KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 16 July 2024 – One of the most important holidays in the Islamic tradition, Eid al-Adha, or ‘The Feast of Sacrifice’, is observed by Muslims all around the world. This year, the festivities took place between 15 and 19 of June. The holiday celebration includes a special prayer followed by the sacrifice of an animal, usually a goat, sheep, […]
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 […]
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, […]
Arabian Post Staff -Dubai UAE-based Mubadala Investment Company and Qatar Investment Authority (QIA) have jointly announced a substantial $600 million investment in Trailer Leasing Enterprises, LLC (TEN), a prominent player in the US trailer leasing market. This strategic infusion of capital marks a notable milestone for TEN, which specializes in leasing a diverse fleet of trailers to logistics and transportation companies across the United States. Founded with […]
Arabian Post Staff -Dubai Kuwait has announced the discovery of substantial oil and gas reserves in the Al-Nokhatha offshore field, marking one of the most significant finds in recent years. The Kuwait Petroleum Corporation (KPC) revealed that this new discovery includes an estimated 3.2 billion barrels of oil equivalent, with approximately 5.1 trillion cubic feet of gas reserves. This discovery is expected to significantly bolster Kuwait’s status […]
Dubai’s iconic Emaar Mall, a cornerstone of the city’s retail and leisure landscape, has announced a remarkable milestone with million visitors flocking to its premises during the first half of . The record-breaking figures underscore the mall’s enduring appeal as a global shopping and entertainment destination. Emaar Properties, the developer behind the Dubai Mall, attributed the surge in footfall to a diverse range of attractions and experiences […]
SICO Capital, a prominent player in the financial services sector, has recently made headlines with the announcement of its new board of directors. The Bahrain-based investment firm unveiled its strategic move as part of a broader initiative to strengthen governance and leadership within the organization. The newly appointed board comprises seasoned professionals with extensive experience across various sectors crucial to SICO’s operations. Among them is Ms. Layla […]
In a major Cabinet reshuffle, Sheikh Hamdan bin Zayed Al Nahyan has been appointed as the UAE’s Deputy Prime Minister and Minister of Defence. The reshuffle marks Sheikh Hamdan’s elevation to a pivotal role in the country’s governance and defence strategy. Known for his leadership in various governmental and humanitarian roles, Sheikh Hamdan brings extensive experience to his new positions. His appointment underscores the UAE’s commitment to […]
Magrabi Retail Group is set to significantly expand its Doctor M brand footprint across the Middle East with the opening of 36 new stores this year. The retailer, known for its eyewear offerings, aims to meet rising consumer demand and solidify its position as a leading lifestyle brand in the region. With a focus on major cities in the Gulf Cooperation Council countries and Egypt, Magrabi plans […]
The Middle East and North Africa (MENA) region is witnessing a burgeoning tech startup ecosystem, promising a new era of economic growth and innovation. A confluence of factors is driving this surge, including supportive government policies, a burgeoning young population with a penchant for technology, and a growing appetite for venture capital investments. The region’s startups are increasingly focusing on solving local problems, such as financial inclusion, […]
Pop Diva joins her fans for an all-out summer with 12 performances of ‘Joey Yung Eternity Live in Macau 2024’ MACAU SAR – Media OutReach Newswire – 14 July 2024 – Last evening, pop diva Joey Yung once again hearten up the stage and kicked off the grand finale for this year’s Melco Residency Concert Series with the first of 12 elegant encounters at Studio City. Since […]
Prime members can expect incredible savings including up to 70% off books for all ages, and deep discounts of at least 50% off on brands like Acer, Lenovo and Owala. Look out for Amazon Prime Day on the Go roving truck to experience the excitement of Prime Day and discover amazing deals. Prepare your Wishlist, shop early deals, and stay up to date with the latest Prime […]
SINGAPORE – Media OutReach Newswire – 12 July 2024 – CDNetworks, the APAC-leading network to deliver edge as a service, leverages its strategic presences in emerging markets like Latin America, the Middle East, and Southeast Asia to support the global expansion of East Asian businesses. Additionally, CDNetworks will boost its East Asian network capacity to enhance performance and reliability. Strategic Presences in Emerging Markets Southeast Asia: As […]
AMMAN – The North Atlantic Treaty Organization (NATO) is set to establish its first liaison office in the Middle East, marking a significant expansion of the alliance’s global footprint. The new office, to be located in Amman, Jordan, will serve as a platform for enhanced political dialogue and practical cooperation between NATO and the region. The decision to open the Amman office was announced following the recent […]
Joining City of Dreams as Melco’s second IR honored by Prix Versailles MACAU SAR – Media OutReach Newswire – 12 July 2024 – Melco Resorts & Entertainment’s Studio City is home to one of the World’s Most Beautiful Hotels according to UNESCO’s World Architecture & Design Award, the Prix Versailles. Awarded to W Macau – Studio City located at the cinematically themed resort Studio City, the property […]
