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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 […]

In a move signifying its ambition to become a prominent player in the Middle East and North Africa (MENA) region, India’s leading cryptocurrency exchange CoinDCX has acquired Dubai-based BitOasis. The acquisition, finalized on July 3, 2024, marks CoinDCX’s first major international expansion and strengthens its position in the burgeoning global crypto market. This strategic move comes on the heels of CoinDCX’s initial investment in BitOasis last August. […]

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 […]

At least 121 people died after a stampede broke out at a religious event in Uttar Pradesh’s Hathras last evening. The tragedy occurred during a ‘satsang’ of Bhole Baba aka Narayan Saakar Hari which was attended by over two lakh people. The site was overcrowded and there was extreme humidity. Officials said the satsang venue was […]
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 […]

European regulators are taking aim at Big Tech companies, with Nvidia potentially being the first to face an antitrust lawsuit. French authorities are accusing the chipmaker of abusing its dominant position in the AI market. This comes amidst a broader trend of the EU enforcing stricter digital competition laws, with investigations ongoing into Apple, Microsoft, and Meta. While some experts warn this could stifle innovation, others argue […]

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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 […]

OPEC’s oil output defied expectations in June, rising for the second consecutive month according to a Reuters survey. This increase comes despite ongoing production cuts implemented by the wider OPEC+ alliance, which includes major non-OPEC producers like Russia. The survey, which tracks oil supply to the market and is based on industry sources and shipping data, revealed that OPEC’s 12 member countries collectively pumped 26. 7 million […]

Silk Road Story: A river of friendship, Presented by Guangdong TV CAMBODIA – Media OutReach Newswire – 1 July 2024 – Six different nations are nurtured by one river that originates in China. A brand-new world is unveiled for children thanks to a long-awaited gift. A powerful bond is forged among different peoples thanks to the collaborative effort of governments, enterprises, think tanks, and social organizations. Stay […]

We’re into the second half of 2024. The S&P 500’s performance in the first half of the year has been noteworthy, marking its third consecutive quarterly rise and the sixth in the last seven quarters. This pattern of growth has spurred optimism about the market’s potential for continued gains in the latter half of the year. Reflecting on historical trends, we glean valuable insights into the possibilities […]

Arabian Post Staff deVere Group, a global player providing specialist cross-border financial advice to international investors and expatriates, has announced United Arab Emirates (UAE), New Zealand, and Italy as the top three destinations for the organisation’s financial graduates to live and work in the first half of 2024. This trend reflects the growing demand for international financial advisory services from high-net-worth (HNW) individuals in these regions, driven […]

By Sushil Kutty Prime Minister Narendra Modi was slated to reply to the Motion of Thanks to the President’s address at 4 pm on Tuesday. PM Modi must have spent the previous hours prepping for the reply which came nearly 24 hours after Leader of Opposition Rahul Gandhi had set ablaze the Lok Sabha with […]

Investment research firm Hindenburg Research profited modestly from the recent $153 billion plunge in the share prices of Adani Group, a conglomerate led by Indian billionaire Gautam Adani. According to a Bloomberg report, Hindenburg’s total windfall amounted to just $4 million, a relatively small sum compared to the scale of the market rout. The report highlights the limitations of short-selling strategies, even in situations of dramatic stock […]

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 […]

Support Local Businesses, Foster Inclusive Fashion KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 2 July 2024 – Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, unveils #ShopeeHaul Gaya Lagi Lit, a curated capsule wardrobe designed to empower Malaysian women on their journeys of self-expression. This innovative collection prioritises versatility and flattering silhouettes, offering a range of modest pieces that can be effortlessly combined to […]

Saudi Arabia’s tourism sector has witnessed a significant surge in the first quarter of 2024, with tourist spending exceeding $12 billion, according to the kingdom’s Ministry of Tourism. This substantial figure marks a considerable increase compared to previous quarters, indicating a positive trajectory for the nation’s tourism industry. The Ministry attributed this growth to a number of factors, including the introduction of electronic visas, streamlined travel procedures, […]

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 […]

The new, three-story Cellini store in Pangyo, South Korea will offer a comprehensive furniture experience. SOUTH KOREA – Media OutReach Newswire – 2 July 2024 – Cellini, a Singaporean furniture manufacturer and retailer will be opening a retail store in South Korea on 29 June 2024. Located in Pangyo, the three-story store will showcase a wide range of furniture for the home. Three-story Cellini store in Pangyo […]

The first day of the week brought a slight dip to Dubai’s gold market, with prices opening lower compared to the previous week’s closing figures. The data, compiled by the Dubai Jewellery Group, revealed a decrease of Dh0. 50 per gram for the widely traded 24K variant. This translates to an opening price of Dh281. 25 per gram on Tuesday morning, down from Dh281. 75 per gram […]

A day after Congress leader Rahul Gandhi’s all-out attack on the BJP sparked a huge ruckus in Lok Sabha, Prime Minister Narendra Modi today asked MPs of the ruling NDA to follow the rules of Parliament and ensure that their behaviour on the House floor is exemplary. The Prime Minister this morning addressed the NDA […]

SHANGHAI, CHINA – Media OutReach Newswire – 2 July 2024 – Recently, the 2024 Mobile World Congress Shanghai (MWC Shanghai 2024) was held at the Shanghai New International Expo Centre. This influential industry event, known for connecting the Asian ecosystem, attracted experts, scholars, and industry attendees from around the world. The Hetao International Organization Headquarters (HIOH) made its collective debut, and aims to leverage its position in […]

By Arun Srivastava For the first time in his ten-year rule, Prime Minister Narendra Modi, proclaimed to be the super-leader to shape the destiny of India, wore a pitiable, visibly shaken and dejected look sitting in the front row of the treasury benches in Lok Sabha, while Rahul Gandhi, who has been assigned the constitutional […]

This marks the ninth consecutive year to attain the Best Workplaces™ in Hong Kong HONG KONG SAR – Media OutReach Newswire – 2 July 2024 – DHL Express, the world’s leading international express service provider, has been named the No. 1 ‘Best Workplaces™ in Hong Kong 2024’ by Great Place to Work®. This marks the first time DHL Express has achieved the top position, and the ninth […]

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