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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” […]

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 […]

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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 […]

Arabian Post Staff – Microsoft’s recent $1.5 billion investment in G42, a leading artificial intelligence (AI) and cloud computing company in Abu Dhabi, has cast a bright light on the United Arab Emirates’ (UAE) growing prominence in the global AI landscape. This move by the tech giant signifies not only Microsoft’s belief in G42’s potential but also the UAE’s ambitious strides towards becoming a major AI hub. […]

LOS ANGELES, UNITED STATES – Newsaktuell – 30 April 2024 – A dual economic strategy focusing on domestic economic development and international partnerships to address the underlying challenges facing the Sahel region could help Burkina Faso, Mali, Niger and Sudan to build more resilient institutions and foster long-term development, a recently published report says. Turning away from the West towards Russia and China: Supporters of Niger’s National […]

Dubai Holding, the investment conglomerate owned by the Dubai ruler, has undertaken a significant financial maneuver. They refinanced an $8.2 billion loan to consolidate debt held by two state-backed developers, Nakheel and Meydan, which they absorbed last month. This strategic move positions Dubai Holding to capitalize on the current boom in Dubai’s real estate market. The refinancing replaces older loan facilities with potentially more favorable terms, offering […]

Arabian Post Special Dubai Holding, the investment arm of Dubai’s ruler, has made a strategic move by refinancing a hefty US$8.2 billion loan. This debt consolidation replaced older facilities held by Nakheel and Meydan, two state-backed developers that were absorbed by Dubai Holding last month. This financial maneuver carries significant implications for the financial health of both the conglomerate and the wider Dubai landscape. Understanding the context […]

Net Profit Exceeds RMB10 Billion for the First Time with Diversified Synergistic Business Presence SHENZHEN, CHINA – Media OutReach Newswire – 30 April 2024 – On April 24th, Luxshare Precision unveiled its 2023 annual results, 2024 first-quarter financial figures and 2024 interim results forecast together, which brings positive market feedback due to its consistent improved profitability. With those eye-catching financial figures, Luxshare Precision’s stock price climbed over […]

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