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Expanding global portfolio of EV Centers of Excellence by the Group SHANGHAI, CHINA – Media OutReach Newswire – 22 May 2024 – DHL, the leading global brand in the logistics sector, has opened its latest electric vehicle (EV) Center of Excellence in Shanghai, China to support EV companies and its related sectors to grow their presence locally and globally. This marks the Group’s first EV Center of […]

SINGAPORE – Media OutReach Newswire – 21 May 2024 – Yew Digital Lock, a leader in advanced security solutions, is proud to announce its new status as the sole authorized dealer for Solity in Singapore. This significant development is part of Yew Digital Lock’s commitment to providing cutting-edge digital lock technology and exceptional service to its customers. “Becoming the sole authorized agent for Solity in Singapore represents […]

Chairman Chen Zhi Secures Visionary Leader Award as Prince Group Captures Best CSR Program PHNOM PENH, CAMBODIA – Media OutReach Newswire – 21 May 2024 –Neak Oknha Chen Zhi, Chairman of Prince Holding Group, has been honored with the prestigious Visionary Leader Award for the second consecutive year at the Global Brand Awards 2024. Simultaneously, Prince Holding Group has received the “Best CSR Program” award for its […]

BANGKOK, THAILAND – Media OutReach Newswire – 21 May 2024 – SCG International Corporation Co., Ltd. (SCG International) has taken a significant stride in promoting environmental stewardship by entering into a Memorandum of Understanding (MOU) with Buna Al Mamlaka (BUNA) to introduce advanced, sustainable construction technologies in Saudi Arabia. This collaboration is not only establishing showrooms in key regions for the sales and distribution of building materials […]

German research institute Fraunhofer IPMS and semiconductor manufacturer Infineon Technologies AG (Infineon) have achieved a significant milestone in the development of smart power technologies. Through a year-long joint project, Fraunhofer IPMS provided crucial support for Infineon’s Dresden site, enabling faster production ramp-up on 300mm wafers. The collaboration focused on optimizing process modules within the complex chip manufacturing process for smart power technologies on larger 300mm wafers. This […]

SINGAPORE – Media OutReach Newswire – 20 May 2024 – ERM, the world’s largest specialist sustainability consultancy, announces the expansion of its Southeast Asia (SEA) hub in Singapore, further strengthening its ability to advance the green economy and sustainability across Asia. Supported by the Singapore Economic Development Board (EDB), ERM’s expansion will help deepen its sustainability impact with leading organizations in the region. The decision to establish […]

The Department of Municipalities and Transport (DMT) in Abu Dhabi has announced a series of new assignments aimed at enhancing the emirate’s municipal services across various sectors. This strategic move underscores the DMT’s commitment to fostering a sustainable and thriving urban environment for Abu Dhabi’s residents and businesses. One key area of focus is the real estate sector. The launch of the Abu Dhabi Real Estate Centre […]

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Arabian Post Staff – Genting Group, a Malaysian conglomerate known for its large-scale resorts and casinos, has expressed interest in developing integrated resorts (IRs) in the United Arab Emirates (UAE). This comes as the UAE considers legalizing gambling, a significant shift for the region. Lim Kok Thay, Genting Group’s chairman, revealed the company’s openness to this possibility during the recent Genting Singapore annual general meeting. While responding […]

Arabian Post Staff Saudi Arabia, Kuwait and Bahrain are running relatively high fiscal deficits despite the high oil prices and these countries require still higher oil prices to mend the situation. According to a Standard & Poor’s report, these countries require either higher oil prices or export volumes, expansion of other nonoil revenues sources, or sharper cuts in expenditure to achieve fiscal balance. Given its Brent oil […]

The Dubai Electricity and Water Authority (DEWA) is considering expanding its scope by taking on a developer role. This potential move comes as the authority looks to diversify its operations and contribute more significantly to Dubai’s ambitious infrastructure goals. DEWA, currently responsible for Dubai’s electricity and water supply, has a proven track record of managing large-scale projects. The authority’s successful implementation of various renewable energy initiatives has […]

QBA 2024 Announces 35 Finalists Competing for Hong Kong’s Highest Honour in the Building Industry HONG KONG – Media OutReach Newswire – 18 May 2024 – Quality Building Award (QBA) 2024 has announced its shortlist of finalists, with 35 projects successfully advancing to the final round. Following presentations to the jury panel scheduled next month, the finalists will compete for the ultimate recognition. Held biennially, Quality Building […]

