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HONG KONG SAR – Media OutReach Newswire – 27 May 2025 – In a rare convergence of economic and environmental expertise, three landmark studies released today by ADM Capital Foundation, HKUST and WWF-Hong Kong, presenting a transformative vision—Hong Kong can reinvent itself as Asia’s premier blue economy hub. The reports—Port 1.0 to Port 2.0 (HKUST), Blue Finance for a Blue Economy (ADMCF), and Valuing the Invaluable Blue […]

Airbus and Tata Advanced Systems Limited have confirmed plans to establish a Final Assembly Line for the Airbus H125 helicopter in Kolar, Karnataka, marking the first privately-led helicopter manufacturing facility in India. This facility will become the fourth global production site for the H125, joining existing operations in France, the United States, and Brazil.

The H125, renowned for its versatility and performance, is expected to play a pivotal role in enhancing India’s civil aviation capabilities. With applications ranging from emergency medical services and disaster management to law enforcement and tourism, the helicopter is poised to address diverse operational needs. Its ability to operate in high-altitude and extreme environments, including a notable landing on Mount Everest, underscores its adaptability.

The decision to locate the assembly line in Karnataka was influenced by the state’s robust industrial infrastructure, skilled workforce, and supportive policies. The facility is anticipated to commence operations in 2026, with an initial production capacity of 10 helicopters annually, scalable based on demand.

This initiative aligns with the ‘Make in India’ programme, aiming to bolster domestic manufacturing and reduce reliance on imports. By producing the H125 locally, India seeks to meet its growing demand for helicopters, projected at 500 units over the next two decades, and position itself as a regional hub for aerospace manufacturing.

The collaboration between Airbus and TASL extends beyond this project, building on their partnership in the C295 military transport aircraft programme in Vadodara, Gujarat. This continued cooperation reflects a strategic commitment to developing a comprehensive aerospace ecosystem in India.

The H125 assembly line is expected to contribute significantly to the regional economy, creating employment opportunities and fostering technological advancements. It also represents a step forward in India’s efforts to enhance its capabilities in the aerospace and defence sectors through public-private partnerships.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 27 May 2025 – Avenue K Shopping Mall is reaffirming its commitment to inclusivity, sustainability, and holistic well-being as core pillars of its community engagement. In today’s evolving urban landscape, Avenue K continues to be a vibrant hub where individuals of all backgrounds, interests, and abilities are welcomed and empowered—living out the mall’s tagline: “Make Friends, Create Trends.” The […]

Allianz Safety and Shipping Review 2025: Trade conflict between the US and China and growing shadow fleet add to substantial challenges for the shipping industry. Despite geopolitical headwinds: only 27 large ships lost worldwide in 2024, down by more than 20%, the industry’s lowest-ever total. Progress made on traditional risks such as fires, collisions, and groundings, which are the main causes of losses, but potential for large […]

Saudi Arabia’s premier travel company, Almosafer, has been appointed the first global travel agency partner of Hotel Management Company Adeera, a firm backed by the Public Investment Fund . The partnership is designed to bolster the Kingdom’s hospitality sector by integrating Adeera’s hotel brands into Almosafer’s expansive travel platforms, targeting both domestic and international travellers.

This collaboration aligns with Saudi Arabia’s Vision 2030, aiming to diversify the economy and enhance the tourism industry. By leveraging Almosafer’s digital reach and Adeera’s commitment to authentic Saudi hospitality, the alliance seeks to offer seamless booking experiences and promote the Kingdom’s cultural heritage to a global audience.

Muzzammil Ahussain, CEO of Almosafer, emphasized the significance of the partnership, stating, “Our expansive digital reach and integrated platforms make us the perfect partner to showcase PIF company Adeera’s authentic Saudi hospitality brand and services to the world.” He highlighted the goal of connecting travellers to the unique culture and heritage of Saudi Arabia through this initiative.

Stefan Leser, CEO of Adeera, echoed this sentiment, noting, “Saudi Arabia’s unique hospitality culture is an essential part of its identity and integral to the Kingdom’s ambitious tourism goals.” He expressed confidence that the partnership with Almosafer would further connect tourists to authentic Saudi hospitality that reflects the Kingdom’s unique culture.

