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Emirates, a major airline based in Dubai, announced a series of strategic collaborations on the opening day of the Arabian Travel Market (ATM) 2024. These partnerships aim to bolster tourism opportunities in Malaysia, Turkey, and the Emirati capital, Abu Dhabi. The MoUs (Memorandum of Understandings) were signed with the respective tourism authorities of each region. They included Tourism Malaysia, the Türkiye Tourism Promotion and Development Agency (TGA), […]

Over 70% of the affluent individuals surveyed express a greater interest in home ownership and anticipate a rise in housing prices in the next 12 months HONG KONG SAR – Media OutReach Newswire – 6 May 2024 – Hong Kong conducted a survey in April 2024 on residential property ownership in Hong Kong in response to the Hong Kong Government’s withdrawal of all property cooling measures in […]

Arabian Post Staff – In a move signalling India’s growing thirst for diversifying its crude oil sources, Reliance Industries, the nation’s refining giant, has made a historic foray into the trading of West Texas Intermediate (WTI) Midland crude. This marks a significant development for Reliance, owner of the world’s largest refining complex at Jamnagar, and is indicative of a trend where Indian refiners are increasingly looking beyond […]

Dubai’s commitment to becoming a global sporting hub received a significant boost with the approval of designs for two new stadiums. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and President of Shabab Al Ahli Club, signed off on the architectural plans for dedicated homes for both Shabab Al Ahli and Al Wasl Football Clubs. The new stadiums, situated in Al […]

Indonesia, the world’s largest island nation,is revving its engines for a bioethanol revolution. The government has set its sights on harnessing the power of plants – specifically corn,sugarcane,and even seaweed – to produce a cleaner-burning alternative to fossil fuels. This ambitious plan is being spearheaded by Luhut Pandjaitan,Coordinating Minister for Maritime Affairs and Investment. Pandjaitan sees bioethanol as a critical weapon in the fight against air pollution, […]

Arabian Post Staff – The Dubai Financial Market (DFM) has joined forces with the Swiss Exchange, SIX, in a strategic partnership designed to expand investment opportunities for companies listed on both exchanges. This collaboration, announced during the Dubai Capital Market Summit, aims to streamline the process for companies seeking dual listings, essentially allowing them to trade their shares on both the DFM and the SIX. The agreement […]

Fourth Consecutive Win for Philanthropist Chen Zhi’s Prince Group as “Best in Cambodia” Award Highlights Ongoing CSR Excellence PHNOM PENH, CAMBODIA – Media OutReach Newswire – 3 May 2024 – Prince Holding Group, one of Cambodia’s leading business groups, has been honored with the Platinum Award at the 16th Annual Global CSR & ESG Summit and Awards. This accolade, recognizing Prince Holding Group as “Best in Cambodia” […]

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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 3 May 2024 – Understanding the intricacies of the Japanese yen (JPY) is essential to excel in trading. It is recognisable by its symbol ¥ and holds immense importance in the Forex market as a major reserve currency due to its popularity in carry trades. Impressively, it ranks as the third most traded currency, following only the U.S. dollar […]

Abu Dhabi,United Arab Emirates – May 3,2024 – Khalifa University (KU) has achieved a landmark accomplishment by securing the top position among universities in the United Arab Emirates (UAE) and an impressive 40th place overall in the prestigious Times Higher Education (THE) Asia University Rankings 2024.This remarkable rise signifies KU’s unwavering dedication to academic excellence and its continuous growth as a leading institution for higher education and […]

Dutch authorities apprehended a man allegedly involved in the Zkasino scam,a crypto-based scheme that defrauded users of over $30 million.The arrest,which took place earlier this week,marks a significant development in the ongoing investigation into the high-profile heist. Zkasino,an online casino platform launched in 2022,promised users anonymity and provably fair games through utilization of the Zcash blockchain.However,concerns were raised in early 2023 when users reported being unable to […]

Emerging Trends in Asian Philanthropy and Impact Investment: Opportunities and Challenges HONG KONG SAR – Media OutReach Newswire – 3 May 2024 – Hong Kong is renowned for its rich history of philanthropy and caring culture. It is widely recognized as one of the most vibrant and promising cities in the field of philanthropy and charity services. The HKSAR government actively leverages Hong Kong’s unique advantages in […]

Dubai International Airport has soared to new heights,claiming the coveted title of “best in overall passenger satisfaction” according to the International Air Transport Association’s (IATA) Global Airport Monitor survey.This accolade comes as a testament to the airport’s unwavering commitment to providing a world-class travel experience. The 2003 survey,which surveyed over 50,000 passengers across 35 participating airports,revealed Dubai exceeding expectations in a wide range of service areas.Passengers lauded […]

