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Middle East

DHL Global Forwarding and Shell Eco-marathon Extend Partnership to Empower the Changemakers of Tomorrow

DHL Global Forwarding Indonesia announces its second-year partnership to support Shell Eco-marathon programme Over US$335,000 Benefits-in-Kind contributed for the Asia Pacific and the Middle East Competition 2024 This strategic partnership is in line with the DHL’s ambitious sustainability objectives JAKARTA, INDONESIA – Media OutReach Newswire – 4 July 2024 – DHL Global Forwarding, the freight specialist of DHL Group, has announced its continued partnership as the Official […]

Apical Doubles Palm Oil Refining Capacity in West Sumatra, Indonesia

PADANG, INDONESIA – Media OutReach Newswire – 4 July 2024 – Apical, a leading vegetable oil processor, held a groundbreaking ceremony today at its PT Padang Raya Cakrawala (PRC) facility to mark the construction of a new crude palm oil (CPO) refinery and fractionation plant for cooking oil production. Located in Padang City, West Sumatra, Indonesia, these new plants are set to boost Apical’s production capacity to […]

Saudi Wealth Fund Injects Half Billion into Hong Kong Conglomerate

Hong Kong Chaoshang Group, a diversified conglomerate listed on the Hong Kong Stock Exchange (HKEX:2322), is set to receive a significant financial boost from Saudi Arabia’s Public Investment Fund (PIF). The sovereign wealth fund announced its intention to invest a total of $500 million in Chaoshang Group, signaling growing economic ties between the Middle East nation and Hong Kong. The investment will be divided into two parts. […]

Tiong Nam Hospitality Group Expands Into Marina Industry With Pinetree Marina & Resort Puteri Harbour

New Venture Enhances Luxury Marina Experiences and Broadens Hospitality Portfolio ISKANDAR PUTERI, JOHOR, MALAYSIA –Media OutReach Newswire – 4 July 2024 – Tiong Nam Hospitality Group has officially announced its expansion into the marina industry with the addition of a marina to Pinetree Marina & Resort, Puteri Harbour. This strategic move marks a significant milestone for the Group, which has been successfully managing the 107-room resort since […]

Narendra Modi’s reply to President’s address debate lacked self-confidence

By Arun Srivastava It was a shaken and short of self confidence Narendra Modi on July 2 in Parliament.. Notwithstanding being insipid and incoherent, his reply to motion on President’s speech was purely an attempt to gain back his aura of “Political Invincibility”, which unfortunately he could not accomplish. Modi having the reputation of a […]

E-commerce Giant Teams Up with United Arab Emirates for Sustainable Deliveries

Amazon is revving up its sustainability efforts in the Middle East by collaborating with authorities in the United Arab Emirates (UAE) to launch an electric vehicle (EV) delivery fleet. This initiative aligns with the UAE’s push for a greener transportation sector and complements Amazon’s global commitment to reduce its environmental footprint. Prashant Saran, a senior executive overseeing operations in Amazon Turkey, Middle East and Africa, revealed the […]

Dubai’s KHK & Partners Unveils Ayala Capital for MENA Fundraising

Dubai-based asset manager KHK & Partners has announced the launch of Ayala Capital, a dedicated unit focused on capital-raising activities within the MENA (Middle East and North Africa) region. This strategic move signifies KHK & Partners’ commitment to streamlining and enhancing their fundraising capabilities, ultimately aiming to better serve clients, investors, and stakeholders across the board. Ayala Capital will operate with a singular focus:providing top-tier capital-raising solutions […]

CoinDCX Fulfills Regional Aspirations with Acquisition of Dubai’s BitOasis

In a move signifying its ambition to become a prominent player in the Middle East and North Africa (MENA) region, India’s leading cryptocurrency exchange CoinDCX has acquired Dubai-based BitOasis. The acquisition, finalized on July 3, 2024, marks CoinDCX’s first major international expansion and strengthens its position in the burgeoning global crypto market. This strategic move comes on the heels of CoinDCX’s initial investment in BitOasis last August. […]

UAE Crypto Market Experiences Surge in Activity, Reports Bitpanda Mena

Bitpanda Mena, the regional arm of the leading European crypto investment platform, has revealed a significant rise in cryptocurrency adoption within the United Arab Emirates (UAE). This surge comes amidst a period of growing interest and regulatory clarity surrounding digital assets in the region. According to Bitpanda Mena, the UAE has witnessed a substantial increase in new user registrations on their platform. This trend reflects a broader […]

American Songwriter Pens Novelty Tune Highlighting “Classic” Lion-City Misconceptions

Singapore-based Laura Ellington Music Teams with Stand-Up Legend Kumar for Video SINGAPORE – Media OutReach Newswire – 3 July 2024 – Singaporean comedian and television icon Kumar joins forces with Laura Ellington Music for their latest music video, “Lady Singapore Groove.” This unique collaboration skewers erroneous perceptions of Singapore through music and humour. “Lady Singapore Groove”, the song, was conceived by LEM creative director Toni Thompson; the […]

Hong Kong Home Prices Weakened Again in Q2 as Interest Rate Cuts to Come Later Than Market Expectations

Office market net absorption remained positive, high street vacancies stabilized The Hong Kong Grade A office market recorded growth for the third consecutive quarter, with overall net absorption remaining positive at 318,000 sq ft in Q2. Nevertheless, office rents remained under pressure due to the lifted availability rate, dropping 1.5% q-o-q. The overall high street vacancy rate stabilized, and rents continued to record low single-digit growth rate […]

