News related to
Middle East

Galaxy Macau Ascends As The Premier Integrated Resort in Asia, Securing A Trio Of Regional Accolades

The resort’s esteemed property and hotel management teams have garnered an impressive 14 “Travel + Leisure” 2024 Asia Pacific Luxury Awards MACAU SAR – Media OutReach Newswire – 14 June 2024 – Galaxy Macau™ (“Galaxy Macau”) is proud to announce that it has received multiple accolades at the prestigious Travel + Leisure Luxury Awards Asia Pacific 2024. Various luxury hospitality brands under Galaxy Macau, including Galaxy Macau, […]

UK Hedge Funds Set Sights on Abu Dhabi Growth

Hedge funds from Britain are increasingly choosing Abu Dhabi as their new frontier, lured by the emirate’s thriving financial sector and its role as a gateway to the region’s burgeoning wealth. This trend comes amid a surge in Abu Dhabi Global Market (ADGM), the international financial center, which reported a staggering 211% increase in Assets Under Management (AUM) in the first quarter of 2024 compared to the […]

BCI Celebrates the Best in Hong Kong’s Architecture, Building and Design Industry

HONG KONG SAR – Media OutReach Newswire – 13 June 2024 – Hong Kong’s 10 most-active architecture firms, contractors and property developers were awarded the BCI Asia’s Top 10 Awards at the annual BCI Asia Awards ceremony held on 7th June 2024, at Hong Kong Ocean Park Marriott Hotel. Top left: Guests of Honour at BCI Asia Awards ceremony, Top Right: BCI ASIA TOP 10 DEVELOPERS 2024, […]

UAE Extends Warm Hand to Kuwait After Devastating Fire

The United Arab Emirates (UAE) reached out to Kuwait with expressions of solidarity and deep sympathy following a tragic fire that ripped through an apartment building in the Mangaf area. The blaze, which ignited on June 12th, 2024, resulted in a devastating loss of life, with dozens of individuals confirmed dead and many more injured. The UAE’s Ministry of Foreign Affairs (MoFA) issued a statement conveying the […]

Renewed Corporate Appetite for Cross-Border Expansion Brings Legal and Compliance Challenges, According to New Global Study

In-house legal teams face more complexity and risk to stay on top of global entity management Almost all (96%) of multinationals plan to maintain or grow their geographic footprint North America leads the way as the most popular overseas growth market South America attracts most first timers In-house legal teams cite building local infrastructure (61%) and understanding local legal systems (33%) as the biggest cross-border challenges HONG […]

Saudi Arabia Stocks Surge as IPO Frenzy Heats Up

Arabian Post Staff -Dubai Saudi Arabia’s stock market is experiencing a boom in initial public offerings (IPOs) in June, marking a significant shift for the kingdom’s traditionally oil-reliant economy. This surge in IPO activity is being driven by a confluence of factors, including the government’s ambitious Vision 2030 economic diversification plan, increased investor interest in the region, and a series of attractive offerings from local companies. Vision […]

Dubai Set for Annual Gathering of Internal Audit Experts

The Dubai skyline will be a beacon for internal audit professionals this April as the emirate gears up to host the annual Regional Audit Conference. The event, organized by the UAE Internal Auditors Association (UAE-IAA), is expected to convene over 550 specialists and regional delegates for two days of intensive discussions and knowledge sharing. Held under the theme “Digital Foundation, Endless Possibilities, ” the conference will delve […]

Magic Compass Group Singapore Company Unveils New Opportunities with Grand Opening Ceremony

SINGAPORE – Media OutReach Newswire – 13 June 2024 – The Magic Compass Group, a global leader in financial technology, marked a significant milestone with the grand opening of its new office in Singapore（June 5）. The event was graced by nearly 100 esteemed guests, including representatives from the local media, enhancing the festive atmosphere. Magic Compass Group Singapore Company Unveils New Opportunities with Grand Opening Ceremony Themed […]

