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PHNOM PENH, CAMBODIA – Media OutReach Newswire – 15 March 2024 – Prince Holding Group, one of Cambodia’s leading business groups, recently hosted students from the National University of Singapore (NUS) as part of the NUS Global Industry Insights (GII) program. This initiative aims to bridge academic learning with industry practice by immersing students in Cambodia’s vibrant economy, offering a mix of theoretical and practical insights. Students […]

The United Arab Emirates (UAE) has emerged as a strong contender in the global competitiveness landscape in 2024. This impressive performance is attributed to the nation’s strategic development initiatives and its focus on efficient government operations. The UAE’s success is reflected in its top rankings across several international and regional competitiveness reports. This positive outcome serves as a validation of the country’s well-defined development plans and its […]

A US judge has rejected attempts by cryptocurrency exchange Gemini and its lending partner Genesis Global Capital to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) regarding Gemini’s Earn program. The SEC alleges that Gemini and Genesis offered and sold unregistered securities through the Earn program, which allowed users to lend their cryptocurrency holdings in exchange for interest payments as high as 8%. In […]

Hong Kong ranks first on merchandise trade depth and FDI flows depth The city ranks fourth in terms of the scale of its international flows relative to domestic activity Globalization reached a record high, despite pandemic and geopolitical conflict Evidence points to robust intra-Asia trade flows and intercontinental trade demand between Asia and the West HONG KONG SAR – Media OutReach Newswire – 14 March 2024 – […]

The experts at Octa provide an overview of the most fundamental trading styles suitable for both new and experienced traders. KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 March 2024 – A trading system, also called a trading strategy, is a set of rules on how to manage trading orders and apply risk mitigation techniques in order to achieve positive financial outcomes. All strategies fall under […]

Dubai’s hospitality sector experienced a significant boom in February 2024, with hotels recording a record-breaking occupancy rate of 90.8%. This marks a 3.4% increase compared to February 2023, highlighting the city’s growing appeal as a tourist destination. The impressive figures were revealed in preliminary data released by CoStar, a leading provider of real estate information and analytics. The data also indicated positive growth in other key metrics, […]

Credit rating agency Moody’s Investors Service (Moody’s) upgraded its outlook for the United Arab Emirates’ (UAE) banking sector to “positive” from “stable,” citing the country’s robust economic growth projections. This move indicates Moody’s belief that UAE banks are well-positioned to benefit from the improving economic climate. The positive outlook reflects Moody’s expectation of continued non-oil economic expansion in the UAE. The agency forecasts real non-oil Gross Domestic […]

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The Middle East and North Africa (MENA) region is experiencing a surge in mobile gaming, transforming it into a potential global leader in the industry. With a booming youth population, rising disposable incomes, and increased internet penetration, the MENA market is poised for explosive growth in the coming years. This past year marked a significant turning point. According to market research firm Newzoo, consumer spending on games […]

  The United Arab Emirates (UAE) and Hungary signed a hefty $5.5 billion deal this week, paving the way for a luxurious “Dubai-style” hub to rise in Budapest. This ambitious project has some residents excited about potential growth, while others voice concerns about its impact on the historic Hungarian capital. The deal involves Mubadala, a sovereign wealth fund from Abu Dhabi, injecting funds into a neglected area […]

 The convergence of the AI boom and the global energy transition is a compelling investment opportunity for forward-thinking investors, says the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organizations. The bullish analysis from Nigel Green of deVere Group comes as John Podesta, the top US climate envoy, visits Japan, to discuss how the world’s largest and third-largest economies […]

Hong Kong is ranked 10th – the only other Asian market in the top 10 most connected list Globalization reached a record high, despite pandemic and geopolitical conflict Current level of globalization at only 25 percent, citing large potential to continue growing global flows Evidence points to robust intra-Asia trade flows and intercontinental trade demand between Asia and the West SINGAPORE – Media OutReach Newswire – 13 […]

Abu Dhabi’s Mubadala Investment Company has partnered with Blue Opal Capital, a US venture capital firm specializing in investing in other venture capital funds (fund-of-funds). This strategic alliance positions Mubadala as the anchor investor for Blue Opal’s second venture capital fund, Ventures Fund II. The partnership allows Mubadala to gain indirect exposure to a diversified portfolio of US startups. Blue Opal Capital focuses on identifying and investing […]

