Arabian Post Staff -Dubai Emirates NBD has agreed to acquire HSBC Egypt’s retail banking business, gaining its customer accounts, branches, cash machines and associated employees in a transaction expected to strengthen the Dubai-based lender’s position in one of the Arab world’s largest financial markets. The acquisition will be conducted through Emirates NBD Egypt, the banking group’s wholly owned subsidiary. Completion is targeted for the second half of […]
Arabian Post Staff -Dubai Emirates NBD has agreed to acquire HSBC Egypt’s retail banking business, adding its customers, branches, cash machines and supporting employees to the Dubai-based group’s growing operations in one of the Middle East’s largest consumer markets. The transaction will be conducted through Emirates NBD Egypt, the banking group’s wholly owned local subsidiary. It remains subject to regulatory approvals and customary closing conditions and is […]
HONG KONG SAR – Media OutReach Newswire – 2 August 2026 – The Eugene BB Expo, Hong Kong’s largest annual maternity and baby grand event, grandly opened at the Hong Kong Convention and Exhibition Centre. XINGZISHAN, an original Chinese functional kids’ loungewear brand from mainland China, staged its highly anticipated debut at the exhibition. Blending Eastern and Western aesthetics with premium craftsmanship, the brand leverages the Greater Bay Area as a strategic gateway to complete its landmark Hong Kong & Macau market premiere, officially kicking off its overseas expansion journey.
Mainland Original Base Layer Specialist Debuts at Hong Kong’s Top Baby Expo
Founded to solve real parenting pain points, XINGZISHAN focuses on essential close-fitting apparel for children. The brand independently develops high-performance fabrics featuring seamless skin-friendly construction, anti-allergy skincare protection, breathability and quick-dry properties. It has built a full matrix of kids’ base layers tailored to tropical subtropical Hong Kong parenting needs, addressing common challenges including kids’ excessive sweating, sensitive skin, temperature fluctuations between day and night, and multi-scenario indoor & outdoor wear.
Long dominated by overseas and Hong Kong maternity brands, the Eugene BB Expo delivers dual value for end-consumer retail traffic and cross-border business matching, with few mainland original kids’ base layer brands participating in previous editions. Bringing its complete lineup of functional children’s base layers to the expo, XINGZISHAN stood out as a distinctive representative of original mainland brands. Through differentiated original design and robust product performance, the brand showcased the premium quality and humanistic warmth of Chinese independent kids’ wear labels.
Original Mission: One Base Layer, Endless Comfort for Kids’ Unrestrained Growth
XINGZISHAN adheres to its core brand ethos — “From Base Layer to Life Backing, Safely is Basic”. Beyond crafting soft inner layers, the brand creates safe, professional, well-fitted and stylish functional apparel to safeguard children’s freedom to explore, while easing parents’ stress over daily kids’ outfit selection.
Speaking at the booth, Zhang Yangzhi, Founder of XINGZISHAN, shared the brand’s founding vision: “Base layers stay close to children’s skin every single day, forming the most fundamental layer of protection as they grow. We aim to perfect this intimate daily essential, using professional fabrics and tailored cuts to support kids’ unrestrained childhood.”
Throughout the exhibition run, the brand’s booth drew steady crowds of Hong Kong expectant mothers, local parents, cross-border families and maternity retail procurement buyers. Many mums commented that XINGZISHAN’s sweat-wicking, non-chafing seamless fabrics perfectly fit Hong Kong’s humid climate and kids’ active daily routines. The versatile loungewear pieces that transition effortlessly from bedroom to outdoor outings greatly simplify parents’ daily childcare routines.
The brand also addresses a key consumer pain point for fathers, who often struggle to find kids’ clothing balancing appealing aesthetics and reliable quality. With premium fabric texture and child-centric aesthetic design, XINGZISHAN earns consistent family approval, cementing its position as a top household apparel choice.
Cultural Exchange: Oriental Inspirations Meet Minimalist Western Design
This debut at the Eugene BB Expo marks a critical milestone in XINGZISHAN’s global expansion, as well as a vivid showcase of Chinese kids’ wear cultural export. The booth space integrates brand storytelling, natural fabric displays and parenting philosophies, paired with local Hong Kong touches such as tram elements to boost visitor engagement.
