Staying Resilient Amid Economic Uncertainty 1H 2020 Group Profitability Improved Year-on-Year Highlights First Half of 2020 Group revenue of US$991.6 million improved by 5.9% over the same period last year and decreased by 10.5% compared to the second half of last year Group net profit of HK$390.8 million increased 119.2% as compared with the first six-month period of last year; and decreased 12.0% compared to the […]
The Netherlands plans to share innovations in the water, energy and food sectors at Expo 2020 Dubai Sustainability developments in recent years have increasingly focused on water, energy and food. The UN’s Food and Agriculture Organisation has noted how water, energy and food security are heavily interdependent – a concept described as the water-energy-food (WEF) nexus. Gulf countries face complex challenges when it comes to meeting the growing […]
DUBAI, UAE – EQS Newswire – 27 July 2020 – Mashreq, one of the leading financial institutions in the UAE, has recently appointed James Pearson as the Head of Financial Institutions (FI) and Non-Banking Financial Institutions (NBFI), part of the bank’s Corporate and Investment Banking Group (CIBG). Download Image: https://bit.ly/39u3rZ1 James possesses over 30 years’ experience in corporate and investment banking and has worked extensively […]
Arabian Post Staff Etihad Airways has signed agreements with Boeing Global Services for the provision of maintenance support on its fleet of Boeing 787s. These agreements are part of the strategic partnership between Etihad and Boeing signed in November 2019, in line with Etihad’s ongoing commitment to achieve excellence in all aspects of operational reliability, maintenance, and on-board experience. Key to the agreements is a Component Services […]
By Matein Khalid The US Dollar Index has fallen almost 6% since its March 2020 highs. This is no surprise given the sheer scale and speed of the Federal Reserve’s response to the pandemic – a $3 trillion rise in the balance sheet, a buying spree in US Treasury, agency, MBS and corporate debt, backstop programs in the corporate credit markets. In addition, Jerome Powell resorted to […]
Australia leads the Asia Pacific region in creating an enabling environment supportive of longevity and healthy ageing with an overall score of 75.2 out of a possible 100, ranking second globally behind the US South Korea (4th) and Japan (8th) perform well with scores above the global average of 59.4 South Korea leads the G20 in areas of ‘accessible economic opportunity’ and ‘inclusive social structures and institutions’ […]
Seamless, end-to-end, feature-rich membership management system packs a powerful punch Built by the gym industry for the gym industry, CircuitTM is the superior choice for gym operators of all shapes and sizes SINGAPORE – Media OutReach – 20 July 2020 – Evolution Wellness Solutions (EWS) today launched its cloud-based membership management system, Circuit™, to the global marketplace, now giving gym operators access to a world class solution to support […]
With the same iconic look, a larger 44mm size, and new features. SINGAPORE – Media OutReach – 20 July 2020 – Bigger and better at 44mm The original Promaster NY004 diving watch that was released in 1989 was the basis for the new generation of Citizen Asia Limited Promaster NY008 series watches that were released since 2018. These two collections, with the first in 2018 coming mainly […]
Arabian Post Staff The IMF has praised the UAE authorities for reacting very quickly and swiftly in addressing the spreading of the coronavirus, and the pioneer measures in terms of controlling the spreading, increasing the number of testing, and introducing technology as a way and mean to address and to contain the spreading of the virus. It pointed out that the UAE economy is the second largest […]
Futurist addresses post-COVID-19 issues at E-Day online platform HONG KONG, CHINA – Media OutReach – 15 July 2020 – In light of the COVID-19 situation, this year’s HKTDC Entrepreneur Day (E-Day) has undergone a transformation in terms of format and content, with a series of seminars being broadcast live on 16 and 17 July. The public can register for free at https://hktdc.hermeslive.com/en/. HKTDC Assistant Executive Director Stephen Liang said: […]
Emirates has announced it will resume flights to Geneva (from 15 July), Los Angeles (from 22 July), Dar es Salaam (from 1 August), Prague and Sao Paulo (from 2 August), and Boston (from 15 August), offering customers even more travel options. This will take the airline’s network to 58 cities by mid-August, including 20 points in Europe and 24 points in the Asia Pacific. Adnan Kazim, Emirates’ […]
VistaJet World presents private and safe journeys to keep discovering the world LONDON, UK – EQS Newswire – July 8, 2020 – VistaJet, the first and only global business aviation company, uncovers a portfolio of private and safe journeys as Members seek to experience exclusive-use escapes and health-enhancing adventures around the world. During a challenging time with COVID-19, planning and researching future journeys is high […]
