The limited-edition pre-order will begin today, marking the addition of new DHL fashion items to the sought-after DHL collection among fashionistas In collaboration with the local NGO Redress, a charity sale of the fashion pieces will be held, with all profits to be donated in support of next generation of designers to address fashion’s environmental challenges HONG KONG SAR – Media OutReach Newswire – 8 January 2025 […]
HONG KONG SAR – Media OutReach Newswire – 16 January 2025 – The Transport Department of the HKSAR Government recently announced an increase in the daily processing capacity for “Northbound Travel for Hong Kong Vehicles”, raising the limit from 400 to 500 applications per working day, reflecting a growing demand in the market. Automotive Platforms and Application Systems (APAS) R&D Centre has been actively working with professional […]
Kenya has found a new partner for its ambitious railway expansion project, turning to the United Arab Emirates after China scaled back its financial commitment to the initiative. The move comes at a time when Kenya is striving to complete its multi-billion-dollar railway infrastructure plans aimed at connecting key cities and boosting economic activity. The shift in Kenya’s funding strategy emerged following a reduction in the financing […]
Steam turbines are essential to modern power generation, transforming the thermal energy of steam into mechanical energy that generates power. Their design depends on the precise coordination of various components, each crafted to maximize performance and sustainability. A deeper understanding of the key components of steam turbines reveals how they work together to improve energy efficiency and foster progress in green technology. Rotors and Blades: The Core […]
AM Green, a prominent producer of green hydrogen and ammonia, has entered into a strategic partnership with DP World, a global logistics leader, to establish a sustainable supply chain for green fuels and chemicals. This collaboration aims to position India as a central hub for the export of green ammonia and methanol, significantly contributing to global decarbonization efforts. Under the Memorandum of Understanding (MoU) signed in December, […]
Neighborhood Retail Assets and Industrial/Logistics Sector Gain Investors’ Interest Since the Politburo’s emphasis in its September 2024 meeting that authorities “must work to halt the real estate market decline and spur a stable recovery,” Chinese mainland residential market sentiment has strengthened significantly, supporting a pick-up in primary market home sales Total investment volume in the Greater Bay Area (GBA) commercial real estate (CRE) market recorded RMB44.7 billion […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 January 2025 – 2024, a year of geopolitical stress and major political changes, is drawing to a close. It is time to focus on the future and identify new trading opportunities. However, according to Octa broker, the outlook for the global economy is uneven and mixed, ‘rife with uncertainties and riddled with challenges’, so traders are advised to […]
Abu Dhabi’s state-owned holding company, ADQ, has acquired a 22% stake in Aramex, a leading global logistics and transportation solutions provider. This strategic investment aims to bolster the United Arab Emirates’ position in the international logistics and transportation sector.
The acquisition was executed through a series of on-market transactions and an off-market special deal. Murtaza Hussain, ADQ’s acting chief investment officer for M&A and alternative investments, stated that Aramex’s global leadership in logistics complements ADQ’s existing investments, including Abu Dhabi Ports, Abu Dhabi Airport, and Etihad Rail, as the company works to expand the UAE’s logistics ecosystem.
Established in 1982, Aramex has grown into a global provider of logistics and transportation solutions, with over 600 offices in more than 65 countries. The company offers a wide range of services, including domestic and international express delivery, e-commerce shipping and fulfillment solutions, road, air, and sea freight, supply chain management, and more.
In September 2020, ADQ initially acquired the 22% stake in Aramex through its subsidiary, Alpha Oryx Limited. This move was part of ADQ’s broader strategy to invest in key sectors that support the UAE’s economic diversification and growth.
Subsequently, in January 2022, Alpha Oryx transferred its 22.32% stake in Aramex to Abu Dhabi Ports Group, another ADQ subsidiary. This transfer aimed to create synergies between Aramex’s global logistics operations and Abu Dhabi Ports’ regional infrastructure, enhancing the UAE’s logistics capabilities.
Aramex has been actively restructuring its operations to adapt to the evolving logistics landscape. In September 2021, the company split its core businesses into Aramex Express, focusing on business-to-consumer deliveries, and Aramex Logistics, handling business-to-business operations. This strategic realignment was designed to capture growth opportunities in the post-COVID-19 transportation and logistics industry.
The UAE’s logistics sector has been experiencing significant growth, driven by increasing e-commerce demand and strategic investments in infrastructure. ADQ’s acquisition of a substantial stake in Aramex aligns with the nation’s vision to become a global logistics hub, leveraging its strategic location and advanced infrastructure.
ADQ, established in 2018, is one of the region’s largest holding companies, with a broad portfolio spanning key sectors, including utilities, tourism and hospitality, aviation, transportation, logistics, industrial, real estate, media, healthcare, food and agriculture, and financial services. The company’s investment in Aramex reflects its commitment to enhancing the UAE’s economic competitiveness and diversification.
