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Ethereum ETF Approval in May Now Seen as Less Likely

Bloomberg analysts have significantly dampened their optimism regarding the approval of a spot Ethereum Exchange-Traded Fund (ETF) by May 2024. According to reports, their forecasts have plummeted from a previous range of 60-70% to a mere 30%, reflecting a shift in sentiment towards the regulatory landscape. This news comes amidst a period of heightened anticipation surrounding Ethereum ETFs. Multiple applications from prominent financial institutions, including VanEck, Ark […]

Visa launches citywide concert ticket giveaways for MTR tap to ride passengers, starting with performances by wildly popular local boybands and K-pop star

Starting from 8 March to 15 May 2024, MTR passengers who tap to ride with Visa will have the chance to win tickets to the “Katch the POP” concert on 8 June 2024, featuring top Cantopop boybands and acclaimed female K-pop star. The concert ticket lucky draw campaign is an extended celebration of the launch of the first contactless bank card payment for MTR rides as provided […]

Unearthing History: Italian Ambassador Tours Al Sinniyah Island Excavations

Lorenzo Fanara, the Italian Ambassador to the United Arab Emirates (UAE), recently embarked on a visit to Al Sinniyah Island, a significant archaeological site in Umm Al Qaiwain. The purpose of his visit was to gain firsthand experience of the ongoing research and excavation efforts spearheaded by the Umm Al Qaiwain Department of Tourism and Archaeology. Haitham Sultan Al Ali, the Director-General of the Department, played host […]

Easter Festivities at Kuda Villingili Maldives: A Journey of Joy Rediscovery and Bond Reinforcement

Easter at Kuda Villingili Maldives offers a unique experience, blending joyous rediscovery with deepening personal connections, set against the backdrop of serene island beauty. London, England, United Kingdom – March 11, 2024 — Discover Rejuvenation Amidst Festivities: Experience the Enchantment of Kuda Villingili’s Lush Landscapes and Pristine Beaches, where guests find a sanctuary for renewal, growth, and deepening connections Malé, Maldives – This Easter, Kuda Villingili Resort […]

Investrade Takes Majority Stake in Bahrain’s Areen Hospitality Project

Investrade, a prominent Bahraini investment and asset management firm, announced a strategic acquisition recently. The company has secured a 53% stake in the Areen Park Hotel and The Land of Paradise Waterpark, both part of the larger Areen Master Development project situated in southern Bahrain. The signing ceremony, held at the Al Areen project site, was attended by distinguished figures including Shaikh Mohamed Bin Abdulrahman Al Khalifa, […]

A Global Force Against Fraud: Leaders and Tech Join Hands

In a historic display of unity, world leaders and tech titans convened in London on Monday for a summit dedicated to combating the ever-evolving threat of international fraud. Hosted at Lancaster House, the summit brought together representatives from governments, financial institutions, and major technology companies, all with a shared goal of crafting a comprehensive strategy to tackle this growing menace. The urgency of the situation was palpable. […]

Dubai Tenants Brace for Rent Hikes on RERA Calculator Revision

Arabian Post Special Dubai, a city known for its glitz and luxury, is facing a potential rent squeeze for its residents. The revision of the Real Estate Regulatory Authority’s (RERA) rent calculator, a tool used to determine permissible rent increases, is raising concerns about a significant rise in housing costs. This comes at a time when the cost of living in Dubai has already been steadily climbing, […]

Generali and UNDP are building SME resilience in Asia

Launch of joint research on MSME resilience in Southeast Asia, and a focus on Malaysia and Thailand, detailing key risks and alternative approaches to insurance Presentation of the SME Loss Prevention Framework, a digital tool for Malaysian SMEs to better understand and manage growing climate and weather-related risks Showcasing Insurance Innovation Challenge Fund Malaysia solutions for protecting SMEs in the country Generali also expands its flagship SME […]

Arlo Surpasses 3 Million Paid Subscription Accounts

Continued Subscription Growth Illustrates Success of Ongoing Innovation and Arlo’s Robust Hardware and Software Solutions SINGAPORE – Media OutReach Newswire – 7 March 2024 – Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced its AI-powered subscription service has surpassed a milestone of 3 million paid accounts. Arlo’s continued subscription growth illustrates the success of its ongoing innovations and a robust ecosystem of […]

Voluntary Conditional Cash Offer for Vinda International is Open for Acceptance

HONG KONG SAR – Media OutReach Newswire – 9 March 2024 – Isola Castle Ltd (Isola Castle) and Vinda International Holdings Limited (Vinda) are pleased to jointly announce that all Pre-Conditions relating to the voluntary conditional cash offer (Offer) to acquire Vinda’s Shares have been satisfied and the Offer is open for shareholders’ acceptance. Isola Castle is a special purpose vehicle indirectly wholly-owned by APRIL which is […]

