logo

News related to
Middle East

British oilfield services and engineering company John Wood Group Plc is setting its sights on expanding its presence in the Middle East, even as it negotiates a potential takeover by Dubai-based engineering and consulting firm Sidara. This move comes amid growing demand for energy transition solutions in the region. Wood Group revealed plans to establish an energy transition hub in Abu Dhabi by August 2024. Gerry Traynor, […]

The Middle East and North Africa (MENA) region stands on the precipice of a clean energy revolution. A recent report by the Global Wind Energy Council (GWEC) reveals a staggering potential:a whopping 1, 400 gigawatts (GW) of harnassable offshore wind power. This untapped resource dwarfs current energy production in the region and could significantly alter its energy landscape. While the report acknowledges the nascent stage of offshore […]

Cryptocurrency exchange BitOasis is forging ahead with regional expansion plans after securing a key license in Bahrain. This comes just two months after Dubai authorities lifted a suspension on BitOasis’ operations. The Bahrain license, a Category 2 Crypto-Asset Services Licence issued by the Central Bank of Bahrain (CBB), paves the way for BitOasis to establish a local subsidiary, BitOasis Bahrain. This subsidiary will operate a new broker-dealer […]

Financial services giant Franklin Templeton announced the appointment of Hardeep Dogra to its Global Sukuk and MENA Fixed Income team, bolstering its expertise in Islamic finance. Dogra joins the team as a Portfolio Manager and Research Analyst, bringing his experience to a unit recognized as one of the largest globally focused on sukuk investments. Franklin Templeton has established a strong presence in the Middle East and North […]

The Al Habtoor Group, a Dubai-based conglomerate with a significant presence in Hungary’s hospitality sector, has initiated arbitration proceedings against Marriott International. The dispute centers on the management of the Ritz-Carlton Hotel in Budapest, with Al Habtoor seeking to terminate its agreement with the hotel giant and claiming substantial compensation. Details regarding the specific grievances behind the arbitration case remain confidential. However, the move signifies a serious […]

Teppanyaki dining at its finest presented by an experienced artisan team MACAU SAR – Media OutReach Newswire – 20 June 2024 – Teppanyaki Shou, specializing in Omakase teppanyaki, has recently debuted at Raffles at Galaxy Macau. Led by seasoned chefs of Japanese artisan caliber, the restaurant meticulously selects top-tier fresh ingredients from around the globe, presenting a masterful culinary performance that promises diners an unforgettable taste of […]

HONG KONG SAR – Media OutReach Newswire – 20 June 2024 – Today, KGI Asia has released its 2024 Mid-Year Global Market Outlook, which covers regions including Mainland China, Hong Kong, Taiwan, the US, Singapore, and Indonesia. (From left to right) Kenny Wen, Head of Investment Strategy at KGI Asia, and James Chu, Chairman at KGI Investment Advisory While the world is fighting against inflation, the economic […]

Advertisements
By Girish Linganna Russia is now working more closely with Iran, North Korea, and China, sharing sensitive technology that could pose a threat to the United States. and its allies even after the Ukraine war ends, say American defense and intelligence officials. The rapid growth and strength of security ties between U.S. adversaries have surprised […]

Saudi Arabia’s capital, Riyadh, is surging as a breeding ground for innovative startups, according to a recent report by Startup Genome, an international research organization. The report ranks Riyadh as the fourth most promising startup ecosystem in the Middle East and North Africa (MENA) region. This impressive achievement is just one facet of a broader trend – three Saudi Arabian cities secured spots on the prestigious list. […]

Major new global study by CSC finds uplift in market optimism 76% of global respondents believe market conditions will improve within five years, with the use of SPVs also set to grow Private debt professionals are the most optimistic regarding market conditions Greater deal complexity and a growing burden of regulation are impacting use of SPVs Outsourcing to SPV administrators set to grow, aided by more sophisticated […]

Running from July 18-31, the colorful event features a dazzling array of Malaysia local mart, street food classics with premium durian fruit platter at the buffet, while also celebrating the 50th anniversary of diplomatic relations between China and Malaysia MACAU SAR – Media OutReach Newswire – 19 June 2024 – Galaxy Macau™ (“Galaxy Macau”) will offer visitors an authentic taste of Malaysia’s vibrant cuisine and culture from […]

Dubai’s GEMS Education, one of the world’s largest private K-12 education providers, is poised for a significant investment boost. A consortium led by Canadian investment giant Brookfield Asset Management has signed a binding agreement to acquire a stake in the company. The deal, expected to close in the third quarter of 2024, underscores the growing appeal of the education sector in the Middle East and GEMS’s strong […]

Information technology spending in the Middle East and North Africa (MENA) region is projected to reach $193. 7 billion in 2024, according to a recent report by Gartner, a leading IT research and advisory firm. This represents a 5. 2% increase compared to the previous year, indicating continued growth in the sector, albeit at a slightly slower pace. The report highlights a shift in spending patterns within […]

