KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 July 2024 – Trading in the global markets, especially Forex, is sometimes perceived as a game of luck by those who don’t know much about finance. However, professional traders regard it as a blend of science and self-discipline, driven by principles and insights often overlooked by amateurs. Here are some of the key secrets that professional traders leverage […]
HONG KONG SAR – Media OutReach Newswire – 5 July 2024 – On 28 June, Essence International Securities (“Essence”) published a research report, expressing its bullish stance on Fosun International’s (00656.HK) focus on core businesses in health, consumption, and finance. Essence believed that Fosun’s global business presence helps it to hedge risks and balance revenue streams. With the stabilization of the macroeconomic environment, Fosun’s fundamentals are poised […]
Arabian Post Staff -Dubai The Abu Dhabi Investment Authority (ADIA), a prominent sovereign wealth fund, is gearing up for potential acquisitions by listing portfolio companies on the Abu Dhabi Stock Exchange (ADEX). This strategic shift aims to raise capital that can be reinvested into new ventures, propelling ADIA’s global investment influence. Financial analysts suggest that ADIA’s decision to leverage the ADEX platform reflects growing confidence in the […]
The long-awaited approval of spot Bitcoin exchange-traded funds (ETFs) in the United States has sent shockwaves through the cryptocurrency market. This regulatory green light has fundamentally altered market dynamics, ushering in a new era of institutional investment and potentially reshaping the future of crypto. Prior to the ETF approvals, the cryptocurrency market faced an uphill battle in attracting mainstream investors. The lack of a regulated and familiar […]
HONG KONG SAR – Media OutReach Newswire – 5 July 2024 – Today, IX Asia Indexes announced the 1st Half 2024 Review of the IX Digital Asset Industry Classification System (“DAICS®“), aiming to provide the professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICS® classifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed […]
The Saudi Arabian private sector is experiencing a surge in entrepreneurial activity, with business registrations witnessing a staggering 78% increase compared to the same period last year. This data, released by the Saudi Ministry of Commerce, reflects a thriving commercial landscape and a growing appetite for business ownership in the Kingdom. The second quarter of 2024 saw a significant rise in official business identification cards issued, reaching […]
ML-enabled blockchain intelligence startup aims to tackle “unknown unknowns” in smart contract vulnerabilities NEW YORK, US – Media OutReach Newswire – 4 July 2024 – Mamori.xyz, an automated blockchain value extraction system, has successfully raised US$5 million in seed funding to advance its mission of revolutionizing Web3 security and optimization. The round was led by Blockchain Capital, with participation from Velocity.Capital and Web3.com. Mamori.xyz has successfully raised […]
The Indian beauty sector received a significant shot in the arm recently with a $120 million investment in online retailer Purplle Group. The funding round, designated as Series E, was spearheaded by a subsidiary of the Abu Dhabi Investment Authority (ADIA), a prominent sovereign wealth fund. This investment, coupled with additional contributions from other participants, has propelled Purplle’s valuation to a staggering $1. 3 billion, solidifying its […]
Hong Kong Chaoshang Group, a diversified conglomerate listed on the Hong Kong Stock Exchange (HKEX:2322), is set to receive a significant financial boost from Saudi Arabia’s Public Investment Fund (PIF). The sovereign wealth fund announced its intention to invest a total of $500 million in Chaoshang Group, signaling growing economic ties between the Middle East nation and Hong Kong. The investment will be divided into two parts. […]
K Raveendran The scene at the Central Committee meeting of the CPI-M the other day in Delhi ran like this: the committee members are huddled together, pens poised, brows furrowed and looking askance at how and why the sand under the feet of their party got washed away in the Lok Sabha elections in the only remaining backyard of the Marxist party. Mash the Great, the intellectual […]
Qatar Airways has reached new heights, soaring to record profits on the wings of a strategic expansion plan. The state-owned carrier reported a net profit of 6. 1 billion riyals ($1. 7 billion) for the financial year ending March 31, 2024, a significant 32. 4% increase compared to the previous year. This stellar performance marks the airline’s strongest financial showing in its 27-year history. Attributing this success […]
