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Industry-Wide Cross Border Cyber Intelligence Sharing Mitigated Impact   SINGAPORE – Media Outreach – 10 February 2021 – FS-ISAC, the only global cyber intelligence sharing community solely focused on financial services, announced today that last year, more than 100 financial services firms were targets of a wave of Distributed Denial of Service (DDoS) extortion attacks conducted by the same threat actor. The criminals sent extortion notes threatening to disrupt the […]

Arabian Post Staff The Dubai Financial Services Authority (DFSA) announced punitive action against  a former relationship manager at a DFSA authorised firm. On 17 September 2020, the DFSA decided to take enforcement action against Ashish Bhandari, the emoployee concerned, for being knowingly involved in breaches of Anti-Money Laundering (AML) legislation from 2011 to 2013 and for obstructing the DFSA in 2017 and 2018. The DFSA has fined […]

HONG KONG SAR – Media OutReach – 5 February 2021 – Gudou Holdings Limited (“Gudou Holdings” or “Company”, which together with its subsidiaries, is referred to as the “Group”, SEHK stock code: 8308), put its newly built Gudou Spring Superior Hotel (古兜泉峰江門記憶酒店) in Jiangmen into operation on 15 January 2021. Gudou Spring Superior Hotel is located on the bank of the Pengjiang River. The tranquil scenery of the two banks […]

When most of us think about identity fraud, we might imagine somebody physically getting access to our passport or driver’s license, cloning it, and posing as us from then on. But while this extreme form of identity theft certainly does happen, more often than not it is a crime that occurs online when cybercriminals get access to your passwords and begin posing as you in your online […]

Financial institutions utilising GBG Intelligence Center benefit from enriched data intelligence on identity verification, mobile and IP, location, cyber endpoint threat, credit risk, and relationship association to augment fraud detection and accuracy   SINGAPORE – Media OutReach – 4 February 2021 – GBG (AIM:GBG), the global technology specialist in fraud and compliance management, identity verification and location data intelligence, has today announced the launch of the GBG Intelligence Center. The dynamic […]

HONG KONG SAR – Media OutReach – 2 February 2021 – Henderson Sunlight Asset Management Limited (the “Manager“) and DBS Hong Kong jointly announce that Sunlight Real Estate Investment Trust (“Sunlight REIT“) has secured a HK$500 million sustainability-linked loan today.   This sustainability-linked loan is unsecured and has a tenure of five years. DBS Hong Kong will offer interest margin privileges based on satisfaction of predetermined sustainability performance targets relating […]

Here are a few things you need to know as Saudi stocks start trading on Tuesday. 1) National Commercial Bank (NCB) is planning to change the name of the merged entity after completing the planned
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KUALA LUMPUR, MALAYSIA – Media OutReach – 2 February 2021 – Kenanga Investment Bank Berhad today announced its acquisition of i-VCAP Management Sdn Bhd (“i-VCAP”) via Kenanga Investors Bhd (“KIB”), its fully owned subsidiary, following approval by the Securities Commission of Malaysia. i-VCAP is an award-winning, Shariah-compliant investment management services provider primarily focused on Islamic exchange-traded funds (“ETFs”). Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank.   “We […]

In the light of this exceptional growth, HE Sultan bin Sulayem believes opening new markets and stimulating mutual trade between Dubai and Israel will encourage companies to increase production, leading to greater economic growth and more job creation. Said Bin Sulayem: “The expansion of trade and investment between the two sides will benefit not only the business communities in the UAE and Israel, but also other stakeholders […]

DUBAI, 30th January, 2021 (WAM) — Dubai’s trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of AED1 billion and a volume of 6.217k tonnes, according to Dubai Customs statistics. Of this, imports were valued at AED325 million (718 tonnes), exports at AED607million (5.4k tonnes), and transit trade at AED98.7million (52.4 tonnes). In the light of this exceptional growth, Sultan bin […]

DUBAI, 30th November, 2020 (WAM) — The UAE is set to welcome the first Israeli technology delegation to the country at the landmark 40th edition of GITEX Technology Week, hosted at Dubai World Trade Centre. To be held from 6-10 December, GITEX this year is the world’s only live, in-person global technology event. The Israel Export Institute, IEI, Strategic Country Partner for GITEX, in partnership with Bank […]

DUBAI, 30th November, 2020 (WAM) — The UAE is set to welcome the first Israeli technology delegation to the country at the landmark 40th edition of GITEX Technology Week, hosted at Dubai World Trade Centre. To be held from 6-10 December, GITEX this year is the world’s only live, in-person global technology event. The Israel Export Institute, IEI, Strategic Country Partner for GITEX, in partnership with Bank […]