Joins Forces with Amoy Plaza Tenants to Create First Mall with Carer Cafés in Hong Kong Provides Comprehensive Support for Dementia Patients and Their Carers HONG KONG SAR – Media OutReach Newswire – 18 June 2024 – Hang Lung Properties (SEHK stock code: 00101) (the “Company” or “Hang Lung”), in its continuing efforts to build a dementia friendly community, has announced a partnership with Hong Kong Christian […]

The Middle East and North Africa (MENA) region is experiencing a surge in cryptocurrency adoption, solidifying its position as the world’s fastest-growing crypto market. This rapid growth, fueled by a confluence of factors, is transforming the financial landscape of the region. A recent report by Chainalysis, a blockchain research firm, revealed that between July 2021 and June 2022, the MENA region received a staggering $566 billion in […]

OZO also Partners with Other Thai Brands to Redefine Joy in the Hotel Experience BANGKOK, THAILAND – Media OutReach Newswire – 18 June 2024 – OZO, the fun and vibrant concept hotel brand managed by ONYX Hospitality Group, is ready to provide unlimited happiness and smiles with its refreshed and brighter look. OZO is thrilled to unveil chic new staff uniforms through a special collaboration project, OZO […]

Sharjah International Airport, a key player in the Middle East’s aviation landscape, announced the formation of Sharjah Aviation Services (SAS) in a move that strengthens its position as a regional hub. Established in 2007 as a joint venture between the Sharjah Airport Authority and Air Arabia, the first low-cost carrier in the MENA region, SAS provides comprehensive ground handling services for airlines operating at the airport. The […]

RwandAir, the national carrier of Rwanda, is reportedly on the verge of finalizing a major investment deal with Qatar Airways, according to a recent report in the Financial Times. Citing sources familiar with the negotiations, the report suggests the partnership could be finalized as early as next month. This potential alliance has been in the works for several years, with discussions between the two airlines dating back […]

The future of food security in the Middle East is getting a boost thanks to a new partnership between the Abu Dhabi Agriculture and Water Security Authority (AGWA) and Believer Meats, a leading cultivated meat company from the United States. This collaboration aims to establish Abu Dhabi as a hub for research, development, and production of cultivated meat, a revolutionary technology that grows meat from animal cells […]

Fitch Ratings reports a surge in Saudi Arabia’s banking sector, positioning it as the growth leader in the Middle East. This positive outlook stems from a confluence of favorable conditions, including high oil prices and rising interest rates. During a recent webinar focused on the region’s banking landscape, Fitch analysts highlighted that Saudi lending is projected to nearly double the regional average growth rate of 5-6% for […]

Moscow will be thrust into the spotlight this August as it gears up to host the International Municipal BRICS Forum. Scheduled for the 27th and 28th, the forum promises a platform for knowledge sharing and collaboration among cities worldwide, with a particular focus on showcasing Moscow’s achievements in urban development. This emphasis on Moscow’s best practices stems from the city’s recent accolades. In 2022, the United Nations […]

Dobin announces the launch of its “Card Compass” feature, redefining how users approach tracking and maximising credit card rewards. The company plans to introduce further enhancements in the coming months, rewarding users and empowering them to achieve better financial outcomes. SINGAPORE – Media OutReach Newswire – 13 June 2024 – Dobin, a financial lifestyle app that launched in July 2023, announces its latest feature, “Card Compass”. This […]

Japanese steel giants Nippon Steel and Sumitomo Corporation have secured a significant order from QatarEnergy for high-alloy seamless pipes. These pipes will be a crucial component in Qatar’s ambitious carbon capture and storage (CCS) project, marking a major step towards the country’s clean energy goals. The project, spearheaded by QatarEnergy, involves constructing a “blue” ammonia manufacturing plant in the Mesaieed Industrial Zone, a key industrial hub in […]

Charity activities are an essential part of Ramadan celebrations. Octa seized this opportunity to implement a series of socially beneficial initiatives worldwide. Read about the projects the broker carried out in Indonesia, Malaysia, and Nigeria. No better time to contribute to the social good than Ramadan KUALA LUMPUR – Media OutReach Newswire – 14 June 2024 – Octa, a financial broker operating in many regions under globally […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Excise chief shunted out in bar licence dispute // Microfinance case trouble for Vellappally // CM disputes Vijayan’s claims // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // India Under Pressure To Join RCEP On The Eve Of ASEAN Summit In Manila On Nov 15-17 // Dubai details five-year visa benefits for returning visitors // ADNOC secures decade-long LNG supply pact with Gujarat Energy // Oil advances towards $100 as tanker attacks persist // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Battle Uttar Pradesh Will Be Tougher For Yogi Than Expected // ADIA subsidiary seeks $7.5 billion private investment financing // Elephant calf on death line airlifted for treatment in Gujarat // Emaar approves Development buyout ahead of planned delisting // Motorola introduces Signature 27 flagship priced at $1,599 // Democrats Gearing Up For 2028 Presidential Elections To Gain Full Power // Kochi police detain two actors over bid to honey trap doctor // HKUST President Prof. Nancy IP Receives UNESCO–Equatorial Guinea International Prize for Research in Life Sciences // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo //