JEDDAH — Saudia Group has significantly expanded its domestic flight network with the introduction of eight new daily services connecting Jeddah, Riyadh, and Dammam to Abha. This strategic move by the aviation conglomerate aims to bolster domestic tourism and aligns with the Saudi Tourism Authority’s initiatives to promote Abha as a prime destination, particularly during the Aseer Season and Saudi Summer campaigns. With this expansion, Saudia Group’s […]
Air Kerala, a new Indian airline spearheaded by UAE-based businessmen, is nearing its inaugural flight, with domestic operations targeted for early 2025. The carrier’s ambitions extend beyond India’s borders, with plans to set its sights on the United Arab Emirates (UAE) by 2026. This development comes after Zettfly Aviation, the company behind Air Kerala, received its initial no-objection certificate (NOC) from India’s Ministry of Civil Aviation. The […]
HONG KONG SAR – Media OutReach Newswire – 9 July 2024 – The first baijiu company listed on the Hong Kong Stock Exchange and the second Chinese sauce-aroma baijiu stock being publicly listed, ZJLD Group Inc. (“ZJLD” or the “Company”, SEHK stock code: 06979. HK), has been honored with the prestigious “2023 China Financial Market Award” – Outstanding IPO of the Year for its outstanding financial performance, […]
SINGAPORE – Media OutReach Newswire – 10 July 2024 – RaaB Family, a leading provider of baby products in Singapore, is excited to announce the opening of its new location, marking a significant milestone in the company’s journey. This expansion represents RaaB Family’s strategic move to venture overseas, aiming to introduce its brand to a wider audience and provide enhanced accessibility to its range of quality products. […]
HANOI, VIETNAM – Media OutReach Newswire – 10 July 2024 – VinFast, a pioneering Vietnamese electric vehicle (EV) manufacturer, is making waves on the global stage with its meteoric rise. This upstart, emblematic of Vietnam’s burgeoning economic power, has now set its sights on the electric vehicle market in the Middle East. VinFast EV manufacturing complex in Hai Phong, Vietnam Haiphong Harbor, once a symbol of a […]
Saudi Reinsurance Company (Saudi Re) announced the completion of its stake sale in Probitas Holdings (Bermuda) Limited (PHBL) for $157. 4 million. The divested stake, representing 49. 9% ownership of PHBL and its subsidiaries, is expected to positively impact Saudi Re’s financial performance in the third quarter of 2024, according to a company statement released on the Saudi Stock Exchange (Tadawul). The agreement between Saudi Re and […]
DHL Express’s digital tools are available to equip small and medium enterprises (SMEs) with knowledge and expertise to navigate the global marketplace from planning to aftersales SINGAPORE – Media OutReach Newswire – 10 July 2024 – DHL Express is empowering small and medium enterprises (SMEs) with a suite of digital tools to expand their footprint, and increase international trade and shipping activities. These digital tools enable resource-constrained […]
Dutch boiling water tap manufacturer Quooker is brewing up a future-proof distribution strategy with the help of Swiss logistics automation specialist Swisslog. The collaboration centers on a new, high-tech logistics center in Nieuw Reijerwaard, Netherlands, which broke ground in a recent ceremony. This €20 million project signifies Quooker’s response to its booming international presence. Founded in Rotterdam in 1970, the company has become a global leader in […]
HONG KONG SAR – EQS Newswire – 10 July 2024 – Recently, Uni-Bio Science Group Limited (the “Company”, together with its subsidiaries (Beijing Genetech, Shenzhen Watsin, Dongguan Watsin), the “Group”) is pleased to announce a strategic cooperation with Chongqing Minji Medical Device Co., Ltd. (hereafter “Chongqing Minji”). This partnership expands the Group’s business into the medical aesthetics device sector and enhances its long-term strategy in biopharmaceuticals and […]
Expected to generate value over 1.64 billion baht for medical laboratory and healthcare. BANGKOK, THAILAND – Media OutReach Newswire – 10 July 2024 – Informa Markets launched “Medlab Asia & Asia Health 2024,” the largest medical laboratory and medical device trade show and conference in Southeast Asia. Under the concept of International Healthcare Week, it focuses on presenting advancements and innovations in the medical industry, creating opportunities […]
By Tajul Islam As global economic dynamics shift, emerging economies seek new opportunities for growth and influence. A notable development is the BRICS coalition, originally comprising Brazil, Russia, India, China, and South Africa. With its recent expansion, the BRICS framework has introduced the concept of BRICS+, aiming for deeper and more flexible economic integration. This article explores the differences between BRICS and BRICS+, and examines the potential […]