DUBAI, 30th January, 2021 (WAM) — Dubai’s trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of AED1 billion and a volume of 6.217k tonnes, according to Dubai Customs statistics. Of this, imports were valued at AED325 million (718 tonnes), exports at AED607million (5.4k tonnes), and transit trade at AED98.7million (52.4 tonnes). In the light of this exceptional growth, Sultan bin […]

$4.7 billion in sales, $0.19 EPS and $0.48 adjusted EPS exceeded guidance Third consecutive quarter of operating margin improvement PHOENIX, US – Media OutReach – 29 January 2020 – Avnet, Inc. (Nasdaq: AVT) today announced results for its second quarter ended January 2, 2021. Fiscal Second Quarter Key Financial Highlights: Sales of $4.7 billion up from $4.5 billion in the prior year quarter, supported by record sales in Asia of […]

Accelerates Expansion into Global Market   HONG KONG SAR – Media OutReach – 28 January 2021 – China Dynamics (Holdings) Limited (the “Company”; Stock Code: 476, together with its subsidiaries, collectively “China Dynamics” or the “Group”), a provider of new energy vehicles and technology integrated solutions, has announced its Team of International Advisors for supporting its growth strategy in the global market.   The Team of International Advisors comprises Mr. […]

HONG KONG SAR – Media OutReach – 27 January 2021 – Prince Real Estate Group, a member of Prince Holding Group, a leading conglomerate in Cambodia, has successfully conducted an investment agreement ceremony of Prince Square. The project will be the real estate developer’s first commercial retail project in Phnom Penh, Cambodia and it will bring a slew of well-known brand names like Adidas, Levi’s, Skechers, Nike […]

Securing payments in Asia with latest 3-D Secure technology – Omise integrates the EMV(R) 3DS 2.2 protocol using Netcetera’s 3DS Server   ZURICH, SWITZERLAND and SINGAPORE – EQS Newswire – 27 January 2021 –  Securing payments in Asia with latest 3-D Secure technologyOmise integrates the EMV 3DS 2.2 protocol using Netcetera’s 3DS Server The Payment Service Provider Omise has implemented the Netcetera 3-D Secure Server to secure […]

By W. T. Whitney Jr.   In a stunning announcement on January 11, US Secretary of State Mike Pompeo declared that the State Department was designating Cuba “a State Sponsor of Terrorism” for allegedly repeatedly “providing support for acts of international terrorism in granting safe harbor to terrorists.”   This final Trump administration insult to […]

The post In Parting Blow, Trump Administration Hits Cuba With ‘Terrorism’ Declaration first appeared on IPA Newspack.

Niki Frank will expand his remit from managing the business in India to the sub-region of South Asia Yvonne Lee, Head of Strategic Projects for ASEAN and South Asia, will assume a new role as Managing Director in the Philippines SINGAPORE – Media OutReach – 12 January 2021 – DHL Global Forwarding, the leading international provider of air, sea and road freight services, has announced two appointments to its Asia […]

Achieves revenues of over $7M in 9 months (Apr-Dec 2020) while being EBITDA positive in line with its aim to be a $100M business by 2024   The Singapore based e-commerce enabler is in advanced discussions to close a Series B fund raise to fuel its aggressive growth plans   SINGAPORE – Media OutReach – 12 January 2021 – Shopmatic, leading international e-commerce enabler has registered revenues of over […]

Arabian Post Staff | SHUAA Capital announced that it has successfully completed a debt buyout of Stanford Marine Groups AED 1.13 billion (USD 308 million) facility, resulting in a successful outcome for all parties involved, including the participating banks. SMG is one of the most prominent and diversifed offshore services companies in the Middle East, with a focus on chartering, building and repairing offshore support vessels for the […]

Full year contracted sales reached RMB231 billion, up approx. 15% YoY ; Achieved about 100.4% of full year sales target (RMB230 billion)   HONG KONG SAR – Media OutReach – 8 January 2021 –  In December 2020, the Group achieved contracted sales of approx. RMB30.98 billion, representing a YoY increase of approx. 36% (compared to December 2019). Contracted GFA amounted to approx. 2,204,300 sq.m. and contracted ASP was approx. RMB14,100/sq.m. […]

Hit the record for the longest maturity period and the lowest coupon rate of the Group’s offshore bond issuance Optimize the Group’s financing costs and extend debts duration HONG KONG SAR – Media OutReach – 6 January 2021 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer and investor in first-, second- and robust third-tier cities in China, is pleased to […]

316 Solar Panels Built on 6 Rooftops of HKBTS Campus Buildings   HONG KONG SAR – Media OutReach – 5 January 2021 – NEFIN, a leading solar developer and investor in carbon neutrality solutions in Asia, is pleased to announce the implementation of four holistic solar PV systems in the main campus of Hong Kong Baptist Theological Seminary (HKBTS), one of the established seminaries in Hong Kong.  The four solar […]

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