NEW YORK, US – Media OutReach Newswire – 12 July 2024 – As the highly anticipated Amazon Prime Day 2024 approaches, PETITE SIMONE, a trailblazing fashion brand, is thrilled to unveil exclusive discounts and special offers that promise to elevate your style without breaking the bank. PETITE SIMONE: Crafting Elegance and Innovation PETITE SIMONE, a fashion brand born in the vibrant city of Singapore, epitomizes the art […]
Dubai-based Emirates NBD has introduced a groundbreaking service that eliminates the need for physically stamped bank statements. The bank now provides digitally stamped statements, a convenient and secure alternative for customers seeking visas from foreign missions in the UAE. Traditionally, visa applicants have been required to submit physically stamped bank statements, a process often involving time-consuming visits to bank branches. Recognizing the inconvenience, Emirates NBD has developed […]
Banks must stay ahead of technology development and climate risks to thrive in fast-changing HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – Banks in Hong Kong saw moderate balance sheet growth last year with notable increases in net interest margins (NIM) and operating profit amid higher interest rates. In line with KPMG’s prediction in its 2023 Hong Kong Banking Report, the higher interest […]
HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – Metro Finance and BNI Hong Kong, the world’s leading business networking and referral organization, jointly hosted the inaugural “Top 100 Business Awards 2024” Award Presentation Ceremony on July 10 at the Hong Kong Convention and Exhibition Centre. The event was attended by over 2,000 BNI business leaders from different countries and regions. The ceremony honored […]
Nicholas Bongsosartono takes on the leadership role at DHL Global Forwarding Indonesia JAKARTA, INDONESIA – Media OutReach Newswire – 11 July 2024 – DHL Global Forwarding, the freight specialist of DHL Group, has appointed Nicholas Bongsosartono as the new President Director of DHL Global Forwarding Indonesia. Based in Jakarta, Bongsosartono will report to Thomas Tieber, CEO of DHL Global Forwarding, Southeast Asia and South Pacific. Nicholas Bongsosartono […]
The U. S. Department of Justice (DOJ) announced on Wednesday that cryptocurrency exchange BitMEX pleaded guilty to violating the Bank Secrecy Act (BSA). This comes after accusations that the Seychelles-based exchange failed to implement a proper anti-money laundering (AML) program for a significant period. According to the DOJ, BitMEX operated without an adequate AML program between September 2015 and September 2020. This lapse allegedly allowed the exchange […]
Banks in the United Arab Emirates (UAE) are bracing for a decline in profits for the second quarter (Q2) of 2024, according to a recent report by CI Capital. This stands in stark contrast to the performance expected from Saudi Arabian banks, which are projected to deliver the highest year-on-year (YoY) earnings growth within the Gulf Cooperation Council (GCC) region. The report, which analyzed the performance of […]
Research by Linkflow Capital reveals significant tightening in SME financing accessibility in 2023 SINGAPORE – Media OutReach Newswire – 10 July 2024 – Linkflow Capital’s annual SME financing research shows a significant tightening of credit conditions for Singapore SMEs in 2023, with average loan quantum dropping 42% to $130,000 from $224,000 in 2021. The study, based on data from 2,466 unique users of Linkflow Capital’s SME loan […]
The digital landscape is facing a major security challenge after a record-breaking leak exposed nearly 10 billion passwords. Dubbed “RockYou2024, ” the data dump dwarfs previous compilations, raising concerns for online safety. Researchers at Cybernews, a cybersecurity firm, discovered the leak on a popular hacking forum. The data, titled “RockYou2024. txt, ” was uploaded by a user with a history of sharing stolen information. Analysis indicates RockYou2024 […]
By Tajul Islam As global economic dynamics shift, emerging economies seek new opportunities for growth and influence. A notable development is the BRICS coalition, originally comprising Brazil, Russia, India, China, and South Africa. With its recent expansion, the BRICS framework has introduced the concept of BRICS+, aiming for deeper and more flexible economic integration. This article explores the differences between BRICS and BRICS+, and examines the potential […]