Abu Dhabi Poised for a Sporting Upgrade

The Abu Dhabi Entertainment Company (ADEC) has unveiled a collaborative effort to elevate the emirate’s sporting infrastructure. The initiative, announced on March 8th, 2024, signifies a commitment to fostering a more vibrant sporting community within Abu Dhabi. This ambitious project will see ADEC join forces with Sanad, Strata Manufacturing, and Solutions+. Sanad, a prominent Emirati defense and security solutions provider, brings its dedication to community empowerment through […]

Abu Dhabi Enables Remote Connections for Inmates During Ramadan

The Abu Dhabi Judicial Department (ADJD) has announced plans to facilitate virtual visits for inmates in Correction and Rehabilitation Centres across the emirate during the holy month of Ramadan. This initiative aims to maintain family connections and offer a sense of normalcy for those observing Ramadan while incarcerated. Inmates will be able to connect with families and relatives through a designated app called “Nafidhaty,” which translates to […]

Dubai Tightens Grip on Foreign Banks with New Tax Law

Arabian Post Special Dubai, long a haven for international finance with its tax-friendly policies, has shaken things up with a new law imposing a 20% annual tax on foreign banks operating within the emirate. This move marks a significant shift and has far-reaching implications for both Dubai’s financial landscape and the strategies of foreign banks in the region. One key aspect of the law is its targeted […]

The Functional Foods for Wellness Summit KL 2024 concluded successfully in Kuala Lumpur, Malaysia, on March 7th

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 March 2024 – The Functional Foods for Wellness Summit KL 2024 concluded successfully in Kuala Lumpur, Malaysia, on March 7th. The summit received strong support from international organizations such as the International Probiotics Association (IPA), the Malaysia Dietary Supplement Association (MADSA), the Japan Health Business Media, the Health Food Supplement Association (HFSA), and the Expert Nutraceutical Advocacy Council(ENAC®). […]

Rising Seas, Rising Needs: Singapore Considers Ambitious Land Reclamation Project

Driven by the looming threat of rising sea levels and a limited land area, Singapore is exploring the ambitious construction of a new landmass dubbed “Long Island.” This proposed project, if realized, would significantly reshape the country’s coastline and provide much-needed space for future development. Singapore, a densely populated island nation, faces a unique challenge: a significant portion of its land lies less than 5 meters above […]

South Korea’s Bitcoin Price Surges as ‘Kimchi Premium’ Hits Two-Year High

The price of Bitcoin in South Korea has spiked, reaching a two-year high in what analysts are calling a resurgence of interest from local investors. This surge is reflected in the so-called “Kimchi Premium,” the difference between the price of Bitcoin on South Korean exchanges and its global average. On Wednesday, the Kimchi Premium reached 10.32%, the highest level since March 2022, according to data from cryptocurrency […]

Vegan Delights Tainted: Local Market Discovers Doughnuts Not Homemade or Vegan

A Long Island community dedicated to vegan living has been left reeling after a local market, Cindy’s Snacks, revealed that the doughnuts they had been selling as homemade, vegan, and gluten-free were, in fact, none of the above. The discovery has sparked concerns about transparency and trust within the community, with many questioning the motivations behind the alleged misrepresentation. The revelation came to light after a customer, […]

CFTC Committee Advances Digital Asset Classification Framework

The Commodity Futures Trading Commission (CFTC) is taking a step towards clearer regulation in the digital asset space. On Wednesday, the CFTC’s Global Markets Advisory Committee (GMAC) voted to advance a “digital assets taxonomy” for agency review. This framework aims to standardize the terminology used for various digital assets, including cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). Proponents of the taxonomy believe it will bring much-needed […]

AIA Announces Results of 15th AIA Desired Retirement Tracker

Half of respondents are open to working in GBA but have concerns about local healthcare, social welfare and tax policies Nearly 40% are interested in retiring in GBA, yet about two thirds have insufficient retirement savings with a shortfall of HKD1.97 million A quarter of those interested in retiring in GBA may lack medical protection after retirement Enhancing personal savings and medical insurance coverage are considered important […]

Bybit and Solana Join Forces to Discuss Web3’s Future in Live Roundtable

Dubai, UAE, March 6, 2024 – Bybit Web3, the cryptocurrency exchange’s arm dedicated to the decentralized web, announced a landmark collaboration with Solana, one of the fastest-growing blockchain ecosystems. This partnership will culminate in an exclusive livestream roundtable titled “Revolutionizing the Blockchain: Bybit and Solana Ecosystem’s Visionary Web3 Roundtable.” Scheduled for March 13, 2024, the online event promises an in-depth exploration of the innovations, growth, and future […]