Breaking away from the cluttered heavy prints typical of traditional Chinese-style children’s clothing, XINGZISHAN harmoniously fuses Eastern culture with Western minimalism. Drawing visual motifs from ginkgo leaves, wheat ears and auspicious cloud patterns, the brand pairs them with clean, streamlined silhouettes iconic to Western kids’ fashion, alongside soft, low-saturation natural tones that strike an ideal balance between practicality and gentle aesthetic charm.
Global Expansion Roadmap: Hong Kong as the Springboard for Overseas Growth
Capitalizing on Hong Kong’s unique geographical advantage as “backed by Mainland China, connected to the world” and its role as a super connector, XINGZISHAN seizes the Eugene BB Expo platform to connect deeply with Hong Kong & Macau maternity retail channels, chain stores and procurement resources. The brand will rapidly penetrate local Hong Kong and Macau markets, establishing a direct supply chain from mainland original kids’ wear brands to regional families.
Moving forward, XINGZISHAN plans to steadily expand into Southeast Asian markets. It will bring Chinese kids’ apparel R&D expertise and Eastern parenting aesthetics to the Greater Bay Area and international audiences, paving the way for original domestic children’s wear brands to shine on a broader global stage.
Hashtag: #XINGZISHAN
The issuer is solely responsible for the content of this announcement.
FIFA president Gianni Infantino has abandoned a proposal to sell a stake in the World Cup’s commercial operations to private investors after opposition from football authorities threatened to fracture the global game. Infantino confirmed that the FIFA Forward Enterprise project “will not proceed”, acknowledging that it had created divisions that were no longer compatible with the governing body’s stated aim of uniting and developing football. The reversal […]
Russia has prohibited cryptocurrency mining across Moscow, the surrounding Moscow Region and parts of the Kursk Region until the end of 2032, widening restrictions designed to protect electricity networks from power-intensive digital currency operations. The measure will take effect on August 15, 2026, and remain in force until December 31, 2032. It covers both the mining of digital currencies and participation in cryptocurrency mining pools, closing a […]
The Democratic Republic of the Congo’s Ebola outbreak has become the second largest recorded worldwide, with confirmed infections surpassing the total from the country’s devastating 2018-2020 epidemic. Health ministry data issued on Friday showed 3,532 confirmed cases and 1,556 deaths. The outbreak has expanded rapidly across five eastern provinces since it was formally declared on May 15, placing immense pressure on an already fragile health system affected […]
The UK Games Fund has selected 29 independent studios for grants of up to £100,000, marking the largest funding cohort since the programme began in 2015. The companies will use the Prototype Fund awards to develop original intellectual property, test projects with players and strengthen their ability to attract publishers or private investment. The grants will primarily cover employment costs for UK-based staff and contractors involved in […]
The European Union has invited bids to build as many as seven artificial intelligence gigafactories, launching a public-private investment drive worth more than €30 billion to expand Europe’s computing capacity and reduce its dependence on foreign technology providers. The facilities will combine more than 100,000 advanced AI processors with specialised software, secure cloud systems, high-speed networks, large-scale storage and energy-efficient data centres. They are designed to support […]
Bitcoin is shifting from speculative traders to long-term holders, but weak demand is preventing the tightening supply structure from producing a convincing price recovery. On-chain indicators show that coins are changing hands less frequently as investors with longer holding horizons expand their share of the network’s realised value. Short-term holders now account for about 23% of Bitcoin’s realised capitalisation, a multi-year low, while the long-term holder share […]
Two transactions worth about $18 billion have reinforced private investors’ appetite for Gulf assets despite geopolitical disruption, tighter credit conditions and growing scrutiny of regional risk. The deals combine a $16 billion partnership involving Kuwait’s crude oil pipeline network and the roughly $2 billion first close of a Saudi-focused private equity fund backed by the Public Investment Fund. Together, they illustrate how infrastructure and sovereign-linked investment platforms […]
