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BlackRock CEO Hails Bitcoin as “Digital Gold,” Potential Inflation Hedge

Larry Fink, CEO of BlackRock, the world’s largest asset manager, has caused a stir in the financial world by publicly endorsing Bitcoin. In a recent interview, Fink referred to the cryptocurrency as “digital gold,” highlighting its potential as a long-term store of value. This shift in stance from a previously skeptical BlackRock reflects a growing institutional interest in the digital asset class. Fink’s comments come amidst concerns […]

AnchorX Announces Exploration of HKD-Backed Stablecoin, AxHKD

HONG KONG SAR – Media OutReach Newswire – 8 March 2024 – Representing another significant participant in the Hong Kong’s virtual asset sphere, fintech company AnchorX has announced its official establishment and plan for exploration of Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. AnchorX envisions becoming the most trusted provider of digital currency solutions in Asia, empowering reliable and efficient global exchanges. Industry leaders from both traditional finance […]

DHL Express’ GoGreen Plus helps over 12,000 Asia Pacific customers in sustainable logistics

ŸDedicated solution allows businesses to lower Scope 3 emissions, contribute to ESG targets ŸMeets the needs of environmentally conscious shippers SINGAPORE – Media OutReach Newswire – 8 March 2024 – In the span of one year, DHL Express, the world’s leading international express service provider, has registered more than 12,000 customers who have taken up the GoGreen Plus service in Asia Pacific (excluding China). This includes more […]

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 […]

Gaza war turns Palestine into a potential Middle Eastern lightning rod

James M Dorsey The Gaza war has turned Palestine into a lightning rod for mounting frustration and discontent in Arab autocracies such as Egypt, Jordan, Tunisia, Algeria, and Morocco. Concerned that the war could mobilise segments of civil society, Saudi Arabia and the United Arab Emirates where any form of public protest is banned, have cracked down on expressions of solidarity with Gaza, including the sporting of […]

Prince Foundation Concludes Final Interviews for Chen Zhi Scholarship’s Third Cohort

PHNOM PENH, CAMBODIA – Media OutReach Newswire – 7 March 2024 – In an effort to support Cambodia’s educational development, Prince Foundation, the philanthropic arm of Prince Holding Group, recently conducted the final interviews for its Chen Zhi Scholarship program. Prince Foundation, the philanthropic arm of Prince Holding Group, recently conducted the final interviews for its Chen Zhi Scholarship program. This initiative, named after Chen Zhi, Chairman […]

Enjoy Eating House Invites Everyone on a Culinary Adventure with Exciting Launch of New Menu Items: A Journey Through Singaporean Flavours

SINGAPORE – Media OutReach Newswire – 7 March 2024 – Get ready for a mouthwatering treat as Enjoy Eating House proudly presents its update to its menu of Singaporean favourites, marking a delicious milestone for this beloved establishment. Founded five years ago by James and Joel, two culinary visionaries united by their passion for exceptional cuisine, this establishment has become a beacon of gastronomic excellence. Together, they’ve […]

Tether Inks Deal with Uzbekistan to Foster Crypto Innovation

Tether, the issuer of the world’s leading stablecoin USDT, has signed a Memorandum of Understanding (MOU) with Uzbekistan’s National Agency of Perspective Projects (NAPP). This collaboration signifies a significant step towards fostering crypto asset adoption and establishing a robust regulatory framework within the Central Asian nation. The MOU outlines a collaborative effort to explore and promote the development and adoption of various blockchain technologies in Uzbekistan. These […]

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 […]

Etiqa Insurance Singapore Launches Essential Critical Secure, a Critical Illness Plan with Mental Health Support and Continuous Financial Care

The new Essential critical secure plan features coverage for mental health conditions and first-in-market monthly cash payouts upon diagnosis of severe critical illness SINGAPORE – Media OutReach Newswire – 7 March 2024 – Etiqa Insurance Singapore, a leading life and general insurer, today announced the launch of Essential critical secure, a new Critical Illness (CI) plan, that offers affordable and comprehensive protection against 111 CI and mental […]

SM International Announces Expansion into the Indian Market

BANGALORE, INDIA – Media OutReach Newswire – 6 March 2024 – SM International, a leading online financial platform, is thrilled to announce its strategic entry into the Indian market. This move marks a significant milestone in the company’s global expansion efforts. SM International aims to revolutionize the Indian investment landscape, bringing new opportunities for financial growth and stability to millions. In a significant stride towards establishing its […]

