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Asia’s First Alternative Financing Initiative Aims to Provide More Growth Opportunities for ESG-Focused SMEs Globally SINGAPORE – Media OutReach – 5 October 2021 – Global invoice financing marketplace, Incomlend, has partnered with European alternative asset manager, Fasanara Capital, to launch a global US$60 million alternative financing programme for Small and Medium Enterprises (SMEs) focused on Environment Social, and Governance (ESG). The new initiative, named Incomlend ESG Invoice Financing Programme, […]

Arabian Post Staff  During September, the Dubai Gold and Commodities Exchange (DGCX) once again registered a high monthly Average Open Interest (AOI), amounting to 154,629 contracts. Open interest is an indicator of the total number of futures contracts held by market participants at the end of the trading day – and the significant increase over the last few months reflects a growing appetite from market participants. Following […]

The opening ceremony of the Viet Nam Pavilion was held in spectacular fashion on October 1 at the Expo 2020 Dubai. HANOI, VIETNAM – Media OutReach – 4 October 2021 – Attending the event were Prof. Dr. Ta Quang Dong, Deputy Minister of Culture, Sports and Tourism; Mr. Nguyen Manh Tuan, the Ambassador of Viet Nam to the UAE; Mrs. Nguyen Phuong Hoa, Commissioner General of Viet Nam […]

Arabian Post Staff Expo 2020, which just got under way with the kind of fanfare typically characteristic of Dubai, is expected to lead to a significant rebound in tourism and other domestic economic activities. The prestigious show is also expected to greatly add to the emirate’s attraction for highly skilled professionals and support private sector employment, increase trade and foreign investment, and harness the benefits of technology, […]

Matein Khalid Brazil stock market performance unfortunately vindicates General Charles de Gaulle’s morose prediction “Brazil is a country of the future and always will be”. In my Wall Street salad days, we were neurologically programmed to buy Brazilian equities when crude oil/soft commodities price boomed, when the global economic growth was in acceleration mode and when a right wing pro-Uncle Sam President with close ties to the […]

Arabian Post Staff IMF has forecast a gradual recovery by the UAE economy in 2021, supported by the country’s early and strong health response, continued supportive macroeconomic policies, and rebound in tourism and domestic activity related to the delayed Expo 2020. The Fund expects non-oil GDP growth to exceed 3 percent this year, and to improve further in the medium-term, while oil GDP will continue to grow […]

SINGAPORE – Media OutReach – 1 October 2021 – LCH, a leading global clearing house, has announced that its SwapClear service is preparing to extend its traditional operating hours to 24 hours a day, five days a week in March 2022. This will better support market participants in the Asia Pacific region and will be implemented in two phases.   As part of the first stage of […]

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KUALA LUMPUR, MALAYSIA – Media OutReach – 1 October 2021 – Global broker OctaFX released the final episode of their YouTube interview project ‘Honest Stories of Success’. The interviews showcased the success stories of Malaysia’s prominent people as they actually happen, unfiltered. However, the project had more to it than famous people revealing the ups and downs of their career journeys. It provoked a unique dialogue between Malaysian traders who […]

HONG KONG SAR – Media OutReach – 28 September 2021 – Lenovo™ today announced that ThinkSmart™ Core is now available in Hong Kong. As a collaborative solution built for the next phase of hybrid work, ThinkSmart Core is Lenovo’s first modular room kit for meeting spaces that enables both flexibility and scalability, powered by the 11th Gen Intel vPro® platform designed to deliver high performance and comprehensive hardware-based security features. […]

NetApp ranked first in All-Flash Array and Open Networked market share by vendor revenue in Taiwan, and first in All-Flash Array market share by vendor revenue in both India and Hong Kong, for Q2 2021 SINGAPORE – Media OutReach – 28 September 2021 – Global cloud-led, data-centric software company NetApp (NASDAQ: NTAP) today announced that it has achieved double-digit percentage growth, year-on-year, in the All-Flash Array (AFA)[1] and Open Networked[2] […]

Arabian Post Staff Dubai’s non-oil external trade surged 31 percent in the first half of 2021 to reach AED722.3 billion from AED550.6 billion in the corresponding period in 2020. Exports grew 45 percent year on year (YoY) in H1 2021 to AED109.8 billion from AED75.8 billion, which supports the goal of the 10 x 10 programme (one of the nation’s ‘Projects of the 50’ initiatives) to increase […]

James M Dorsey A year of diplomatic relations between the United Arab Emirates and Israel has proven to be mutually beneficial. The question is whether the assumptions underlying the UAE’s initiative that led three other Arab countries to also formalise their relations with the Jewish state will prove to be correct in the medium and long term. UAE Crown Prince Mohammed bin Zayed laid out the strategic […]

Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economic free zone in Dubai. The Dubai World Trade Centre Authority (DWTCA) announced Wednesday that it had signed an agreement with the UAE’s Securities and Commodities Authority (SCA) to support the regulation and trading of crypto assets within the DWTCA free zone. The new initiative establishes a framework enabling […]

HONG KONG SAR – Media OutReach – 23 September 2021 – MOVE Network is thrilled to announce a strategic investment and cooperation agreement with AVATAR（Avalanche Asia Star Fund). MOVE Network will work with AVATAR to deploy NFT, DeFi, GameFi and metaverse functions on the Avalanche (AVAX) eco-system. “We see NFTs as the gateway to creating a multilayered metaverse. DeFi + NFT creates a new NFTFi industry. We aim to pioneer this […]

Record number of participants in Bybit’s World Series of Trading (WSOT) 2021 drove up total prize pool to a historic $4.09 million, up from last year’s $1.27 million 매억남 secured No.1 title as captain of top troop 유튜브매억남 with a staggering 2,044.90% P&L, followed by 금융인 강은호 (1,774.84% P&L) and PepeCup Army (1,417.15% P&L) A star-studded cast from the esports world: gaming legends from four elite esports […]

Matein Khalid My call to buy the US stock market last night when the Dow was down 850 to 950 points is a money maker for now, as the Dow futures are up 250 points in the pre-market after an incredible 300 point rally in the last hour of trading on the NYSE last night. Faint heart never won fair lady or sold index put spreads at […]

CTBC Bank has gone live as a client clearing FX derivatives at LCH UBS acted clearing broker for the trade ForexClear’s continues to grow its client base in Asia and globally – members and clients of ForexClear benefit from enhanced risk management, as well as margin, capital and operational efficiencies Implementation of phase 5 of the uncleared margin rules (UMR) took effect from September 2021, impacting firms […]

Matein Khalid I came into our latest mini Black Monday with a large net short position in my global equities portfolio and thus feel vindicated, because I had warned my friends on LinkedIn (https://lnkd.in/d6Dy3rEC) to beware a post Labour Day hit on major US equities indices. In fact, I had given 10 reasons why the US stock market was primed to tank and one of these reasons […]

As retail sales steadily recover, Chinese Expats have renewed their strong shopping sentiment with 63% spending more post COVID-19: EternityX survey reveals. SINGAPORE – Media OutReach – 20 September 2021 – With the government gradually easing border restrictions under COVID-19, businesses have been looking at new ways to capture opportunities in the local market over the course of the pandemic in order to generate positive momentum. Chinese expats in […]

James M Dorsey Indonesian religious affairs minister Yaqut Cholil Qoumas set the bar high for President Joko Widodo as well as Nahdlatul Ulama, the religious backbone of Mr. Widodo’s government when he laid out the agenda for his country’s presidency of the Group of 20. The G20 groups the world’s largest economies. Speaking to the G20 Interfaith Forum in Bologna as Italy prepared to handover its presidency to […]

SINGAPORE – Media OutReach – 17 September 2021 – Bybit, a popular platform for crypto lovers around the globe, has announced today its token launch site Bybit Launchpad. The first new token to feature on Bybit Launchpad will be $BIT.   Introducing Bybit Launchpad   Bybit Launchpad is designed to help connect innovative crypto projects and users who may be interested to gain exposure to promising projects, while protecting users […]

HO CHI MINH CITY, VIETNAM – Media OutReach – 17 September 2021 – Proparco, the French Development Finance Institution, has granted a US$50 million loan to HDBank to finance green projects and promote sustainable development in Vietnam. It marks the first collaboration between Proparco and HDBank. A pioneer in green lending, HDBank has in past years helped foster Việt Nam’s economic development while minimising the impacts on the environment. The loan will […]

NGO Enterprise Asia picks Prince Group in Cambodia for Social Empowerment award; Organizer receives more than 500 entries PHNOM PENH, CAMBODIA – Media OutReach – 17 September 2021 – Prince Holding Group (“Prince Group”), one of Cambodia’s largest and fastest growing conglomerates, has been recognized for responsible entrepreneurship at the 2021 Asia Responsible Enterprise Awards (AREA). Prince Group was commended for its high-impact work during the COVID-19 epidemic in Cambodia. […]

Matein Khalid The sheer scale of the Federal Reserve’s post-Lehman quantitative easing experiment can be gauged by the fact that its balance sheet is now $8.3 trillion or 1/3 the American GDP. In contrast, on the eve of Lehman Brothers failure on 15 Sept 2008, The Fed’s balance sheet was a mere $900 billion. Yet the Bernanke Fed’s revolutionary experiments in monetary policy applied by J. Powell […]

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