Wall Street suffered a sweeping technology selloff on Thursday as fears over artificial intelligence spending and possible restrictions on data centres drove the Nasdaq Composite into correction territory. The technology-heavy index dropped 5.5 per cent to 24,315, closing nearly 12 per cent below its October peak. The S&P 500 lost 4.4 per cent to 7,353.73, its steepest daily decline since April 2025, while the Dow Jones Industrial […]
Arabian Post Staff -Dubai Dubai’s Emaar Properties has approved a cash offer to acquire the remaining shares in Emaar Development, paving the way for the subsidiary’s potential delisting from the Dubai Financial Market in a transaction worth approximately Dh11.9 billion ($3.24 billion). The board-backed proposal offers minority shareholders Dh15 per share for the 19.8387 per cent stake not already controlled by Emaar Properties and its indirectly wholly […]
MACAU SAR – Media OutReach Newswire – 5 November 2026 – To accelerate the high-quality development of the Big Health industry in the Greater Bay Area (GBA), the “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony”, proudly sponsored by Melco Resorts & Entertainment, concluded successfully today at Studio City. Jointly organized by Hong Kong Ta Kung Wen Wei Media Group (MACAO) and iRad Hospital, the landmark event brought together international pioneers and industry leaders, drawing more than 360 guests including members of the National People’s Congress and the Chinese People’s Political Consultative Conference National Committee, for high-level dialogue and exchange on the latest developments shaping the future of health and longevity.
As the Strategic Sponsor, Melco reinforced its commitment to Macao’s Big Health sector. This advances the vision established with its October 2025 launch of iRad Hospital in partnership with the iRad Medical Group at Studio City—the world’s first and Macao’s only integrated resort hospital equipped with both MRI and CT scanning facilities.
Mr. Lawrence Ho, Chairman & CEO of Melco, said, “As Macao pursues its ‘1+4’ appropriate economic diversification strategy, Melco is proud to support this inaugural wellness and longevity summit. With iRad Hospital at Studio City, we are bridging cutting-edge longevity science and world-class hospitality together under one roof – and today’s exchange of ideas among leading experts from across the world is exactly how Macao will grow into a premier global hub for medical tourism and Big Health innovation. We sincerely thank our co-organizers and the distinguished speakers and experts for sharing their invaluable insights and expertise, which contributed to the success of this inaugural event.”
Featuring an exceptional line-up of 25 global speakers from 10 regions, the Summit delivered a dynamic programme of keynotes and high-level discussions addressing the future of health and longevity. The three highly anticipated keynotes included:
Keynote 1: “One Gene. Cancer. Aging. One Switch” – Presented by Professor Dean Felsher of Stanford University, a leading cancer researcher specializing in oncology and pathology. He currently serves as the Founding Director of the Translational Research and Applied Medicine (TRAM) Program. His pioneering research focuses on the concept of oncogene addiction, utilizing innovative model systems to translate basic science breakthroughs into targeted therapeutics and novel cancer treatments.
Keynote 2: “Don’t Die: One Man’s War on Aging” – Presented by Bryan Johnson, Founder of Blueprint, and Kate Tolo, Co-Founder of Blueprint and Immortals. Together, they are pioneering the global longevity and biohacking movement by transforming rigorous health data tracking into accessible consumer protocols. Their multi-million dollar open-science experiments actively track thousands of biological markers to optimize human healthspan and redefine the limits of aging.
Keynote 3: “The Future of Longevity is Delicious” – Presented by René Redzepi and Peter Kreiner of Noma, a world-famous Copenhagen-based restaurant and food innovation lab. Together, they champion culinary exploration by unlocking the potential of hidden, wild, and treasured natural ingredients through advanced fermentation and foraging. Their work demonstrates how meticulous preparation methods and nutrient-rich, unadulterated ingredients can harmoniously elevate both exceptional flavor and long-term human wellness and longevity.
A series of high-level fireside chats further explored cutting-edge developments across wellness and longevity, science, technology and healthcare, with sessions including “Wellness & Longevity: From Vitality to Science”, “The Convergence of Quantum Computing and Biochemistry in Drug Development”, “Imaging, Omics & AI”, “Data Trust: Privacy and the Future of Health Data” and “Heritage & Innovation: New Pathways for High-Quality TCM Development in the GBA”.