“SME ESG Charter” 2024 enhanced brand image and expanded business opportunities for participating SMEs HONG KONG SAR – Media OutReach Newswire – 9 January 2025 – Close to 90% of small and medium enterprises (“SMEs”) participating in the SME ESG Charter 2024 (“ESG Charter 2024”) have acknowledged that they have benefited from enhanced brand image, reflecting the significance of the ESG Charter 2024 jointly launched by Dah […]
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. […]
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 […]
Growth strategy: medium-term sales potential of more than € 300 million Growth drivers in the core business: packaging, digital printing Software and lifecycle business Industrial business: focus on further expansion 175 years: the company has been shaping the printing industry for decades with technological innovations, quality and reliability Numerous anniversary activities throughout the year HEIDELBERG, GERMANY – Newsaktuell – 8 January 2025 – Heidelberger Druckmaschinen AG (HEIDELBERG) […]
Largest-ever delegation of homegrown tech companies capturing global attention and potential business opportunities HONG KONG SAR – Media OutReach Newswire – 8 January 2025 – Hong Kong Science and Technology Parks Corporation (HKSTP) marked significant presence at the Consumer Electronics Show (CES) 2025 in Las Vegas, where a largest-ever delegation of 51 tech companies and institute at Hong Kong Tech Pavilions is capturing the attention of industry […]
HONG KONG SAR – Media OutReach Newswire – 6 January 2025 – The Hong Kong Industrial Artificial Intelligence and Robotics Centre (FLAIR), specialising in AI and robotics application R&D, will make its debut at CES 2025 in Las Vegas, USA, from 7 to 10 January. CES 2025: A Hub for Global Tech Innovation CES, the world’s most influential technology event, connects global brands, industry leaders, and innovators […]
Saudi Arabia’s water sector experienced pivotal advancements in 2023, with desalinated seawater production growing by 31 percent. The increase has resulted in desalinated water now accounting for half of the country’s distributed water supply, marking a rise from 44 percent in the previous year. These developments were detailed in the latest report from the General Authority for Statistics, which highlights significant shifts in the kingdom’s water management […]
HONG KONG SAR – Media OutReach Newswire – 2 January 2025 – Since the global AI boom sparked by ChatGPT in December 2022, the artificial intelligence industry has consistently attracted market attention, with investment enthusiasm only increasing over the past two years. For most, however, the future of AI remains opaque. Despite its prominence, questions persist about the technology’s evolution and its impact on markets and investors. […]
SINGAPORE – Media OutReach Newswire – 3 January 2025 – Flint, the pioneering deep tech company developing a proprietary paper battery technology, has raised US$2 million in seed funding. This funding round, led by a global consortium of angel investors, will accelerate Flint’s efforts to bring high-performance, sustainable energy storage solutions to market. “This funding milestone represents years of technical breakthroughs, and now, with real-world applications on […]
Emaar The Economic City (EEC), the master developer behind Saudi Arabia’s King Abdullah Economic City (KAEC), has secured shareholder approval for a substantial capital reduction aimed at extinguishing accumulated losses. During the Extraordinary General Meeting (EGM) held on December 31, 2024, shareholders endorsed the board’s proposal to decrease the company’s capital by 53.83%, reducing it from SAR 11.33 billion to SAR 5.23 billion. This decision involves canceling […]
HONG KONG SAR – Media OutReach Newswire – 2 January 2025 – Canon Hongkong Company Limited (Canon Hong Kong) is pleased to announce today the appointment of Mr. Gary Lee as the company’s new CEO, with immediate effect. With over three decades of experience in accounting and finance, Mr. Lee joined Canon Hong Kong in 1997 and has held several senior management positions across different business units […]
Elevating Urban Living with Holistic Wellness and Timeless Elegance: Proud Real Estate Redefines Luxury with Romm Convent, Bangkok’s Premier Wellness Residence in the Heart of Convent-Sathorn BANGKOK, THAILAND – Media OutReach Newswire – 30 December 2024 – In the bustling heart of Bangkok’s prestigious Convent-Sathorn area, Proud Real Estate Plc. introduces Romm Convent, a beacon of luxury wellness living designed for the discerning urbanite. Amidst a thriving […]
By Anjan Roy Thirty-three years are half a lifetime. Thirty-three years ago, Dr Manmohan Singh stepped into a high-profile limelight, well after his formal retirement from a senior government job. When he died last Friday at the age of 92, he was considered India’s greatest finance minister and the architect of India’s modern economy. There […]Matein Khalid I am still puzzled by the frenzied selling in the bond market after the FOMC cut its dot-plot projections from 4 to 2 for 2025 at its Dec 18 conclave. Why? Mr. Market had already priced in two rate cuts in 2025 after he was spooked by the uptick in core PCE/CPI data. Inflation risk in Trumpnomics is exaggerated but with the President elect now […]
BANGKOK, THAILAND – Media OutReach Newswire – 27 December 2024 – PTT Oil and Retail Business Public Company Limited (OR) is driving international growth and sustainable innovation, leveraging its diverse portfolio to navigate volatile global markets. Amid geopolitical uncertainties and fluctuating oil prices, OR has posted robust financial results and unveiled a strategic roadmap aimed at transforming its business for a sustainable and inclusive future. For the […]
Modern architecture has taken giant strides in the last couple of decades. In all this, the importance of efficient power distribution has become important. According to experts, busbars have emerged as a key component in this transformation, revolutionising how electrical systems are designed and implemented in contemporary buildings. These sturdy and versatile conductors offer a streamlined solution for distributing electrical power with enhanced safety and reliability. As […]