The cryptocurrency market is abuzz with renewed optimism as Bitcoin, the world’s leading digital currency, experiences a significant surge in daily investment. Data indicates that capital inflows into Bitcoin have reached $2 billion, a level last witnessed during previous bull markets. Analysts predict that this trend is likely to continue, potentially reaching even greater heights, fueled by the much-anticipated introduction of spot exchange-traded funds (ETFs). Spot ETFs […]

Saudi Arabia is poised for a metamorphosis. Long known for its oil reserves and conservative traditions, the kingdom is now setting its sights on a future gleaming with innovation and futuristic megacities. This ambitious vision, spearheaded by Crown Prince Mohammed bin Salman’s “Vision 2030” plan, aims to diversify the economy, attract foreign investment, and position the country as a regional leader in technology and sustainability. The centerpiece […]

South Korea’s National Tax Service (NTS) is taking a significant step towards clamping down on cryptocurrency tax evasion with the development of a virtual asset tax system. This system, expected to be operational by 2025, aims to enhance transparency in the burgeoning virtual asset market and ensure fair taxation practices. The move comes amidst a global surge in cryptocurrency investment, fueled in part by the recent approval […]

HONG KONG SAR – Media OutReach Newswire – 13 March 2024 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) and PACM Group (Holdings) Limited (“PACM Group”) jointly announced that Oi Wah Mortgage Limited, the indirect wholly-owned subsidiary of the Group, has entered into the Subscription Agreement with the General Partner (co-owned by PACM Group […]

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 13 March 2024 – The HCM City Development Joint Stock Commercial Bank (HDBank) has hiked its loan limits and promoted lending for rice production and export value chains to enable Vietnamese rice to reach the world. At the eighth congress of the Vietnam Farmers Union held in December 2023, HDBank launched its HDBank Rural Services, a specialised […]

BlackRock’s iShares Bitcoin Trust (IBIT), launched in February as part of a wave of U.S. spot Bitcoin ETFs, has surpassed a major milestone in its holdings. The fund now manages over 200,000 bitcoins (BTC), reflecting a strong investor appetite for the world’s leading cryptocurrency. This rapid accumulation highlights the growing interest in Bitcoin among institutional investors. BlackRock’s ETF, designed to provide a more traditional investment vehicle for […]

HONG KONG SAR – Media OutReach Newswire – 13 March 2024 – Yeebo (International Holdings) Limited (“Yeebo” or the “Company”, stock code: 259, which together with its subsidiaries is referred to as the “Group”) announces that the Group has entered into the Share Purchase Agreement with Zhejiang Construction Investment Group Company Limited (“Zhejiang Construction Investment”), a state-owned enterprise, through its direct wholly-owned subsidiary, Billion Power Investment Limited. […]

Dubai’s real estate market is experiencing a surge in demand thanks to the emirate’s Golden Visa program, which offers investors a 10-year residency permit. This influx of interest is causing a shift in both buyer behavior and developer strategies. Industry insiders report a growing trend of investors increasing their budgets to meet the minimum investment threshold of AED 2 million (USD 545,000) required for the Golden Visa. […]

MEISHAN, CHINA – Media OutReach Newswire – 12 March 2024 – In March 2024, an unprecedented visual feast will take place inside the Kennedy Center in DC and David H. Koch Theater in New York City’s Lincoln Center. There will be eight shows of the modern musical Dongpo: Life in Poems, a joint effort between the China Oriental Performing Arts Group Co., Ltd. and the MeiShan Song […]

Global fund managers are pouring more money into China, signaling a growing sense of optimism in the world’s second-largest economy. This surge in investment comes amid a backdrop of China’s industrial advancements and supportive government policies aimed at attracting foreign capital. Hu Qimu, a deputy secretary-general at the digital-real economies integration Forum 50, attributes the investor enthusiasm to China’s ongoing industrial upgrade and its commitment to economic […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 12 March 2024 – As part of its continuous effort to create a dedicated community for beginner traders in Malaysia, Octa teamed up with Ezone Constantine, a trading expert and coach, to hold a workshop called Trading 101: Workshop for beginners in Kuala Lumpur. Held on 24 February 2024, this offline event focused on helping beginner traders learn Forex […]

The U.S. Department of the Treasury has proposed a new tax framework for digital assets, targeting both environmental impact and tax avoidance within the cryptocurrency industry. The plan, which aligns with President Biden’s previously outlined budgetary goals, introduces a novel 30% excise tax on the electricity consumption of cryptocurrency miners. Additionally, the proposal aims to close existing loopholes exploited through wash trading, a practice where investors buy […]

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