Mr. Dennis Tam, Honorary Chairman of iRad Hospital and President and CEO of Black Spade Capital, said, “Longevity doesn’t begin in a laboratory. It begins with people. At iRad, we are building the Longevity+ brand around exactly that idea — bringing world-class science and genuine human connection under one roof. This first Greater Bay Area Health and Longevity Summit in Macau was proof it works: 360 business leaders, professionals, and entrepreneurs, 25 speakers from 10 regions, and conversations that went far beyond any single keynote — all in just four hours. We are proud to keep building it across the Greater Bay Area and beyond, to the world.”
The event was marked by an opening ceremony officiated by distinguished guests including representatives of the event’s Supporting Units: Mr. Lo Iek Long, Director of the Health Bureau of the Macao SAR Government; Mr. Choi Peng Cheong, Director of the Pharmaceutical Administration Bureau of the Macao SAR Government; Mr. Larry Leong, Acting President of the Board of Directors of the Commerce and Investment Promotion Institute of the Macao SAR Government; and Mr. U U Sang, Deputy Director of the Economic and Technological Development Bureau of the Macao SAR Government; other government officials: Mr. Yang Quanzhou, Deputy Director-General of the Economic Affairs Department of the Liaison Office of the Central People’s Government in the Macao SAR; Mr. Cheong Chok Man, Director of the Policy Study and Regional Development Bureau of the Macao SAR Government; Mr. Lio Chi Chong, Acting Director of the Gaming Inspection and Coordination Bureau of the Macao SAR Government; and Mr. Cheng Wai Tong, Acting Director of Macao Government Tourism Office; Mr. Lawrence Ho, Chairman and Chief Executive Officer of Melco, the event’s Strategic Sponsor; and representatives of the co-organizers: Mr. Zheng Yong Nan, Vice Chairman and General Manager of Hong Kong Ta Kung Wen Wei Media Group; Mr. Dennis Tam, Honorary Chairman of iRad Hospital and President and CEO of Black Spade Capital; Dr. Matthew Ngan, Founder and Chairman of iRad Hospital; and Mr. Kin Wong, CEO of iRad Hospital.
The event culminated in a networking dinner and awards ceremony, honoring 17 outstanding organizations and individuals in the GBA for their contributions to the Big Health industry, medical innovation and the integration of healthcare and tourism.
Hashtag: #Melco #iRad #TaKungWenWei #longevity #GreaterBayArea
https://www.melco-resorts.com
https://hk.linkedin.com/company/melco-resorts-entertainment
https://x.com/MelcoResorts
https://www.facebook.com/MelcoCSR/
Wechat: 新濠博亚娱乐https://www.instragram.com/melco.resorts
The issuer is solely responsible for the content of this announcement.
The Company, with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates City of Dreams (www.cityofdreamsmacau.com) and Altira Macau (www.altiramacau.com), integrated resorts located in Cotai and Taipa, Macau, respectively. Its business also includes the Mocha Clubs (www.mochaclubs.com), the only non-casino based operation of electronic gaming machines in Macau. In addition, the Company operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, the Company operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean, an integrated resort in Limassol, in the Republic of Cyprus (www.cityofdreamsmed.com.cy) and licensed satellite casinos in other cities in Cyprus (the “Cyprus Casinos”). In South Asia, the Company operates the casino and manages the Nüwa hotel at City of Dreams Sri Lanka (www.cityofdreamssrilanka.com), an integrated resort in Colombo, Sri Lanka. For more information about the Company, please visitwww.melco-resorts.com.
The Company is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.
Skyro has operated in the Philippines since 2022, building a registered user base of more than 7 million and an active loan portfolio exceeding US$200 million. In September 2026, the company announced that it had secured approval from Malaysia’s Ministry of Housing and Local Government (KPKT) to provide online moneylending services. Malaysia is Skyro’s second market in Southeast Asia.
Skyro’s first Malaysian product offers new customers cash loans of up to RM1,000 (approximately US$250), with repayment terms of up to four months. The company plans to gradually increase borrowing limits for eligible customers, potentially reaching RM10,000 (approximately US$2,500), as it builds its local lending portfolio.
The application process takes place entirely in the Skyro mobile app, without requiring a branch visit. Malaysian citizens with a valid MyKad and regular income can apply by verifying their identity and providing supporting income documents. Skyro assesses each application individually, taking into account the applicant’s income, existing financial commitments and credit history. Most applicants receive a decision within minutes, with approved funds transferred directly to their bank accounts.
