Arabian Post Special Dubai, a city known for its glitz and luxury, is facing a potential rent squeeze for its residents. The revision of the Real Estate Regulatory Authority’s (RERA) rent calculator, a tool used to determine permissible rent increases, is raising concerns about a significant rise in housing costs. This comes at a time when the cost of living in Dubai has already been steadily climbing, […]
Launch of joint research on MSME resilience in Southeast Asia, and a focus on Malaysia and Thailand, detailing key risks and alternative approaches to insurance Presentation of the SME Loss Prevention Framework, a digital tool for Malaysian SMEs to better understand and manage growing climate and weather-related risks Showcasing Insurance Innovation Challenge Fund Malaysia solutions for protecting SMEs in the country Generali also expands its flagship SME […]
Dubai has implemented a new tax regime for foreign banks operating within its borders. The law, issued by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, applies a 20% tax on the annual taxable income of foreign banks. This move signifies a shift in Dubai’s economic strategy, potentially impacting the emirate’s position as a financial hub. The new legislation specifically targets foreign banks operating outside […]
Larry Fink, CEO of BlackRock, the world’s largest asset manager, has caused a stir in the financial world by publicly endorsing Bitcoin. In a recent interview, Fink referred to the cryptocurrency as “digital gold,” highlighting its potential as a long-term store of value. This shift in stance from a previously skeptical BlackRock reflects a growing institutional interest in the digital asset class. Fink’s comments come amidst concerns […]
In a decision with potentially significant ramifications for the cryptocurrency industry, a court has authorized investors to proceed with a class-action lawsuit against Binance, the world’s largest cryptocurrency exchange. The lawsuit, filed in 2021, accuses Binance of misleading investors about its regulatory compliance and security measures. The plaintiffs allege that Binance misrepresented itself as a fully licensed exchange operating within legal frameworks. They claim this enticed them […]
Deepen exchange and showcase innovation and team spirit HONG KONG SAR – Media OutReach Newswire – 9 March 2024 – The Guangdong-Hong Kong-Macao Greater Bay Area Tertiary Institution Innovation Project Invitational Competition (the Competition) organised by The Hong Kong Institution of Engineers (the HKIE) successfully concluded today. The Competition invited engineering students from higher education institutions in Hong Kong and Mainland to form teams. Using self-designed and […]
The Federal Bureau of Investigation (FBI) has revealed a significant rise in cryptocurrency investment fraud in 2023. According to their report, victims lost a staggering $3.94 billion to such scams, representing a 53% increase compared to the previous year. This surge comes amidst a broader decline in the cryptocurrency market, highlighting the evolving tactics of cybercriminals who continue to exploit investor interest in digital assets. While the […]
PHNOM PENH, CAMBODIA – Media OutReach Newswire – 7 March 2024 – In an effort to support Cambodia’s educational development, Prince Foundation, the philanthropic arm of Prince Holding Group, recently conducted the final interviews for its Chen Zhi Scholarship program. Prince Foundation, the philanthropic arm of Prince Holding Group, recently conducted the final interviews for its Chen Zhi Scholarship program. This initiative, named after Chen Zhi, Chairman […]
Nigeria’s Securities and Exchange Commission (SEC) has announced an update to its guidelines for cryptocurrency service providers, aiming to curb criminal activity within the country’s digital asset market. This move follows a recent government action blocking access to several prominent cryptocurrency platforms, including Binance, Coinbase, and Kraken. The updated SEC guidance focuses on preventing “criminals” from registering as operators within the capital market, according to a report […]
The new Essential critical secure plan features coverage for mental health conditions and first-in-market monthly cash payouts upon diagnosis of severe critical illness SINGAPORE – Media OutReach Newswire – 7 March 2024 – Etiqa Insurance Singapore, a leading life and general insurer, today announced the launch of Essential critical secure, a new Critical Illness (CI) plan, that offers affordable and comprehensive protection against 111 CI and mental […]
BloFin, a rising cryptocurrency derivatives exchange, announced today that it has secured regulatory approval from the Platinu Authority, a well-respected financial oversight body known for its stringent standards. This development marks a significant milestone for BloFin, potentially positioning it as a major player in the burgeoning crypto derivatives market. The Platinu Authority’s approval signifies BloFin’s adherence to rigorous regulatory requirements, including robust security protocols, transparent trading practices, […]
Amid increasing ransomware threats, new capabilities expand NetApp leadership in providing the quickest response and recovery to cyber disasters SINGAPORE – Media OutReach Newswire – 6 March 2024 – NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced cyber-resiliency capabilities that will equip customers to better protect and recover their data in the face of ransomware threats. NetApp is one of the first to integrate artificial […]
