Arabian Post Staff -Dubai Hafeet Rail has begun laying tracks on the planned UAE-Oman railway, moving the Gulf’s first cross-border rail link from heavy civil construction into a more visible phase of delivery as the two countries seek to deepen trade, tourism and logistics ties. The 238-kilometre railway, being developed by Hafeet Rail, will connect Sohar Port with Abu Dhabi through Al Ain and Al Buraimi, linking […]
Dubai WoodShow 2026 opened with deals worth more than AED150 million, strengthening the exhibition’s role as a regional marketplace for timber, woodworking machinery, furniture inputs and advanced manufacturing technology. The three-day trade event, running from 22 to 24 June at Dubai World Trade Centre, has drawn more than 400 exhibitors from over 45 countries, with more than 600 international brands and five country pavilions. The opening-day transactions […]
Standard Chartered is exploring the sale of its wealth and retail banking business in Bahrain, extending a wider reshaping of its consumer operations as the London-headquartered lender concentrates capital on larger cross-border and affluent-client franchises. The review applies only to the bank’s wealth and retail banking operations in the kingdom. Its corporate and investment banking business in Bahrain will continue unchanged, preserving the group’s institutional presence in […]
XRP slipped towards the lower end of its three-week trading band as weak turnover, softer derivatives positioning and fading momentum left traders focused on the $1.05-$1.10 support zone as the market’s decisive near-term test. The token traded near $1.10 on Tuesday, down about 3 per cent over 24 hours and more than 10 per cent over the week, with its market value hovering around $68 billion to […]
Arabian Post Staff -Dubai Oman is weighing a ban on social media access for children under 16 as its telecoms regulator seeks public feedback on draft rules designed to tighten online safety, curb harmful exposure and define the duties of digital platforms. The Telecommunications Regulatory Authority has opened a consultation on the proposed framework, inviting parents, experts, educators, technology companies and the wider public to submit views […]
Abu Dhabi sovereign investor Mubadala is reviewing a potential commitment to a private equity project fund seeking to acquire control of MNC Solution, a listed South Korean defence components maker, in a deal that would deepen Gulf exposure to Seoul’s expanding weapons supply chain. The proposed investment would be made through a fund being assembled by Korea Investment & Securities Co. Partners Private Equity Division, which was […]
Emaar Properties has pushed back the tendering process for Dubai Creek Tower by about three to four months, delaying the next major step in one of Dubai’s most closely watched landmark projects as port closures disrupt construction-material costs and pricing assumptions. The postponement affects the main tender for the redesigned tower at Dubai Creek Harbour, a project that has been on the market’s radar since its original […]
Arabian Post Staff -Dubai U. S. Secretary of State Marco Rubio will travel to the United Arab Emirates, Kuwait and Bahrain from June 23 to 25 as Washington moves to reassure Gulf partners over a preliminary accord with Iran that has stirred unease across the region. The visit marks the Trump administration’s most direct diplomatic push to explain the terms of the framework to close allies whose […]
United States and Iranian negotiators ended their first round of high-level talks in Switzerland on Monday with an agreement to pursue a final settlement within 60 days, easing immediate fears of a wider regional confrontation after a volatile opening shaped by threats, maritime disruption and pressure from Gulf mediators. A joint statement by Qatar and Pakistan said the two sides had accepted a roadmap for technical negotiations, […]
Arabian Post Staff -Dubai Qatar’s Barzan gas facility was hit by an explosion and fire during start-up operations on Sunday, injuring 54 people and leaving 18 missing at Ras Laffan Industrial City, the country’s strategic energy hub north of Doha. Emergency teams brought the blaze under control after the blast, while search and rescue operations continued around the affected section of the plant. Authorities described the incident […]
Abu Dhabi Investment Authority has emerged among institutional buyers in a ₹777 crore open-market transaction involving a 7.3 per cent stake in Corona Remedies, marking another Gulf-linked investment in the country’s fast-growing listed pharmaceutical space. The transaction was executed through block deals on the National Stock Exchange at ₹1,730 per share, with shares sold mainly by Sepia Investments, an affiliate of ChrysCapital, and Anchor Partners. ADIA purchased […]
