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DUBAI, United Arab Emirates – In a move that strengthens the UAE’s position in the green energy sector, DUBAL Holding, the emirate’s sovereign wealth fund with a focus on sustainable investments, announced the acquisition of an equity stake in BiOD Technology FZCO. BiOD holds the distinction of being the largest biodiesel manufacturer not only in the UAE but across the entire GCC region. The partnership between the […]

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 […]

Arabian Post Staff -Dubai A significant strengthening of economic ties between India and the United Arab Emirates (UAE) is anticipated following a forthcoming conclave in Dubai. The event, slated for early next year, is expected to serve as a launchpad for multi-billion dollar investments in key sectors like healthcare and trade. A focal point of the conclave will be the “India Hospital” project, envisioned as a transformative […]

Saudi Arabia’s Capital Market Authority (CMA) has given the thumbs-up to a public offering for the GIB Opportunistic Indian Equity Fund, paving the way for Saudi investors to tap into the growing Indian stock market. The announcement, made on July 7, 2024, follows an application submitted by GIB Capital, a leading Saudi Arabian financial services firm. The CMA’s approval signifies that the regulatory body has reviewed and […]

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 […]

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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, […]

By Nantoo Banerjee It may look odd that India aspiring to be an industrial powerhouse and a major global economy received a total foreign direct investment (FDI) of only US$28 billion, last year, compared to tiny Singapore receiving $160 billion and Hong Kong $113 billion. According to the UN Conference on Trade and Development (UNCTAD), […]

HONG KONG SAR – Media OutReach Newswire – 9 July 2024 – The annual BUSINESS GOVirtual (BGOV) Expo & Conference, focused on innovation and technology, will be held on 11-12 July 2024 at the Hong Kong Convention and Exhibition Centre. Event to Highlight Two Major Technology Trends: Generative AI and Digital Assets Generative AI and Digital Assets are the two new drivers of future economic growth. Over […]

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 […]

BEIJING, CHINA – Media OutReach Newswire – 8 July 2024 – The Shenzhen-Zhongshan Link, a mega cross-sea passage in south China that consists of one underwater tunnel, two bridges, and two artificial islands, opened to traffic on Sunday. A view of the Shenzhen-Zhongshan Link, a mega cross-sea passage in the Great Bay Area, June 27, 2024. Seven years on, Chinese designers and constructors have overcome some of […]

Dubai-based company Revibe is on a mission to transform the perception of refurbished electronics, aiming to not only be a leader in the region but also disrupt the global market. Founded in September 2022 with a focus on sustainability and affordability, Revibe is capitalizing on the growing demand for high-quality, pre-owned devices. The brainchild of co-founder Hamza Iraqui, Revibe was born out of a concern for the […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 July 2024 – With its well-rounded functionality, OctaTrader aims to cover the entire traders’ experience across four fundamental areas: payments, education, trading, and decision-making. This all-in-one architecture allows the application to form a trading ecosystem designed for clients of various experience levels, trading styles, and asset preferences. As such, the platform continuously evolves, receiving updates with new enhancements […]

Arabian Post Staff -Dubai The Saudi Arabian capital, Riyadh, is experiencing a growth spurt unlike any other in the Middle East. According to the latest Savills Growth Hubs Index, Riyadh has secured a coveted spot among the top 15 fastest-developing cities globally by 2033. This achievement is particularly noteworthy as Riyadh stands alone as the sole non-Asian representative on the prestigious list. This rapid ascent can be […]

The United Arab Emirates (UAE) is anticipating a robust economic performance in 2024, with a projected growth rate of 5% according to Abdulla bin Touq Al Marri, the nation’s Minister of Economy. This optimism comes amidst a backdrop of global economic uncertainties, including rising inflation and potential slowdowns. The UAE’s economic resilience is attributed in large part to its ongoing diversification efforts. The non-oil sector, encompassing industries […]

Artificial intelligence (AI) has become a transformative technology across various industries, from streamlining manufacturing processes to personalizing customer experiences. However, a recent chorus of warnings from industry leaders – Nvidia, Microsoft, and Meta – has shed light on the potential financial risks associated with AI development and implementation. Nvidia, a leading manufacturer of graphics processing units (GPUs) crucial for AI computations, highlighted the significant financial resources required […]

Oil prices surged on Monday, extending gains from the previous week after data revealed a larger-than-anticipated drop in U. S. crude oil stockpiles. The price of Brent crude futures, the global benchmark for oil, climbed by 1. 8% to $113. 10 per barrel. West Texas Intermediate (WTI) crude futures, the benchmark for U. S. oil, also rose by 1. 6% to $110. 20 per barrel. This increase […]

Saudi Reinsurance Co. (Saudi Re) announced a significant financial boost on July 4th, securing a $71 million capital increase through a strategic subscription agreement with the Public Investment Fund (PIF). This move strengthens Saudi Re’s financial standing and positions the company for continued growth within the Kingdom’s insurance sector. The binding agreement entails the issuance of 26. 73 million new ordinary shares by Saudi Re, each valued […]

By K Raveendran Elon Musk’s reported decision to put Tesla’s India entry on hold might seem like a setback for the world’s largest electric vehicle (EV) market. But a closer look reveals a situation where this delay could sting Tesla more than India. India’s potential as a future EV powerhouse, coupled with Tesla’s current struggles, […]

The Saudi Arabian technology sector witnessed a significant surge in the second quarter of 2024, fueled by a dramatic rise in registrations for artificial intelligence (AI) and cloud computing services. According to data released by the Saudi Ministry of Investment, registrations for AI technologies jumped by an impressive 53% compared to the same period last year. Cloud computing services also saw a substantial increase, with registrations climbing […]

Arabian Post Staff -Dubai The allure of long-term residency in Dubai is driving a surge in property purchases among professionals holding the coveted Golden Visa. This ten-year visa, awarded to investors and skilled workers in various fields, is prompting a shift from renting to owning as residents seek stability and potentially higher returns on their investments. Several factors are contributing to this trend. Recent policy changes have […]

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