Arabian Post Staff -Dubai Dubai’s property market continues to defy expectations, with a recent surge in mortgage transactions highlighting strong buyer demand. According to data compiled by Property Monitor, the number of mortgages issued in Dubai reached a 14-month high in May 2023. This represents a significant increase of 57. 9% compared to the previous month, with a total of 3, 359 loans recorded. This upswing marks […]
Kuwait Financial Centre Markaz, a prominent figure in the MENA region’s asset management and investment banking scene, has solidified its position as a leader in global real estate investment. The company boasts a history of accomplishment, having executed over 95 projects valued at more than USD 2. 3 billion across various markets and property types in the US and Europe. Markaz’s commitment to delivering exceptional value to […]
SINGAPORE – Media OutReach Newswire – 27 June 2024 – Chinese tech giant Tencent has consolidated its Singapore office, relocating from 30 Raffles Place to a new flexible working space managed by The Work Project (TWP) at CapitaSky — a 29-storey tower in the Central Business District (CBD). Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space New Singapore Office Consolidates Tencent Workforce in Prime […]
Motorists in Muscat can breathe a collective sigh of relief as a vital section of the Muscat Expressway has reopened for traffic. The stretch between Intersection No. 2 (Madinat Al-Illam Bridge) and Intersection No. 1 (City Centre Qurum Bridge) heading towards Muttrah is now operational following the successful conclusion of maintenance works. The closure, which began in mid-June, caused some disruption for commuters. However, the Muscat Municipality, […]
SINGAPORE – Media OutReach Newswire – 28 June 2024 – New data from the Accountability Framework initiative (AFi) and CDP shows that achievement of deforestation- and conversion-free supply chains is possible, but still uncommon around the world. The AFi and CDP examined hundreds of company disclosures and revealed their findings in Time for Transparency. The report provides the first clear and quantitative look at the extent to […]
SINGAPORE – Media OutReach Newswire – 28 June 2024 – In the competitive realm of Forex trading, Phillip MetaTrader 5 introduces zero spreads and zero commission on the AUD/USD currency pair, aiming to redefine the trading experience. Delve into the intricacies of the AUD/USD pair, influenced by economic indicators, technical trends, and global events. This article provides valuable insights into its volatility drivers and effective strategies for […]
By Tajul Islam On June 25, Liu Jianchao, the visiting Minister of the International Relations of the Communist Party of China (CPC)’s Central Committee reaffirmed China’s commitment to fostering extensive cooperation with Bangladesh. During a courtesy call on Bangladesh President Mohammed Shahabuddin at the Bangabhaban, Liu emphasized China’s dedication to bolstering development ties and assured that China would continue to support Bangladesh’s growth in various sectors. The relationship between […]
The US Treasury Department has unveiled its long-awaited framework for taxing cryptocurrency transactions. The new regime, set to take effect in 2025, establishes clear reporting requirements for crypto brokers but postpones definitive rules for a specific segment of the industry:non-custodial wallet providers. Under the new guidelines, crypto brokers will be obligated to file 1099 forms with the Internal Revenue Service (IRS), mirroring the existing reporting structure for […]
OctaTrader’s Ideation Centre KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 28 June 2024 – Octa‘s mission as a global broker is to make trading more accessible and understandable. Catering to the most popular demands of the traders’ community, the Octa team has enhanced its proprietary trading platform, OctaTrader, by adding Space, a new toolkit in the OctaTrader ecosystem. Space is a customisable analytics hub built into […]
Al Mal Capital REIT (AMCREIT), the first real estate investment trust (REIT) on the Dubai Financial Market (DFM), has bolstered its educational sector holdings through the acquisition of Carnation Education LLC. Carnation Education holds the freehold land and buildings of Kent College Dubai, a well-established K-12 institution. This strategic move expands AMCREIT’s portfolio diversification and strengthens its presence across multiple emirates. The company now boasts assets in […]
