By K Raveendran Microsoft’s deepening engagement with India is both a strategic imperative and a reflection of its renewed focus on emerging technologies under the leadership of Satya Nadella. Nadella’s connection to India goes beyond his heritage; his initiatives underscore a profound appreciation for the country’s pivotal role in shaping the future of technology. As […]
PHNOM PENH, CAMBODIA – Media OutReach Newswire – 8 January 2025 – Prince Foundation welcomed 10 Nanyang Technological University (NTU) students from Singapore for a three-week program focused on expanding education access and entrepreneurship mentoring in Cambodia. NTU students return to Cambodia to develop innovative solutions for advancing education and entrepreneurship in underserved communities. The students, participating in the NTU PEAK ASEAN Program, conducted field research and […]
3 in 5 Grab partners are keen to pursue a Diploma or Degree Grab partners and their loved ones benefit from exclusive admission requirements, and enjoy additional perks including free trial classes to select courses, as well as learning tools such as tablets when they sign up via GrabAcademy Select Diploma programmes are also available in Chinese, making it easier for more partners to upskill themselves without […]
BANGKOK, THAILAND – Media OutReach Newswire – 8 January 2025 – This Chinese New Year, global visitors to Bangkok can look forward to an unforgettable celebration as the city’s most iconic destinations come alive with grand festivities under the theme “A Prosperous Chinese New Year 2025.” From January 28 to February 2, 2025, travelers from around the world are invited to immerse themselves in a unique multicultural […]
By Dr. Gyan Pathak Prioritizing employment generation and increasing funds for employment guarantee schemes have unquestionably emerged as the top priority during pre-budget consultations of Union Minister of Finance Nirmala Sitharaman for the Union Budget 2025-26, both with the Central Trade Unions (CTUs) and India Inc. The confederation of Indian Industry (CII) urged the Union […]
SINGAPORE – Media OutReach Newswire – 8 January 2025 – More than 340 young scientists[1] will have a rare chance to engage with leading experts in science and technology from around the world at the Global Young Scientists Summit (GYSS) 2025. The Summit has drawn participants from 49 countries, a 40 per cent increase from 2024[2], marking the highest number in the past five years and reflecting […]
Achieves GRESB Five-Star Rating HONG KONG SAR – Media OutReach Newswire – 10 January 2025 – Dedicated to achieving a sustainable, zero-carbon future by prioritising environmental, social, and governance (ESG) factors across its businesses, Chinachem Group (“Chinachem”) has been recognised as a Global Sector Leader for 2024 in the prestigious Global Real Estate Sustainability Benchmark (GRESB), achieving the highest possible five-star rating in both the Development Benchmark […]
The “Enjoy the Authentic Joy from Europe” campaign brings the irresistible flavours of renowned deli meats to Hong Kong for Chinese New Year. HONG KONG SAR – Media OutReach Newswire – 10 January 2025 – Food plays an essential role in bringing people together during moments of celebration, and this is especially true for the upcoming Chinese New Year. While it may seem that European deli meats […]
HONG KONG SAR – Media OutReach Newswire – 10 January 2025 – Today, IX Asia Indexes announced the 2024 4th quarter review of ixCrypto Index Series and IX Digital Asset Industry Index Series. The constituent changes will be effective on 17th January 2025 (Friday). The results of the constituent review and exchange review are as follows: 1. Constituent Review – ixCrypto Index Series 1.1 ixCrypto Index (“IXCI”) […]
By Dr. Gyan Pathak Delhi elections has clearly shown that the opposition INDIA bloc has now become a dilapidated house in which the walls and pillars are falling apart. Saying two of its allies – Congress and Aam Aadmi Party (AAP) has broken away, will be an understatement, since the Congress is not only trying […]
DHAKA, BANGLADESH – Media OutReach Newswire – 10 January 2025 – The Best Places to Work certification program has recognized Foodpanda and Novo Nordisk as the top two best places to work in Bangladesh for 2024. These leading organizations are celebrated for their exceptional commitment to employee well-being, innovation, and the creation of people-first workplace cultures. Foodpanda, a leading online food delivery platform, has earned the top […]
Saudi Arabia has officially assumed leadership of the International Society for Reef Conservation (ICRI) Secretariat, marking a pivotal moment in the global fight to protect coral reefs. The move was confirmed during the 2025 ICRI conference, where environmental ministers and stakeholders from around the world gathered to discuss the escalating challenges coral reefs face and the urgent need for coordinated global action. Saudi Arabia’s selection as the […]