Transparency is a central feature of the new product. Before signing the loan agreement, customers can review their approved loan amount, monthly installments, applicable fees and total repayment obligation, based on a fixed interest rate of 1.5% per month.
Arsen Liametov, co-founder and co-CEO of Skyro, said:
“For many people, financial needs don’t always arise at a convenient time. Whether someone needs to pay for home repairs or an unexpected expense, we want Malaysians to have another option to consider when they need short-term financing. But making credit available is only one part of our service. It’s equally important that customers understand what they’re borrowing, what it will cost and how they’ll repay it before making that decision.”
As its Malaysian business evolves, Skyro hopes to introduce a product with an approved credit limit by the end of 2026 that would enable customers to apply for subsequent loans more easily once they have established a repayment record with the lender. Skyro will use insights from its initial cash-loan offering to adapt future products to Malaysian consumers’ needs and borrowing habits as it works towards building a financial ecosystem.
The launch comes as Malaysia steps up efforts to tackle illegal moneylending, including unlicensed Ah Long lenders and fraudulent loan apps. For consumers with limited access to traditional bank credit, licensed digital cash loans and revolving credit lines can provide a safer, more transparent alternative, combining convenient access to financing with clear repayment terms and responsible lending practices.
Hashtag: #Skyro
The issuer is solely responsible for the content of this announcement.
Skyro is a high-growth, digital-first fintech group delivering scalable, responsible financial access across high-potential emerging markets. Launched in the Philippines in 2022, the group now has more than 7 million registered users and a credit portfolio exceeding US$200 million.
Powered by proprietary data science, AI-driven credit decisioning and alternative-data scoring, Skyro combines a mobile-native experience with modular fintech architecture to serve underserved customer segments at scale.
Founded by Arsen Liametov and Nasim Aliev through a management buyout, Skyro is financed through a balanced combination of private capital, debt facilities and strategic equity investment from GCC-based investors. The company is expanding into new markets as it seeks to build a diversified financial services business across emerging economies.
Arabian Post Staff -Dubai Abu Dhabi’s Ta’ziz has completed $1.39 billion (Dh5.1 billion) in financing for a chemicals terminal and an ammonia plant in Ruwais, with both transactions attracting commitments above the amounts sought. The company announced the financial close on Wednesday at the Adipec 2026 energy exhibition. More than $928 million was arranged for the Ta’ziz Terminal project, including $225 million in Islamic financing, while the […]
Arabian Post Staff -Dubai Middle Eastern governments are assessing the risk of renewed American strikes against Iran after Democrats swept the US midterm elections, weakening President Donald Trump politically while leaving his military powers largely intact. The November 3 vote gave Democrats control of both chambers of Congress amid public anger over living costs and the eight-month conflict. Its implications for Washington’s confrontation with Tehran remain uncertain, […]
Arabian Post Staff -Dubai Abu Dhabi Investment Authority has joined I Squared Capital and aircraft lessor Avolon to establish Constellation Aviation, a leasing investment platform expected to acquire 22 aircraft valued at $1.4 billion. The agreement, announced on 2 November, brings together a wholly owned subsidiary of the Abu Dhabi sovereign wealth fund, the Miami-based infrastructure investor and Dublin-based Avolon. The initial aircraft portfolio is already leased […]
HONG KONG SAR – Media OutReach Newswire – 4 November 2026 – The annual flagship event Cyberport Venture & Capital Forum 2026 (CVCF) officially opened today at Hong Kong Cyberport. The two-day forum, themed “Scaling in a Changing World: Winning the Next Competitive Cycle”, brings together over 80 influential global venture capitalists, entrepreneurs and industry leaders to explore new frontiers in global venture trends, capital rerouting, Enterprise and Agentic AI, One-Person Companies (OPCs), digital assets, frontier technologies, and tokenisation economy, aiming to spotlight Hong Kong’s unique position as a strategic gateway connecting the Chinese Mainland, ASEAN, the Middle East, Central Asia and global innovation and funding networks. The forum also showcases the latest fundraising achievements of Cyberport start-ups.
The forum was inaugurated by Lillian Cheong, Acting Secretary for Innovation, Technology and Industry and Simon Chan, Chairman of Cyberport, and other distinguished guests at the opening ceremony, marking the official start of this global forum.
