News related to
Mid Term

Middle East Embraces ESG Formats in Financial Issuance

The Middle East is witnessing a significant shift towards environmental, social, and governance (ESG) formats in financial issuance. This trend marks a growing alignment with global sustainability standards as issuers in the region increasingly prioritize ESG criteria in their financial strategies. This shift is driven by the rising awareness of the importance of sustainable finance, alongside pressures from international investors and regulatory frameworks pushing for greener and […]

Emirates SkyCargo Orders $1 Billion Worth of Boeing 777 Freighters

Emirates SkyCargo, a leading player in the air freight industry, has finalized a significant deal with Boeing for the purchase of Boeing 777 freighter aircraft totaling $1 billion. This investment marks a strategic move by Emirates to expand its cargo fleet amid growing global demand for air freight services. The decision to acquire these state-of-the-art freighters underscores Emirates SkyCargo’s commitment to enhancing its operational capacity and efficiency. […]

Bankrupt Crypto Lender BlockFi to Initiate Initial Crypto Payouts via Coinbase

Bankrupt cryptocurrency lender BlockFi revealed plans on Thursday to begin its initial cryptocurrency distributions through Coinbase starting July 2024. The company, which filed for bankruptcy earlier this year amidst regulatory scrutiny and financial woes, aims to kickstart the process of returning funds to its investors. BlockFi’s decision marks a pivotal moment in its bankruptcy proceedings, following months of negotiations with creditors and regulatory bodies. The firm, once […]

Cryptocurrency Prices Plummet on WazirX Exchange

Cryptocurrency investors faced a tumultuous day as prices plummeted across major digital assets on the WazirX exchange. Bitcoin, the leading cryptocurrency by market capitalization, alongside stablecoin USDT, recorded significant discounts compared to global averages. This sharp decline sparked concerns among traders and analysts alike, reflecting broader market volatility. Bitcoin, known for its price stability relative to other cryptocurrencies, saw a marked drop of over 10% on WazirX, […]

UAE’s Debt Capital Market Projected to Surpass $300 Billion by 2025: Fitch

Arabian Post Staff -Dubai The United Arab Emirates (UAE) is poised to witness substantial growth in its debt capital market, with projections indicating a potential surge beyond $300 billion by 2025, according to a recent report by Fitch Ratings. The forecast reflects a robust expansion trajectory for the UAE’s financial sector, underpinned by strategic initiatives aimed at bolstering economic resilience and diversification. Fitch’s assessment underscores the country’s […]

Emirates NBD Sees 14.5% Profit Surge in Q2

Emirates NBD, Dubai’s largest bank by assets, has announced a 14.5% increase in net profit for the second quarter of 2024, driven by robust loan growth and improved performance of its subsidiaries. The bank’s net profit rose to AED 3.6 billion ($980 million), compared to AED 3.15 billion in the same period last year. Several factors contributed to this growth, including a surge in net interest income […]

Saudi Arabia Initiates National Minerals Program

The Saudi Cabinet has given the green light to establish a comprehensive national minerals program, marking a significant step forward in the Kingdom’s efforts to diversify its economy and reduce reliance on oil revenue. This initiative is part of a broader strategy to boost the mining sector and harness the Kingdom’s untapped mineral resources. The newly approved program aims to develop the country’s mineral wealth, which includes […]

IMF Lowers Saudi GDP Growth Forecast Amid Oil Production Cuts

The International Monetary Fund (IMF) has adjusted its economic projections for Saudi Arabia, revising down the expected GDP growth due to significant cuts in oil production. The revision comes as global oil markets continue to face volatility amidst geopolitical tensions and shifting demand dynamics. Saudi Arabia, the world’s largest oil exporter, has been implementing production cuts as part of coordinated efforts by OPEC+ to stabilize oil prices […]

Fed and Trump shooting boost gold – what you need to consider

Gold prices surged this week to a record high of $2,465 per troy ounce amid prospects of Federal Reserve interest rate cuts and the potential return of Donald Trump to the US presidency. Savvy investors around the world are clearly feeling it’s time to bolster their exposure to gold. Should you be doing the same? The Power of policy shifts The Federal Reserve’s anticipated interest rate cuts […]

Saudi PIF Seals Three Deals to Enhance Renewable Energy Manufacturing

Saudi Arabia’s Public Investment Fund (PIF) has entered into three major agreements aimed at bolstering the Kingdom’s renewable energy component manufacturing sector. These strategic deals are a significant step towards Saudi Arabia’s Vision 2030, which seeks to diversify the economy and reduce its reliance on oil. The first agreement involves the establishment of a large-scale solar panel manufacturing facility. This initiative is set to significantly increase the […]

VinFast announces irresistible price for VF e34 and VF 5 electric SUVs at GIIAS 2024 exhibition

TANGERANG, INDONESIA – Media OutReach Newswire – 17 July 2024 – In pursuit of its goal to make electric vehicles more accessible in Indonesia, VinFast Auto is offering special promotions for customers who purchase the VF 5 and VF e34 models at the Gaikindo Indonesia International Auto Show (GIIAS) 2024, from July 18 to July 28, 2024. VinFast Indonesia’s Special Promotion Program at GIIAS 2024 Under the […]

Tanzania Moves to Boost Local Currency With Mandate for Tourist Payments in Shillings

Tanzania has implemented a new directive aimed at bolstering its local currency, the Tanzanian Shilling (TZS), by requiring tourists to conduct transactions using the national currency. The move, announced recently by Tanzanian authorities, seeks to reduce reliance on foreign currencies in the tourism sector, which is a significant contributor to the country’s economy. Tourism plays a pivotal role in Tanzania’s economic landscape, attracting millions of visitors annually […]