Abu Dhabi National Oil Company has opened another spot crude tender, offering buyers the option to load cargoes inside the Strait of Hormuz as Gulf exporters test confidence in a shipping route still shadowed by security, insurance and transit concerns after an interim U. S.-Iran peace arrangement. The tender, issued on Friday, covers Upper Zakum, Umm Lulu and Das crude for June, July and August loading, with […]
Arabian Post Staff -Dubai Iran’s Strait of Hormuz regulator has suspended planned transit charges for 60 days, easing immediate pressure on shipowners as Tehran and Washington enter a negotiation window under a memorandum of understanding signed this week. The Persian Gulf Strait Authority said on Friday that vessels seeking passage through the waterway must submit transit requests at least 48 hours before arrival while the interim arrangement […]
Iran has moved to impose a new authorisation regime over the Strait of Hormuz, saying vessels must secure permission and mandatory insurance before crossing the world’s most sensitive energy chokepoint, even as Washington said about 20 ships had quietly sailed through the waterway. The measure, framed by Tehran as a safety and liability requirement, has raised alarm across shipping, insurance and energy markets because it appears to […]
Dubai’s commodities market is preparing to launch a same-day physically settled gold contract, giving bullion dealers, refineries and institutional traders a regulated route to execute, clear and settle physical gold transactions within a single trading day. The Dubai Gold and Commodities Exchange will introduce its Gold Spot T+0 Contract on Monday, 22 June, positioning the emirate as one of the few global centres offering exchange-based same-day settlement […]
Cybersecurity investigators have exposed a cryptocurrency theft campaign that used fake GitHub popularity, AI-narrated YouTube videos, manipulated download figures and favourable platform comments to make malicious software appear safe before victims installed it. The operation centred on a Rust-based clipboard hijacker, known in cybercrime circles as a clipper, that monitors copied wallet addresses and silently replaces them with addresses controlled by the attacker. The malware was built […]
Dubai’s main commodities exchange is preparing to launch a same-day settlement gold contract on Monday, seeking to strengthen the emirate’s role in bullion trading as investors, dealers and refineries demand faster execution, tighter price certainty and reliable access to physical delivery. The Dubai Gold and Commodities Exchange, part of Dubai Multi Commodities Centre, will introduce the Gold Spot T+0 Contract for bullion dealers, refineries, brokers, clearing members […]
By R. Suryamurthy India’s economy is supposedly doing remarkably well. Growth remains among the fastest in the world. Stock markets continue to flirt with record highs. Billionaires are multiplying. Airports are expanding. Bullet trains are advancing. Defence exports are reaching new milestones. The nation is speaking confidently about becoming a $10 trillion economy and a […]
The article The Great Dichotomy Of The Growing Indian Economy Haunts Millions appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Welcoming the report, a spokesperson for the Hong Kong Special Administrative Region (HKSAR) Government said, “The World Competitiveness Yearbook (WCY) 2026 reaffirms Hong Kong as one of the most competitive economies in the world, and notes that Hong Kong’s rise to second sustains the strong upward trajectory from 2024 and 2025.”
In announcing the results, the IMD noted that, amid rising geopolitical tensions, competitive advantage hinges on credible institutions, predictable rules, enforceable commitments and public trust.
According to WCY 2026, Hong Kong’s rise reflects sustained performance across the four competitiveness factors measured. Among these factors, Hong Kong ranks second in “Government efficiency” and third in “Business efficiency”. “Infrastructure” and “Economic performance” rank eighth and 11th respectively.
As regards the various competitiveness sub-factors, Hong Kong tops the rankings in “Tax policy” and “Business legislation”, ranks second in “Finance”, third in “International trade”, “International investment”, “Management practices” and “Education”, and fourth in “Public finance” and “Basic infrastructure”.
“In the competitiveness factor ‘Government efficiency’, Hong Kong continues to rank second globally, reflecting the HKSAR Government’s ongoing efforts to promote free and open, stable, predictable and business-friendly economic policies, as well as the international community’s trust in Hong Kong’s legal and regulatory environment,” the spokesperson said.