Lillian Cheong, Acting Secretary for Innovation, Technology and Industry, said “Turning AI potential into sustainable growth requires more than technology. It also requires investment, business expertise and access to markets. This is where today’s forum can make a difference – bringing innovators and investors together to explore emerging technologies, support promising ventures and open doors to new opportunities. The HKSAR Government will continue to strengthen the support that helps promising ventures grow as well its investment to mobilise more private capital, consolidating Hong Kong’s position as an international innovation and technology centre, and as a premier hub for AI.”
Simon Chan, Chairman of Cyberport, said: “In a shifting global capital landscape, Hong Kong’s role as a ‘super-connector’ and ‘super value-adder’ between the Chinese Mainland and the world is more valuable than ever. The cross-border dialogue and partnerships forged here will create fresh opportunities for innovation, investment and collaboration.”
Cyberport Start-ups Show Robust Fundraising as AI and the Agentic Economy Take Centre Stage
Cyberport’s start-ups have demonstrated robust fundraising performance over the past year. Cyberport gathers over 2,400 companies, Cyberport start-ups have raised over HK$74.5 billion in funding. During the year, Cyberport proudly welcomed 19 listed companies and 2 unicorns to its community. Recent high-value fundraising rounds include Finloop, Qupital and Premialab, leverage AI, blockchain and digital assets — reflecting sustained market confidence in these emerging technologies and underscoring Cyberport’s success in fostering their development.
CIN Celebrates 9th Anniversary, Connecting Global Capital with High-Potential Start-ups
As Hong Kong’s digital tech hub, AI accelerator and key incubator, Cyberport actively connects global investors with start-ups through diverse funding channels.
The CIN 9th Anniversary Celebration commemorated a successful nine-year milestone while ushering in a new chapter of leadership, as the chairmanship passed from Hendrick Sin to John Ng. To honour this pivotal handover, Hendrick Sin, Hon. Duncan Chiu, and Cindy Chow were officially designated as Honorary Chairs of CIN in recognition of their distinguished contributions to the ecosystem.
Hendrick Sin, Honorary Chair of CIN; Co-Founder of CMGE Technology Group Limited; Chairman of China Prosperity Capital, stated in his video speech, “CIN has facilitated over HK$6 billion in investments across more than 130 projects since its inception, reflecting strong investor confidence in Cyberport companies. Looking ahead, we will strengthen the quality and depth of our deal flow, enhance structured capital partnerships to broaden access to funding at different growth stages, and deepen our relationships with CVCs, PE firms, family offices and LPs, further diversifying CIN’s investor network. Through these efforts, CIN will continue to connect promising companies with the right capital, expertise and networks needed to scale and succeed.
John Ng, Chairman of CIN, added in his speech, “I’m honoured to be appointed Chairman of CIN. The network has grown to nearly 250 investment firms, an achievement that reflects the tremendous efforts of Hendrick and the CIN team over the past years. Drawing on my background in corporate venture capital and family offices, one of my priorities will be to expand CIN’s network within these communities and take CIN into its next chapter.”
Another key financing channel, CMF, has invested in 30 start-up projects as of September 2026, with total investment including co-investments exceeding HK$2.7 billion and a co-investment ratio of over 1:9.3. Further augmenting ecosystem liquidity, Cyberport, BOCHK Asset Management and BOC Group Investment formed a strategic partnership in May 2026, as well as with Taiping Financial Holdings in Aug 2026 on venture capital funds to back promising Hong Kong I&T start-ups.
Strategic Partnerships to Unlock Global Growth Corridors
At the Forum, Cyberport signed two Memorandums of Understanding (MoUs), with Gobi Partners and with Thailand’s National Innovation Agency (NIA), to solidify global corridors for cross-border expansion.
Cyberport and Gobi Partners signed a Memorandum of Understanding (MoU) to deepen collaboration in nurturing innovation and technology enterprises, facilitating market expansion and investment opportunities, and strengthening the innovation ecosystems of Hong Kong, Asia and the Middle East.
Building on a longstanding partnership, Gobi has invested in more than 24 Cyberport companies, including CMF co-investments. Witnessed by Lillian Cheong, Acting Secretary for Innovation, Technology and Industry, Simon Chan, Chairman of Cyberport, and Chibo Tang, Managing Partner, GBA Team of Gobi Partners, the MoU was signed by Dr Rocky Cheng, CEO of Cyberport, and Fred Li, Managing Director, GBA Team of Gobi Partners.
