearly 2 million people across hundreds of sites.

Security remains a central concern for investors. Mali has faced instability and militant violence, and economic assets have been among the risks flagged by foreign governments and companies. Earlier this year, security concerns stalled participation by government-backed firms from India in a Russian-backed lithium exploration project in Mali. That episode underlined the challenge of matching mineral ambitions with investor confidence.

The Ebola outbreak in the Democratic Republic of Congo is turning into a wider economic emergency, with the United Nations Development Programme warning that the crisis could cost African economies up to $3.6 billion and put about 328,000 jobs at risk if transmission spreads beyond the current hotspots. The warning has sharpened concern that a public-health crisis driven by the Bundibugyo strain, for which there is no […]

Over Ten Thousand International Delegates Gather in Hong Kong Confirming City’s Status as World’s Meeting Place

HONG KONG SAR – Media OutReach Newswire – 4 July 2026 – The Hong Kong Tourism Board is proud to support the 108th Lions International Convention 2026 in Hong Kong. Having previously hosted the convention in 1992 and 2005, Hong Kong has once again been chosen by Lions Clubs International as the venue for its flagship event, attracting around 17,000 delegates from across the globe. Hong Kong has thus become one of the very few cities among more than 200 Lions member countries and regions worldwide to have secured hosting rights three times. This underscores Hong Kong’s status and appeal as the Events Capital of Asia and the World’s Meeting Place.

The opening ceremony was attended by more than 10,000 representatives from Lions Clubs worldwide.
The opening ceremony was attended by more than 10,000 representatives from Lions Clubs worldwide.

Hosting Same High-Profile Event for the Third Time Cements Hong Kong’s Title as Asia’s World City

HKTB Chairman Dr Peter Lam said, “HKTB is delighted to partner with the Lions Clubs International District 303 Hong Kong and Macao, China, to bring this Convention to Hong Kong for the third time. Its return affirms Hong Kong’s position as the World’s Meeting Place and a top-of-mind destination for MICE tourism. It also showcases Hong Kong’s integrated strengths in world-class MICE infrastructure, global aviation connectivity, diverse and distinctive tourism offerings, and quality hospitality services. These are the key factors in attracting international MICE events and encouraging business travellers to return time and again. We extend our warmest welcome to Lions from around the world and, together with our industry partners, have curated exclusive itineraries and experiences to encourage delegates to stay longer and discover the unique appeal that can be found only in Hong Kong.”

HKTB Chairman Dr Peter Lam delivered the opening remarks at the 108th Lions International Convention, held at AsiaWorld-Expo.
HKTB Chairman Dr Peter Lam delivered the opening remarks at the 108th Lions International Convention, held at AsiaWorld-Expo.

Lions Clubs International is one of the world’s largest service organisations, with more than 1.4 million members and around 50,000 district clubs across over 200 countries and regions. Since 1917, the organisation has supported communities worldwide through a wide range of social service and community aid initiatives.

Lions International Convention 2026 Honorary Chairman and Past International President Dr Tam Wing-kun said, “Hong Kong is an international metropolis where Eastern and Western cultures converge. With its well-developed professional services and comprehensive MICE infrastructure, Hong Kong is an ideal host for this international mega event. I am delighted that the Convention has returned to Hong Kong. This year’s edition will provide Lions from all corners of the world with a broad and diverse platform to explore the future development of international services. Delegates will also be able to experience first-hand Hong Kong’s world-class cuisine and rich cultural appeal. I am confident they will be the best ambassadors possible when they return home, telling the good stories of Hong Kong to the world.”

Lions Attempt Tai Chai World Record in Hong Kong
The 108th Lions International Convention is being held for five consecutive days from 3 to 7 July at AsiaWorld-Expo. To celebrate its return to Hong Kong and promote traditional Chinese culture, the organiser will attempt to set a world record with thousands of international Lions practising Tai Chi simultaneously. The activity aims to promote exercise for all and deepen participants’ understanding of the Sustainable Development Goals, creating a meaningful finale to the convention.

HKTB Teams Up with the Trade to Offer Unforgettable Cultural Tourism Experiences

As a supporting organisation of the 108th Lions International Convention, HKTB has teamed up with the local travel trade and major attractions to curate a series of exclusive tourism itineraries and offerings for convention delegates. These include transport offers, attraction tickets and shopping mall discounts, gift redemptions, and theme park deals to encourage delegates to stay in Hong Kong after the convention and explore more of the city’s diverse culture, cuisine, and unique tourism appeal.
HKTB will continue to bring more influential large-scale international MICE events to Hong Kong, further strengthening the city’s competitiveness and appeal as world-class, top-of-mind destination for both business and leisure tourism.

Hashtag: #MEHK #MeetingsandExhibitionsHongKong #HongKong #MICE #Lions #LionsInternationalConvention2026


The issuer is solely responsible for the content of this announcement.