The International Islamic Liquidity Management Corporation (IILM) successfully reissued a total of $940 million in short-term sukuk across three separate maturities. This marks the seventh auction conducted by the IILM in 2024, signifying continued investor demand for these Shariah-compliant financial instruments. The sukuk offering comprised three tranches with varying tenors. The first tranche consisted of $440 million with a one-month maturity, priced at a competitive rate of […]
Qatar Islamic Bank (QIB) has exited the race to acquire United Bank, a state-owned Egyptian entity under the Central Bank of Egypt’s (CBE) control. Talks between the two parties reportedly reached an impasse due to a disagreement on valuation. According to a source cited by Shourouk News and reported by the Egyptian news website Enterprise, QIB’s offer fell short of the CBE’s expectations, failing to reach the […]
LONDON, UK – Media OutReach Newswire – 9 July 2024 – Shining the spotlight on an extended collection of bars across the region, Asia’s 50 Best Bars, sponsored by Perrier, releases the prestigious 51st to 100th list for the fourth year running. Revealed one week ahead of its live awards ceremony in Hong Kong, the ranking is created from the overall Asia’s 50 Best Bars voting process, […]
Saudi Arabia and China are poised to solidify their ties in the construction and housing sectors, following a recent meeting between high-level officials in Riyadh. The get-together, which included Saudi Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail and China’s Ambassador to Saudi Arabia Chang Hua, focused on bolstering collaboration across real estate development, contracting, and municipal services. This strategic dialogue marks a significant step forward […]
Qatar National Bank (QNB), the leading financial institution by assets in the Gulf region, reported a positive performance in the first half of 2024. The bank’s net profit climbed by 7% year-on-year, reaching QAR 8. 2 billion (approximately USD 2. 2 billion) by the end of June. This growth was fueled by a 9% increase in operating income, which reached QAR 20. 1 billion during the same […]
BANGKOK, THAILAND – Media OutReach Newswire – 9 July 2024 – This July, ONESIAM warmly invites travelers from around the world to immerse themselves in the heart of Thai culture and tradition as Bangkok celebrates the 72nd birthday of His Majesty King Maha Vajiralongkorn. From July 1 to July 31, 2024, ONESIAM curates a vibrant array of events that showcase Thailand’s rich heritage and royal splendor, making […]
HONG KONG SAR – Media OutReach Newswire – 9 July 2024 – The annual BUSINESS GOVirtual (BGOV) Expo & Conference, focused on innovation and technology, will be held on 11-12 July 2024 at the Hong Kong Convention and Exhibition Centre. Event to Highlight Two Major Technology Trends: Generative AI and Digital Assets Generative AI and Digital Assets are the two new drivers of future economic growth. Over […]
Gulf International Bank (GIB) recently released its 2023 Sustainability Report, outlining the bank’s environmental, social, and governance (ESG) efforts throughout the past year. The report highlights GIB’s commitment to integrating sustainable practices into its core operations and financial products. GIB emphasizes its strategic approach to sustainability, showcasing its initiatives and achievements measured against established ESG metrics. The report details the bank’s adherence to the Global Reporting Initiative […]
Ajman Bank, a leading Islamic financial institution in the United Arab Emirates, has joined forces with Positive Zero to implement a comprehensive energy-saving initiative. This strategic partnership aims to significantly reduce the bank’s energy consumption and environmental impact. Positive Zero, a specialist in fully financed energy efficiency solutions, will equip Ajman Bank’s headquarters with cutting-edge technologies and operational improvements. These measures are anticipated to generate a substantial […]
Oil prices surged on Monday, extending gains from the previous week after data revealed a larger-than-anticipated drop in U. S. crude oil stockpiles. The price of Brent crude futures, the global benchmark for oil, climbed by 1. 8% to $113. 10 per barrel. West Texas Intermediate (WTI) crude futures, the benchmark for U. S. oil, also rose by 1. 6% to $110. 20 per barrel. This increase […]
Central banks around the world are facing a delicate balancing act:taming inflation without jeopardizing economic growth. This comes after a period of surging prices, fueled by supply chain disruptions and the war in Ukraine. The Federal Reserve in the United States is at the forefront of this effort. Jerome Powell, the Fed Chair, recently testified before lawmakers, acknowledging signs of softening growth and employment. However, he emphasized […]
