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The Inaugural Money20/20 Asia in Bangkok Concludes Three Days of Incredible Fintech Conversations, Networking, and Industry Deal Making

BANGKOK, THAILAND – Media OutReach Newswire – 9 May 2024 – Money20/20, the world’s leading fintech show and the place where money does business, concluded three industry-changing days of fintech conversations, networking and impactful industry nights on April 23rd- 25th at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, Thailand. Source: Money 20/20 The show welcomed more than 3000 attendees and more than 200 journalists. The […]

US central bank immunity from political interference is a myth

Matein Khalid One thing is certain. Both Donald Trump and Joe Biden are not happy campers now that the yield on the 10-year US T-note, the single security most sensitive to expectation of shifts in Fed monetary policy, has jumped above 5%. This means that the bond market expects no FOMC rate cut tonight and for Chairman Powell to reiterate his current “higher for longer” interest rate […]

Rift Between RSS And BJP Getting Bigger With Every Phase Of Polling

A Look at Yield Farming in DeFi

Decentralized finance (DeFi) has emerged as a revolutionary force in the financial landscape, offering alternatives to traditional banking systems. But within this burgeoning ecosystem, a particularly high-risk, high-reward practice has captured the imagination of many investors:yield farming. Yield farming involves leveraging DeFi protocols to maximize returns on cryptocurrency holdings. It’s akin to supercharging a staking strategy, where investors earn passive income by locking up their crypto assets […]

Netanyahu buys time by rejecting Gaza ceasefire

James M Dorsey This week’s Gazan short-lived celebration of a ceasefire that was not to be, highlights what is at stake in the seven-month-old war and Israel’s refusal to end the carnage. Thousands poured into Gazan streets within minutes of Hamas advising it had accepted a Qatar and Egyptian ceasefire proposal. “We have shown the world that we survived this war as Palestinians. We stood our ground on our land. […]

Liv Dives into Tokenized Assets with Ctrl Alt Partnership

Liv, the UAE’s first digital bank launched by Emirates NBD, has signed a Memorandum of Understanding (MoU) with Ctrl Alt, a provider of alternative asset solutions for businesses. This collaboration aims to explore the potential of tokenization for real-world assets. Tokenization is a process that transforms ownership rights into digital tokens, creating a tradable representation of the underlying asset on a blockchain ledger. This move by Liv […]

Dubai Exchange Targets Lucrative Private Debt Market

Arabian Post Staff – Dubai’s financial center is aiming to grab a slice of the massive private credit market with the launch of a new platform. The Dubai Financial Market (DFM) is setting its sights on the $1. 7 trillion global pool of private debt, hoping to make it easier for local companies to secure funding and for investors to access these alternative investments. This new platform, […]

Citi Property Survey Shows Higher Interest in Home Ownership Among the Affluent After the Rollback of Property Cooling Measures

Over 70% of the affluent individuals surveyed express a greater interest in home ownership and anticipate a rise in housing prices in the next 12 months HONG KONG SAR – Media OutReach Newswire – 6 May 2024 – Hong Kong conducted a survey in April 2024 on residential property ownership in Hong Kong in response to the Hong Kong Government’s withdrawal of all property cooling measures in […]

Dubai FinTech Summit Convenes Global Leaders in Innovation

Dubai further solidified its position as a global hub for financial technology this week by hosting the second edition of the Dubai FinTech Summit. The event, held under the patronage of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance of the United Arab Emirates (UAE), and President of the Dubai International Financial Centre (DIFC), brought together leading policymakers and financial […]

Al Maryah Community Bank and Khalifa Fund Partner on Digital Banking Platform for Businesses

Al Maryah Community Bank (Mbank), a leading digital bank in the United Arab Emirates, has joined forces with the Khalifa Fund for Enterprise Development to launch a new Corporate Banking Platform. This collaboration aims to streamline financial operations and empower businesses of all sizes in the UAE. The announcement comes after the two organizations signed a Memorandum of Understanding (MoU) earlier in June 2023. The Corporate Banking […]

TAISE 3rd Asia-Pacific Sustainability Action Awards Embarking on a Sustainable New Journey

TAIPEI, TAIWAN – Media OutReach Newswire – 6 May 2024 – Aligning the United Nations Sustainable Development Goals (SDGs), the third Asia-Pacific Sustainability Action Awards will soon be held to recognize organizations and individuals who have made outstanding contributions in the field of sustainable development. The award ceremony will be held concurrently with the Asia-Pacific Sustainability Development Action Expo and Summit, and is expected to attract participation […]

Rising Floodwaters in Southern Brazil Leave Trail of Devastation

Incessant rain has wreaked havoc across southern Brazil, particularly in the state of Rio Grande do Sul. The relentless downpour has caused rivers to overflow their banks, triggering widespread flooding that has claimed at least 66 lives. Rescue crews continue to search for over 100 people reported missing, with the floodwaters hampering their efforts. The state civil defense authority estimates that more than 80, 000 residents have […]