Meanwhile, Cyberport and Thailand’s National Innovation Agency (NIA) signed an MoU to promote cross-border innovation collaboration, startup development and knowledge exchange in AI, smart city and other digital technologies. It will cover soft-landing and market expansion, business matching, innovation programmes and community engagement, joint events, and proof-of-concept and pilot opportunities. The MoU was witnessed by Lillian Cheong, Acting Secretary for Innovation, Technology and Industry, Simon Chan, Chairman of Cyberport, and Preechaya Panyakrua, Innovation Counsellor of NIA, and signed by Dr Rocky Cheng, CEO of Cyberport, and Dr Krithpaka Boonfueng, Executive Director of NIA.
Decoding the New Playbook for Scaling in the Age of AI
This year’s CVCF programme is organised around three umbrella themes: Mega Trends & AI Frontiers, Regional Market Focus & Global Corridors, and Market Focus & Strategic Capital Dynamics.
Opening the main stage, Mahesh Krishnaswamy, Founder and CEO of Taara, delivered the keynote “The Innovation Playbook: Capitalizing on Moonshots and Faster Cycles in the Age of AI”, sharing how Taara evolved from a radical moonshot into a real-world high-speed optical communications solution — a timely lens on compressed innovation cycles and how breakthrough technology scales.
The forum also brought together venture capital leaders from Gobi Partners, Alumni Ventures, Rasmal Ventures, Primavera Capital, Draper Dragon, Pegasus Tech Ventures, Plug & Play and more to examine AI-driven capital shifts, high-growth corridors across the Middle East, ASEAN and the Greater Bay Area, and how public-private and corporate strategic capital can accelerate tech scale-ups.
Beyond the thought leadership sessions, the event further reinforced Cyberport’s role in connecting capital, innovation and global market opportunities. It also provided a dynamic platform for business matching and startup empowerment. This year’s Founder Pitch attracted strong interest from local and international venture capital firms, enabling startups from early-stage innovators to high-growth scale-ups to present their cutting-edge solutions to investors and ecosystem partners.
Throughout the first day, the event floor featured tailored Investor Matching sessions, dynamic Innovator Showcases featuring elite, high-potential startups across key tech sectors from local and global partner networks, and dedicated Startup Clinics offering practical strategic guidance. Coupled with engaging networking exchanges, Day one concluded on a positive note, reinforcing Cyberport’s ongoing role in connecting capital, innovation, and global market opportunities.
Day two will feature the CVCF’s spotlight event “Agentic Economy Summit”, themed “Intelligent Frontiers, Tokenised Horizons”, featuring a keynote address by Joseph Chan, Under Secretary for Financial Services and the Treasury, and will explore how agentic AI is reshaping business and how digital assets are redefining the way value moves. The summit will examine digital identity, institutional tokenisation, HKD stablecoins, programmable payments and machine-to-machine commerce, alongside the rise of OPCs. Day two also features hands-on startup workshops designed to equip founders with practical playbooks for pitch mastery and market scaling.
For more information on Cyberport Venture & Capital Forum 2026 and the speaker line-up, please visit http://cvcf.cyberport.hk/.
Hashtag: #Cyberport
The issuer is solely responsible for the content of this announcement.
Wholly owned by the Hong Kong Special Administrative Region (HKSAR) Government, Cyberport is Hong Kong’s digital tech hub and AI accelerator, with a vision to empower industry digitalisation and intelligent transformation, to promote digital economy and AI development, and to foster Hong Kong to be an international AI, innovation and technology (I&T) hub. Cyberport gathers over 2,400 companies, including 30 listed companies and 10 unicorns. 40% of onsite companies’ founders come from 28 countries and regions, while Cyberport companies have expanded to over 36 global markets.
Cyberport, with Hong Kong’s largest AI Supercomputing Centre and AI Lab as the engine, has been building the AI ecosystem with industry-leading AI companies and over 500 AI and data science start-ups. Through development of tech clusters, namely AI, data science, blockchain and cybersecurity, Cyberport empowers industries across smart city and government, banking and finance, digital entertainment, culture and tourism, healthcare, education and training, property management, construction, transportation and logistics, green environment and more, while hosting Hong Kong’s largest FinTech community. Commissioned by the HKSAR Government, Cyberport has implemented proof-of-concept and sandbox schemes, subsidisation for digital tech adoption, industry tech training and start-up incubation, to drive technology R&D, translation and commercialisation, thus propelling digital transformation and intelligent upgrade across industry and society.