Investcorp Capital’s net profit fell 46% to $44 million for the financial year ended June 30, as higher borrowing costs, softer asset valuations and the timing of private-market exits weighed on earnings. The Abu Dhabi-listed alternative investment company had reported net profit of $81 million in the previous financial year. Gross operating income declined 24% to $94 million from $124 million, reflecting a more difficult environment for […]
Arabian Post Staff -Dubai UAE sovereign wealth funds and private companies are preparing to expand investments in India, targeting artificial intelligence, logistics, food security and infrastructure as the two countries deepen their economic partnership. Several significant announcements are expected over the coming months, UAE Ministry of Investment Undersecretary Mohammad Abdulrahman Alhawi said, highlighting sustained interest among government-backed funds and businesses in opportunities across the country. “Our sovereign […]
FIFA has abandoned plans to sell a stake in the commercial business surrounding its global tournaments after football associations threatened to boycott competitions and senior executives challenged the proposal’s secrecy. President Gianni Infantino confirmed that the governing body would not proceed with the project, acknowledging that it had created divisions across world football. The reversal followed opposition from UEFA’s 55 member associations and resistance from Concacaf, leaving […]
Arabian Post Staff -Dubai Investcorp has acquired a majority stake in Berger Financial Group, entering North America’s wealth management market through a platform overseeing more than $3 billion in client assets. Financial terms of the transaction were not disclosed. Berger’s management team and financial advisers will retain a significant ownership interest, while the company’s existing leadership will continue to manage its day-to-day operations. Investcorp will gain representation […]
Arabian Post Staff -Dubai The UAE has abolished 15 capital-market fees while raising selected charges linked to public offerings, combining broad cost relief for financial firms with higher pricing for regulatory work on complex transactions. The Capital Market Authority approved the changes after reviewing fees covering services and activities under its supervision. The overhaul is intended to simplify the charging structure, remove costs that no longer serve […]
Russia has moved closer to opening a regulated cryptocurrency market while Washington struggles to complete its own digital-asset framework, creating a sharp contrast between state-controlled certainty in Moscow and political deadlock in the United States. The State Duma approved legislation governing cryptocurrency trading in its second and third readings on July 21. The measure must complete the remaining constitutional steps, including consideration by the Federation Council and […]
Major cryptocurrencies traded within narrow ranges on Thursday as Asian semiconductor shares stabilised after Samsung Electronics reported a dramatic rise in chip earnings, easing pressure across technology-linked risk assets. Bitcoin hovered near $64,100, while Ether changed hands around $1,905. XRP traded at about $1.07, Solana near $74 and BNB around $572. Tron was little changed at roughly $0.33, while Hyperliquid’s HYPE token slipped towards $54. Trading activity […]
Masdar and Montenegro’s state power utility have moved a planned 2-gigawatt renewable energy partnership into execution, signing agreements for two solar plants and exploring large-scale pumped hydro storage. Abu Dhabi Future Energy Company, known as Masdar, and Elektroprivreda Crne Gore, or EPCG, will jointly develop the 115-megawatt Štedim solar photovoltaic project and the 35-megawatt Krupac solar plant. The agreements cover 150 MW of initial generation capacity under […]
HANOI, VIETNAM – Media OutReach Newswire – 30 July 2026 – Moody’s Ratings has released its latest credit rating report on Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB), upgrading several key credit rating categories, including the Baseline Credit Assessment (BCA) to Ba3, the Long-term Counterparty Risk Rating (CRRs) to Ba2, and the Long-term Counterparty Risk (CR) Assessment to Ba2(cr); while maintaining SeABank’s Ba3 Long-term (LT) bank deposit and issuer ratings. Moody’s also changes the Bank’s outlook to Positive from Stable.
The ratings reflect SeABank’s increasingly strengthened financial fundamentals and governance capabilities.
Accordingly, the reaffirmation of SeABank’s Ba3 local currency (LC) and foreign currency (FC) LT bank deposit and issuer ratings, together with the change in outlook to Positive from Stable, reflects the Bank’s strengthened intrinsic credit profile. This is evidenced by the upgrade of SeABank’s BCA and Adjusted BCA from B1 to Ba3, reflecting Moody’s view that the Bank’s solvency profile has strengthened, supported by stable asset quality, stronger capital and risk management.