Bayanat, a leading provider of artificial intelligence (AI)-powered geospatial solutions listed on the Abu Dhabi Securities Exchange (ADX), kicked off 2024 on a high note. The company announced a strong financial performance for the first quarter (Q1), reporting AED 113 million in revenue. This marks a significant 12% year-over-year increase, solidifying Bayanat’s position in the geospatial solutions market. This impressive growth is attributed to Bayanat’s strategic expansion […]

Highlights of FY23/24 Results For the financial year ended 31 March 2024, total sales amounted to US$3,814 million – an increase of 5% compared to the prior year Gross profit totalled US$851 million – an increase of 19% EBITA, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, increased by 56% to US$343 million or 9.0% of sales (compared to 6.0% of sales in FY22/23) […]

Explores Local Development Opportunities HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, was invited to join the Hong Kong SAR delegation to visit the Middle East last week. The visit aimed to engage in discussions with local governments and financial institutions, exploring financial cooperation and development between Hong Kong and the Middle […]

PARIS, FRANCE – Media OutReach Newswire – 15 May 2024 – VinFast Auto (Nasdaq: VFS) today announced the signing of a cooperation agreement with Bosch, one of the leading global suppliers of automotive technology and services, giving VinFast customers in Europe access to Bosch’s extensive network of 700,000 charging points in 30 European countries and providing them with the freedom and convenience to travel across Europe with […]

Riyadh, Saudi Arabia – Metric, a global financial intelligence and analytics platform built for small and medium-sized businesses (SMBs), has been backed by the 500 Global program through the Sanabil 500 Mena Seed fund. This support underlines Metric’s commitment to fostering the burgeoning SME sector in Saudi Arabia, and the push towards digitization for businesses. 500 Global, a highly renowned multi-stage venture capital firm with $2.4B in […]

Early profitability sets the stage for a promising start toward its 2025 financial targets Highlight and achievements of Q1 FY24: Growth momentum continues, as revenue increased by 33% YoY, exceeding 31% of FY24 guidance to reach JPY 7.4 billion, driven by robust traction from existing customers and early success in vertical diversification strategies Gross profit grew 37% YoY, with gross margin reaching 51.7%, a historical high for […]

Former finance executive with Alibaba, Amazon, and Credit Suisse named MoneyHero’s permanent CFO SINGAPORE – Media OutReach Newswire – 14 May 2024 – MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a market-leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced the appointment of Hao Qian as the Company’s new permanent Chief Financial Officer (“CFO”), effective immediately. Reporting directly to […]

By Saifur Rahman Emirates Group that includes the world’s largest international passenger carrier Emirates Airline and its ground handling and ticketing arm Dubai National Air Travel Agency (Dnata) reported a 71 percent jump in net profits exceeding Dh18.7 billion (US$5.1 billion) in 2023-24 financial year ending March 31 2024, compared to Dh11 billion (US$3 billion) recorded the previous year. This is a new profit record for Emirates […]

  OsaBus, Europe’s charter bus rental company, is pleased to announce the expansion and strengthening of its bus rental services in Barcelona, Spain. OsaBus was founded back in 2013. Over the years, our dedication to quality service and customer satisfaction has propelled us to remarkable heights. In 2024, the company achieved a significant milestone by investing €1 million in new buses to expand services in Barcelona, reflecting […]

By Nantoo Banerjee It is good to note that India’s defence manufacturing industry is fast emerging as a major contributor to the country’s economy and quietly supporting the latest stock market surge. Defence manufacturers have never had it so good. The private sector defence manufacturing enterprises are doing extremely well alongside the traditional government-run publicly […]

The post India’s Arms Industry Is Witnessing A Big Market Boom first appeared on Latest India news, analysis and reports on IPA Newspack.

ADNOC Drilling Company, a leading oil and gas drilling services provider, continues its impressive performance streak, achieving record first-quarter revenue and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the period ending March 31, 2024. This stellar performance marks the third consecutive quarter where the company has surpassed market expectations. Revenue surged to a staggering $886 million, reflecting a robust 24% year-on-year growth. This upswing can […]

New MOU will see more internships and industry attachments introduced in addition to current programmes SINGAPORE – Media OutReach Newswire – 13 May 2024 – NCS and the Institute of Technical Education (ITE) today signed a memorandum of understanding (MOU) aimed at providing ITE students and graduates with more pathways to kickstart exciting careers in technology. The ceremony was witnessed by the Guest of Honour, Mr Tan […]

Dubai International Airport, a titan in the world of international travel, is gearing up for a monumental expansion. The centerpiece of this project is a brand new $35 billion passenger terminal at Al Maktoum International Airport, boasting an ambitious goal:to more than double the current retail space available to passengers. This translates to a staggering 100, 000 square meters of dedicated shopping territory, dwarfing the existing 40, […]

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