News related to
Mid Term

Kingdom Warns of Dire Consequences as Tensions Rise in the Middle East

Saudi Arabia issued a strong statement on Sunday, expressing its grave worry over the recent surge in military activity within the Middle East. The statement, delivered by the Kingdom’s Ministry of Foreign Affairs, implored all parties involved to exercise utmost restraint and prioritize diplomatic solutions to prevent a wider conflict. The Ministry highlighted the potentially disastrous ramifications of escalating tensions, emphasizing the severe repercussions such actions could […]

Survey: Hong Kong Construction Association’s ESG Recognition Scheme Shows Wide Adoption of ESG Actions by Frontline Construction Practitioners, Nearly 70% Participation

HONG KONG SAR – Media OutReach Newswire – 10 April 2024 – Hong Kong Construction Association (HKCA) launched the “ESG Recognition Scheme” in December 2022 with a funding of HK$10 million, which includes the establishment of an industry-wide ESG database and the provision of rewards for practitioners who establish an ESG work mode through the “ESG BUILD FUN” mobile app. So far, 106 sites have joined the […]

Tragic Mishap: Cable Car Incident in Antalya Claims One Life, Injures Ten

A cable car accident in southern Türkiye’s Antalya province marred a scenic journey on Friday, leaving one person dead and ten others injured. The incident, which unfolded around 5:23 pm local time, involved a collision between a cable car cabin and a broken pole. The impact caused the cabin to rupture, with devastating consequences for one passenger. The deceased has been identified as a 54-year-old Turkish citizen. […]

Super election year increases risks of political violence, warns Allianz

SINGAPORE – Media OutReach Newswire – 11 April 2024 – With an unprecedented ‘super-cycle’ of elections in 2024, almost half the world’s populations will go to the polls before the year is out. According to a new report from Allianz Commercial, security is a concern in many territories, not only from the threat of localized unrest but because of the wider-reaching consequences of electoral outcomes on foreign […]

Air India flights avoid Iranian airspace amid rising tensions

Air India flights will be avoiding Iranian airspace amid soaring Middle East tensions as warnings grew of retaliation for Israeli strike on Iran’s embassy, sources said today. A London-bound Air India flight took longer route to avoid Iranian airspace this morning, tracking website Flightradar24 showed. The flights may now take two hours more to reach the […]

The post Air India flights avoid Iranian airspace amid rising tensions first appeared on Latest India news, analysis and reports on IPA Newspack.

Sanad Soars with $145 Million MRO Contract Extension from Asiana Airlines

Abu Dhabi’s Sanad, a leader in aerospace engineering and leasing solutions, has secured a significant boost to its business with a five-year contract extension valued at $145 million (AED532 million) with South Korea’s Asiana Airlines. This renewed partnership strengthens Sanad’s position as a major player in the global Maintenance, Repair, and Overhaul (MRO) industry. The agreement focuses on the upkeep of the V2500 engines, a workhorse of […]

Data center demand continues as land, power constraints drive push into new markets

HONG KONG SAR – Media OutReach Newswire – 12 April 2024 – Cushman & Wakefield has released its annual Global Data Center Market Comparison report, with Japanese markets outranking other Asia Pacific counterparts in both the Established and Emerging market categories. In the Established markets category, Tokyo ranked third globally behind Virginia and Atlanta, with Mumbai placing seventh and Sydney ninth. Osaka ranked fourth in the Emerging […]

South Korea Ramps Up Scrutiny of Crypto Listings

South Korea, a nation long known for its enthusiastic embrace of cryptocurrency, is poised to implement stricter listing guidelines for digital assets. The new regulations prioritize security and transparency for token issuers, with a particular focus on projects that have been compromised by hacks or those originating from foreign entities. This move comes amidst growing concerns from South Korean regulators regarding potential risks associated with the cryptocurrency […]

Results of the ixCrypto Index and ixCrypto Portfolio Indexes Quarterly Review (2024 Q1)

HONG KONG SAR – Media OutReach Newswire – 12 April 2024 – Today, IX Asia Indexes announced the 2024 1st quarter review of ixCrypto Index (“IXCI”), ixCrypto Portfolio Indexes and ixCrypto Stablecoin Index (IXSCI). The constituent changes will be effective on 19th April, 2024 (Friday). The results of the constituent review and exchange review are as follows: 1. Constituent Review – ixCrypto Index Series 1.1 ixCrypto Index […]

XTransfer Celebrating One-Year Anniversary in Hong Kong

Establishing a Strong Presence and Participating in Hong Kong “Global Sources Consumer Electronics Show HONG KONG SAR – Media OutReach Newswire – 11 April 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, celebrates its one-year anniversary in the Hong Kong market while joining the “Global Sources Consumer Electronics Show” held at the AsiaWorld-Expo. The event gathers over 2,000 top Asian manufacturers […]

Asian currencies supported – what does currency volatility mean for you?

Asian currencies are back in the spotlight, particularly the Japanese yen and the Chinese yuan, which is bringing currency volatility to the forefront of global investors’ minds. On Thursday, the yen slipped to its lowest level since 1990 — ¥153 against the dollar. Meanwhile, China has been ramping up support for the yuan with a record fixing. Amid Tokyo’s now familiar verbal warnings about excessive declines this week, and […]

Gold Surges Toward Unprecedented Heights

Investor confidence is propelling gold prices to new highs, with analysts predicting the precious metal could shatter records in the coming months. Gold surged to a record-breaking $2,350 per ounce on Tuesday, marking its seventh consecutive day of reaching new peaks. This year alone, gold has skyrocketed 13%, significantly outperforming the stock market. Several factors are contributing to gold’s bullish run. Geopolitical tensions, particularly the ongoing conflict, […]