Also as “State-level Scientific and Technological Enterprise Incubator” and Hong Kong’s key incubator, Cyberport supports entrepreneurs with funding and office space, extensive networks of enterprises, investors, technology corporations and professional services for business growth and expansion to Chinese Mainland and overseas markets, all-round facilitation for landing in Hong Kong, talent attraction and cultivation, ready as a launchpad to take start-ups in any stages of development to the next level.
For more information, please visit https://www.cyberport.hk/en.
Dubai, [November 4]: xCube has announced that Entrust Capital Limited (“Entrust”), a firm authorised and regulated by the Dubai Financial Services Authority (“DFSA”), will participate on xCube Access. Through the platform, eligible investors will be able to have their portfolios managed by investment professional advisors from Entrust and access Entrust’s managed portfolios through a streamlined digital experience. Established in 2018, Entrust is a boutique asset management and […]
Arabian Post Staff -Dubai Energy executives and ministers at ADIPEC 2026 called for greater investment in electricity grids, storage and supply chains on Tuesday as artificial intelligence and industrial electrification add pressure to global power systems. The second day of the Abu Dhabi conference concentrated on the infrastructure required to deliver growing volumes of energy reliably, with speakers warning that expanding generation alone would not resolve bottlenecks […]
Arabian Post Staff -Dubai Abu Dhabi’s XRG has agreed to acquire Shell’s 16.67 per cent interest in Australia’s North West Shelf liquefied natural gas project for $1.45 billion, marking its first investment in the country’s LNG industry. The agreement, announced on Tuesday, covers Shell Australia’s non-operated holding in the Woodside Energy-managed development in Western Australia. The base purchase price is subject to customary adjustments, with an additional […]
MUSCAT, ABU DHABI/HONG KONG SAR – Media OutReach Newswire – 4 November 2026 – mamun, the Sharia-compliant platform building capital infrastructure for trade finance, has raised a US$3 million seed round led by Phaze Ventures through its Oman Fund, with participation from Jasoor Ventures.
An exporter in Muscat ships today and gets paid in 60 to 90 days. Banks rarely bridge that gap, as they usually rely on a long financial track record that many small exporters find hard to provide. The Asian Development Bank puts the global trade finance gap at US$2.5 trillion, and 41% of SME trade finance applications are turned down.
mamun’s AI-native underwriting assesses the company behind the trade, alongside the shipment itself: the contract, the buyer, the trade documents and the trading history between them. Its origination engine finds and screens that trade as it forms. Then investors on the platform finance the gap.
The hard part is the border. A cross-border transaction spans two regulators, two banking systems and two legal regimes, with settlement that has to land in another jurisdiction on time, and the collateral is in motion, travelling with the goods along the route.
That complexity is why most of the region’s financing platforms have stayed domestic, and it is mamun’s moat. The platform was built across the corridor: an FSA-regulated home and origination base in Muscat; Abu Dhabi for Gulf capital and UAE flows; and Hong Kong SAR, the financing gateway of the Belt and Road Initiative, for the Greater Bay Area and the Gulf–Asia trade routes.
Roughly 40% of the platform’s trade finance settlements already clear through Hong Kong-based financial institutions and businesses.
mamun’s licence sits within the FSA’s crowdfunding framework, which allows the platform to bring in investors from inside and outside the Sultanate, and to finance companies inside and outside the Sultanate, subject to the platform’s eligibility criteria and the laws applicable in each investor’s country.
The corridor is growing. Oman’s non-oil exports ran about 10% higher year-on-year through the first seven months of 2026 and re-exports 13.6% higher, with the UAE its largest non-oil trading partner. New corridors bring new counterparties: businesses trading together for the first time, with no shared history for a lender to underwrite against.
The round brings together capital from Oman and the UAE: Phaze Ventures invests through its Oman Fund, dedicated to homegrown, AI-enabled Omani businesses, and Jasoor Ventures is an early-stage venture capital firm backing technology founders across the Middle East, North Africa, and Turkey.
The US$3 million will scale that AI-native origination and underwriting, growing the volume of trade the platform can originate, assess and finance along the Greater Bay Area – Oman – UAE corridor. It is where the industry is heading: 84% of banks in the Asian Development Bank’s January 2026 survey already apply AI to trade finance risk. mamun was built that way from origination onward.
“Our thesis is backing the homegrown companies that turn Oman’s diversification agenda into regional infrastructure. mamun is exactly that — structured across the corridor, and built by a team that has executed quietly and precisely. It is a natural commitment from the Oman Fund.”