Dubai-listed Shuaa Capital, a leading investment and financial services company in the region, is likely to hold its former largest shareholder and its auditors accountable for discrepancies identified in the company’s 2023 financial statements. The news comes after Shuaa disclosed significant errors in its 2023 financial reporting, prompting an investigation by the company’s board of directors. The investigation revealed that certain accounting practices by the former majority […]
HONG KONG SAR – Media OutReach Newswire – 28 June 2024 – The escalating global climate crisis and frequent extreme weather events demand urgent action. Hong Kong must play a significant role in addressing climate change, as highlighted by last year’s heavy rainstorm. The World Green Organisation’s (WGO) “ESG Xchange 2024: ESG for Climate Actions International Summit” will focus on ESG standards, carbon neutrality, and sustainability. The […]
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and e& UAE, a leading integrated telecommunications conglomerate, have inked a strategic collaboration agreement aimed at propelling the growth of small and medium-sized enterprises (SMEs) in the Emirate. This partnership signifies a significant step towards bolstering the Emirate’s business environment by harnessing the power of innovative communication solutions and advanced digital services. Through this collaborative effort, the ADCCI […]
Dubai and Abu Dhabi, the glitzy emirates of the United Arab Emirates (UAE), have cemented their positions as regional leaders and climbed the ranks of the world’s most liveable cities according to the Economist Intelligence Unit’s (EIU) 2024 Global Liveability Index. The report, released on June 27th, highlights the UAE’s growing strength in liveability. Both Dubai and Abu Dhabi secured spots in the coveted “very high” liveability […]
Arabian Post Staff -Dubai For decades, Abu Dhabi National Oil Company (Adnoc) embodied the image of a traditional state-controlled oil producer, content to focus on its vast reserves. However, that perception is undergoing a dramatic transformation. Armed with a $150 billion war chest, Adnoc is rapidly emerging as a major player in the global energy market, actively pursuing strategic acquisitions. This week, Adnoc sent shockwaves through the […]
British investors are being presented with an attractive opportunity in the burgeoning Saudi sports market, which is anticipated to reach a valuation of $22 billion by 2030. This invitation came during the UK-Saudi Sports Investment and Innovation Forum held in London, where a representative from the Saudi Ministry of Investment highlighted the vast potential of the Kingdom’s sports sector. The Saudi Arabian government is actively pursuing diversification […]
The Turkish Parliament (TBMM) has enacted a new law establishing a stricter regulatory framework for cryptocurrency assets. The legislation aims to combat illegal activities within the crypto space while providing a more controlled environment for investors. A key provision of the bill targets unauthorized crypto service providers. Individuals and legal entities operating without the requisite authorization face imprisonment ranging from 3 to 5 years. This stipulation seeks […]
HONG KONG SAR – Media OutReach Newswire – 27 June 2024 – This MSME Day, Tradewind Finance, a global trade finance provider, is celebrating the thousands of SME customers it has served over the years with reliable capital to grow and thrive. Dubbed the “backbone” of economies, micro, small and medium-sized enterprises (MSMEs) make up 90% of businesses globally and account for over 70% of jobs worldwide, […]
The Islamic bond market, also known as the sukuk market, in the Middle East and North Africa (MENA) region has experienced a significant surge in the first half of 2024. According to data from Bloomberg’s Capital Markets League Tables, issuance volume jumped by 48% compared to the same period last year, reaching a total of $6. 2 billion. This growth is attributed to a confluence of factors. […]
Arabian Post Staff -Dubai The Saudi Tadawul Group Holding Company (STG), a leading diversified capital markets group in the Middle East and North Africa (MENA) region, has solidified its position as a key market player by finalizing the acquisition of a 32. 6% stake in DME Holdings Limited. DME Holdings Limited is the parent company of the Dubai Mercantile Exchange (DME), a prominent international commodities exchange. This […]
LONDON, UK – Newsaktuell – 26 June 2024 – A decline in effective national governance and the “long-term scars” caused by austerity measures and Brexit have stifled economic growth and undermined social cohesion in the United Kingdom, according to a study. Rishi Sunak and Ursula von der Leyen: British Prime Minister Rishi Sunak met with European Commission President Ursula von der Leyen to work on Brexit negotiations […]
