HONG KONG SAR – Media OutReach – 15 October 2021 – Today, IX Asia Indexes Company Limited announced the 3rd quarter review of the ixCrypto Index (“IXCI”). This is the first crypto benchmark index launched in Hong Kong. According to the Constituents Enhancement Rule, there are two constituents’ additions and deletions. The number of the constituent cryptos will stay at 11 after the changes. The changes are as […]
By Manish Rai The attacks carried out by Tehrik-e-Taliban Pakistan (TTP) aka Pakistan Taliban have increased to the highest level in over four years as the US left Afghanistan and the Afghan Taliban took power. TTP has been emboldened by the developments in next-door Afghanistan. This has complicated the internal security scenario for Pakistan as the country is also fighting the Baloch insurgency in its province of […]
James M Dorsey It may not have been planned or coordinated but efforts by Middle Eastern states to dial down tensions serve as an example of what happens when big power interests coincide. It also provides evidence of the potentially positive fallout of a lower US profile in the region. Afghanistan, the United States’ chaotic withdrawal notwithstanding, could emerge as another example of the positive impact when […]
JAKARTA, INDONESIA – Media OutReach – 13 October 2021 – The pandemic started a global crisis which ravaged economies and businesses around the world. It has certainly brought everything to a standstill and forced SMEs in Indonesia to adapt and change their business plan and strategy to survive. Indonesian SMEs form the backbone of the nation’s economy and contribute largely towards the nation’s GDP as well as the […]
Matein Khalid I found this letter from Erin Bali, co-founder of Udemy in 2010, utterly inspirational (thanks ZoPa). It is available on page 96 of the S1 Udemy just filed with the SEC last week for a Nasdaq IPO. S1-page 96: https://www.sec.gov/Archives/edgar/data/1607939/000119312521291460/d163445ds1.htm Education has the power to transform the lives of human beings and nothing is more cruel than a country that denies education to its poorest, […]
Matein Khalid My periodic please-all summer asking my friends to accumulate energy stocks on the 77-65 Brent sell off in July has been vindicated with a vengeance this autumn as energy is the best performing sector in both September and October with the XLE now up a stellar 46%, who could have imagined that Oxy would rise from 10 to 35 when Brent was $35, the world […]
BEIJING, MAINLAND CHINA – Media OutReach – 11 October 2021 – Demand for environment, social and governance (ESG) talent in Mainland China will boom in the next five years, according to a survey by one of the world’s largest professional accounting bodies, CPA Australia. This finding comes as CPA Australia as joins 12 global accounting bodies in committing to net zero greenhouse gas emissions. CPA Australia surveyed over 400 […]
Arabian Post Staff The Dubai World Trade Centre Authority (DWTCA) today announced new regulations to encourage family businesses to establish Single and Multiple Family Office (SFO & MFO) licenses with the free zone. The regulations address the needs of family-run entities and introduce a new platform for wealthy families to set-up offshore holding companies within DWTCA’s designated free zone to manage their private family global wealth, assets […]
HONG KONG SAR – Media OutReach – 7 October 2021 – Ev Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively “Ev Dynamics” or the “Group”), a provider of new energy vehicles and integrated technology solutions, today announced that its 12-meter E-Bus model has passed the Whole Vehicle-Type-Approval System (WVTA) and Standardized On-Road Test Cycles (E-SORT) of the Economic Commission of Europe, laying the foundation for […]
Arabian Post Staff Co-hosted by NexChange Group, Evolution Group and EcoX Dubai, Gulf Blockchain Week 2021 takes place in JW Marriott Marquis Dubai. The week-long event continues from October 8 to October 15, 2021. The week’s core event, set for October 11-12, is the Gulf Blockchain Summit. Distributed ledgers, and blockchain technology, have already disrupted many industries, created decentralized economy opportunities while drastically improved quality for existing services for governments, corporations, private […]
Matein Khalid Today is the milestone moment for Manju and I as well as a special constellation of our close friends who shared my conviction that Udemy was destined to morph into the world’s pre-eminent EdTech marketplace. These were the same special friends/investors who entrusted us to invest $17.5 million in a syndicate we led to buy Udemy shares in the pre-IPO market at a valuation of […]
Matein Khalid The history of Wall Street has taught me to be nervous on Mondays in October. This Monday is also crowded with meetings with strategic partners and friends from across the seas and the Gulf. So my market call must be short and sweet. I had given 10 reasons why September augured to be a dodgy month for the US stock market. Despite Friday’s impressive index […]