Contradictions in both gold, Bitcoin hitting record highs

Arabian Post Special A bizarre ballet is unfolding in financial markets, with Bitcoin and gold, two seemingly antithetical assets, reaching record highs simultaneously. This seemingly contradictory phenomenon has left investors scratching their heads, wondering if both rallies can be sustained in the medium to long term. Bitcoin, the volatile digital upstart, surged past its 2021 peak, reaching $69,192 on March 5th, 2024. This surge is attributed to […]

Obstacles to Attaining Target Levels of Export Earnings in Bangladesh

By Tajul Islam With a population of around 165 million, Bangladesh, situated in southern Asia, traditionally depended heavily on agriculture for its economic sustenance. However, a promising shift has been observed as the Ready-made Garment (RMG) sector emerges as the country’s primary foreign currency earner. Employing approximately 4.2 million individuals, this sector significantly bolsters the GDP. Fueled by a dynamic, urbanizing workforce, predominantly constituted of women, Bangladesh’s […]

Supreme Court Must Reject SBI Plea For Granting Extension Of Deadline For Disclosure Of Bonds Details

Domestic Deal Making Surges in Saudi Arabia

Saudi Arabia’s domestic mergers and acquisitions (M&A) market has witnessed a significant boom in recent years, according to a report by Preqin, a global alternative assets data provider. The report highlights a staggering sixfold increase in the number of domestic deals between 2018 and 2023. This surge reflects growing investor confidence and a maturing domestic business environment in the Kingdom. The report attributes this upsurge to several […]

Modi Hijacks Congress Guarantees And Makes A Big Show Of It For 2024 Lok Sabha Poll

Thai Businessman Sues Wall Street Journal for Defamation

The Wall Street Journal is facing legal action over a 2023 article that allegedly defamed a Thai businessman and his company. Christopher Harborne, the owner of aviation fuel broker AML Global Ltd., filed a lawsuit in a Delaware court on February 28th, accusing the publication of falsely linking him to illegal activities at cryptocurrency firms Tether and Bitfinex. The lawsuit centers around a March 2023 Wall Street […]

Hungary Opens Door to Crypto Services for Financial Institutions

Hungary is poised to embrace the cryptocurrency revolution, as a draft law proposes allowing banks, investment funds, and asset management companies to offer crypto-related services. This move positions Hungary as a potential hub for digital assets in Central and Eastern Europe. The draft legislation, currently under review, aims to establish a legal framework for cryptocurrency activities within the traditional financial sector. This would empower these institutions to […]

Agitation Of Government Employees And Trade Unions May Impact Election 2024

Ceasefire talks are about more than a Gaza truce and prisoner exchange

James M Dorsey A proposed temporary Gaza ceasefire and prisoner exchange appears designed to buy war-battered Gazans relief while enabling Israel and Hamas to claim a success. However, whether Israel or Hamas emerges as the ultimate victor will be determined by whether the truce becomes permanent and the war ends. Negotiated by Qatar, Egypt, the United States, Israel, and Hamas, the deal would be whittled down to […]

The 4th annual Technology for Change Asia convenes 450 pioneers in Hong Kong to learn, connect and collaborate

HONG KONG SAR – Media OutReach Newswire – 29 February 2024 – Economist Impact’s fourth annual Technology for Change Asia brought together more than 450 technology chiefs, innovators, investors, scientists and senior business representatives for two days in Hong Kong on February 27th and 28th. Chaired by The Economist Group’s moderators, a cohort of 50 expert speakers delved into the latest technology solutions impacting businesses, societies, and […]

Gold struggling to capitalize momentum

  Gold price (XAU/USD) is struggling to capitalize on the positive momentum it started yesterday after surpassing the resistance between $2040-2042. It fluctuates within a narrow range in the early hours of Friday. At the same time, the precious metal remains close to its highest levels in nearly a month, drawing strength from the modest decline in the US dollar. This comes after the US Personal Consumption […]

FAB makes record-breaking profit for 4th Quarter

First Abu Dhabi Bank (FAB) has announced 50% dividend to its share holders in United Arab Emirates. The FAB has created a huge record by breaking its own estimation of profit in the fourth quarter. The bank has achieved a high level growth in the year 2023. The First Abu Dhabi Bank has been working hard to meet the needs of its customers. In addition, the bank […]

DYXnet Expands Global Network Coverage with New Point-of-Presence in Dubai

HONG KONG SAR – Media OutReach Newswire – 29 February 2024 – DYXnet, a wholly-owned subsidiary of VNET Group (NASDAQ: VNET), is pleased to announce the launch of its new point-of-presence (PoP) in Dubai, United Arab Emirates. This strategic undertaking endeavours to expand its global network coverage to the Middle East regions. The new PoP will provide enterprise customers with comprehensive and integrated “Network, Cloud, Security” services, […]