Adani Enterprises has expanded its qualified institutional placement to ₹150 billion after demand from large investors exceeded the original ₹100 billion target, giving Gautam Adani’s flagship company a sizeable pool of equity capital for its next phase of infrastructure and industrial expansion.

The share sale, opened to institutional investors this week, drew bids of about ₹380 billion, or roughly 3.8 times the base offer. The indicative price was set at ₹2,883 a share, below the regulatory floor price of ₹3,034.68 and at a discount to the stock’s previous close, reflecting the typical pricing structure used to secure large-block institutional participation.

The enlarged issue marks one of Adani Enterprises’ biggest equity-raising exercises since the group was hit by a market rout in 2023 following allegations by US short-seller Hindenburg Research. The conglomerate denied wrongdoing, and group companies have since rebuilt access to capital through a mix of equity, debt, asset recycling and strategic partnerships.

The strong response to the placement signals that institutional investors are again willing to back the group’s growth strategy, even as they continue to price in governance, leverage and execution risks. The investor book included global funds and domestic asset managers, with demand high enough for the company to lift the deal size by 50 per cent.

Adani Enterprises is the incubator of the group’s newer businesses. Its portfolio spans airports, roads, data centres, green hydrogen, mining services, defence, solar manufacturing and other infrastructure-linked ventures. The company has been central to the group’s plan to build large operating platforms before eventually listing or separating mature units.

The latest fundraising comes as the group accelerates capital spending across transport, energy transition and materials. Its airports business operates eight airports and is preparing for the opening of Navi Mumbai International Airport, a project expected to strengthen the group’s presence in aviation infrastructure. Data centres and green hydrogen remain capital-intensive bets that require long gestation funding and steady access to institutional capital.

The timing also follows Adani Enterprises’ rights issue of about ₹250 billion completed in late 2025, which was oversubscribed. That offer was used to support capital expenditure, debt repayment and shareholder loan obligations. The new placement gives the company additional flexibility at a time when infrastructure companies are competing for long-duration capital amid rising demand for logistics, power, digital infrastructure and manufacturing capacity.

The share sale is also significant because it reduces reliance on borrowings for the next leg of expansion. Equity funding can ease pressure on balance sheets and improve investor perception of leverage, particularly for companies pursuing several projects at once. At the same time, the discounted pricing means some dilution for existing shareholders, a common trade-off in large institutional placements.

Market reaction was measured. Adani Enterprises shares initially faced pressure after pricing details emerged but later stabilised, suggesting investors had largely anticipated a discount. The stock has recovered substantially from its 2023 lows, though it remains closely watched because of the group’s debt profile, promoter holdings and regulatory scrutiny around past allegations.

The company’s investment cycle has broadened further with plans linked to a major aluminium project in Odisha in partnership with Abu Dhabi’s International Holding Company. The proposed project, valued at about $11.5 billion, is expected to include bauxite mining, alumina refining, aluminium smelting and downstream capacity. The partnership underscores the group’s continuing effort to deepen industrial manufacturing alongside infrastructure.

IHC has been a notable backer of the group through periods of market volatility. Its involvement provides strategic weight to Adani’s expansion into metals, a sector that requires heavy upfront investment, access to raw materials, power security and strong execution discipline. Aluminium demand is being driven by transport, packaging, power transmission, construction and renewable energy infrastructure.

Adani Enterprises’ fundraising also fits a broader trend across the equity market, where companies have used qualified institutional placements to raise growth capital while valuations remain supportive. QIPs allow listed companies to place shares with large investors without the longer timelines associated with some other public offerings. For issuers, the format is faster; for institutions, it provides access to sizeable allocations in liquid companies.

Arabian Post Staff -Dubai The UAE’s non-oil private sector came close to stalling in June as the impact of the Iran conflict, softer tourism activity and cost pressures hit client demand, leaving firms with the weakest improvement in business conditions since February 2021. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index fell to 50.8 in June from 52.6 in May, staying only slightly above the 50 […]

Gulf banking systems remain well placed to absorb near-term shocks from the US-Iran conflict, but their credit strength is now tied closely to whether the ceasefire holds and whether the Strait of Hormuz returns fully to dependable commercial use. Fitch Ratings says the durability of the truce between Washington and Tehran will be central to the outlook for banks across the Gulf Cooperation Council, where lenders entered […]

Dubai’s off-plan office market surged to a record AED13.1 billion in the first half of 2026, surpassing the combined value of transactions recorded across the previous seven years and signalling a decisive shift in the emirate’s commercial property cycle. Developers sold 1,668 off-plan office units between January and June, compared with AED5.48 billion generated from 1,821 transactions between 2019 and 2025. The jump reflects a sharp acceleration […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA