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Emirates Steel Arkan (ESA), a major steel and building materials producer in the United Arab Emirates, has signed a significant agreement with Bahrain Steel Company (BSC) to secure a steady supply of iron ore for the next five years. The contract, valued at approximately $2 billion, was finalized during a recent meeting of the Industrial Partnership for Sustainable Economic Growth initiative held in Bahrain. This strategic partnership […]

The experts at Octa provide an overview of the most fundamental trading styles suitable for both new and experienced traders. KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 March 2024 – A trading system, also called a trading strategy, is a set of rules on how to manage trading orders and apply risk mitigation techniques in order to achieve positive financial outcomes. All strategies fall under […]

Kaplan City Campus at Odeon 331 equipped with state-of-the-art technology and innovative features SINGAPORE – Media OutReach Newswire – 14 March 2024 – On 22 February, Kaplan Singapore [1] (Kaplan) launched its new Kaplan City Campus at Odeon 331 [2]. The Campus has been designed to create a collaborative and interactive learning and teaching environment for students, with state-of-the-art technology, innovative features and a modern look. The […]

The Middle East and North Africa (MENA) region is experiencing a surge in mobile gaming, transforming it into a potential global leader in the industry. With a booming youth population, rising disposable incomes, and increased internet penetration, the MENA market is poised for explosive growth in the coming years. This past year marked a significant turning point. According to market research firm Newzoo, consumer spending on games […]

Erik Thedeen, governor of Sweden’s central bank, the Riksbank, has made his concerns about Bitcoin clear, calling for its limited involvement in the country’s financial system. Thedeen expressed his reservations during a parliamentary hearing on monetary policy, citing the cryptocurrency’s volatile nature and potential to expose consumers to financial risks. “I want as little Bitcoin as possible in the Swedish financial system,” Thedeen told reporters after the […]

K Raveendran The Dubai International Financial Centre’s (DIFC) enactment of the world’s first comprehensive digital assets law this week marks a milestone, not just for the world of cryptocurrency and blockchain technology, but also for Dubai’s ambitions within the knowledge economy. This bold move positions Dubai as a frontrunner in regulating and facilitating the growth of this nascent asset class, potentially solidifying its position as a global […]

Saudi Arabia is poised for a metamorphosis. Long known for its oil reserves and conservative traditions, the kingdom is now setting its sights on a future gleaming with innovation and futuristic megacities. This ambitious vision, spearheaded by Crown Prince Mohammed bin Salman’s “Vision 2030” plan, aims to diversify the economy, attract foreign investment, and position the country as a regional leader in technology and sustainability. The centerpiece […]

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HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 13 March 2024 – The HCM City Development Joint Stock Commercial Bank (HDBank) has hiked its loan limits and promoted lending for rice production and export value chains to enable Vietnamese rice to reach the world. At the eighth congress of the Vietnam Farmers Union held in December 2023, HDBank launched its HDBank Rural Services, a specialised […]

The United Arab Emirates (UAE) has taken a significant step towards strengthening its financial sector by establishing the region’s first dedicated dispute resolution institution for banking and insurance matters. This innovative initiative aims to provide a faster, more efficient, and cost-effective mechanism for resolving financial disagreements between consumers and institutions. Prior to this development, resolving such disputes often involved lengthy court proceedings, which could be expensive and […]

BANGKOK, THAILAND – Media OutReach Newswire – 13 March 2024 – Dr. Kongkrapan Intarajang, CEO and President of PTT Global Chemical Public Company Limited or GC, revealed that GC has been ranked in the global sustainable company with a Top 1% S&P Global ESG Score, securing the No. 1 with the highest score among over 355 companies in the global chemicals sector. This reinforces the company’s reputation […]

Jamie Dimon, CEO of financial giant JPMorgan Chase, reignited the debate on Bitcoin’s legitimacy during a recent interview. While acknowledging the right to invest in the cryptocurrency, Dimon expressed skepticism about its underlying value and potential benefits. “I don’t know what the bitcoin itself is for,” Dimon remarked, drawing a comparison to cigarettes. “I’ll defend your right to buy a bitcoin, just like I’d defend your right […]

NTT Innovation Alliance Program creates a collaborative platform in Hong Kong, leveraging the company’s expertise and docomo business’ success in Hong Kong and Japan to co-create within a diverse tech ecosystem that encompasses enterprises, partners, universities and startups to commercialize future-ready solutions from Proof-of-Concept to the Go-to-Market stage. Partners in the program thus far include leading innovation hubs Cyberport and HKSTP, research center LSCM, academic research partners […]