MUNICH, GERMANY – EQS Newswire – 1 July 2024 – The Executive Board of DCI Database for Commerce and Industry AG resolved on July 1, 2024, with the approval of the Supervisory Board, to increase the company’s share capital from EUR 1,330,149 by EUR 133,014 to EUR 1,463,163. This capital increase will be carried out through cash contributions and with the exclusion of shareholders’ subscription rights. The […]
Abu Dhabi’s state-owned drilling company, ADNOC Drilling, has secured a significant contract worth approximately $733 million for three cutting-edge island drilling rigs. These rigs will bolster operations at the offshore Zakum field, a prolific oil and gas producer for the emirate. The new rigs will be constructed on existing and newly developed artificial islands, strategically positioned for optimal drilling and well completion within the Zakum field. Equipped […]
Financial technology giant PayPal reported a 27% surge in profits for the first quarter, marking a positive start to the year. This increase comes alongside the company’s implementation of a new reporting structure that incorporates stock-based compensation. The shift in reporting reflects a growing trend within the tech industry, where stock options are a significant component of employee remuneration packages. By factoring in stock-based compensation, PayPal aims […]
Dubai-based asset manager KHK & Partners has announced the launch of Ayala Capital, a dedicated unit focused on capital-raising activities within the MENA (Middle East and North Africa) region. This strategic move signifies KHK & Partners’ commitment to streamlining and enhancing their fundraising capabilities, ultimately aiming to better serve clients, investors, and stakeholders across the board. Ayala Capital will operate with a singular focus:providing top-tier capital-raising solutions […]
HONG KONG SAR – Media OutReach Newswire – 3 July 2024 – Goldstream Investment Limited (stock code: 1328.HK) announced that on 28 June 2024 its wholly-owned subsidiaries and the wholly-owned subsidiaries of Hony Capital Group Limited signed three respective agreements, including Feasible Result agreement, USFL agreement and TechStar agreement, and proposed to acquire three high-quality assets of Hony Capital Group Limited at a total acquisition consideration of […]
Office market net absorption remained positive, high street vacancies stabilized The Hong Kong Grade A office market recorded growth for the third consecutive quarter, with overall net absorption remaining positive at 318,000 sq ft in Q2. Nevertheless, office rents remained under pressure due to the lifted availability rate, dropping 1.5% q-o-q. The overall high street vacancy rate stabilized, and rents continued to record low single-digit growth rate […]
We’re into the second half of 2024. The S&P 500’s performance in the first half of the year has been noteworthy, marking its third consecutive quarterly rise and the sixth in the last seven quarters. This pattern of growth has spurred optimism about the market’s potential for continued gains in the latter half of the year. Reflecting on historical trends, we glean valuable insights into the possibilities […]
BYD Co. , Ltd. , the Chinese automotive giant, has emerged as a frontrunner in the country’s booming electric vehicle (EV) market, and surprisingly, it’s their hybrid models that are leading the charge. According to a recent Bloomberg report, BYD’s success hinges on their strategic focus on plug-in hybrids, which combine a gasoline engine with an electric motor, offering both extended range and reduced emissions compared to […]
HONG KONG SAR – Media OutReach Newswire – 2 July 2024 – IX Capital International Limited has released the Asset Tokenisation Standard Discussion Paper. Over the years, tokenised bonds have gained popularity. As of the end of March 2023, the total issuance of tokenised bonds globally reached US$3.9 billion, with approximately 90% of these tokenised bonds were issued between 2021 and 2023. The Asset Tokenisation Standard (“Standard”) […]
Saudi Arabia’s energy sector received a significant boost on July 1st with the announcement of seven new oil and gas discoveries. The finds, spread across the kingdom’s Eastern Province and the vast Empty Quarter desert, highlight the continued potential of the world’s second-largest oil producer. Leading the exploration efforts was state-owned oil giant Saudi Aramco. Details revealed by Prince Abdulaziz bin Salman, Saudi Arabia’s Energy Minister, indicated […]
HONG KONG SAR – Media OutReach Newswire – 2 July 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, participated in the World Economic Forum’s 15th Annual Meeting of the New Champions (Summer Davos Forum) held in Dalian at the end of June. Bill Deng, Founder and CEO of XTransfer, met with leaders of renowned international financial institutions during the Forum to […]
