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Shoppers can enjoy 12 days of exciting deals from top local and international brands, including Dyson, De’Longhi, SMEG, Bose, Hasbro, Bioderma and more Celebrate Black Friday at Amazon.sg Holiday Playground with exciting activities during selected time periods on 22 and 23 November at SuperPark Singapore SINGAPORE – Media OutReach Newswire – 18 November 2024 – (NASDAQ: AMZN) – Amazon Singapore today unveiled an exciting lineup of Black […]

Global climate goals are facing an escalating challenge as the 1.5°C target, a key ambition set under the Paris Agreement, increasingly appears unattainable. Despite decades of concerted global efforts, the pace of emissions reductions has remained insufficient to halt the ongoing rise in global temperatures. Many experts now argue that it is time to reassess strategies and focus on more adaptable and pragmatic climate solutions. The central […]

The US-based private capital software platform sets up base in Sydney as part of Investment NSW’s efforts to grow New South Wales into a thriving global hub for business. SYDNEY, AUSTRALIA / SINGAPORE – Media OutReach Newswire – 14 November 2024 – Carta today announced its expansion into the Australian market, marking a significant milestone in the company’s roadmap to connect more startups and investors with its […]

Hong Kong’s first spectacular pyrotechnic show at a shopping mall 2,024 dazzling pyrotechnics light up Sha Tin’s night sky A day of exciting free activities, 300 shopping discounts and mega events to boost the local economy HONG KONG SAR – Media OutReach Newswire – 17 November 2024 – In a year that marks the 75th anniversary of the founding of the People’s Republic of China, Sun Hung […]

LIMA, PERU / SHANGHAI, CHINA – Media OutReach Newswire – 15 November 2024 – “From Chancay to Shanghai,” this expression has become quite popular in Peru, and it has finally become a reality. China’s financial hub Shanghai, which has the world’s largest port, is expected to welcome more goods from Latin America. And from Shanghai, these products will be shipped throughout Asia. The Chancay Port, which was […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 12 November 2024 – The recent U.S. presidential election and subsequent economic events have significantly impacted the Malaysian Ringgit (MYR), with the USDMYR exchange rate reaching a three-month high on Monday. Octa Broker’s financial market analyst, Kar Yong Ang, explains the reasons for the recent weakness in the Malaysian ringgit and provides short-term exchange rate projections. It has been […]

BEIJING, CHINA – Media OutReach Newswire – 13 November 2024 – The first-ever Global Alliance Against Hunger and Poverty will be officially launched at the upcoming 19th G20 Summit in Rio de Janeiro, marking a further step towards the goal of eliminating extreme hunger worldwide by the United Nations’ 2030 deadline. The nascent initiative was pre-launched by Brazilian President Luiz Inacio Lula da Silva at the Ministerial […]

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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 13 November 2024 – As China solidifies its influence across Southeast Asia, it becomes the region’s largest trading partner and a crucial investor in areas like infrastructure, technology, and renewable energy. This release explores how China’s expanding economic reach shapes Southeast Asian markets, from Indonesia’s booming coal exports to Vietnam’s tech transformation, and provides a glimpse into future growth […]

CASABLANCA, MOROCCO – EQS Newswire – 11 November 2024 – The inaugural Morocco Showcase Summit: Tourism, Hospitality, Invest will take place Nov. 19-20 at the Marriott Hotel in Casablanca, emphasising how Morocco creates a compelling opportunity for Arabian investors to diversify their portfolios and capitalise on the country’s booming hospitality market. The bilingual English and French summit, a collaboration of Société Marocaine d’Ingénierie Touristique (SMIT) and API […]

DAMAC Properties, the UAE-based real estate giant, has ventured into the world of premium travel with the launch of DAMAC Air, a luxury airline designed for high-end tourists seeking bespoke experiences in some of the world’s most exotic destinations. This new venture comes as part of the company’s expansion from real estate and hospitality into the luxury travel sector, continuing its tradition of offering elite services. DAMAC […]

Dubai’s economy saw a notable growth of 3.3% in the second quarter of 2024, reaching a value of Dh116 billion ($31.58 billion), fueled by strong performance in key non-oil sectors like tourism, technology, and trade. This growth reflects the emirate’s continued diversification efforts and its ability to capitalize on emerging global trends.