Adeera, established by the PIF, aims to develop and manage hotel brands that embody Saudi Arabia’s rich hospitality traditions while adhering to global standards. The company focuses on creating homegrown hospitality brands and enhancing the capacity of the local sector through training and skills development programs in collaboration with international hospitality specialists.

Almosafer, a part of Seera Group, operates a comprehensive travel platform catering to various sectors, including consumer, corporate, and government travel. The company’s portfolio includes services for leisure and religious travel, offering a range of travel solutions from flight bookings to hotel reservations and local activities.

The partnership between Almosafer and Adeera is expected to play a pivotal role in promoting Saudi Arabia as a premier travel destination. By integrating Adeera’s hospitality offerings into Almosafer’s platforms, the collaboration aims to provide travellers with access to top-tier Saudi Arabian hospitality experiences.

A leading candidate for the presidency of the African Development Bank has outlined a strategy urging African nations to mobilise up to $4.5 trillion in domestic private capital to drive the continent’s development agenda, aiming to reduce dependence on expensive international debt. This vision signals a shift towards leveraging Africa’s own financial resources to fund infrastructure, healthcare, education, and energy projects critical for sustainable growth. The candidate, […]

By Nantoo Banerjee Pakistan is back in the business of pushing Jihadists into India. It is the same old story. Last week, barely 12 days after the announcement of a ceasefire on 10 May, Pakistani terrorists in Jammu & Kashmir’s Kishtwar district killed an Indian soldier in an encounter with the security forces. When were […]
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SINGAPORE – Media OutReach Newswire – 26 May 2025 – Woodfibre LNG, a subsidiary of Pacific Energy which is a member of the Royal Golden Eagle (RGE) group of companies, is setting a new benchmark for responsible natural gas export. At its new liquefied natural gas (LNG) facility under development in British Columbia, the company is on track to become the world’s first net zero LNG export […]

A new summer campaign launched by Mercato Shopping Mall and Town Centre Jumeirah is offering diners a chance to win a luxury holiday for two to the Maldives, in partnership with Emirates Holidays. The promotion, titled “Dine, Scan & Win,” encourages customers to spend AED 200 or more at participating outlets. Upon scanning their PrivilegePLUS app ID, shoppers are entered into a draw for a three-night stay […]

Air Arabia, the largest low-cost carrier in the Middle East and North Africa region, has entered a strategic partnership with Al Maryah Community Bank , the UAE’s pioneering fully integrated digital bank, to transform payment solutions for air travel bookings. The collaboration aims to streamline and enhance customer experience by integrating a dedicated payment platform using AE Coin, a digital currency developed within the UAE’s evolving fintech ecosystem.

The agreement represents a notable development in the aviation and financial technology sectors, aligning with broader efforts across the Gulf to digitize and modernize consumer transactions. Air Arabia’s expansive footprint across over 170 destinations and its growing digital adoption underscore the potential scale and impact of this partnership, while Mbank’s innovative banking infrastructure provides the technological backbone necessary for secure and efficient digital payments.

AE Coin, a digital asset issued under regulatory frameworks established by the UAE Central Bank, is designed to support seamless transactions, offering users a faster, more secure alternative to conventional payment methods. By incorporating AE Coin into the travel booking process, Air Arabia customers can now enjoy reduced transaction costs and enhanced payment speed, particularly beneficial for frequent flyers and cross-border travellers navigating currency exchange complexities.

This joint initiative aligns with the UAE’s vision of becoming a global hub for digital innovation, especially in fintech and blockchain technology applications. Authorities have actively promoted digital currencies as a means to foster economic diversification and financial inclusion, setting regulatory standards to encourage institutional adoption without compromising security or compliance. Air Arabia and Mbank’s collaboration is a direct manifestation of this vision, potentially setting a precedent for other airlines and banks in the region.

Beyond operational efficiency, the deal aims to provide a competitive edge to Air Arabia in the increasingly crowded low-cost airline market. The digital payment facility is expected to attract a broader demographic, including tech-savvy millennials and Gen Z customers who favour quick and convenient digital financial services. Mbank’s platform offers an intuitive user interface backed by advanced cybersecurity measures, ensuring transaction integrity and user privacy—a crucial factor in digital payment adoption.