In addition, the upgrade of SeABank’s LT FC and LC CRRs to Ba2 and LT CR Assessment to Ba2(cr) demonstrates a positive assessment of the Bank’s ability to meet its financial obligations to counterparties. These upgrades further reinforce SeABank’s reputation in the financial market and enhance its ability to expand partnerships and access funding from domestic and international financial institutions.
Moody’s also expects SeABank’s credit profile to benefit from ongoing efforts to diversify its funding base and improve funding stability over the next 12–18 months. The agency also believes SeABank has the potential for a one-notch rating upgrade if Vietnam’s sovereign rating is upgraded in the future.
The report also notes that SeABank’s asset quality remained broadly stable, with non-performing loans ratio (NPL) maintained at an appropriate level and new delinquencies expected to remain low over the next 12–18 months, underpinned by the supportive operating environment and the bank’s adequate track record in asset quality management.
Furthermore, Moody’s expects SeABank to maintain a solid capital position, with its tangible common equity to risk-weighted assets (TCE/RWA) ratio remaining above 12%, in line with domestic peers.
Moody’s also noted that SeABank’s growing access to long-term funding from development financial institutions will further enhance the stability of funding structure, mitigate refinancing risks, and support the Bank’s sustainable growth in the years ahead. Hashtag: #SeABank
Arabian Post Staff -Dubai Saudi billionaire Prince Alwaleed bin Talal has acquired a 5 per cent stake in Lucid Group, investing about $129.5 million as the electric vehicle maker battles heavy losses, weak demand and concerns over its funding needs. A regulatory disclosure showed that Prince Alwaleed beneficially owns roughly 19.5 million Lucid shares. The investment is separate from the controlling interest held by Saudi Arabia’s Public […]
(Figures for the corresponding period in 2025 are shown in brackets)
Consolidated revenue: HK$593 million (HK$ 636 million)
Consolidated net loss attributable to equity holders of the Company: HK$189 million (HK$ 249 million)
Basic loss per share: 9.28 HK cents (12.23 HK cents)
No interim dividend (No interim dividend)
Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) announced its interim results for the six months ended June 30, 2026.
The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 593 million, compared to HK$ 636 million for the corresponding period of 2025.
The Group’s consolidated loss attributable to equity holders of the Company for the first six months of 2026 totalled HK$ 189 million, compared to a net loss of HK$249 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2026 was 9.28 Hong Kong cents, compared to a loss per share of 12.23 Hong Kong cents for the corresponding period of 2025.
The Board of Directors did not declare an interim dividend for the first half of 2026.
For the first half of 2026, the Group delivered encouraging results as we built on our core strengths and benefited from resilient demand across the markets in which we operate. During the period, we also took steps to enhance our portfolio, including the disposals of two investment assets. These initiatives are expected to strengthen the Group’s financial position and reinforce its long-term growth.
Our operations in Japan performed well despite some moderation in tourism demand, shaped by changes in the composition of international visitors and fluctuations in travel demand. Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, delivered a stable performance with healthy occupancy and room rates, while our ski operations remained a key contributor to the Group’s results. Earnings from our recreational facilities, ski lifts, equipment rentals, “Hanazono EDGE” (a restaurant and entertainment centre) and Niseko International Snowsports Schoolcontinued togrow year-on-year. We will stay focused on establishing Niseko Hanazono Resort as a world-class, all-season luxury destination and remain optimistic about its long-term development.
On March 16, 2026, the Group announced the sale of its entire interest in Pacific Century Place, Jakarta (“PCP Jakarta”) in Indonesia. The transaction, at a total consideration of US$400 million, was completed on June 8, 2026. Notwithstanding the disposal, the Group will continue to provide property management services in respect of PCP Jakarta.
On February 13, 2026, the Group announced the sale of its entire interest in Midtown Niseko. The transaction, at a total consideration of US$80 million, was completed on May 31, 2026.
The Group formed a strategic alliance with Hotel Properties Limited in Singapore to bring a Four Seasons Resort and Branded Residences to Aquella, a large-scale integrated resort development in Phang Nga. The move represents a significant milestone in PCPD‘s long-term vision of transforming Aquella into an integrated resort destination that effortlessly blends luxury living, recreation and exceptional service.