Immersive exhibition invites visitors to discover the country’s past, present and future NUSSLI, LAVA, and insglück collaborate for ambitious project TOKYO, JAPAN – Newsaktuell – 5 March 2024 – The architecture and exhibition of the Kuwait Pavilion at the upcoming World Expo 2025 in Osaka, Japan were unveiled to the public today at a ceremony in Tokyo, Japan. Attended by distinguished guests from politics, business, media and […]
Many cryptos are themselves valuable assets, bringing their owners additional income by simply growing in price over time. However, an even more effective way to build wealth is by putting crypto into practice, and that’s not trading we are talking about. The crypto expansion is significantly driven by the increased inflation experienced by fiat currencies, resulting in low interest rates globally. Countries with healthy economies target a […]
BEIJING, CHINA – Media OutReach Newswire – 5 March 2024 – Victor AI, Founder and CEO of Terminus Group, was invited to attend and deliver a speech entitled “AI CITY: The Next Habitat on Earth” at Web Summit, the world’s technological Olympia, in Doha, Qatar. Victor AI, the Founder and CEO of Terminus Group, delivers speech at Web Summit Qatar Victor AI shared his thoughts with global […]
By Tajul Islam With a population of around 165 million, Bangladesh, situated in southern Asia, traditionally depended heavily on agriculture for its economic sustenance. However, a promising shift has been observed as the Ready-made Garment (RMG) sector emerges as the country’s primary foreign currency earner. Employing approximately 4.2 million individuals, this sector significantly bolsters the GDP. Fueled by a dynamic, urbanizing workforce, predominantly constituted of women, Bangladesh’s […]
SINGAPORE – Media OutReach Newswire – 5 March 2024 – Prudential Singapore (“Prudential”) and its financial advisory arm, Prudential Financial Advisers Singapore (“PFA”), plan to hire 800 financial representatives (“FRs”) through its Management Associate Programme (“MAP”) this year. This will boost its agency size to over 5,500 and help meet consumers’ growing demand for protection, medical and wealth services. Financial representatives in Prudential’s 2024 Management Associate Programme […]
Arabian Post Staff The decision by OPEC+ to extend production cuts into the second quarter of 2024 has ignited a debate about its effectiveness in manipulating the market. While the intended consequence is to prop up oil prices, the reality is often more nuanced, raising questions about the organization’s long-term control over the oil market. Historically, OPEC’s production cuts have indeed influenced oil prices. In the past, […]
Lifebuoy’s ‘Highlympics’ features Shanti Pereira, Tyen Rasif and Mongchin Yeoh, empowering Singaporeans to better protect their health SINGAPORE – Media OutReach Newswire – 5 March 2024 – Lifebuoy, the world’s number one leading hygiene soap brand, today announced the ‘Highlympics’, a challenge and initiative focusing on preventive health. In collaboration with Doctor Anywhere (DA), the ‘Highlympics’ campaign offers fully subsidised health screenings. This initiative comes at a […]
SHENZHEN, CHINA – Media OutReach Newswire – 4 March 2024 – The much-anticipated OnePlus Watch 2, the latest iteration of the OnePlus smartwatch series, is now officially on sale in India, Europe, and North America. Launched at the Mobile World Congress (MWC) on February 26, the OnePlus Watch 2 quickly garnered global attention with its pre-orders opening the same day, leading to unprecedented sales achievements worldwide. Not […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 4 March 2024 – Human papillomavirus (HPV) is the primary cause of cervical cancer. Despite being a preventable disease, cervical cancer ranks as the 4th most frequent cancer among women and the second most frequent cancer among women aged 15 to 44 in Malaysia[i]. In conjunction with the International HPV Awareness Day 2024 campaign led by the International Papillomavirus […]
By Naji Haddad In the world of food and beverage, succeeding in long-term means managing many key foundational pillars. From operational efficiency and logistics to the intricacies of marketing and digital transformation, restaurateurs must consider and balance more and more important investments as they continue to grow. Whether you’re running a brand with multiple locations to just a few, at the end of the day it’s all […]
The United Arab Emirates’ (UAE) property market is defying the global economic slowdown, with Dubai and Abu Dhabi projected to see continued growth in 2024. This positive outlook comes amidst a backdrop of strong economic fundamentals, government initiatives, and rising investor confidence. Experts at a recent JLL event in Dubai, titled “Navigating the Growth Spectrum: Exploring Strategies for Sustained Success,” expressed strong optimism for the UAE’s real […]
Winner of “Our Future Engineers” Quiz Competition Announced HONG KONG SAR – Media OutReach Newswire – 3 March 2024 – The Hong Kong Institution of Engineers (HKIE) is hosting the Hong Kong Engineers Week Carnival (the Carnival) with the theme “Be the Change” at Harbourside Lawn, West Kowloon Cultural District, from today until 3 March (Sunday). The Carnival features a series of exciting activities and over 40 […]