Reclaiming Timeless Flavors: Gourmet Delights Exclusively at Galaxy Macau Tam Chai Yu Chun MACAU SAR – Media OutReach Newswire – 12 July 2024 – Galaxy Macau™ integrated resort is wholeheartedly supporting the Macao SAR Government’s efforts to solidify Macau’s reputation as a UNESCO Creative City of Gastronomy. With genuine enthusiasm, it invites world-renowned chefs to showcase their culinary prowess, offering visitors a rich and authentic dining journey. […]
HONG KONG SAR – Media OutReach Newswire – 12 July 2024 – Today, IX Asia Indexes announced the 2024 2nd quarter review of ixCrypto Index Series and IX Digital Asset Industry Index Series. The constituent changes will be effective on 19th July, 2024 (Friday). The results of the constituent review and exchange review are as follows: 1. Constituent Review – ixCrypto Index Series 1.1 ixCrypto Index (“IXCI”) […]
Dubai, United Arab Emirates – Indonesia has successfully listed three sovereign sukuks, totaling $2. 35 billion, on Nasdaq Dubai. The Southeast Asian nation’s latest issuance comprises three tranches:a $750 million sukuk maturing in 2029, a $1 billion sukuk due in 2034, and a $600 million green sukuk with a 2054 maturity date. This latest offering brings Indonesia’s total sukuk listings on Nasdaq Dubai to $24. 1 billion, […]
HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2024. The Group’s sales for the quarter ended 30 June 2024 were US$935 million […]
Indian cryptocurrency exchange CoinDCX, the nation’s largest by valuation, has announced a strategic move to solidify its presence in the global crypto market. In a recent development, CoinDCX acquired BitOasis, the leading cryptocurrency exchange platform in the Middle East and North Africa (MENA) region. This acquisition marks a significant step for CoinDCX, propelling it towards becoming a major international player in the cryptocurrency landscape.
Financial details of the acquisition haven’t been disclosed by either company. However, industry analysts believe the deal involves a substantial investment, considering BitOasis’ established position in the MENA region. Founded in 2016, BitOasis boasts a user base spanning 15 countries across the region and facilitates trading in over 60 cryptocurrencies. It has processed a trading volume exceeding $5 billion since its inception.
With this acquisition, CoinDCX gains access to a new and promising market. The MENA region has witnessed a significant surge in cryptocurrency adoption in recent years. Regulatory clarity and government initiatives supportive of blockchain technology have fostered a fertile ground for crypto businesses in the region. CoinDCX can leverage BitOasis’ experience and network to cater to this growing demand and expand its user base significantly.
The acquisition presents several advantages for BitOasis as well. CoinDCX’s financial muscle and technological expertise can empower BitOasis to accelerate its growth plans. The combined entity will boast a wider range of products and services, along with stronger liquidity, benefiting users on both platforms. Additionally, BitOasis can tap into CoinDCX’s institutional investor network, opening doors to new avenues for growth.
Experts believe this acquisition is a win-win for both companies. CoinDCX gains a foothold in a promising new market, while BitOasis receives the resources and backing to solidify its leadership position in the MENA region. The combined entity is expected to become a formidable force in the global cryptocurrency market, shaping the future of digital assets in these regions.
Nicholas Bongsosartono takes on the leadership role at DHL Global Forwarding Indonesia JAKARTA, INDONESIA – Media OutReach Newswire – 11 July 2024 – DHL Global Forwarding, the freight specialist of DHL Group, has appointed Nicholas Bongsosartono as the new President Director of DHL Global Forwarding Indonesia. Based in Jakarta, Bongsosartono will report to Thomas Tieber, CEO of DHL Global Forwarding, Southeast Asia and South Pacific. Nicholas Bongsosartono […]
Strategic alliance between two Singapore companies aims to build an engaged community of luxury art collectors, comic fans and lovers of pop culture. SINGAPORE – Media OutReach Newswire – 11 July 2024 – XM Studios, a multi-award-winning global design studio specialising in the creation of luxury art collectibles, has formed a strategic alliance with HIDDEN, a fast-growing local social enterprise specialising in immersive games, to deliver new […]
HANOI, VIETNAM – Media OutReach Newswire – 10 July 2024 – VinFast, a pioneering Vietnamese electric vehicle (EV) manufacturer, is making waves on the global stage with its meteoric rise. This upstart, emblematic of Vietnam’s burgeoning economic power, has now set its sights on the electric vehicle market in the Middle East. VinFast EV manufacturing complex in Hai Phong, Vietnam Haiphong Harbor, once a symbol of a […]
Saudi Reinsurance Company (Saudi Re) announced the completion of its stake sale in Probitas Holdings (Bermuda) Limited (PHBL) for $157. 4 million. The divested stake, representing 49. 9% ownership of PHBL and its subsidiaries, is expected to positively impact Saudi Re’s financial performance in the third quarter of 2024, according to a company statement released on the Saudi Stock Exchange (Tadawul). The agreement between Saudi Re and […]