Modi’s Days Of Lording Over Parliament Like A Monarch Ends At Last

HONOR Becomes Official Smartphone Partner for Esports World Cup Mobile Games

The Esports World Cup (EWC), gearing up for its grand tournament in Riyadh, Saudi Arabia, has secured a key partnership with global technology leader HONOR. This collaboration designates the HONOR 200 Pro as the official smartphone for the EWC’s mobile game competitions. The prestigious EWC, known as the world’s largest gaming festival, attracts top esports athletes worldwide. This focus on elite competition aligns perfectly with HONOR’s commitment […]

Groundbreaking Plastic Waste Management Project Launching in Saudi Arabia

Riyadh, Saudi Arabia, Duisburg, Germany, and Oslo, Norway – 1st July 2024 RIYADH, SAUDI ARABIA/ DUISBURG, GERMANY/ OSLO, NORWAY – Newsaktuell – 1 July 2024 – MVW Lechtenberg Projektentwicklungs- und Beteiligungsgesellschaft GmbH, the leading consulting firm specializing in alternative fuels for the cement and related industries, in collaboration with Empower, a leading provider of innovative traceability solutions, is excited to announce the launch of a transformative plastic […]

Dubai Financial District Announces Major Expansion with DIFC Square

The Dubai International Financial Centre (DIFC), a prominent financial hub in the Middle East, has unveiled plans for a substantial expansion project christened DIFC Square. This ambitious development signifies DIFC’s commitment to solidifying its position as a leading global center for finance and innovation. DIFC Square will encompass three interconnected buildings offering premium office spaces and retail units. The project boasts a sprawling one million square feet, […]

Press Freedom Is Weakening Worldwide With Record Number Of Journos In Jail

Henkel Powers Up Sustainability in Middle East and Africa

Henkel Adhesive Technologies, a global leader in adhesives, sealants and functional coatings, announced a significant milestone in its journey towards environmental sustainability. All its manufacturing sites in the Middle East and Africa (MEA) region have now transitioned to 100% renewable electricity. This achievement eliminates carbon dioxide (CO2) emissions from electricity usage, also known as Scope 2 emissions, for these facilities. The shift to renewable energy sources across […]

United Arab Emirates Economy Soars in 2024

The United Arab Emirates (UAE) is experiencing a banner year, with its economy exceeding expectations and breaking records across key metrics. This robust performance follows a trend of steady growth, solidifying the nation’s position as a regional economic powerhouse. Analysts attribute the UAE’s success to a combination of factors, including a stable and business-friendly environment that attracts foreign investment. The country’s GDP reached a staggering Dh1. 68 […]

Al Maktoum International Airport Soars as Economic Engine

Arabian Post Staff -Dubai Dubai’s ambitious vision for the future takes off with the Al Maktoum International Airport (DWC), a colossal project designed to solidify the emirate’s position as a global aviation leader and propel economic growth. This aviation behemoth boasts a staggering capacity of 260 million passengers annually, far exceeding Dubai’s current main airport and positioning it as a future travel hub. The DWC project reflects […]

New data reveals slow progress on deforestation in Southeast Asia

SINGAPORE – Media OutReach Newswire – 28 June 2024 – New data from the Accountability Framework initiative (AFi) and CDP shows that achievement of deforestation- and conversion-free supply chains is possible, but still uncommon around the world. The AFi and CDP examined hundreds of company disclosures and revealed their findings in Time for Transparency. The report provides the first clear and quantitative look at the extent to […]

Amazon Global Selling in Singapore Launches First Cross-Border E-commerce Trend Report

Singapore Sellers Achieved Double-Digit Sales Growth in 2023 Continue to Support Singapore Sellers to Prepare for Amazon’s 10th Prime Day Event, Returning This July 16 & 17 SINGAPORE – Media OutReach Newswire – 28 June 2024 – Amazon Global Selling Singapore today released its 2024 Amazon Global Selling Trend Report titled “Fostering Entrepreneurship & Building Global Brands,” detailing the opportunities in cross-border e-commerce (export e-commerce) for Singapore […]

Lee Kum Kee is The World’s 50 Best Restaurants’ first-ever Official Sauce & Condiment Partner

LAS VEGAS, USA – Media OutReach Newswire – 28 June 2024 – Lee Kum Kee Sauce Group (“Lee Kum Kee”), the renowned Asian cooking brand, announces a high-profile global collaboration with The World’s 50 Best Restaurants as its first-ever exclusive Official Sauce & Condiment Partner. Lee Kum Kee is the Official Sauce & Condiment Partner of The World’s 50 Best Restaurants. (Photo: Focus Event Photography) Lee Kum […]

Germany Seeks Iranian Cooperation to Quell Rising Tensions in Mideast

German Foreign Minister Annalena Baerbock called upon Iran to play a constructive role in de-escalating tensions simmering across the Middle East. The urgent plea came during a phone conversation with Ali Bagheri Kani, Iran’s acting Foreign Minister, on Friday. The call coincided with a period of heightened anxiety in the region. Israel had launched airstrikes in southern Lebanon earlier that day, retaliating for rocket attacks attributed to […]

Masdar Vies for Brookfield’s Spanish Renewables Portfolio

Arabian Post Staff -Dubai Masdar, a clean energy company from the United Arab Emirates, has emerged as a contender in the race to acquire Saeta Yield, the Spanish renewables unit of Brookfield, a Canadian asset manager. The news comes from a report published by Spanish newspaper Cinco Dias on Friday, citing unnamed financial sources. According to the report, Saeta Yield is estimated to be valued at €1. […]