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Kuwait’s non-oil economy displayed a positive but moderated growth trajectory in June compared to May, according to the latest S&P Global Kuwait Purchasing Managers’ Index (PMI). The headline figure dipped slightly to 51. 6 from 52. 4 in May, but remained comfortably above the 50. 0 threshold that indicates expansion in business activity. This moderation in growth suggests a potential settling after a period of strong gains. […]

Qatar Airways has reached new heights, soaring to record profits on the wings of a strategic expansion plan. The state-owned carrier reported a net profit of 6. 1 billion riyals ($1. 7 billion) for the financial year ending March 31, 2024, a significant 32. 4% increase compared to the previous year. This stellar performance marks the airline’s strongest financial showing in its 27-year history. Attributing this success […]

Amazon is revving up its sustainability efforts in the Middle East by collaborating with authorities in the United Arab Emirates (UAE) to launch an electric vehicle (EV) delivery fleet. This initiative aligns with the UAE’s push for a greener transportation sector and complements Amazon’s global commitment to reduce its environmental footprint. Prashant Saran, a senior executive overseeing operations in Amazon Turkey, Middle East and Africa, revealed the […]

Shama Suasana Johor Bahru Relaunches as 87 All-Suite Premier Serviced Residence in Vibrant Cityscape JOHOR BAHRU, MALAYSIA – Media OutReach Newswire – 1 July 2024 – Shama Suasana Johor Bahru unveils a new chapter announcing the official rebranding from Suasana Suites Johor Bahru. This exciting transformation marks a new era of exceptional hospitality in the heart of vibrant Johor Bahru. Shama Suasana Johor Bahru’s relaunch ribbon-cutting ceremony […]

Tourist spending in Saudi Arabia has witnessed a significant surge in the first quarter of 2024, marking a positive trend for the kingdom’s tourism industry. According to data released by the Saudi Central Bank, inbound visitor expenditure reached a staggering $12 billion (SAR 45 billion), reflecting a year-on-year increase of 23%. This growth aligns with Saudi Arabia’s ambitious Vision 2030 strategy, which prioritizes economic diversification and positions […]

Arabian Post Staff -Dubai Dubai’s residential rental market, which has seen explosive growth in recent years, is anticipated to experience a period of stabilization with slower rent increases throughout 2024. This comes after a significant rise in rental prices fueled by high demand and a limited supply of available properties. Real estate consultancies like CBRE acknowledge the increasing pressure on affordability for tenants. Their reports indicate a […]

Singapore-based Laura Ellington Music Teams with Stand-Up Legend Kumar for Video SINGAPORE – Media OutReach Newswire – 3 July 2024 – Singaporean comedian and television icon Kumar joins forces with Laura Ellington Music for their latest music video, “Lady Singapore Groove.” This unique collaboration skewers erroneous perceptions of Singapore through music and humour. “Lady Singapore Groove”, the song, was conceived by LEM creative director Toni Thompson; the […]

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Luxury hospitality brand Fairmont Hotels & Resorts has announced its foray into the Dubai residential market with the launch of the Fairmont Residences Solara Tower. This collaboration with established UAE developer Sol Properties promises to redefine luxury living in the heart of Downtown Dubai. The 55-storey tower is currently under construction and slated for completion by the third quarter of 2027. The project brings together the unparalleled […]

By David Raby MEXICO CITY: Scarcely a month has passed since the general elections in Mexico, and despite calling for a recount which no-one except hard-core conservatives takes seriously (when you’re trounced two to one the only rational reaction is to examine the reasons for your failure), the opposition coalition has yet to come up […]

Office market net absorption remained positive, high street vacancies stabilized The Hong Kong Grade A office market recorded growth for the third consecutive quarter, with overall net absorption remaining positive at 318,000 sq ft in Q2. Nevertheless, office rents remained under pressure due to the lifted availability rate, dropping 1.5% q-o-q. The overall high street vacancy rate stabilized, and rents continued to record low single-digit growth rate […]

By Anjan Roy Taxation of the super-rich is becoming current coin in International deliberations on the global financial structure and funding of development. In a recent multi-nation deliberations organised by the Heinrich Boll Stiftung of Berlin, Indian participant Rakesh Mohan, former deputy governor of RBI, drew attention to the fact that while the World bank […]

The adorable new rising star “CHOONSIK” is set to showcase his talents, leading a team of original characters to compete joyfully across four major venues. A highlight will be the highly popular 5-meter-tall inflatable CHOONSIK trophy making its grand appearance. HONG KONG SAR – Media OutReach Newswire – 2 July 2024 – In the summer of 2024, the world’s attention will be focused on the highly anticipated […]