— Abdullah Al Shaksy · Co-Founder & CEO, Phaze Ventures
mamun was founded by Saleh Al Tamami, Co-Founder & CEO, Mohammed Al Tamami, Co-Founder & Chief Commercial Officer, and Ahmed Al-Issaei, Co-Founder & CTO, and was named a Rising Star on the Deloitte Technology Fast 50 Middle East 2025, ranking 26th.
This announcement is for information only and does not constitute an offer or invitation to invest. mamun is not licensed by the Securities and Futures Commission of Hong Kong (SFC).
Hashtag: #mamun
The issuer is solely responsible for the content of this announcement.
mamun builds capital infrastructure for trade finance. The platform is Sharia-compliant, licensed and regulated by the Financial Services Authority of Oman (FSA Licence CMI051). This licence covers the Omani entity only. The group also has entities in Abu Dhabi and Hong Kong SAR. It connects businesses and investors to finance cross-border trade — exports, imports and the working capital that moves goods between markets.
Founded in 2018, Phaze Ventures is Oman’s oldest private venture capital firm. Headquartered in Oman, with a presence in Saudi Arabia and the UAE, it backs early-stage AI and deeptech companies globally and homegrown technology businesses through the Oman Fund.
Jasoor Ventures, meaning “courageous” in Arabic, is an ADGM-based venture capital firm, investing across the Middle East, North Africa, and Turkey. 
Building on the firm’s deep-rooted expertise in semiconductors and deep technology, Ondine Capital Fund III will invest across the full AI value chain—spanning AI foundation models, next-generation semiconductors, AI infrastructure, AI-native software, and physical AI applications.
Ondine Capital Fund III’s early portfolio highlights include:
Partner Appointment to Boost Global Ecosystem
Coinciding with the first close, Ondine Capital announced the appointment of Brian Yen as Partner, reinforcing the firm’s global sourcing and founder network.
Prior to joining Ondine Capital, Brian Yen served as Principal and Head of the Taipei Office at Headline Asia, where he cultivated an extensive network across Japan, Taiwan, and Southeast Asia. His investment track record spans consumer technologies, agentic services, and physical AI, with notable investments including respond.io, forest inc., Braid, and iMotorbike. At Ondine Capital, Brian Yen will focus on backing early-stage founders building intelligent software and physical AI platforms.
“The convergence of AI and semiconductors is unleashing unprecedented opportunities across global tech,” said Brian Yen. “As these technologies mature, we anticipate monumental value creation throughout the entire stack. Through Fund III, we look forward to empowering visionary founders who are shaping the future of computing and industry applications.”
Ondine Capital continues to actively deploy capital and evaluate global investment opportunities in breakthrough, category-defining companies across the AI and semiconductor landscape.
Hashtag: #OndineCapital #RSI #BotAuto #SalienceLabs
The issuer is solely responsible for the content of this announcement.
Ondine Capital is a premier venture capital firm focused on frontier technologies, including semiconductors, artificial intelligence, enterprise software, clean energy, and emerging technology platforms. The firm backs visionary founders from inception, providing strategic support and access to a robust global network of industrial partners, investors, and entrepreneurs.
A ‘blue wave’ would create clear winners and losers across the US stock market. If Democrats take both chambers, hospitals, defence contractors and clean energy look likely to gain, while drugmakers, data centres and banks stand to come off worst. A sweep now looks more likely than not. Prediction markets give Democrats better than a 90% chance of taking the House. The Senate is tighter, with Republicans […]
By Satyaki Chakraborty As the Americans are going to the polls on Tuesday, November 3, there is a new focus in the intensely contested elections between the ruling Republicans and the Democrats which concern both the President Donald Trump and the Democratic national leadership led by its Chair Ken Martin. Both are interested in seeing […]
The article Can Bernie Sanders Ensure Enough Left Representation In New Congress? appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
SINGAPORE – Media OutReach Newswire – 3 November 2026 – Bridge Data Centres (BDC) is pleased to announce the appointment of Mr Drew Chen as Co-Chief Executive Officer (Co-CEO), effective 1 November 2026. He will work alongside Mr Eric Fan, BDC’s Co-CEO, as a key member of the leadership team to accelerate the Company’s growth across Asia Pacific and beyond.