UAE and Ethiopia Bolster Economic Ties with New Currency Swap Deal

The Central Bank of the UAE and the National Bank of Ethiopia have signed a landmark currency swap agreement and two memoranda of understanding (MoUs), aimed at strengthening financial cooperation and boosting economic ties between the two countries. The agreement will facilitate trade and investment by allowing businesses to conduct transactions in their local currencies, reducing reliance on the US dollar and mitigating exchange rate risks. This […]

Saudi Equities ETFs Debut in China

China has officially launched its first exchange-traded funds (ETFs) focusing on Saudi equities, marking a significant milestone in the deepening financial ties between the two nations. The ETFs, named the Huatai-Pinebridge CSOP Saudi Arabia ETF QDII and the China Southern CSOP Saudi Arabia ETF QDII, are managed by Huatai-Pinebridge Fund Management and China Southern Asset Management. These funds will mirror the CSOP Saudi Arabia ETF, which was […]

Ripple XRP Case Update: Former SEC Lawyer Evaluates Settlement Prospects as XRP Approaches Bullish Cross

Amid ongoing legal developments, Ripple’s XRP case has seen notable insights from Marc Fagel, a former SEC lawyer. Fagel, now an influential voice in securities law, has weighed in on the potential outcomes of the ongoing remedies phase. This phase marks a critical juncture in the case, where discussions around settlement terms could significantly impact Ripple and the broader cryptocurrency market. The case, centered on whether XRP […]

Sheikh Hasina Is Not Happy At The Outcome Of Her Talks In Beijing

By Arun Kumar Shrivastav Bangladesh’s Prime Minister Sheikh Hasina’s recent visit to China has sparked discussions about potential implications for regional dynamics, particularly in relation to India. Sheikh Hasina, who has visited India twice this year, had not travelled to China in five years prior to this recent trip from July 8 to 10. The […]

PSB Academy celebrates 60th Birthday with interactive installations to showcase upskilling opportunities for Singaporeans

SINGAPORE – Media OutReach Newswire – 16 July 2024 – In celebration of its 60th anniversary, PSB Academy (PSBA), one of Singapore’s leading private education institutions, is hosting a series of interactive installations to showcase the various upskilling and reskilling opportunities for Singaporeans across all walks of life in a fun and informative way. Themed ‘Skill Up, Stand Out with PSB Academy’, visitors will get a first […]

PM Narendra Modi’s Claim On Employment Generation Is A Big Lie

By Dr. Gyan Pathak Prime Minister Narendra Modi’s claims made on Saturday, July 13 in Mumbai that around 8 crore new jobs have been created in the country in the last 3-4 years, that these figures have silenced those who spread false narrative about rising unemployment, and that the narrators of rising unemployment opposed investment, […]

Dubai Secondary Market Home Sales Decline in Q2, Analysts Report

Dubai’s secondary market for residential properties experienced a notable downturn during the second quarter of this year, according to industry experts. The decline in home sales reflects broader economic challenges facing the emirate amidst global uncertainties. Analysts point to several factors contributing to this downturn. Economic volatility, both globally and regionally, has dampened investor confidence, impacting the demand for properties in Dubai’s secondary market. Additionally, changes in […]

VinFast breaks ground on new EV assembly plant in Indonesia

SUBANG, INDONESIA – Media OutReach Newswire – 15 July 2024 – VinFast Auto has officially broken ground on its new electric vehicle assembly plant in Subang, West Java, Indonesia. This strategic move into one of Southeast Asia’s most promising EV markets is set to create numerous job opportunities for the local workforce, underscoring VinFast’s commitment to expanding its presence in the region and supporting Indonesia’s burgeoning electric […]

Debt Woes Push France Towards Fiscal Reform: EU Economy Commissioner

France faces mounting economic pressure as EU Economy Commissioner Paolo Gentiloni urges a significant fiscal overhaul to tackle its escalating debt burden. With public debt soaring to unprecedented levels amidst persistent economic challenges, Gentiloni’s call for a “fiscal adjustment” underscores the critical need for structural reforms in one of the Eurozone’s largest economies. The commissioner’s remarks come amidst a backdrop of economic uncertainty exacerbated by the COVID-19 […]

Crypto Stocks Surge as Investors Eye Trump’s Influence

Investors in the cryptocurrency market are closely monitoring the recent surge in crypto-related stocks, spurred by renewed interest and strategic moves in the industry. Market experts point to a significant uptick in trading activity, driven by growing investor confidence and anticipation of potential policy shifts under the spotlight of former President Donald Trump. Amidst a backdrop of global economic uncertainty, cryptocurrency investments have emerged as a focal […]

Bitcoin Price Surges Above $62K Amid Revived ‘Trump Trades’

Bitcoin reclaimed the $, mark today, marking a robust resurgence fueled by renewed investor interest in high-risk assets termed as ‘Trump Trades’. This uptick follows a volatile weekend in global markets, spurred by geopolitical tensions and economic uncertainties. Over the past hours, Bitcoin surged by over 5%, reaching a peak of $, in early trading. The cryptocurrency’s rally coincided with a broader market shift towards riskier investments, […]

Spain National Fan Token Slides 20% After UEFA Euro 2024 Win

Spain’s national fan token experienced a significant decline, dropping by 20% in value following their victory in the UEFA Euro 2024 tournament. The sharp downturn came as a surprise to investors and enthusiasts alike, who had anticipated a surge in token value post-win. Market analysts attributed the drop to a combination of factors, including profit-taking by early investors and market volatility exacerbated by global economic uncertainties. The […]