Tourism has played a significant role in this expansion, with the sector experiencing a remarkable uptick in activity. Dubai’s tourism sector has long been a major contributor to its GDP, and in 2024, it was buoyed by the city’s robust tourism campaigns and major international events. The city hosted several high-profile exhibitions, concerts, and sporting events, which, along with the easing of global travel restrictions, have increased visitor numbers. This has had a direct impact on hospitality, retail, and entertainment industries, driving substantial revenue growth in these areas.

The technology sector also made impressive strides, contributing heavily to Dubai’s overall economic performance. Investment in tech infrastructure and innovation continues to push the boundaries of the city’s capabilities, attracting both regional and global players. Dubai has positioned itself as a hub for digital innovation and a global destination for tech startups. With Dubai’s Smart City initiative and various tech-centric projects, the city is setting a benchmark in AI, fintech, and blockchain adoption. These technological advancements are expected to play an even larger role in sustaining growth as the global digital economy expands.

Real estate, a longstanding pillar of Dubai’s economy, continues to show resilience. Despite global uncertainties, the property market has shown consistent demand, especially in the luxury sector. The city’s ambitious developments, including the Expo City Dubai, have helped maintain investor confidence. In addition, increased construction and infrastructural developments have stimulated job creation and supported economic activity in related sectors.

Trade, another critical non-oil sector, also saw an uptick, benefiting from Dubai’s strategic position as a global trade hub. The emirate has expanded its trade relationships, particularly in Asia and Africa, further cementing its status as a gateway for goods flowing into the Middle East and beyond. Efforts to enhance logistics, including advanced port facilities and a strong air cargo network, have been pivotal in boosting the trade sector.

While non-oil sectors remain the driving force, the overall economy has benefited from Dubai’s proactive stance in securing long-term partnerships and fostering innovation. Dubai has capitalized on global shifts, such as the rise of e-commerce and increased demand for digital services, leveraging its infrastructure and regulatory environment to support these industries.

However, challenges remain, particularly in global economic uncertainties and geopolitical factors that could affect trade and investment. The city’s leadership is aware of the need for sustainable growth, and they continue to promote policies aimed at ensuring resilience in the face of global risks. A strong focus on sustainability and green technologies is expected to be a cornerstone of Dubai’s development in the coming years, as part of efforts to diversify and future-proof the economy.

Unveiling The Future of Communication: AI-Powered, People-Centric, and Hyper-personalised SINGAPORE – Media OutReach Newswire – 8 November 2024 – Live Group has officially launched Envoku, an innovative platform that leverages artificial intelligence to revolutionise communication, engagement, and inclusivity across events, workplaces, and customer interactions. With a people-first approach, Envoku bridges gaps between diverse audiences, providing hyper-personalised experiences that foster deeper connections and engagement. In a world where […]

BEIJING, CHINA – Media OutReach Newswire – 8 November 2024 – Since its inception more than three decades ago, the Asia-Pacific Economic Cooperation (APEC) has become a dynamic engine of economic growth and one of Asia Pacific’s most important regional forums. Its 21 member economies represent approximately 62 percent of the world GDP and nearly half of world trade. As the 2024 APEC gathering will commence soon […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 6 November 2024 – Asian financial markets are experiencing increased interest from novice traders. In Southeast Asia, online trading has expanded rapidly, driven by growing internet access and an increasingly digital-savvy population. In Indonesia, active online traders grew by 18%, supported by a thriving e-commerce sector and rising financial literacy. Across Southeast Asia, the digital economy is projected to […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 6 November 2024 – Current developments and key facts As of 7:00 a.m. UTC, most data providers, including ABC, CBS, NBC, and CNN, projected that Donald Trump would become the next president of the United States. However, even as Trump’s victory looks almost guaranteed at this point, it is the balance of power in the U.S. Congress that will […]

International Forum for sustainable development gathered political and commercial leaders HONG KONG SAR – Media OutReach Newswire – 4 November 2024 – To celebrate its 35th Anniversary, Hong Kong Quality Assurance Agency (HKQAA) held the 35th Anniversary Forum cum Celebration Ceremony at Ballroom, Level 3, JW Marriott Hotel Hong Kong. The Forum in the morning session was officiated by Mr Christopher Hui, GBS, JP, Secretary for Financial […]

By Nantoo Banerjee With geopolitical tensions rising in Europe and Asia and central banks across the world buying gold like never before are mainly behind the near continuous rise in gold prices since last year. The surging gold price trend may continue through the coming months unless peace and economic stability soon return to the […]