More than 440 registered foundations and over 600 active entities affiliated with top family businesses and individuals in DIFC as of 2023. Home to more than 120 of the world’s wealthiest families and individuals, with a total net worth exceeding USD 1trn. Dubai ranked 1st in MEASA region and among the world’s top 22 cities in terms of wealthiest population centres in 2023 with over 68,500 HNWIs. […]

Arabian Post Staff – Saudi Arabia’s financial sector is undergoing a significant transformation,with the kingdom setting its sights on attracting a surge of foreign investment.A recently unveiled report,the 2023 Financial Sector Development Program (FSDP),outlines a series of ambitious goals aimed at enhancing the appeal of the Saudi stock exchange to international investors. One key objective is to increase foreign ownership of free float shares to 17% by […]

The Central Bank of the United Arab Emirates (CBUAE) opted to maintain its key interest rate,the base rate,at 5.40%.This decision,announced on May 1st,2024,aligns with the US Federal Reserve’s recent move to keep its benchmark interest rate unchanged. The base rate is a critical indicator that influences borrowing costs throughout the UAE’s financial system.By setting this rate,the CBUAE can steer economic activity.Lowering the base rate generally encourages borrowing […]

Building a unique platform for investor education TORONTO, CANADA – Media OutReach Newswire – 2 May 2024 – Moomoo, the world’s most advanced trading platform, hosted an exclusive event at the Nasdaq MarketSite on April 29. This event brought together users, business partners and influencers from seven markets, to celebrate financial education empowerment across regions. The event was to celebrate the recently announced global strategic collaboration with […]

The Dubai Financial Market (DFM) witnessed a significant surge in new investor participation during the first quarter of 2024.According to Hamed Ali,Chief Executive Officer of DFM,the market attracted a staggering ten times the average number of new investors compared to the five-year period leading up to 2019.This impressive growth highlights the DFM’s increasing appeal and its efforts to cultivate a broader investor base. Ali made these remarks […]

BlackRock,the world’s largest asset manager,is anticipating a surge of interest in Bitcoin exchange-traded funds (ETFs) from major institutional investors.These institutions,which include sovereign wealth funds,pension funds,and endowments,manage trillions of dollars collectively and their entry into the cryptocurrency space could significantly impact the Bitcoin market. BlackRock has reportedly been actively educating these institutional clients about the intricacies of Bitcoin and the newly launched spot Bitcoin ETFs.Unlike traditional futures-based Bitcoin […]

Shares in Agility Global,a subsidiary of Kuwaiti logistics giant Agility,skyrocketed on their first day of trading on the Abu Dhabi Securities Exchange (ADX) on Thursday.The stock opened at 1.48 dirhams per share,a staggering 300% increase compared to the reference price of 0.37 dirhams set by the company.The price remained buoyant throughout the day,closing at 1.38 dirhams,solidifying its position as the second-most traded stock in terms of both […]

The United Arab Emirates (UAE) and Sudan have fostered a strong relationship grounded in mutual respect and close cultural links, according to UAE Ambassador Omar Al-Basha. In a recent interview, Al-Basha highlighted the longstanding cooperation between the two nations, emphasizing that their bond extends beyond political ties. “Our relationship with Sudan is unique,” Al-Basha said. “It’s not just about government-to-government connections; it’s about the deep-rooted ties between […]

SYDNEY, AUSTRALIA – Media OutReach Newswire – 1 May 2024 – AlphaX, a leading cryptocurrency exchange dedicated to shaping the future of trading, proudly announces its groundbreaking partnership with Formula 2 (F2) driver Enzo Fittipaldi. This collaboration marks an exciting convergence of high-speed racing and cutting-edge trading technology, aiming for the shared goal of Speed, Innovation, Winning the Future. Founded on transparency and innovation, AlphaX provides a […]

Dubai residents experienced a slight increase in living costs last February, according to the latest consumer price index (CPI) data released by Dubai Statistics Center. The index rose by 0.43% compared to January, indicating a modest uptick in inflation. While the February increase was relatively minor, it follows a trend of gradual inflation observed throughout the past year. Since February 2023, Dubai’s CPI has risen by approximately […]

The Central Bank of the United Arab Emirates (CBUAE) announced a financial milestone, with its balance sheet reaching a record AED 750 billion (approximately USD 204 billion) by the end of February 2024. This achievement signifies a robust 32.5% surge compared to February 2023, highlighting the UAE’s burgeoning financial strength. The CBUAE’s balance sheet report, released in late April, detailed a significant increase in its general budget. […]

The world’s largest luxury watch investment vehicle – WatchFund’s founder Dominic Khoo wins misrepresentation charges against all four Hong Kong businessmen and company MCA SINGAPORE – Media OutReach Newswire – 1 May 2024 – Dominic Khoo, founder of WatchFund, a multi-award-winning alternative investment firm, has won the misrepresentation trial against the plaintiffs in court. On 30 April 2024, after a trial spanning 12 days, the Singapore High […]

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