Industry experts observe that this partnership could stimulate further innovation in travel-related financial products, such as loyalty programmes integrated with blockchain technology or smart contracts automating travel insurance claims and refunds. Given Air Arabia’s status as a trailblazer in the LCC market within the region, the integration of digital currency payments may drive more airlines to explore similar fintech collaborations to boost customer engagement and operational resilience.

The UAE’s fintech landscape has been expanding rapidly, supported by government initiatives like the Dubai Blockchain Strategy and Abu Dhabi’s financial free zones encouraging fintech startups and established institutions to experiment with digital currencies and payment systems. Al Maryah Community Bank has been at the forefront of this evolution, leveraging its digital-first banking model to offer innovative solutions that address gaps in traditional banking services, especially for younger, digitally native consumers.

The banking sector’s shift toward digital currencies is also influenced by the growing emphasis on cross-border remittances and e-commerce in the Gulf Cooperation Council economies. With millions of expatriates living and working in the UAE, seamless and cost-effective international payments are essential. AE Coin’s integration into travel payments potentially simplifies the complex landscape of foreign exchange and international fees, offering transparent, instant settlement.

Air Arabia’s move complements broader aviation industry trends where airlines increasingly seek to diversify revenue streams through ancillary services, including payment facilitation. Providing customers with alternative payment methods can enhance booking flexibility and reduce abandoned transactions, particularly in regions where credit card penetration remains variable.

Mbank’s leadership has highlighted the collaboration as a step toward building a future-ready banking environment that embraces emerging technologies and anticipates customer needs. Their approach includes ongoing investments in blockchain research and partnerships aimed at expanding the utility of digital currencies beyond conventional use cases.

Sceptics caution, however, that widespread adoption of digital currencies in mainstream commercial sectors faces hurdles such as regulatory uncertainty in some jurisdictions, fluctuating asset valuations, and the need for consumer education. Nevertheless, the tightly regulated environment of the UAE and its proactive approach to digital asset regulation mitigate some of these concerns, positioning this partnership as a test case for successful integration.

Air Arabia’s CEO emphasised that the move reflects a commitment to innovation and customer-centricity, stating that digital payment solutions are integral to the airline’s future growth strategy. The ability to offer fast, secure, and cost-effective payment options will enhance the overall travel experience and contribute to operational efficiencies.

Analysts note that this partnership signals a broader shift in the travel and banking sectors towards embracing digital ecosystems that reduce friction and enhance service delivery. The potential for scaling such solutions beyond air travel, into areas such as hotel bookings, car rentals, and travel insurance, could redefine consumer expectations in the region’s travel market.

NesmaKent Energy Company , the joint venture between Saudi Arabia’s Nesma & Partners and the international engineering firm Kent, has secured a significant project management consultancy contract with Saudi Aramco. This contract marks a milestone for NKJV, positioning the partnership as a crucial player in the kingdom’s energy infrastructure development amid expanding ambitions in the energy sector.

The PMC contract involves comprehensive project oversight and management services for one of Saudi Aramco’s large-scale energy initiatives. NKJV’s responsibilities will span across planning, execution monitoring, quality control, cost management, and ensuring adherence to safety and environmental standards. This contract is part of Aramco’s broader strategy to engage specialised joint ventures that combine local expertise with international engineering standards, reinforcing Saudi Arabia’s Vision 2030 objectives to diversify and modernise its energy sector.

Nesma & Partners, well-established for its construction and engineering projects within the kingdom and region, has brought extensive local market knowledge and regulatory experience to the partnership. Kent, recognised for its global engineering and project consultancy portfolio, contributes advanced technical capabilities and international project management best practices. Together, the joint venture is expected to deliver high-quality consultancy services that meet Aramco’s stringent operational and environmental benchmarks.

The contract signals the growing trend among Saudi energy entities to engage collaborative partnerships that marry domestic strengths with foreign technological expertise. This aligns with the kingdom’s policy to increase localisation and private sector participation in mega projects. NKJV’s role as a PMC will extend beyond traditional supervisory functions, encompassing risk mitigation, technical advisory, and integration of innovative engineering solutions aimed at optimising project delivery and operational efficiency.

