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The Bui Dam is a hydroelectric project in Ghana, built on the Black Volta River at the Bui Gorge G8 entered LOI with BUI Power Authority Ghana to install a full turnkey 65MW system at BUI Hydro Dam facility SINGAPORE – Media OutReach – 22 February 2022 – G8 Subsea, Singapore-based technology company with global expertise in offshore and marine renewable energy projects today, announced that the Company has been […]

HONG KONG SAR – Media OutReach – 22 February 2022 – Hong Kong is famous for its simple taxation system and low tax rate, so would most probably be the first set-up to consider when investors enter the Asian market (particularly the Mainland China market). However, without a better understanding of the benefits, investors may not realise just how attractive Hong Kong is. Cheng & Cheng Taxation […]

Arabian Post Staff IMF has commended the UAE authorities on a successful vaccination program and prompt policy response to combat the effects of the pandemic and welcomed the economic recovery underway. This is mentioned in the IMF board’s 2021 Article IV consultations with the UAE authorities. Noting that significant downside risks remain, the Fund encouraged the authorities to pursue further efforts to maintain macro-financial stability, strengthen fiscal […]

Arabian Post Staff The Department of Municipalities and Transport announced that the UAE capital registered outstanding real estate figures in 2021 with 14,958 transactions, tallying to a total value of 71.5 billion dirhams, reflecting the ongoing sustainable development and attractiveness of real estate investments in Abu Dhabi. As per the Department’s real estate trading indices, the emirate’s real estate sector recorded 7,262 sales transactions worth 18.2 billion […]

HANOI, VIETNAM – Media OutReach – 17 February 2022 – VinFast teams up with Nas Academy – the world’s first creator school for the skills of the future – to launch the ‘Go Boundless’ video challenge. The contest aims to inspire the transition to electric vehicles and accelerate the global green mobility revolution. The Go Boundless Contest consists of two rounds. In the first round, candidates are tasked […]

KUALA LUMPUR, MALAYSIA – Media OutReach – 17 February 2022 – Many have wondered how the domains of gold and crypto might intersect with each other. People may ask questions like “Is there any common ground?”, “Does it have to be one over the other?” International Forex broker OctaFX will answer all these questions.   There appears to be regular competition between gold maximalists and their blockchain counterparts. The one […]

Expanding the regional management team based in Singapore SINGAPORE – Media OutReach – 16 February 2022 – Workato, the leader in enterprise automation announced the appointment of four key senior positions, including June Lee as Vice President, Sales of Workato, Asia to bolster its leadership team as it expands its business across the region. From Left to Right: June Lee, Ankesh Sagar, Ken Ng, Koh Weng Him   Lee joins Ankesh […]

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By Matein Khalid The wicked witch of Wall Street waved her ursine broomstick over the global financial market in mid-November and all hell broke loose on the US equity indices. The Nasdaq was slammed by 18% at its recent 13,350 low and has broken its 200 day moving average and dozens of its high multiple components are down 30, 40 and even 50% from their highs. The […]

SINGAPORE – Media OutReach – 15 February 2022 – Crypto financial service provider Babel Finance, recently announced its participation in the crypto derivatives platform Paradigm. Taking part in the US$35 million Series A funding round of Paradigm, Babel Finance’s crypto trading division can now access multi-asset, multi-protocol liquidity on demand. This can be done without compromising execution preferences, costs, or immediacy.   Paradigm is an institutional liquidity network for derivative traders. Babel Finance’s investment in Paradigm’s […]

Arabian Post Staff Air Arabia , the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, announced a record financial results for the fourth quarter and for full year ending 31 December 2021, despite the prevailing impact of COVID-19 pandemic that continued throughout the year. Air Arabia reported a net profit of AED 720 million for the full year ending December 31, 2021, an […]

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Strong and consistent performance running for over a decade ESG recognition in line with company’s sustainable business growth ambitions HONG KONG SAR – Media OutReach – 11 February 2022 – Schneider Electric, the leader in the digital transformation of energy management and automation, has delivered yet another strong year of Environmental, Social and Governance (ESG) performance based on 2021 ratings from independent and renowned corporate sustainability experts. Schneider Electric uses […]

KUALA LUMPUR, MALAYSIA – Media OutReach – 11 February 2022 – NEXEA’s Entrepreneurs Programme and Malaysian Global Innovation and Creativity Centre (MaGIC) renewed their partnership to continue helping startups grow their businesses during this challenging time. Despite the pandemic, the Entrepreneurs Programme continues to provide a platform for tech entrepreneurs to connect with peers and like-minded individuals in an opportunity to grow, gain knowledge, and develop themselves […]