By Arun Srivastava RSS chief Mohan Bhagwat visiting Bengal for ten days is certainly not such a big news to draw attention. But his stay this time attains importance for the reason that he would discuss the state of the BJP and RSS in the state and give direction to the RSS workers to take […]
HONG KONG SAR – Media OutReach Newswire – 9 January 2025 – Award-winning brokerage VT Markets, a global leader in financial services, has released its 2025 Q1 Economic Outlook. In the report, the broker spotlights the remarkable trajectory of gold in 2024 and its potential market performance in the coming year. The report further delves into key drivers of gold’s price movement; an explainer on why the […]
A consortium led by the Arab Energy Fund (TAEF), formerly known as the Arab Petroleum Investments Corporation (APICORP), has acquired a 100% stake in Metito Utilities, a Dubai-based global investor and operator specializing in sustainable water management solutions. The acquisition, conducted in partnership with Saudi Arabia’s Zamil Group Investment Company and the Ghandour family, aligns with TAEF’s strategic vision to enhance energy security and sustainability by investing […]
Saudi Arabia’s Public Investment Fund (PIF) has made a significant investment of $200 million into the first globally listed exchange-traded fund (ETF) based in the Kingdom. The strategic move aims to bolster Saudi Arabia’s ambitions of diversifying its economy beyond oil and positioning the nation as a key player in global financial markets. This infusion of capital marks a notable step in the PIF’s growing efforts to […]
Ajman’s real estate market experienced a significant surge in December 2024, with transactions totaling AED2.28 billion, marking a 102% increase compared to the same period in 2023. This growth underscores the emirate’s expanding appeal to investors and its robust property sector. The Department of Land and Real Estate Regulation reported that December 2024 saw 1,169 real estate transactions, including 935 property sales valued at over AED1.86 billion. […]
A first for the polytechnic, this exemption allows learners to free up and reallocate curriculum time. They can choose to use the freed-up periods to attain additional industry professional certifications. SINGAPORE – Media OutReach Newswire – 9 January 2025 – Commencing April 2025, learners who pass O-level Computing and enrol into NYP’s School of IT can apply for an exemption from the Programming Competency Unit (CmU), or […]
Andrey Rogachev provides insights into the dynamics of Dubai as the regional design and architectural hub. Investor and strategic management expert Andrey Rogachev discusses the role of international partnerships in the UAE, using the example of the exclusive representation of the German premium construction paint brand Profitec. in an interview with Arabian Post, he shares insights on how industry leaders are driving nearby markets forward to take […]
Offer extended to 17 January 2025. Offer Price remains firm at RM11.00 Per Share KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 January 2025 – Gateway Development Alliance Sdn Bhd (“GDA“) and its shareholders (collectively, the “Consortium“) announced that as at 5:00 p.m. today, it has received valid offer acceptances of 1,385.5 million shares and a further 18.2 million shares have accepted the offer pending verification, […]
By K Raveendran As we enter 2025, the accelerating proliferation of artificial intelligence (AI) is poised to reshape the global landscape in ways akin to the transformational impact the internet had in the late 20th century. Within the first few days of the year, AI-driven technology stocks have seen substantial surges, with shares of major […]ADNOC Logistics & Services Plc (ADNOC L&S), a prominent player in the global energy maritime logistics sector, has secured a hybrid capital instrument valued between $1.1 billion and $2 billion. This financial move is strategically aligned with the company’s ambitious growth and investment plans. The initial drawdown from this facility amounts to $1.1 billion, with an additional $900 million available for future investments until December 31, 2026. […]
Dubai Aerospace Enterprise (DAE) has announced a definitive agreement to acquire 100% of Nordic Aviation Capital (NAC), a leading aircraft leasing company established over three decades ago. The terms of the transaction have not been disclosed.
As of September 2024, NAC’s fleet consisted of 252 owned and committed assets, leased to approximately 60 airline customers across 40 countries. Following the acquisition, DAE’s fleet will expand to about 750 owned, managed, and committed aircraft, valued at approximately $22 billion, serving around 170 airline customers in 70 countries.