DUBAI, UAE – Media OutReach Newswire – 29 October 2024 – During an official visit to the United Arab Emirates (UAE), Vietnamese Prime Minister Pham Minh Chinh witnessed the signing of Memoranda of Understanding (MOUs) between Vingroup, VinFast, and leading partners in the Middle East. These MOUs cover strategic areas, including maritime development and shipyard building capabilities, sustainable coastal land utilization, digital transformation, and collaboration in electric […]

By Nitya Chakraborty The North Atlantic Treaty Organisation (NATO), the security alliance of the western nations led by the USA is having an uneasy period after celebrating its 75th year of founding in July this year with big fanfare. The recent summit of the BRICS in Kazan of Russia held on October 22 to 24 […]

SINGAPORE – Media OutReach Newswire – 29 October 2024 – Workato, the leading Enterprise Automation platform, announced today that it will partner with Seaco, one of the largest shipping container lessors in the world, to drive agility and market responsiveness across its business. Caption: June Lee (left), SVP and GM Asia Pacific at Workato and Damian Leach (right), Chief Information Officer at Seaco, signed a partnership agreement […]

Group also maintains top 5 global employer status in 2024 ranking BASEL, SWITZERLAND – EQS Newswire – 25 October 2024 – Syngenta Group has once again secured its position as one of the world’s top five employers, and the #1 agricultural employer, in the 2024 Science Careers Top Employers Survey. This marks the eighth consecutive year the company has achieved this prestigious recognition, underscoring its unwavering dedication […]

SINGAPORE – Media OutReach Newswire – 25 October 2024 – AIMX Singapore (AIMX SG) will return for its second edition at the Singapore Week of Innovation & Technology (SWITCH) 2024. The 3-day conference and exhibition will take place from 28-30 October at the Sands Expo and Convention Centre, and convene a global audience of AI practitioners, business leaders, Chief Technology Officers (CTOs), and the broader tech community […]

By Nitya Chakraborty The one-hour meeting between the Indian Prime Minister Narendra Modi and the Chinese President Xi Jinping on October 23 on the side lines of the BRICS summit at Kazan, has signalled a breakthrough in the bilateral relations between the two largest nations of Asia and the world. What was of significance of […]

Abu Dhabi is making bold strides to position itself as a global leader in food security by launching a pioneering initiative aimed at transforming the emirate into a net food exporter. The newly approved AgriFood Growth and Water Abundance (AGWA) cluster, backed by billions in investments, is set to become a game-changer in addressing global food shortages while leveraging advanced technologies in agriculture and water resource management.

The AGWA cluster, located in Abu Dhabi and supported by the Department of Economic Development (ADDED) and the Abu Dhabi Investment Office (ADIO), is designed to become an innovation hub for food production and water management. The emirate has earmarked substantial resources, expecting AGWA to generate AED 90 billion in additional GDP by 2045 and create over 60,000 new jobs. These figures are seen as essential to diversify Abu Dhabi’s economy beyond oil, providing critical support to its “Falcon Economy” and ensuring long-term sustainability.

This initiative builds on the UAE’s longstanding history of addressing food security. In 1969, under the leadership of Sheikh Zayed, the UAE established its first network of greenhouses on Saadiyat Island, a pioneering effort at the time to create sustainable food production systems. Today, AGWA continues this legacy by focusing on advanced technologies like alternative proteins, algae cultivation, and reverse osmosis for water desalination, among other innovations.

As global food demands rise due to population growth, expected to surpass nine billion by 2050, Abu Dhabi’s proactive measures highlight the emirate’s forward-thinking approach. The World Bank estimates that feeding this population will require a 50% increase in agricultural production and a 15% increase in water use, making solutions like AGWA critical. Abu Dhabi is home to approximately 24,000 farms, half of which are located in Al Ain, and these farms are expected to benefit from the cluster’s advanced infrastructure and support systems.

AGWA’s focus is on fostering sustainable food production, addressing both local and international needs. By supporting local suppliers and creating export opportunities, Abu Dhabi aims to strengthen its food security strategy while also contributing to global agricultural sustainability. This effort is seen as part of the UAE’s National Food Security Strategy 2051 and Water Security Strategy 2036, which aim to enhance the country’s resilience to food and water shortages by using cutting-edge technologies.

Abu Dhabi has also been working to enhance its infrastructure, attracting investors through a business-friendly environment, strong supply chain networks, and substantial government support. The launch of AGWA follows the introduction of other high-tech economic clusters, such as the Smart and Autonomous Vehicle Industries (SAVI) cluster, highlighting the emirate’s commitment to innovation across multiple sectors.

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