Saudi Aramco’s selection of NKJV follows a competitive tender process where multiple firms vied for the contract. The award underscores Aramco’s confidence in NKJV’s combined capabilities and track record. The project itself forms part of a wider portfolio of energy infrastructure investments by Aramco, which include enhancements in oil production facilities, downstream expansions, and renewable energy projects as the company transitions towards sustainable energy sources.

NesmaKent Energy’s contract exemplifies the shifting dynamics within the Saudi energy sector, where engineering consultancy and project management are gaining prominence as critical factors in successful project execution. The emphasis on specialised joint ventures highlights the kingdom’s commitment to leveraging cross-border partnerships to accelerate technological transfer and capacity building.

Industry experts note that the contract reinforces the strategic positioning of Nesma & Partners and Kent in the Middle East’s energy market. Nesma’s long-standing presence in Saudi Arabia has enabled it to navigate complex regulatory environments and develop robust relationships with government entities and private sector clients. Kent’s engineering pedigree, with a portfolio spanning oil and gas, petrochemicals, and infrastructure, complements Nesma’s regional experience with global standards.

The joint venture’s involvement in this Aramco project is expected to generate significant employment opportunities and skill development programmes in line with Saudi Arabia’s localisation agenda, known as Saudisation. NKJV plans to incorporate training modules and knowledge transfer frameworks to build local competencies in project management and engineering consultancy.

The energy project under NKJV’s management consultancy contract is critical to Aramco’s operational goals, encompassing upgrades to production capacity and the integration of advanced monitoring and control technologies. These developments are part of Aramco’s efforts to maintain its position as the world’s leading energy producer while adapting to evolving global energy demands and environmental regulations.

The scope of NKJV’s mandate also includes coordinating with multiple contractors, subcontractors, and regulatory bodies to ensure seamless execution. This requires a high level of technical expertise, project coordination skills, and compliance with international safety and quality certifications. NKJV’s approach reportedly emphasises sustainability and innovation, incorporating digital tools such as Building Information Modelling and real-time project analytics to enhance transparency and decision-making.

As Saudi Arabia intensifies its focus on energy diversification, including the expansion of renewable energy projects alongside traditional hydrocarbon investments, the expertise of joint ventures like NKJV will be crucial. Their ability to deliver complex projects efficiently and within budget will be pivotal in meeting the kingdom’s long-term strategic targets.

NesmaKent Energy’s success in securing this contract may open doors for further collaborations between Saudi and international firms in the energy consultancy sector. This contract reflects a broader trend of joint ventures becoming key conduits for technology transfer and knowledge exchange in the Gulf’s infrastructure and energy projects.

Arabian Post Staff For expatriates settling into the United Arab Emirates, understanding the country’s unique postal system is essential. Unlike many nations that utilize traditional postal codes, the UAE primarily relies on a Post Office Box system for mail distribution. This approach reflects the country’s infrastructural evolution and its emphasis on centralized mail collection points. In the UAE, individuals and businesses typically rent P.O. Boxes from Emirates […]

Etihad Airways reported a profit of 685 million dirhams for the first quarter of 2025, marking a 30% increase year-on-year. This growth was attributed to robust demand and enhanced operational efficiency. Total revenue rose by 15%, supported by gains in both passenger and cargo business. Passenger revenue climbed 16% to 5.5 billion dirhams , bolstered by increased capacity, ongoing network expansion, and more frequent flights. The airline […]

Dubai Holding has successfully raised AED 2.14 billion through the initial public offering of its Dubai Residential REIT, marking the largest real estate investment trust listing in the Gulf Cooperation Council to date. The offering, priced at AED 1.10 per unit, attracted substantial investor interest, with total demand exceeding AED 56 billion, leading to an oversubscription rate of 26 times. Originally set to offer 12.5% of the […]

Dubai has initiated a pilot programme to tokenise property ownership, marking a significant advancement in its property sector. The Dubai Land Department , in collaboration with Prypco, has launched the ‘Prypco Mint’ platform, enabling fractional property investments through blockchain technology. This initiative positions Dubai as the first city in the Middle East and North Africa region to implement a licensed platform for real estate tokenisation. The project […]

The UAE’s real estate sector recorded transactions exceeding AED239 billion in the first quarter of 2025, driven by investor confidence, regulatory reforms, and a robust pipeline of developments. A total of 94,719 sales, purchase, and mortgage deals were registered across Abu Dhabi, Dubai, Sharjah, Ajman, and Ras Al Khaimah, signalling a strong start to the year for the property market.