The 30th edition of the Dubai International Boat Show (DIBS) which concluded on March 3rd, 2024, further solidified the emirate’s position as the Middle East, Africa, and Asia’s premier marine event. This year’s show offered a glimpse into the future of the yachting industry, showcasing groundbreaking innovations, super-luxe vessels, and a record-breaking number of deals. A Celebration of Opulence The co-located ‘Marine Luxury Lifestyle’ exhibition served as […]

Global fund managers are pouring more money into China, signaling a growing sense of optimism in the world’s second-largest economy. This surge in investment comes amid a backdrop of China’s industrial advancements and supportive government policies aimed at attracting foreign capital. Hu Qimu, a deputy secretary-general at the digital-real economies integration Forum 50, attributes the investor enthusiasm to China’s ongoing industrial upgrade and its commitment to economic […]

In a significant development aimed at mitigating the potential pitfalls of artificial intelligence (AI), the United States, China, and the European Union announced a collaborative effort to establish a framework for global AI governance. This initiative comes amidst growing tech tensions between these economic powerhouses, highlighting a shared recognition of the need for international cooperation in navigating the complexities of advanced AI. The primary focus of this […]

Ransomware detections fall 14% as alternative attack strategies evolve HONG KONG SAR – Media OutReach Newswire – 12 March 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704) a global cybersecurity leader, today revealed a 10% annual increase in total threats blocked in 2023 and warned that attackers are using more advanced methods to target fewer victims with the potential for higher financial gains. To read a […]

K Raveendran The UAE and Saudi Arabia, the Middle East’s two powerhouses, are engaged in a no-holds barred competition to claim the coveted title of the region’s business and financial capital. Until some time back, the UAE had virtual monopoly in this regard, with Dubai remaining unchallenged as a magnet for foreign investments. But things have changed of late as Saudi Arabia has embarked on a new […]

James M Dorsey \Failed efforts to achieve a Gaza ceasefire on the eve of Ramadan leave innocent Gazans in the lurch, highlight the gap between Israel and Hamas’ demands in negotiations, and raise the stakes for the United States. At the core of the stalled negotiations is Prime Minister Binyamin Netanyahu’s insistence on continuing Israel’s assault after a ceasefire and an exchange of some Hamas-held hostages kidnapped […]

Dogecoin, the meme-inspired cryptocurrency, could be on the verge of a significant price jump, according to predictions from prominent crypto traders. This news comes amidst ongoing debate about whether Dogecoin’s value is driven more by social media buzz than underlying utility. Ali Martinez, a crypto analyst with a sizeable online following, has fueled the speculation by pointing to historical price movements within the cryptocurrency market. Martinez’s technical […]

Bloomberg analysts have significantly dampened their optimism regarding the approval of a spot Ethereum Exchange-Traded Fund (ETF) by May 2024. According to reports, their forecasts have plummeted from a previous range of 60-70% to a mere 30%, reflecting a shift in sentiment towards the regulatory landscape. This news comes amidst a period of heightened anticipation surrounding Ethereum ETFs. Multiple applications from prominent financial institutions, including VanEck, Ark […]

Starting from 8 March to 15 May 2024, MTR passengers who tap to ride with Visa will have the chance to win tickets to the “Katch the POP” concert on 8 June 2024, featuring top Cantopop boybands and acclaimed female K-pop star. The concert ticket lucky draw campaign is an extended celebration of the launch of the first contactless bank card payment for MTR rides as provided […]

MicroStrategy, the prominent business intelligence company, has significantly bolstered its Bitcoin reserves by acquiring an additional 12,000 Bitcoins. This latest purchase, disclosed on March 10, 2024, cost the company roughly $821.7 million in cash, further solidifying its position as one of the world’s leading corporate holders of Bitcoin. The news comes amidst a period of relative stability for Bitcoin, with the world’s most popular cryptocurrency hovering around […]

Arabian Post Special The news of Saudi Aramco and Abu Dhabi National Oil Company (Adnoc) exploring investments in the US liquefied natural gas (LNG) sector signifies a potential power shift with significant ramifications for established players in the business and future market dynamics. This foray into US LNG comes at a time when American banks are increasingly hesitant to finance domestic LNG producers due to environmental concerns. […]

BANGKOK, THAILAND – Media OutReach Newswire – 11 March 2024 – The Office of the National Anti-Corruption Commission (NACC), Thailand encourages both locals and foreigners to participate in tackling the corruption problem, ensuring that there is a specified law to protect witnesses and whistleblowers to help officials detect corruption cases. The Constitution of the Kingdom of Thailand Section 63 B.E.2560 (2017) places importance on the prevention and […]

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