“Hong Kong’s ‘Business efficiency’ is ranked third globally, reflecting the strong support for industry development rendered by our robust financial ecosystem, as well as the seamless alignment of the city’s business practices and environment with international best standards.”
Amid rapidly evolving geopolitical dynamics, Hong Kong, with its close connectivity to both the Chinese Mainland and the world under the “one country, two systems” principle, and its sound institutions, open markets and sustained investments in innovation, has become a “value hub” that offers both security and growth opportunities.
In fact, Hong Kong continues to excel in various international rankings including those for economy, finance, and talent. The International Monetary Fund has also given positive recognition to Hong Kong in recent months, and major credit rating agencies have successively reaffirmed Hong Kong’s credit ratings and ‘stable’ outlook.
“All these echo the WCY 2026 results,” the spokesperson said.
Currently, Hong Kong is formulating at full speed its first Five-Year Plan, to proactively align with the National 15th Five-Year Plan.
“With the staunch support of our country, the HKSAR Government will work together with all sectors of society to strengthen our role and function as a ‘super connector’ and ‘super value-adder’, with a view to better integrating into and serving the overall national development, achieving our own high-quality development, creating more new room for development for our people and businesses, as well as opening up new opportunities for global investors and enterprises,” the spokesperson said.
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Washington and Tehran have published the text of an interim agreement signed by their presidents to halt a wider Middle East war, even as President Donald Trump warned that the United States could resume strikes and target Iranian officials if Tehran failed to meet its commitments. The 14-point memorandum, signed on Wednesday by Trump and President Masoud Pezeshkian, extends an earlier ceasefire for 60 days and opens […]
Gulf economies are forecast to stage a sharp rebound in 2027 after a conflict-driven contraction this year, as energy exports recover, travel demand returns and business confidence improves across the six-member Gulf Cooperation Council. The latest ICAEW-Oxford Economics Economic Insight report projects GCC gross domestic product to shrink 2.4 per cent in 2026, before expanding 8.1 per cent in 2027. The forecast marks one of the starkest […]
SINGAPORE – Media OutReach Newswire – 18 June 2026 – After more than two decades of delivering enterprise-grade software engineering and digital transformation solutions to multinational corporations and leading Japanese enterprises, Luvina Software Singapore today officially launches its operations in Singapore, marking a significant milestone in its global growth strategy and reinforcing the Republic’s role as a regional hub for advanced technology, artificial intelligence (AI) and digital innovation.
Established as a strategic joint venture between Luvina Software Vietnam and Singapore-based consulting firm GleamCore, Luvina Software Singapore aims to serve as a trusted gateway for organisations seeking high-quality, scalable and cost-efficient digital transformation solutions across the Asia Pacific region and beyond. The official inauguration was commemorated in the presence of Mr Cao Xuan Thang, Commercial Counsellor and Head of the Vietnam Trade Office in Singapore, alongside other senior representatives from the Embassy of Vietnam in Singapore, including senior diplomatic and trade officials, as well as strategic partners, enterprise leaders and key stakeholders from Singapore’s technology ecosystem.
The Singapore office represents a strategic move to bridge a growing gap in the digital economy, where organisations are under mounting pressure to modernise legacy systems, adopt AI and scale technological capabilities amid rising costs and talent shortages.
As businesses worldwide accelerate digitalisation, Singapore has emerged as one of the world’s most trusted technology ecosystems and a strategic gateway between East and West, with strong global connectivity, a highly developed regulatory environment and growing leadership in AI and Smart Nation initiatives.
Luvina Software’s decision to establish a presence in Singapore comes amid growing demand for trusted technology partners capable of delivering measurable outcomes. While many businesses prioritise digital transformation, organisations continue to face barriers including high implementation costs, delivery quality consistency, fragmented technology ecosystems and shortages in specialised engineering talent.
Singapore’s investments into frontier technologies, including more than S$1 billion committed towards National AI Research & Development between 2025 and 2030, further reinforce the nation’s position as a trusted global AI hub and a launchpad for regional and international expansion.
Founded in 2004 in Hanoi, Vietnam, Luvina Software has grown into a globally trusted software engineering company with over 750 employees, 1,000+ projects delivered, and more than 110 enterprise clients worldwide across sectors including insurance, banking, healthcare, manufacturing and retail. Impressively, 95% of its clients have remained with the company for at least a decade, underscoring its longstanding reputation for consistency, quality and reliability.
Luvina Software also operates delivery centres in Hanoi, Da Nang and Ho Chi Minh City, alongside international footprints in Japan, the United States and now Singapore, enabling seamless hybrid and offshore delivery models for clients across global markets.
Its long-standing experience serving discerning Japanese corporations has shaped a delivery philosophy rooted in precision, accountability and rigorous governance, supported by globally recognised certifications including ISO 27001 and CMMI Level 3 for both Services and Development.
At the heart of Luvina Software Singapore’s proposition is a unique operating model that combines Singapore-based strategic advisory and governance with Vietnam’s large-scale engineering capability, allowing enterprises to modernise systems and accelerate innovation without compromising quality or control.
The company’s core focus areas include:
Through its AI-enabled Offshore Development Centre (ODC) model, Luvina integrates AI-assisted software engineering into software planning, coding, testing and deployment, helping organisations accelerate delivery timelines, reduce inefficiencies and improve operational scalability while maintaining strict governance and quality assurance.
Rather than merely acting as a software vendor, Luvina positions itself as a long-term transformation partner, offering end-to-end accountability from technology strategy and implementation to long-term support and optimisation.
As part of its Singapore growth strategy, Luvina Software Singapore intends to work closely with solution providers, system integrators, professional service firms, venture capital and private equity firms, as well as enterprises seeking to co-develop scalable digital products for regional and international markets.
The company has already secured momentum in the Singapore market, having acquired more than a dozen local projects, with plans to further expand its presence across Southeast Asia, Australia and Europe in subsequent phases of growth.
Among its growing portfolio of clients are Nomura Research Institute Ltd., Japan’s largest economic research, management consulting and IT systems integration firm; CRESCO Ltd., a prominent Japanese IT systems integrator and software development company; and CRESCO Vietnam Co. Ltd., the Vietnam subsidiary of the CRESCO Group providing offshore development and IT solutions for Japanese enterprises. The portfolio also included Soliton Systems K.K., a specialist in cybersecurity, identity management, and secure access technologies, reinforcing Luvina Software Singapore’s reputation as a trusted technology partner for enterprise transformation and high-performance software delivery.
Mr Le Quang Luong, Co-Founder and CEO of Luvina Software, said, “Singapore represents not only a new market for us but it’s also a strategic gateway for how we intend to co-create the future of enterprise technology across the region. As organisations face mounting pressure to modernise, adopt AI and scale with confidence, businesses do not simply need more technology vendors; they need trusted partners who can bridge strategy, execution and measurable outcomes.”
“Through Luvina Software Singapore, we bring together Singapore’s global connectivity and governance strengths, Vietnam’s engineering excellence, and Japan’s deeply rooted standards of quality and reliability to help organisations transform with greater speed, confidence and accountability. Ultimately, we are here to turn complex work into outcomes businesses can count on,” added Mr Ethan Lim, CEO of Luvina Software Singapore.
Looking ahead, Luvina Software Singapore intends to deepen its role in helping enterprises modernise legacy systems, accelerate AI adoption and co-develop scalable digital solutions that can be commercialised globally, reinforcing Singapore’s role as a strategic innovation hub for the region.
For more information, please visit: www.luvina.net
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Luvina Software Singapore is the Singapore arm of Luvina Software, a Vietnam-founded enterprise software engineering and digital transformation company with more than 20 years of experience serving multinational corporations and leading Japanese enterprises. Established as a strategic gateway to the Asia Pacific market, Luvina Software Singapore provides AI-powered digital transformation, enterprise systems modernisation, cloud engineering, managed services and high-performance engineering capacity enablement.
Combining Singapore-based strategic advisory and governance with Vietnam’s engineering excellence, Luvina Software Singapore helps businesses accelerate innovation, modernise systems and scale with confidence.