By Matein Khalid It is not the end, it is not even the beginning of the end but it is the end of the beginning. Churchill’s famous words express my own feelings about the latest psychotic Bitcoin cycle. This crypto-puppy was at an all time high of $68,990 last November but then plunged to $33,000 in its January lows. So whatever crypto is, it is definitely not […]

Quick turnaround facility enables the company to solidify its operations and manufacturing output to capture new revenue opportunities with potential and existing customers SINGAPORE – Media OutReach – 8 February 2022 – Global invoice financing marketplace, Incomlend, announced a multi-million invoice financing programme for SafeFlex International Limited (SafeFlex), a leading India-based manufacturer of Flexible Intermediate Bulk Containers (FIBC), poly-wovens and poly-knits, with four manufacturing plants across the country. The working […]

Popular influencers Wak Doyok and Fizo Omar became the first brand ambassadors of OctaFX in Malaysia. As part of their collaboration with the global broker, the celebrities will participate in joint projects about investments designed for anyone interested in the topic.   KUALA LUMPUR, MALAYSIA – Media OutReach – 7 February 2022 – Pioneer in the Malaysian fashion industry Wak Doyok and popular actor Fizo Omar have officially become brand […]

A virtual week discussing how organisations can optimise their ESG performance. HONG KONG SAR – Media OutReach – 7 February 2022 – Online and in-person, February 14th-17th 2022 – Policymakers, businesses and thought leaders from major corporations will congregate online and at exclusive in-person sessions at Economist Impact’s Sustainability Week Asia from February 14th to 17th 2022. Asia is experiencing a surprisingly strong economic rebound following the global pandemic but […]

By James M Dorsey Israeli Prime Minister Naftali Bennett has laid out an expanded Israeli strategy to confront Iran that appears to move beyond a potential military strike against the Islamic republic’s nuclear facilities. Bennett appeared to be guided not only by concern about the fallout of a unilateral Israeli action but also seemingly mounting fears in Tehran that economic hardship could spark a social explosion. “Bennett’s new approach […]

To be used to deepen access to DeFi opportunities, accelerate global expansion; build strong user community SINGAPORE – News Direct – 4 February 2022 – Pillow, a DeFi (decentralized finance) startup that helps generate yields on crypto, has raised $3M in seed funding led by Elevation Capital and a host of prominent crypto angels, including Scott Lewis (Co-founder, DeFi Pulse), JD Kanani & Sandeep Nailwal (Co-founders, Polygon), Prabhakar […]

Arabian Post Staff The United Arab Emirates will introduce a corporate tax from mid-2023, the finance ministry said Monday, in a major change of course as the country seeks to diversify its income. Long known as a tax haven and the regional headquarters for a swathe of multinationals, the UAE will tax business profits over 375,000 AED ($102,000) at 9.0 percent from June next year, a statement […]

Represents ESR Group’s third sustainability-linked loan which further reinforces its deep-rooted commitment to ESG following the acquisition of ARA SINGAPORE/HONG KONG – Media OutReach – 30 January 2022 – ESR Cayman Limited (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK Stock Code: 1821) has secured a Sustainability-Linked Loan (“SLL”) of JPY28 billion (approximately US$243 million) with an option to upsize it to JPY35 billion (approximately US$303 million). This represents […]

RIYADH: The Board of Directors of Kuwait’s National Industries Co., also known as KPSC, approved a 35 percent increase in the company’s capital, from SR1 billion ($4 billion) to SR2 billion. Total of

HONG KONG SAR – Media OutReach – 28 January 2022 – Axion Global Asset Management Limited (“AGAM” or the “Company”), a subsidiary of Edvance International Holdings Limited (SEHK stock code: 1410.HK), is set to make its debut in the cryptocurrency space with a new flagship product, Smart Beta Fund SP (“Smart Beta Fund”), after receiving approval from the Securities and Futures Commission in Hong Kong (“SFC”) to […]

HONG KONG SAR – Media OutReach – 28 January 2022 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer and investor in first-, second- and robust third-tier cities in China, is pleased that Fitch Ratings has issued a report to affirm CIFI’s long-term foreign and local -currency issuer default ratings at ‘BB’; the Outlook is ‘Stable’. In addition, CIFI has been […]

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