It’s a Quadruple-Victory for Pets Global (Malaysia) Sdn Bhd in the 2023 Natural Health Readers’ Choice Awards

Four revered titles covering pet care products picked up in Natural Health Readers’ Choice Awards 2023 Federal Territory of Kuala Lumpur, Malaysia – March 6, 2024 — Pets Global (Malaysia) Sdn Bhd, a company synonymous to well-loved brands of pet care products in Malaysia, proved its popularity amongst discerning pet owners recently when its team of attendees walked away with accolades in recognition for their outstanding performance […]

Election Promises: Needed A Mechanism To Prevent Bluff Games By Political Parties

NetApp Fights Ransomware in Real-Time with Built-In Artificial Intelligence on Enterprise Storage Along with Enhanced Cyber-Resiliency Solutions

Amid increasing ransomware threats, new capabilities expand NetApp leadership in providing the quickest response and recovery to cyber disasters SINGAPORE – Media OutReach Newswire – 6 March 2024 – NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced cyber-resiliency capabilities that will equip customers to better protect and recover their data in the face of ransomware threats. NetApp is one of the first to integrate artificial […]

Satellite Provider Yahsat Soars to Record-Breaking Financials in 2023

Al Yah Satellite Communications Company PJSC (Yahsat), the United Arab Emirates’ leading provider of satellite solutions, announced its strongest financial performance ever for the full year ended December 31, 2023. The company’s revenue climbed 6% year-on-year to a record AED 1.7 billion (USD 457 million), exceeding its previous guidance and surpassing analyst projections. This positive financial picture was reflected across key metrics, including Earnings Before Interest, Taxes, […]

Saudi Arabia’s Sovereign Wealth Fund Deepens Collaboration with Bahrain’s Mumtalakat

Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund, announced a strengthened partnership with Mumtalakat, the sovereign wealth fund of Bahrain, on Tuesday. This move signifies a commitment to fostering economic cooperation and exploring new investment opportunities within the island nation. The agreement, formalized through a memorandum of understanding (MoU), outlines a framework for collaboration across various sectors. This includes identifying and pursuing promising investment […]

Crypto Trends 2024: How to Earn More on Altcoins?

Many cryptos are themselves valuable assets, bringing their owners additional income by simply growing in price over time. However, an even more effective way to build wealth is by putting crypto into practice, and that’s not trading we are talking about. The crypto expansion is significantly driven by the increased inflation experienced by fiat currencies, resulting in low interest rates globally. Countries with healthy economies target a […]

Terminus Group Victor AI announces habitat solution SPACE at Web Summit Qatar

BEIJING, CHINA – Media OutReach Newswire – 5 March 2024 – Victor AI, Founder and CEO of Terminus Group, was invited to attend and deliver a speech entitled “AI CITY: The Next Habitat on Earth” at Web Summit, the world’s technological Olympia, in Doha, Qatar. Victor AI, the Founder and CEO of Terminus Group, delivers speech at Web Summit Qatar Victor AI shared his thoughts with global […]

Contagious enthusiasm among crypto investors

By Antonio Ernesto Di Giacomo The cryptocurrency market has witnessed a spectacular surge in the price of Bitcoin (BTC), surpassing the $67,000 mark, igniting contagious enthusiasm among investors. This phenomenon has also propelled altcoins, among which Dogecoin has stood out, showing notable performance since the beginning of 2024. Since the start of the year, Dogecoin has experienced impressive growth, surpassing a 150% increase in value. This ascent […]

Deyaar Announces Dividend Distribution to Shareholders for 2023

Deyaar Development PJSC (Deyaar), a prominent Dubai-based property developer, recently revealed its Board of Directors’ approval to distribute dividends to shareholders for the fiscal year 2023. This decision marks a significant milestone for the company, signifying its commitment to creating long-term value for its stakeholders. The specific details regarding the dividend amount and record date will be announced in the near future, pending the approval of shareholders […]

Gulf Cooperation Council Affirms Support for Egypt and Sudan in Nile Water Dispute

The Gulf Cooperation Council (GCC) has reiterated its strong support for Egypt and Sudan in their ongoing water rights dispute with Ethiopia over the Grand Ethiopian Renaissance Dam (GERD). During a joint ministerial meeting held in Riyadh on March 3, 2024, GCC Secretary-General Jasem Al-Budaiwi declared that the water security of Egypt and Sudan is “an integral part of Arab national security.” Al-Budaiwi emphasized the GCC’s opposition […]