A session titled Seafood in the Spotlight: Trust. Taste. Tomorrow’s Consumer will present findings from a GlobeScan bi-annual survey commissioned by the Marine Stewardship Council (MSC), tracking consumer attitudes across 20+ global markets. Fresh from its debut at Seafood Expo Global in April, the research lands in Singapore at a critical moment. Attendees will explore how rising sustainability expectations, cost-of-living pressures and shifting retail dynamics are reshaping purchasing decisions and what it takes to build durable consumer trust.
The most pressing issues facing the Asian shrimp trade will be discussed in a session around rebalancing export-dependent supply as demand and price signals shift across major markets. Amid reduced China import pull, elevated US tariffs and uneven farm output trends, these forces are already reshaping trade flows, pricing power and production planning decisions and will determine which Asian producers can protect margins and maintain market access in 2026–2027.
Innovation & Technology
A panel of industry insiders will discuss the rapid rise of recirculating aquaculture systems across the region in RAS Fish Farming: Why is Asia Leading the Way. The panel will deliver an honest assessment of real-world challenges alongside compelling results already being achieved in markets across Asia, and what this leadership position means for the future of sustainable fish production worldwide.
A session around Asia’s growing demand for seafood processing will discuss how advanced automation, productivity gains and a sharper focus on consumer trends are significantly changing the industry across Asia. Challenging market conditions are driving the industry to rethink the future of the processing environment, with innovative tools and precise systems now enabling processors to optimize resource utilization and promote sustainability to drive maximum profit. The session features Marcel Franz, Managing Director of BAADER Asia and Nils Rabe, Global Sales Director Fish at BAADER.
Eric Enno Tamm, CEO of ThisFish Inc. will map the practical and transformative applications of AI across seafood supply chains in The Definitive Guide to AI & the Tuna Value Chain. From machine learning and computer vision to generative AI and AI agents, Tamm will outline how these technologies are already reshaping operations and offer a forward-looking vision of what an AI-optimized tuna value chain could look like from boat to plate.
Food Integrity & Digital Resilience
FAO GLOBEFISH convenes a timely session on Aquatic Food Fraud: Mislabeling, Market Demand and Consumer Trust. Drawing on FAO’s recent technical paper on food fraud in the fisheries and aquaculture sector, the session will examine a problem of significant scale: up to 20% of fisheries and aquaculture products may be mislabeled globally, with fraud particularly prevalent in processed products, restaurants and catering. The session will examine how price incentives, supply chain complexity and governance gaps interact to enable fraud, and what governments, industry, retailers and standard-setting bodies are doing to address it.
The Invisible Net: Securing the Digital Integrity and Resilience of the Asian Seafood Supply Chain is a session led by the President of the Cyber Security Alliance for the Seafood Industry (CSAFI) that will discuss the emerging risk for the sector. As seafood supply chains become increasingly powered by IoT-enabled processing plants, AI-driven logistics and blockchain-backed traceability, they also become vulnerable to cyberattack. With incidents on global logistics networks rising over 900% in five years, a single breach can trigger immediate product spoilage, financial loss and reputational damage.
The session will present a 2026 roadmap for protecting operational technology, defending traceability data against digital fraud and making the business case for cybersecurity as a core ESG and trade compliance imperative.
Seafood industry professionals can learn more about Seafood Expo Asia/Seafood Processing Asia, find information on the conference program and other special events, and register to attend for free by visiting www.seafoodexpo.com/asia.
To register as media/press, please visit the press center.
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Seafood Expo Asia/Seafood Processing Asia is a trade event where buyers from across Asia and industry suppliers from around the world come together to network and conduct business in the lucrative Asian market. The event is produced by Diversified and takes place annually in Asia. SeafoodSource is the exposition’s official media covering industry news year-round.
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www.divcom.com. Sharjah has committed Dh750 million to a package of road projects designed to ease one of the UAE’s busiest commuter corridors and create more direct links with Dubai, including a new tunnel beneath Al Taawun Roundabout, the opening of Noor Road and improved access to Expo Centre Sharjah. The projects were announced by His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler […]
