Saudi Arabia’s residential property market received a significant boost in May 2024, with banks approving a substantial $2. 05 billion in new home loans. This figure, revealed by the Saudi Central Bank (SAMA), represents a 13% increase year-on-year and marks a 16-month high for the Kingdom’s mortgage market. The data indicates a robust and sustained demand for housing in Saudi Arabia. This trend aligns with the country’s […]
Saudi Arabia’s banking sector is experiencing a surge in profitability, with aggregate bank profits reaching a 14-month high in May 2024. According to data released by the Saudi Central Bank (SAMA), the combined profits of Saudi banks hit SR7. 33 billion ($1. 96 billion) in May, reflecting a significant 16% increase year-on-year. This positive trend extends to the year-to-date figures as well. Banks have collectively recorded a […]
Keynote Themed “Navigating Tomorrow: Strategic Pathways for Hong Kong’s Future Evolution” Four Unique Advantages Leading to Artificial Intelligence Development Opportunities in Hong Kong HONG KONG SAR – Media OutReach Newswire – 6 July 2024 – Accounting Development Foundation 15th Anniversary Conference was successfully held on 29 June 2024 at the Hong Kong Convention and Exhibition Centre, with 434 attendees marking a landmark event in the Accounting industry. […]
MANILA, PHILIPPINES – Media OutReach Newswire – 5 July 2024 – Salmon, a company committed to improving access to credit, savings, and investments for over 500 million underserved customers in Southeast Asia, has been awarded the prestigious 2024 Asian Banking and Finance (ABF) Fintech Start-Up Award – Philippines. The ceremony took place on July 4, 2024, at the Marina Bay Sands Expo and Convention Centre in Singapore, […]
The cryptocurrency market experienced a significant downturn on Friday, with over $170 billion shed in combined market capitalization within a 24-hour period. This plunge coincides with the long-awaited payout of nearly $9 billion in Bitcoin and Bitcoin Cash to creditors of the defunct Mt. Gox exchange. The price of Bitcoin, the world’s leading cryptocurrency, bore the brunt of the sell-off, dropping over 6% to reach its lowest […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 July 2024 – Trading in the global markets, especially Forex, is sometimes perceived as a game of luck by those who don’t know much about finance. However, professional traders regard it as a blend of science and self-discipline, driven by principles and insights often overlooked by amateurs. Here are some of the key secrets that professional traders leverage […]
While Bitcoin continues to dominate headlines and capture the imagination of some investors, a new report suggests Canadians are taking a wait-and-see approach to cryptocurrencies, preferring the familiarity of physical cash. The Cointelegraph report, citing a recent study from the Canadian Imperial Bank of Commerce (CIBC), revealed that a whopping 82% of Canadians surveyed still rely on cash for everyday transactions. The study, which polled over 1, […]
LONDON, UK – Media OutReach Newswire – 4 July 2024 – In the rapidly evolving world of cryptocurrency, finding a platform that combines innovative technology, compliance and security, and profitability is crucial for every trader. As the world’s largest derivatives trading platform designed for market makers, UbitEx is emerging as a frontrunner in this space. Founded by Alex Sandro, a Cambridge University graduate, UbitEx is redefining the […]
LONDON, UK – Media OutReach Newswire – 4 July 2024 – As the world’s largest derivatives trading platform designed for market makers, UbitEx is emerging as a frontrunner in this space. UbitEx is redefining the landscape of crypto trading with its industry-leading AI technology and user-centric approach. Beyond Trading: UbitEx’s Complete Product Ecosystem At the core of UbitEx’s success is its cutting-edge FlyLeopard AI technology. This intelligent […]
K Raveendran The scene at the Central Committee meeting of the CPI-M the other day in Delhi ran like this: the committee members are huddled together, pens poised, brows furrowed and looking askance at how and why the sand under the feet of their party got washed away in the Lok Sabha elections in the only remaining backyard of the Marxist party. Mash the Great, the intellectual […]
The Abu Dhabi Islamic Bank (ADIB) emerged as a frontrunner in the UAE’s sustainable finance sector in 2023, facilitating a notable Dhs5. 6 billion ($1. 52 billion) towards various sustainable projects. This revelation came in the bank’s 2023 ESG Report, which outlined ADIB’s commitment to achieving net-zero carbon emissions by 2030. ADIB’s sustainable finance strategy encompasses a diverse range of activities, including financing renewable energy and clean […]