Sir Keir Starmer’s alma mater, the selective grammar school benefitted from during his formative years, is set to extend its prestigious brand of education to the United Arab Emirates. Talks have concluded between the governors of Southend High School for Boys in Essex and Sharjah Education Authority, paving the way for a brand new campus in the Emirate. The Sharjah branch of Southend High School for Boys […]
Saudi Aramco, the world’s largest oil producer by crude output, has re-entered the international debt market with a US dollar-denominated bond issuance. This marks the company’s first foray into the global debt market since 2021, signifying its continued financial strength and strategic investment plans. The details of the bond offering were announced on the Saudi Stock Exchange (Tadawul) on July 9th, 2024. The bonds will be senior […]
Saudi Arabia’s Al-Hokail Academy Specialized Digital Polyclinics Company is diving into the public market. The healthcare provider announced plans for an initial public offering (IPO) on the Nomu-Parallel Market, a dedicated segment for smaller companies on the Saudi Stock Exchange (Tadawul). The offering will see Al-Hokail sell 2. 03 million shares, representing a 29% stake in the company. This dilution of ownership paves the way for potential […]
Qatar National Bank (QNB), the leading financial institution by assets in the Gulf region, reported a positive performance in the first half of 2024. The bank’s net profit climbed by 7% year-on-year, reaching QAR 8. 2 billion (approximately USD 2. 2 billion) by the end of June. This growth was fueled by a 9% increase in operating income, which reached QAR 20. 1 billion during the same […]
Dubai’s scenic coastline is poised for a significant makeover with the green light given to the Jebel Ali Beach Development Project. Approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, the initiative marks a crucial step towards the emirate’s ambitious Dubai 2040 Urban Master Plan. This grand vision aims to quadruple the length of public beaches in Dubai, significantly enhancing leisure […]
The Ascott Limited (Ascott), a leading serviced residence company under CapitaLand Investment Limited, is stepping up its game in Europe. The company announced a two-pronged strategy for growth:expanding its portfolio of properties and forging a strategic partnership with a major football club. Ascott is adding six new properties across Europe, bringing its total portfolio in the region to nearly 8, 000 units. This represents a 14% increase […]
Kodifly has raised $750K from Laidlaw Scholars Ventures to support its mission of enhancing infrastructure management through advanced spatial intelligence. HONG KONG SAR – Media OutReach Newswire – 9 July 2024 – Kodifly, a technology company using AI to support infrastructure management and increased safety in the Transportation sector announced today a $750K investment from Laidlaw Scholars Ventures. This funding will support Kodifly’s productization of its solutions, […]
Marks debut of The Unlimited Collection brand and expansion of lyf brand with six new property signings in Europe Enters into multi-year partnership with Chelsea Football Club as the “Official Global Hotels Partner” Operator of stadium hotels to be rebranded as lyf Stamford Bridge London LONDON, UK/SINGAPORE – Media OutReach Newswire – 8 July 2024 – The Ascott Limited (Ascott), the lodging business unit wholly owned by […]
Saudi Arabia’s residential property market received a significant boost in May 2024, with banks approving a substantial $2. 05 billion in new home loans. This figure, revealed by the Saudi Central Bank (SAMA), represents a 13% increase year-on-year and marks a 16-month high for the Kingdom’s mortgage market. The data indicates a robust and sustained demand for housing in Saudi Arabia. This trend aligns with the country’s […]
Saudi Arabia’s banking sector is experiencing a surge in profitability, with aggregate bank profits reaching a 14-month high in May 2024. According to data released by the Saudi Central Bank (SAMA), the combined profits of Saudi banks hit SR7. 33 billion ($1. 96 billion) in May, reflecting a significant 16% increase year-on-year. This positive trend extends to the year-to-date figures as well. Banks have collectively recorded a […]
The leaders of member states within the Shanghai Cooperation Organization (SCO) solidified their commitment to regional and global collaboration through the signing of the Astana Declaration on July 4th, 2024. Convening in the Kazakh capital, the summit marked a significant step towards a more unified SCO, outlining a shared vision for the future. The Astana Declaration, as emphasized by Russian President Vladimir Putin, serves as a roadmap […]