Hong Kong Government’s Removal of All Property Cooling Measures Supported Residential Sales Rebound and Price Recovery in March

Office leasing sentiment improved, high street vacancies stabilized HONG KONG SAR – Media OutReach Newswire – 10 April 2024 – Global real estate services firm Cushman & Wakefield today held its Hong Kong Property Markets Q1 2024 Review and Outlook press conference. Following the Government’s announcement in the latest Budget that it would lift all demand-side management measures for residential properties, the market responded positively, with primary […]

Greater Middle East is a ticking time bomb

James M Dorsey The Greater Middle East is a ticking time bomb. Generations in war-wracked Palestine, Syria, and Yemen have little, if anything, to look forward to. Moreover, discontent is mounting and could explode anytime in countries like Jordan, Egypt, and Iran. Palestine is a pressure cooker. Gazan youth has known little else than two decades of wars and siege. Beyond the trauma of the latest six-month-old war, Gaza’s next […]

Cogent Realty Advisors Announces NYC Office Leasing Rates Dip to $51.61 PSF in Their Q1 Office Market and Trend Report

The Q1 2024 Manhattan Office Market Report offers critical insights for businesses navigating commercial leasing. Highlighting key trends, such as decreasing rental costs and increasing vacancies, it equips tenants with essential data to secure optimal leases amidst a competitive and evolving New York City landscape. New York, NY, United States – April 10, 2024 — Cogent Realty Advisors, a preeminent no-fee NYC real estate brokerage firm, has […]

Unlock Opportunities in the Nifty Index with Phillip Nova

SINGAPORE – Media OutReach Newswire – 9 April 2024 – 2024 is without doubt is a year for Asia’s boom and India’s resilience against atrocities of the COVID-19 pandemic, the ongoing geopolitical tensions, and elevated interest rates. The latter of which has been catching a lot of attention recently from a foreign direct investment perspective. Many analysts speculate that India might be entering a decade-long era of […]

PolyU harnesses GeoAI technologies to enable sustainable urban development

HONG KONG SAR – Media OutReach Newswire – 9 April 2024 – Geospatial artificial intelligence (GeoAI) is an interdisciplinary field that combines geospatial science and artificial intelligence (AI). The Hong Kong Polytechnic University (PolyU) is harnessing innovative GeoAI technologies to provide ground-breaking solutions for some of the environmental and social challenges facing the world today, in various fields including transportation, urban and public safely, planning, climate change […]

DHL Express unveils its HK$1.5 billion fully automated, eco-friendly-service center in Hong Kong

The service center sees over 90 percent increase in facility space and is equipped with a fully automated sorting system to support the growing demands of air trade and international express delivery Highlighting eco-friendly and innovative features, the new center stands as DHL Express Hong Kong’s first LEED Gold certified service center. HONG KONG SAR – Media OutReach Newswire – 9 April 2024 – DHL Express, the […]

Toncoin Vaults into Top 10 Cryptocurrencies

In a significant move for the blockchain project, Toncoin (TON) has surged into the top 10 cryptocurrencies by market capitalization, according to CoinMarketCap data. At the time of writing, TON sits at around $6.80, solidifying its position among the leading digital assets. This recent climb marks a notable achievement for Toncoin, which has steadily gained traction in the cryptocurrency market since its launch in 2018. Toncoin operates […]

“Hong Kong Engineers Week 2024” concluded in success

Diverse and vibrant activities showcased the value of engineering profession Nurturing the young generation to inherit the responsibility of urban development HONG KONG SAR – Media OutReach Newswire – 9 April 2024 – “Hong Kong Engineers Week 2024”, organised by The Hong Kong Institution of Engineers (HKIE), concluded with a diverse array of captivating and inspiring activities and competitions. It brought unforgettable moments for citizens and the […]

Oil Prices Dip on De-escalation in the Middle East

Oil prices experienced a significant decline on Monday, dropping by more than 1% as tensions in the Middle East showed signs of abating. This welcome development comes after a period of heightened instability in the region, which had previously driven oil prices upwards. The primary catalyst for the price drop appears to be Israel’s recent withdrawal of troops from southern Gaza. This move, coupled with their commitment […]

MoneyHero Group Provides Guidance for Over $100 Million in Annual Revenue and Profitability in 2024; Elevates Shravan Thakur to Chief Commercial Officer to Support Growth and Expand Leadership Team

Former Group Head of Commercial and distinguished global executive (American Express, PricewaterhouseCoopers, etc.) to oversee and optimize all commercial aspects of MoneyHero’s operations across Greater Southeast Asia Unaudited fiscal year 2023 enterprise-wide revenue growth of more than 20% year-over-year and Q4 2023 revenue growth of more than 60% year-over-year HONG KONG SAR – Media OutReach Newswire – 8 April 2024 – MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or […]

Five out of Hang Lung’s Ten Mainland Operating Properties are Powered by Renewable Energy

Green power purchase agreements cover properties in Shanghai, Wuxi, Kunming and Jinan HONG KONG SAR and SHANGHAI, CHINA – Media OutReach Newswire – 8 April 2024 – Hang Lung Properties (SEHK stock code: 00101) (“the “Company” or “Hang Lung”) announced that half of its operating properties in Mainland have been powered by renewable energy through power purchase agreements since April 1, 2024, solidifying its market leadership in […]

Ras Al Khaimah Beckons Chinese Investors with Lucrative Business Landscape

The Ras Al Khaimah Economic Zone (RAKEZ) recently embarked on a promotional tour across five major cities in China, aiming to lure Chinese investors with the emirate’s plethora of business opportunities. RAKEZ representatives engaged with a significant number of potential investors, showcasing Ras Al Khaimah’s robust infrastructure, strategic location, and investor-friendly policies. This targeted outreach aligns with the flourishing trade ties between China and the United Arab […]