Electric vehicle startup Fisker is facing a steep decline as the company seeks court approval to sell its remaining stock of SUVs at a fraction of the original price. The bankrupt company produced 3, 321 Ocean SUVs, initially priced around $70, 000 each. Now, Fisker is requesting permission to offload this inventory to a New York-based leasing company for just $14, 000 per vehicle. This fire sale […]
BANGKOK, THAILAND – Media OutReach Newswire – 4 July 2024 – Get ready to embark on an extraordinary journey with the ONESIAM Tourist Grand Giveaway, a spectacular campaign designed to delight international tourists visiting Bangkok this summer. Running from July 1 to September 30, 2024, this grand giveaway is set to deliver unparalleled experiences and fantastic prizes. Whether you’re exploring Bangkok’s vibrant culture or indulging in world-class […]
By Sushil Kutty Prime Minister Narendra Modi took his reply to the motion of thanks to the President’s address to the Rajya Sabha on Wednesday after a day of holding forth in the Lok Sabha. The opposition sought to drown Modi’s voice in the din of constant sloganeering. The Prime Minister did not let the […]
By Nitya Chakraborty The first short session of the 18th Lok Sabha has just ended with the third time Prime Minister Narendra Modi giving the impression once again that nothing different happened in the Lok Sabha elections 2024, he remains the same unvanquished leader of the majority party BJP like he was after the 2014 […]Tourist spending in Saudi Arabia has witnessed a significant surge in the first quarter of 2024, marking a positive trend for the kingdom’s tourism industry. According to data released by the Saudi Central Bank, inbound visitor expenditure reached a staggering $12 billion (SAR 45 billion), reflecting a year-on-year increase of 23%. This growth aligns with Saudi Arabia’s ambitious Vision 2030 strategy, which prioritizes economic diversification and positions […]
Office market net absorption remained positive, high street vacancies stabilized The Hong Kong Grade A office market recorded growth for the third consecutive quarter, with overall net absorption remaining positive at 318,000 sq ft in Q2. Nevertheless, office rents remained under pressure due to the lifted availability rate, dropping 1.5% q-o-q. The overall high street vacancy rate stabilized, and rents continued to record low single-digit growth rate […]
Arabian Post Staff deVere Group, a global player providing specialist cross-border financial advice to international investors and expatriates, has announced United Arab Emirates (UAE), New Zealand, and Italy as the top three destinations for the organisation’s financial graduates to live and work in the first half of 2024. This trend reflects the growing demand for international financial advisory services from high-net-worth (HNW) individuals in these regions, driven […]
HSBC Holdings Plc, Europe’s largest lender, is taking steps to rein in expenses under outgoing CEO Noel Quinn. The bank is implementing a slowdown in hiring and asking its investment bankers to tighten their belts on travel and entertainment spending. This cost-cutting push comes amidst a period of economic uncertainty. Inflation concerns and potential recessionary fears are impacting financial institutions globally. HSBC, like many other banks, is […]
The first day of the week brought a slight dip to Dubai’s gold market, with prices opening lower compared to the previous week’s closing figures. The data, compiled by the Dubai Jewellery Group, revealed a decrease of Dh0. 50 per gram for the widely traded 24K variant. This translates to an opening price of Dh281. 25 per gram on Tuesday morning, down from Dh281. 75 per gram […]
HONG KONG SAR – Media OutReach Newswire – 2 July 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, participated in the World Economic Forum’s 15th Annual Meeting of the New Champions (Summer Davos Forum) held in Dalian at the end of June. Bill Deng, Founder and CEO of XTransfer, met with leaders of renowned international financial institutions during the Forum to […]
DA NANG, VIETNAM – Media OutReach Newswire – 2 July 2024 – Da Nang – Asia’s Leading Festival and Event Destination 2022, recognised by the World Travel Awards, continues solidifying its status as the region’s festivals city with Sun Group’s world-class events and performances this summer of 2024. ‘Symphony of River’ show at Da Nang Downtown with artistic fireworks every night. DIFF 2024 – Performance of nearly […]