American Airlines, a major player in the commercial aviation industry, has announced a significant stride towards sustainable air travel. The company has signed a conditional purchase agreement with ZeroAvia, a pioneering startup focused on hydrogen-electric propulsion technology for aircraft. This agreement entails the acquisition of 100 hydrogen-electric engines, potentially revolutionizing American Airlines’ regional routes. The pact signifies American Airlines’ commitment to reducing its environmental footprint. Hydrogen-electric engines […]

DUBAI, UAE – EQS Newswire – 2 July 2024 – EANAN Al Samma (https://EANAN.ae/), a UAE-based technology company leading the next evolutionary step in transportation through advanced air mobility (AAM), has signed a memorandum of understanding (MOU) with the University of Dubai (UD), Xi’an Jiaotong University (XJTU) and Zhuji SRJL Materials Laboratory to foster international cooperation in applied sciences and expand the dissemination of academic and research […]

Saudi Arabia’s energy sector received a significant boost on July 1st with the announcement of seven new oil and gas discoveries. The finds, spread across the kingdom’s Eastern Province and the vast Empty Quarter desert, highlight the continued potential of the world’s second-largest oil producer. Leading the exploration efforts was state-owned oil giant Saudi Aramco. Details revealed by Prince Abdulaziz bin Salman, Saudi Arabia’s Energy Minister, indicated […]

DA NANG, VIETNAM – Media OutReach Newswire – 2 July 2024 – Da Nang – Asia’s Leading Festival and Event Destination 2022, recognised by the World Travel Awards, continues solidifying its status as the region’s festivals city with Sun Group’s world-class events and performances this summer of 2024. ‘Symphony of River’ show at Da Nang Downtown with artistic fireworks every night. DIFF 2024 – Performance of nearly […]

For those seeking a reliable and approachable note-taking application, Folio presents a compelling open-source option. Built with the user experience in mind, Folio prioritizes both functionality and ease of use, making it a strong contender in the ever-growing market of note-taking apps. One of Folio’s key strengths lies in its utilization of Markdown, a lightweight formatting language that allows users to structure their notes with ease. Markdown’s […]

The Big Reveal Will Take Place on Tuesday, 2nd July, at an Official Brokers Briefing Event Prescott Development, one of the renowned real estate developers in the UAE, proudly announces the launch of “Fairway Residences” in the rapidly growing Dubai Sports City. This stunning 14-floor architectural marvel embodies modern elegance and exceptional design, offering breathtaking views of the verdant golf course. The big reveal will take place […]

Kuwait is poised to ignite its oil and gas sector with the upcoming tender of a significant upstream project valued at a staggering $3. 3 billion. This initiative marks a substantial investment aimed at bolstering the nation’s hydrocarbon production capacity. Details regarding the specific nature of the project remain undisclosed. However, industry insiders anticipate it to encompass exploration, development, and potentially even production activities. The hefty price […]

By Nantoo Banerjee With a record number of over 360 journalists detained in jail in more than 30 countries across the world mostly on the charges of espionage, WikiLeaks’ Julian Assange must thank Australian Prime Minister Anthony Albanese and his stars to get himself freed after pleading guilty to violating the US espionage law, ending […]

Henkel Adhesive Technologies, a global leader in adhesives, sealants and functional coatings, announced a significant milestone in its journey towards environmental sustainability. All its manufacturing sites in the Middle East and Africa (MEA) region have now transitioned to 100% renewable electricity. This achievement eliminates carbon dioxide (CO2) emissions from electricity usage, also known as Scope 2 emissions, for these facilities. The shift to renewable energy sources across […]

JAKARTA, INDONESIA – Media OutReach Newswire – 1 July 2024 – VinFast expands its Indonesian lineup with the VF 5, an electric SUV designed for the A-segment. Following the debut of the VF e34 in March, this marks VinFast’s second offering in Indonesia. VinFast officially launches sales of the VF 5 in Indonesia on July 1st, 2024 VinFast officially launches sales of the VF 5 in Indonesia […]

The transaction is completed via American Anthracite SPV I, LLC, a controlled entity under BUMA International. The acquisition enhances Delta Dunia Group’s geographic and revenue diversification, aligning with its strategic growth objectives. ACG represents a value-accretive acquisition expected to boost the Group’s revenue, backed by secured long-term contracts with key customers. The acquisition fosters collaboration among ACG, BUMA, and the Group’s other businesses, enhancing safety and mining […]

The Saudi Ports Authority (Mawani) recently announced the launch of a new shipping service significantly boosting Jeddah Islamic Port’s connectivity to major commercial centers in China and Egypt. This development strengthens the Kingdom’s position as a key logistics hub within the region. The CBS service, operated by the Chinese shipping line NewNew Line, will establish a direct link between Jeddah and four prominent Chinese port cities:Tianjin, Qingdao, […]

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