Dubai led the surge with 45,474 transactions valued at AED142.7 billion, marking a 22% increase in volume and a 30% rise in value compared to the same period in 2024. The ready property segment achieved its highest quarterly performance in over a decade, with 20,034 transactions worth AED87.5 billion. Off-plan sales also remained robust, accounting for 25,440 transactions valued at AED55.2 billion. This growth reflects sustained demand from both end-users and investors, supported by a shift from renting to owning amid rising rental prices.

Abu Dhabi’s real estate market also demonstrated significant growth, with transaction values increasing by 34.5% to AED25.3 billion across 6,896 deals. Saadiyat Island emerged as the leading area for real estate transactions, recording deals amounting to AED5.6 billion, followed by Yas Island with AED3.6 billion and Mohammed Bin Zayed City with AED2.1 billion. The emirate’s focus on high-value existing homes indicates a maturing and strategic market movement.

Sharjah reported a 31.9% increase in real estate transactions, totaling AED13.2 billion across 24,597 deals. Muwailih Commercial led the sales with 1,787 transactions worth AED1.9 billion. The growth is attributed to legislative changes allowing foreign ownership in specific areas, enhancing the emirate’s position on the global real estate investment map.

Ajman recorded 15,125 real estate transactions in 2024, with a value totaling AED20.5 billion, marking a 21% growth compared to 2023. The numbers indicate the emirate’s upward trajectory in real estate, supported by modern infrastructure and a wide array of investment opportunities.

Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, noted that the UAE’s real estate boom is fuelled by the country’s broader economic and cultural progress, making it one of the world’s most attractive destinations for living, working, and investing. He highlighted that 40% of property buyers are international, reflecting the growing interest in the region.

Dubai has launched the world’s largest visa application centre, a sprawling 150,000-square-foot facility located in Wafi City. Operated by VFS Global, the centre is designed to process up to 10,000 visa applications daily, serving as a centralised hub for travellers seeking entry to 37 countries. The centre boasts over 200 service counters and employs more than 400 staff members from 25 different nationalities, reflecting the emirate’s commitment […]

Hitachi Vantara has introduced VSP 360, a comprehensive data management software designed to streamline storage across diverse environments. The new platform integrates block, file, object, and software-defined storage into a single, unified system, aiming to simplify operations and enhance efficiency for enterprises managing complex data landscapes. The launch reflects growing demand among organisations for versatile and scalable storage solutions capable of supporting hybrid and multi-cloud deployments. VSP […]

Scammers operating in the UAE have increasingly exploited WhatsApp’s business platform to impersonate trusted contacts, aiming to extract sensitive personal and financial information from unsuspecting users. This surge in fraudulent activity has prompted Meta, WhatsApp’s parent company, to initiate a targeted public awareness campaign by directly messaging users in the UAE with detailed guidelines to distinguish legitimate business profiles from fake ones.

These deceptive practices often involve scammers creating profiles that mimic reputable companies or individuals, using official logos and business names to gain credibility. The impersonators then contact users, requesting confidential details such as passwords, banking information, or verification codes under various pretexts, including prize claims, urgent payments, or account verification. Such tactics prey on the trust that users place in familiar or official-seeming contacts, making it crucial to understand the warning signs of fraudulent profiles.

Meta’s communication emphasises several practical steps for users to verify the authenticity of business accounts on WhatsApp. Genuine business profiles typically feature a green checkmark badge, signifying that WhatsApp has verified the account’s authenticity. Additionally, the FAQ highlights that official business accounts often provide clear contact information, including physical addresses and email IDs, which can be cross-checked independently. Users are advised to be cautious of unsolicited messages from accounts lacking these markers, especially if they request personal or financial information.