Prince Holding Group Triumphs with Platinum at the 2024 Global CSR & ESG Awards

Fourth Consecutive Win for Philanthropist Chen Zhi’s Prince Group as “Best in Cambodia” Award Highlights Ongoing CSR Excellence PHNOM PENH, CAMBODIA – Media OutReach Newswire – 3 May 2024 – Prince Holding Group, one of Cambodia’s leading business groups, has been honored with the Platinum Award at the 16th Annual Global CSR & ESG Summit and Awards. This accolade, recognizing Prince Holding Group as “Best in Cambodia” […]

Aspects traders need to know about the Japanese yen to trade better – Octa

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 3 May 2024 – Understanding the intricacies of the Japanese yen (JPY) is essential to excel in trading. It is recognisable by its symbol ¥ and holds immense importance in the Forex market as a major reserve currency due to its popularity in carry trades. Impressively, it ranks as the third most traded currency, following only the U.S. dollar […]

Unleashing Growth: DIFC Emerges as Premier Global Hub for Family Businesses

More than 440 registered foundations and over 600 active entities affiliated with top family businesses and individuals in DIFC as of 2023. Home to more than 120 of the world’s wealthiest families and individuals, with a total net worth exceeding USD 1trn. Dubai ranked 1st in MEASA region and among the world’s top 22 cities in terms of wealthiest population centres in 2023 with over 68,500 HNWIs. […]

Saudi Arabia Lures Global Investors with Ambitious Financial Reforms

Arabian Post Staff – Saudi Arabia’s financial sector is undergoing a significant transformation,with the kingdom setting its sights on attracting a surge of foreign investment.A recently unveiled report,the 2023 Financial Sector Development Program (FSDP),outlines a series of ambitious goals aimed at enhancing the appeal of the Saudi stock exchange to international investors. One key objective is to increase foreign ownership of free float shares to 17% by […]

Central Bank Holds Steady on Interest Rates

The Central Bank of the United Arab Emirates (CBUAE) opted to maintain its key interest rate,the base rate,at 5.40%.This decision,announced on May 1st,2024,aligns with the US Federal Reserve’s recent move to keep its benchmark interest rate unchanged. The base rate is a critical indicator that influences borrowing costs throughout the UAE’s financial system.By setting this rate,the CBUAE can steer economic activity.Lowering the base rate generally encourages borrowing […]

Gemini and Genesis to Return Nearly All Earn User Assets

Beleaguered crypto companies Gemini and Genesis have received a crucial court nod, paving the way for the return of most digital assets owed to Gemini’s Earn program users. Under a settlement agreement approved by the Bankruptcy Court, Gemini will distribute a staggering 97% of the digital assets frozen since November 16, 2022. This positive development comes as a welcome relief for users who have been waiting months […]

Central Bank Leaves Interest Rates Unchanged

The Central Bank of the United Arab Emirates (CBUAE) announced on Wednesday,May 1st,2024,that it would keep its benchmark interest rate unchanged at 5.40%.This decision aligns with the recent move by the US Federal Reserve to maintain its target federal funds rate. The CBUAE’s base rate,also known as the Overnight Deposit Facility (ODF) rate,influences borrowing costs throughout the UAE’s financial system.By keeping the rate steady,the CBUAE aims to […]

Minister Al Hussaini and World Bank Discuss MENA Development Strategies

United Arab Emirates’ Minister of State for Financial Affairs, Mohamed Al Hussaini, recently met with Ousmane Dione, the World Bank’s Vice President for the Middle East and North Africa (MENA) region. The high-level discussion, held at the UAE Ministry of Finance headquarters in Dubai, focused on strengthening collaboration on development initiatives critical to the region’s economic growth and prosperity. The meeting underscored the UAE’s commitment to working […]

Criminal bonding in the corridors of power

Without Mincing by K Raveendran In the murky corridors of power, where shadows and secrets coil like serpents, the tale of the BJP’s electoral bond conquest has unfolded and there can’t be a greater embarrassment for the ruling party and the government at this juncture when voting for parliamentary elections is only a month away. The Supreme Court, resolute and unyielding, has cast its gaze upon this […]

Dubai Sees Modest Inflation Uptick in February

Dubai residents experienced a slight increase in living costs last February, according to the latest consumer price index (CPI) data released by Dubai Statistics Center. The index rose by 0.43% compared to January, indicating a modest uptick in inflation. While the February increase was relatively minor, it follows a trend of gradual inflation observed throughout the past year. Since February 2023, Dubai’s CPI has risen by approximately […]

Thailand’s NACC finds guilty among four former executives of energy base firm of corruption and bribery

BANGKOK, THAILAND – Media OutReach Newswire – 1 May 2024 – The National Anti-Corruption Commission (NACC) reached a resolution that four former executives of the Thai State-owned oil and gas company, PTT Exploration and Production Public Company Limited (PTTEP), are found guilty of corruption, collusion, and bribery in connection to PTTEP’s Arthit Offshore Gas Field Project. The NACC was made aware of this case following the United […]

UAE Central Bank Boasts Monumental Balance Sheet Growth

The Central Bank of the United Arab Emirates (CBUAE) announced a financial milestone, with its balance sheet reaching a record AED 750 billion (approximately USD 204 billion) by the end of February 2024. This achievement signifies a robust 32.5% surge compared to February 2023, highlighting the UAE’s burgeoning financial strength. The CBUAE’s balance sheet report, released in late April, detailed a significant increase in its general budget. […]