Central Residence by the Park in Hong Kong was launched for sale in January 2026. As at the end of June, 90.9% of the total available units of the luxury residential project had already been sold. The project will be completed in the latter half of 2026.
Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “The first half of 2026 presented a challenging global environment, characterised by geopolitical tensions including the conflict in the Middle East, inflation, trade uncertainties and concerns over monetary policies. Despite the headwinds, global growth was relatively resilient, while international tourism in many parts of Asia continued to perform steadily. The Group’s core markets in Asia generally remained solid during the period. Tourism demand continued to support Japan and Thailand despite a slightly more measured pace of growth. Improving sentiment in Hong Kong’s property market also provided a more favourable backdrop for our luxury residential development.
In the second half of the year, we will continue to enhance the value of our existing assets while positioning the Group to capitalise on opportunities that support our long-term strategy and create value for our stakeholders.”
Hashtag: #PacificCenturyPremiumDevelopments
The issuer is solely responsible for the content of this announcement.
About PCPD
Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.
Joins a limited group of 30 EU banking institutions to offer Crypto-Asset Services under the new legal framework, bridging traditional finance with the digital asset economy.
LISBON, PORTUGAL – Media OutReach Newswire – 29 July 2026 – Bison Bank has become the first bank in Portugal to operate directly as a Crypto-Asset Service Provider (CASP) under the European MiCA (Markets in Crypto-Assets) regulation, consolidating its position at the forefront of financial innovation. Bison Bank’s CASP activity will be undertaken through the merger of its fully owned subsidiary, Bison Digital Assets (BDA), already approved by the Bank of Portugal. The move follows a journey that began in 2022, when BDA became the first bank-owned Virtual Asset Service Provider (VASP) in Portugal.
“We were pioneers three years ago when we realized the future of banking would involve integrating digital assets. Now, with a clear and solid European framework like MiCA, we are bringing this area into the heart of the bank,” states António Henriques, CEO of Bison Bank. “The CASP license and the merger realize our vision for the bank of the future: a single, regulated entity with the robustness of a bank and the agility of the crypto world.”
Bison Bank’s CASP license, along with the integration of BDA, which in 2025 served approximately 275 clients and handled traded volume of €165 million, positions the bank to accelerate its on-chain strategy. The new CASP structure offers institutional clients simplified access to custody, exchange and advisory services for crypto-assets under a bank-grade compliance and risk management framework. It also supports new products, including the recently launched EUB and USB E-money tokens (stablecoins), and future real-world asset (RWA) tokenization solutions.
This strategy is backed by the bank’s strength. Bison Bank closed 2025 with recurring net profit of €5 million, doubling the previous year, and a CET1 capital ratio of 38.5%, amongamong the highest in European banking. Its leadership in digital assets was recognized with the “Portugal’s Best for Digital Assets” distinction at the Euromoney Global Private Banking Awards 2026.
Bison Bank, S.A. is a Portuguese bank providing Private Banking, Depositary Bank, Corporate Advisory and Digital Assets services to individual and institutional clients, connecting European and global markets.
Bison Digital Assets S.A. is the first Virtual Asset Service Provider licensed by the Bank of Portugal and fully owned by a Portuguese bank, offering digital asset custody and exchange services.
SK Hynix just posted one of the best quarters in its history, and the market punished it anyway. Operating profit surged 557% year-on-year to 60.5 trillion won, a number that would have been unthinkable two years ago. Yet because it fell short of the 64 trillion won analysts expected, the stock fell as much as 20% in Seoul before closing down 9.6%, and its US-listed shares dropped […]
MERA Oil has shortlisted three Gulf locations for a planned $5 billion refinery and energy export complex, with the US-Saudi consortium aiming to select a host jurisdiction before the end of 2026. The proposed development would include a 200,000-barrel-a-day refinery, deepwater port facilities, large crude and refined-product storage capacity and marine export infrastructure. The shortlisted sites are outside the Strait of Hormuz, reflecting growing commercial interest in […]
https://seabank.com.vn/