Arabian Post Staff Bank of America has launched its digital asset research with the publication of a report entitled “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy. Digital assets represent a $2 trillion+ market value with 200 million+ users, and have the potential to transform every industry by improving efficiency and reducing friction across transactions. Hundreds […]
Asia’s First Alternative Financing Initiative Aims to Provide More Growth Opportunities for ESG-Focused SMEs Globally SINGAPORE – Media OutReach – 5 October 2021 – Global invoice financing marketplace, Incomlend, has partnered with European alternative asset manager, Fasanara Capital, to launch a global US$60 million alternative financing programme for Small and Medium Enterprises (SMEs) focused on Environment Social, and Governance (ESG). The new initiative, named Incomlend ESG Invoice Financing Programme, […]
Arabian Post Staff Expo 2020, which just got under way with the kind of fanfare typically characteristic of Dubai, is expected to lead to a significant rebound in tourism and other domestic economic activities. The prestigious show is also expected to greatly add to the emirate’s attraction for highly skilled professionals and support private sector employment, increase trade and foreign investment, and harness the benefits of technology, […]
Matein Khalid Brazil stock market performance unfortunately vindicates General Charles de Gaulle’s morose prediction “Brazil is a country of the future and always will be”. In my Wall Street salad days, we were neurologically programmed to buy Brazilian equities when crude oil/soft commodities price boomed, when the global economic growth was in acceleration mode and when a right wing pro-Uncle Sam President with close ties to the […]
NEW YORK, US – ACCESSWIRE – 2 October 2021 – Focus Financial Partners Inc. (NASDAQ:FOCS) (“Focus”), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which New England Investment & Retirement Group, Inc. (“NEIRG”), a registered investment adviser headquartered in North Andover, MA, will join Connectus Wealth Advisers (“Connectus”). The transaction is expected to close in the fourth quarter of 2021, […]
Arabian Post Staff IMF has forecast a gradual recovery by the UAE economy in 2021, supported by the country’s early and strong health response, continued supportive macroeconomic policies, and rebound in tourism and domestic activity related to the delayed Expo 2020. The Fund expects non-oil GDP growth to exceed 3 percent this year, and to improve further in the medium-term, while oil GDP will continue to grow […]
NEW YORK, US – ACCESSWIRE – 1 October 2021 – Focus Financial Partners Inc. (NASDAQ:FOCS) (“Focus”), a leading partnership of fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which MISSO Wealth Management (“MISSO”), a boutique wealth management firm headquartered in Brisbane, Queensland, will join Connectus Wealth Advisers (“Connectus”). This transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions. Founded […]
SINGAPORE – Media OutReach – 1 October 2021 – LCH, a leading global clearing house, has announced that its SwapClear service is preparing to extend its traditional operating hours to 24 hours a day, five days a week in March 2022. This will better support market participants in the Asia Pacific region and will be implemented in two phases. As part of the first stage of […]
Real estate firm sets ambitious science-based targets and commits to partnering with clients to achieve net zero value chain emissions by 2050 HONG KONG SAR – Media OutReach – 29 September 2021 – Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, recently announced ambitious science-based targets to reduce greenhouse gas (GHG) emissions that are approved by the Science Based Targets initiative (SBTi). In addition, by signing […]
Arabian Post Staff Residential property values in the UAE’s two largest cities, Dubai and Abu Dhabi, have expanded at their fastest pace since 2015, according to provisional data for the third quarter from global property consultancy, Knight Frank. According to Faisal Durrani, Partner – Head of Middle East Research, the UAE’s decisive, rapid and world leading response to the pandemic has caught the attention of the world’s […]
Organic sales to grow by an average of 4.0 to 6.0 percent annually through 2026 Record EBITDA margin before restructuring charges of more than 15 percent expected by 2026 Tapping new opportunities in the dynamic New Food market and the service business to drive profitable growth Company commits to ambitious climate and sustainability targets LONDON, UK – EQS Newswire – 29 September 2021 – GEA Group presents […]
Matein Khalid I had recommended a strategic buy on Airbnb (ABNB) at 137 in July after a 20-point hit as I saw multiple catalysts for a bull run (https://lnkd.in/gEfT4Bwy). Since ABNB opened at 176 on Nasdaq today, I have now decided that I have to milk this cow via leveraged longs/put sales/out of the money calls to an obscene scale and the risk/reward calculus on high valuation […]