388,570 sqm state-of-the-art distribution centre in Japan’s Greater Osaka to set new standards for modern logistics properties HONG KONG, CHINA – Media OutReach – 8 July 2020 – ESR Cayman Limited (“ESR” or the “Group”; SEHK Stock Code: 1821), the largest APAC focused logistics real estate platform, today announced the completion of ESR Amagasaki Distribution Centre (“ESR Amagasaki DC”) in Greater Osaka which, with a GFA of 388,570 sqm […]
SHANGHAI/TORONTO/AMSTERDAM/HONG KONG – Media OutReach – July 6, 2020 – ESR Cayman Limited (“ESR”; SEHK Stock Code: 1821), Manulife and PGGM today announced that a new core joint venture (“Core JV”) between ESR and Manulife has completed the acquisition of four institutional-grade logistics properties from Redwood China Logistics Fund (“RCLF”) for approximately RMB1.7 billion (equivalent to approximately US$243 million). RCLF is a limited partnership development joint venture between ESR and PGGM. PGGM […]
Middle East and North Africa (MENA) construction sector is expected to be bit by the triple whammy of lower oil production, low oil prices and contracting non-oil sectors. Data and analytics company GlobalData has further cut its construction output growth forecast for the region for 2020 to -2.4%, down from the previous forecast of 1.4%, in light of continued spread of COVID-19. Amid the worsening situation with regards […]
By James M. Dorsey A Turkish-US business council is projecting Turkey as a trading alternative to China with the help of influential US Republican Senator Lindsey Graham, a close associate of President Donald J. Trump. The Turkish effort comes two weeks after President Recep Tayyip Erdogan heralded a new era in long-strained relations with Washington. Mr. Graham’s agreement to participate in a webinar organized by the Turkey American Business […]
By Manish Rai Recent protests in Beirut over government corruption and mismanagement of the economy quickly escalated into rioting and violence that included clashes between Shi’ite Hezbollah supporters and demonstrators. Protesters poured into the streets of the Lebanese capital to decry the collapse of the economy. Moreover, there are now renewed calls from various sections of the society for the total disarmament of the powerful Hezbollah which is […]
By Lucky La Riccia Digital technologies are transforming industries worldwide. With 5G being deployed across the region, service providers increasingly recognize the new business opportunities that digital transformation of the enterprise market will bring. However, to successfully address these opportunities and accelerate longer-term growth, they need to extend their focus from traditional revenue streams to center on digitalizing targeted industries. While leading service providers in the region […]
By James M. Dorsey Fraught with multiple powder kegs that could blow up at any moment, Turkish-Russian relations constitute a study in the management of a new world order’s seemingly fragile alliances. Much like relations between Russia and China, Russia and Iran, Turkey and Iran, and Turkey and China, Turkish-Russian ties are fragile despite the fact that they, contrary to Western perceptions, are not just opportunistic and […]
SINGAPORE – Media OutReach – 19 June 2020 – PSB Academy (PSBA), one of Singapore’s leading private education institutions, have pledged to renew partnerships with Australian universities The University of Newcastle, Australia (UON) and La Trobe University (LTU), to continue to offer select undergraduate and postgraduate programmes in Singapore for another five years. From top left clockwise: Professor Sally Chan, Pro Vice-Chancellor (Singapore) and Chief Executive Officer, University of […]
By Hassan Ali Mansoor Like a raging bull, Covid-19 has swept through the world. Besides infecting millions of people and resulting in the killing of hundreds of thousands of people, it has also brought the global economy to a standstill and disrupted existing projections of capital markets and cash liquidity. Banks and financial institutions have been forced to review their existing policies and projections, governments around the […]
Digitalizing Shopping, Dining, Learning, Traveling Kickoff by GRWTH with “Dream Rewards” at Amoy · Kornhill Learnscape “Dreams · Chaser” Open House Offers Free Trial Lessons that Help Explore Children’s Interests HONG KONG, CHINA – Media OutReach – 17 June 2020 – The COVID-19 pandemic over the past six months has made the internet and online platforms becoming an indispensable part of our life. Digitalization impacts every aspect of our […]
Revenue increases 12.6% to RMB1.84 Billion Gradual Results Delivered From Operational Reforms Optimises Sales Channel Mix Results Highlights (RMB million） For the twelve months ended 31 March 2020 2019 Change Revenue 1,841 1,635 +12.6% Gross profit (before provision for/reversal of impairment losses of inventories) 1,138 914 +24.5% Gross profit margin (before provision for/reversal of impairment losses of inventories) 61.8% 55.9% +5.9pts Operating profit 484 584 -17.1% Operating […]
By James M. Dorsey Europe is progressively being sucked into the Middle East and North Africa’s myriad conflicts. As if wars on its doorstep in Libya and Syria were not enough, UAE support for an Eastern Mediterranean pipeline that could hurt Qatar economically — combined with Greek, Cypriot and French opposition to Turkish moves — leaves Europe with few, if any, options but to get involved. Europe’s […]