The prevalence of such scams in the UAE reflects a broader global trend where digital fraudsters exploit popular communication platforms. The UAE’s rapidly expanding digital economy and high smartphone penetration have made it an attractive target for cybercriminals. Reports indicate that these scams have led to significant financial losses and identity theft cases, affecting both individuals and businesses. Authorities in the region have responded by increasing collaboration with technology firms and law enforcement agencies to identify, disrupt, and prosecute offenders.

Cybersecurity experts underscore the importance of user vigilance and education alongside technological safeguards. They advise that users should not share one-time passwords , verification codes, or bank details via messaging apps. Moreover, any unsolicited requests for payments or personal data should be treated with scepticism. Experts also recommend reporting suspicious profiles directly to WhatsApp and local cybercrime units to aid in swift action against scammers.

WhatsApp has implemented several backend security measures to combat such misuse, including automated detection of suspicious accounts and the ability for users to block and report fraudulent profiles easily. However, the dynamic nature of scams means that fraudsters continuously evolve their methods to bypass safeguards, making user awareness a critical line of defence.

The UAE government has been proactive in addressing cybercrime through legal and regulatory frameworks. The Federal Law No. 5 of 2012 on Combatting Cybercrimes stipulates stringent penalties for offences involving electronic fraud, impersonation, and data breaches. These laws are complemented by public education initiatives and partnerships with the private sector to enhance digital literacy and security awareness across the community.

Telecommunications providers in the UAE have also joined efforts to strengthen network security and raise awareness about phishing and social engineering attacks. Campaigns targeting both consumers and corporate clients aim to provide up-to-date information on the latest threats and prevention strategies. These initiatives are crucial as social messaging platforms like WhatsApp remain primary communication channels for many residents and businesses in the country.

Despite these efforts, challenges remain due to the anonymous and borderless nature of cybercrime. Fraudsters often operate from outside the UAE, complicating jurisdictional enforcement. International cooperation and intelligence-sharing between countries have become essential components of the global response to digital fraud schemes. UAE authorities participate actively in such cooperative frameworks, seeking to enhance their capacity to track and dismantle scam networks.

Users are increasingly urged to adopt best practices for online security, including enabling two-step verification on WhatsApp accounts, regularly updating app software, and avoiding clicking on suspicious links. Businesses are encouraged to educate their customers about official communication channels and verify any unusual requests through direct contact.

By K Raveendran In his relentless pursuit of what he calls economic nationalism, President Donald Trump’s ‘trade jihad’ is targeting newer and more diverse sectors of the global economy. The latest front in this campaign is the high-tech industry, with a particular focus on smartphone manufacturing. This marks a significant escalation both in terms of […]

HONG KONG SAR – Media OutReach Newswire – 24 May 2025 – Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, hailed as a “success” his recent visit to the Middle East (May 10-15), where he led a delegation of more than 50 business leaders and entrepreneurs from Hong Kong and Mainland China on a visit to Qatar and Kuwait. “This Middle East visit […]

Over 25,000 professionals from more than 30 countries convened at the Riyadh Front Exhibition & Conference Center between 20 and 22 May for the Saudi Entertainment and Amusement Expo and the Saudi Light & Sound Expo. The events featured over 550 exhibitors, highlighting Saudi Arabia’s commitment to transforming its entertainment sector in line with Vision 2030. Sarkis Kahwajian, Associate Vice President at dmg events, the organiser of […]

Leading Educational Experts Convene at Knowledge Exchange Festival 2025 Navigating Collective Creative Futures through Arts Education HONG KONG SAR – Media OutReach Newswire – 24 May 2025 – To foster greater understanding and facilitate dialogue on creative teaching and learning among stakeholders in education and the arts, AFTEC, with funding from The Hong Kong Jockey Club Charities Trust, presents the Knowledge Exchange Festival on 23 – 24 […]

CoreWeave, a leading AI cloud infrastructure provider, has entered a multi-year partnership with Aston Martin Aramco Cognizant Formula 1 Team as its Official AI Cloud Computing Partner. This alliance marks a strategic push by the racing outfit to leverage advanced artificial intelligence and cloud technologies to enhance performance, innovation, and competitive edge on the Formula 1 circuit. The collaboration centers on integrating CoreWeave’s high-performance cloud computing platform […]

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