Mr Chen brings over 20 years of private equity experience, with a focus on the telecommunications, media, technology, and business services sectors. He previously served as a Senior Partner at Bain Capital and was a founding member of the firm’s Asia Pacific private equity team. Prior to Bain Capital, Mr Chen worked at Bain & Company. He holds a bachelor’s degree in economics from Harvard University and an MBA from Harvard Business School.
Hashtag: #BridgeDataCentres
https://www.bridgedatacentres.com/https://th.linkedin.com/company/bridgedc
The issuer is solely responsible for the content of this announcement.
Austria’s bank99 is expanding into small-business banking with a new range of accounts, savings products and payment cards, using the country’s extensive postal network to reach companies beyond major cities. The Austrian Post-controlled lender announced the business99 offering on Monday, targeting sole traders, partnerships and incorporated companies. Its strategy combines digital account opening with access to banking assistance and cash services at post offices and postal partners […]
HONG KONG SAR – Media OutReach Newswire – 3 November 2026 — XTransfer, the world’s leading B2B cross-border trade payment platform, and Bank of China (Hong Kong) (“BOCHK”) are pleased to announce the signing of a cooperation agreement. The two parties will work together to expand their international business, providing one-stop cross-border financial services, including global collections, payments, and foreign exchange, for enterprises engaged in international trade in Hong Kong and around the world.
Coinciding with Hong Kong FinTech Week 2026, Mr Martin Liu, Vice President of XTransfer and Ms Winnie Fan, Deputy General Manager of the Global Corporate Banking Department of BOCHK, officially signed the cooperation agreement at the XTransfer booth, witnessed by Mr Bill Deng, Founder and CEO of XTransfer and Mr Liu Chao, General Manager of the Global Corporate Banking Department of BOCHK, marking a new stage in the partnership between the two parties.
Under this cooperation, XTransfer and BOCHK will collaborate in depth across business areas including global collections, payments, and foreign exchange. Leveraging BOCHK’s professional capabilities in cross-border settlement and foreign exchange trading, as well as its unique position as the RMB clearing bank in Hong Kong, combined with XTransfer’s self-built globally unified B2B cross-border settlement network and risk management system, the two parties will jointly create an efficient, lower-cost, and compliant fund collection, payment, and currency exchange experience for foreign trade enterprises. Under this cooperation model, XTransfer is the first corporate partner of BOCHK.
As the cooperation progresses, foreign trade enterprises in Hong Kong and around the world will be able to access global cross-border collection, payment, and foreign exchange services more conveniently, meeting their multi-currency transaction and settlement needs across different markets. Both parties expect that by reducing the handover points in cross-border transaction processes, they can enhance the service experience and capital turnover efficiency, helping enterprises seize global trade opportunities more flexibly.
This cooperation also reflects XTransfer’s continuously deepening Financial Institution Partnership Model. Financial institution partners can act as “Co-builders“, providing cross-border collection, payment, and foreign exchange capabilities; at the same time, through XTransfer’s network covering over one million business customers, they can reach more enterprise customer segments with cross-border financial service needs, achieving complementary capabilities and shared strengths.
Mr Bill Deng, Founder and CEO of XTransfer, said, “We are very honored to sign the cooperation agreement with BOCHK during Hong Kong FinTech Week. BOCHK is one of Hong Kong’s most representative banks, with deep expertise in cross-border settlement and foreign exchange services. This cooperation combines the strengths of both parties, enabling SMEs to enjoy cross-border financial services of the same standard as large multinational corporations. Going forward, we will continue to refine our compliance and risk control capabilities and work with more financial institution partners to build trustworthy cross-border financial infrastructure.”
Hashtag: #XTransfer #BOCHK #Partnership #Crossborder #Payment #SMEs
https://www.xtransfer.comhttps://www.linkedin.com/company/xtransfer.cn
The issuer is solely responsible for the content of this announcement.
XTransfer is the world’s largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. Founded in 2017 as one of the first payment platforms worldwide dedicated to B2B cross-border trade, we serve the largest customer base of over 1 million business customers globally.
We connect top-tier financial institutions directly to SMEs, the backbone of global trade, giving businesses of every size access to the same secure, compliant and seamless payment infrastructure once reserved for multinationals. As of March 31, 2026, we provide payment services across more than 200 countries and regions through partnerships with financial institutions, including some of the most established international banks around the world.
XTransfer has obtained required licenses in major hubs, including the Chinese Mainland, Hong Kong SAR, the United Kingdom, the United States, Singapore, the Netherlands, Australia and Canada.
For more information, please visit: https://www.xtransfer.com
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