Firoz Tarapore, CEO of DAE, expressed enthusiasm about the acquisition, stating, “We are delighted at this opportunity to add NAC’s capabilities, complementary market presence, and people to our platform. This transaction will allow us to provide more cost-effective solutions to a larger group of customers.”
The acquisition will be financed through internal resources and committed debt financing, ensuring that DAE’s leverage and funding metrics remain consistent with its credit ratings. The transaction is subject to regulatory approvals and the approval of NAC Holdings Limited’s shareholders, with completion anticipated in the first half of 2025.
Emirati billionaire Hussain Sajwani has pledged to invest $20 billion in the U.S. data center industry, a move announced alongside President-elect Donald Trump at his Mar-a-Lago residence in Palm Beach, Florida.
Sajwani, chairman of Dubai-based DAMAC Properties, expressed his intention to potentially exceed the $20 billion investment, contingent upon favorable market conditions. This substantial commitment underscores the growing demand for data infrastructure to support advancements in artificial intelligence and cloud services.
DAMAC Properties, under Sajwani’s leadership, has a history of collaboration with the Trump Organization, notably developing the Trump International Golf Club in Dubai, which opened in 2017. Sajwani’s relationship with Trump has been well-documented, with the two families sharing both business and personal ties.
The announcement comes amid a surge in investments in AI technology and the necessary infrastructure to support it. Since the introduction of OpenAI’s ChatGPT in late 2022, there has been a significant increase in funding directed toward generative AI technology and the infrastructure required to support it. For instance, Microsoft announced plans to invest approximately $80 billion this fiscal year to expand its AI capacity.
President-elect Trump has emphasized his commitment to bolstering domestic industries and attracting foreign investment. During his campaign, he proposed higher tariffs on Chinese goods to limit China’s access to advanced data center technology. The announcement of Sajwani’s investment aligns with Trump’s economic agenda, aiming to stimulate job creation and technological advancement within the United States.
However, it’s worth noting that not all previously announced investments have come to fruition. Early in his first term, Trump announced a $10 billion investment by Foxconn in a Wisconsin factory, which promised thousands of jobs but was largely abandoned. Despite such precedents, the current investment climate, particularly in AI and data infrastructure, appears more robust, with multiple tech giants committing substantial funds to expand their capabilities.
Sajwani’s investment is expected to focus on the construction of data centers across various U.S. states, including Texas, Arizona, Oklahoma, Ohio, Illinois, Louisiana, Michigan, and Indiana. These facilities will play a crucial role in supporting the growing demands of AI applications and cloud computing services.
The U.S. data center industry has been experiencing significant growth, with estimates suggesting that the country could attract up to $1 trillion in data center investments over the next five years. Sajwani’s commitment represents a notable contribution to this expanding sector, highlighting the increasing importance of data infrastructure in the digital economy.
In addition to his ventures in real estate and data centers, Sajwani has diversified his business interests through his private investment firm, which acquired Italian fashion group Roberto Cavalli in 2019. He has also invested in luxury developments in London, including the Versace-branded DAMAC Tower in Nine Elms.
The collaboration between Sajwani and Trump has not been without scrutiny. Their business dealings have raised questions about potential conflicts of interest, given Trump’s political position and the international scope of their ventures. Nonetheless, both parties have maintained that their relationship is strictly professional, centered around mutually beneficial business opportunities.
As the U.S. continues to tighten restrictions on the export of AI chips to China, investments like Sajwani’s are seen as strategic moves to bolster domestic technological infrastructure. The Biden administration had previously implemented measures to limit China’s access to advanced AI technology, a stance that President-elect Trump appears poised to continue with key appointments in his administration.
Sajwani’s commitment to investing in U.S. data centers reflects a broader trend of international investors recognizing the potential of the American technology sector. With the increasing integration of AI and cloud services into various industries, the demand for robust data infrastructure is set to rise, making such investments both timely and strategically significant.
The announcement has been met with optimism from industry analysts, who view it as a positive indicator of continued growth and innovation in the U.S. technology sector. As these data centers become operational, they are expected to create numerous job opportunities and contribute to the advancement of AI and cloud computing technologies.
While the full impact of Sajwani’s investment will unfold over the coming years, its alignment with current technological trends and economic policies suggests a significant boost to the U.S. data center industry. As the digital economy expands, the importance of such infrastructure investments cannot be overstated, positioning the United States as a continued leader in technological innovation.