China’s Small Businesses Power Forward in Exports

China’s small and medium-sized enterprises (SMEs) are defying expectations by demonstrating surprising strength in exports despite a challenging global trade environment. A recently released report, the 2024 China Small and Medium-sized Enterprises Export Risk Index (SMERI), indicates that these businesses have maintained robust export performance so far this year. The report, unveiled at a Beijing event, highlights the resilience of China’s SME exporters. This positive outlook comes […]

Shop, Save, and Celebrate in Singapore with the Great iShopChangi Sale & Father’s Day Steals

Gear up for a month of mega savings with the Great iShopChangi Sale running till 30 June! Discover unbeatable deals on top-tier tech, luxury liquors, fashionable finds, and beauty bests, all up to 60% off. But that’s not all! Get ahead on Father’s Day shopping with exclusive deals on the hottest gadgets in town and more from now to 30 June. Whether you’re looking to surprise Dad […]

The 2024 JCI Asia-Pacific Conference in Angkor Wat, Cambodia Concludes Successfully

Multiple Cooperation Agreements Reached, ‘International Night’ Fosters Cross-Cultural Exchanges and Friendships The Asia-Pacific Conference gathered over 2,000 youth representatives from 19 countries and regions Facilitated over 10 memoranda of understanding and agreements covering various industries such as corporate training and e-commerce JBI business matching activity gathered over 10 countries, 30 industry representatives, and 500 participants for exchange “Hong Kong Night” had a great atmosphere and attracted over […]

Property developers raise US$4.3 bn in debt issuance

By Saifur Rahman Property developers in the UAE and the GCC countries have raised US$4.3 billion (Dh15.48 billion) utilising debt market instruments such as bonds and Islamic sukuks to fund existing and future real estate projects, according to latest announcements. These include the successful closure of the latest US$400 million (Dh1.46 billion) sukuk issuance by Arada Developments LLC, a Sharjah-based developer of mixed-use communities, that was oversubscribed […]

WRISE Prestige Partners with Kingkey Privilege Wealth Management to Expand Financial Offerings Across Asia

Strategic collaboration enhances wealth ecosystem with comprehensive wealth management solutions for clients HONG KONG SAR – Media OutReach Newswire – 12 June 2024 – WRISE Prestige, a subsidiary of WRISE Group, today announced its strategic collaboration with Kingkey Privilege Wealth Management (Kingkey), a leading financial institution, to enhance cooperation and offer life insurance, over-the-counter (OTC) securities, and funds. This partnership is a key part of WRISE’s strategy […]

Enersol Takes Control of Gordon Technologies in $270 Million Deal

ADNOC Drilling Company and Alpha Dhabi Holding, a strategic investment firm, announced a significant development for their joint venture, Enersol RSC LTD. Enersol has agreed to acquire an additional 42. 206% stake in Gordon Technologies LLC, a US-based leader in oil and gas measurement and drilling technology. This acquisition elevates Enersol to the position of majority shareholder in Gordon Technologies. The deal, valued at approximately $270 million, […]

London Square’s spectacular showcase at Rosewood Hong Kong provides a dazzling view of its UK new homes

HONG KONG SAR – Media OutReach Newswire – 11 June 2024 – Leading UK residential developer London Square, renowned for creating some of the most striking new homes in London, unveiled an exciting showcase of current and future new developments at Rosewood Hong Kong last week. Nearly 200 people attended the prestigious exhibition Nearly 200 people attended the prestigious exhibition – the first time Rosewood Hong Kong […]

Jollibee Named Among Top 10 Brands in Kuwait for Customer Satisfaction

KUWAIT CITY, KUWAIT – Media OutReach Newswire – 11 June 2024 – Beloved restaurant brand Jollibee has been recognized as one of the Top 10 Brands for Customer Satisfaction in Kuwait by the 2023 Service Hero Customer Satisfaction Index (CSI) Awards. Warm, joyful service. Jollibee earned another triumph with its recent inclusion in the Top 10 brands for customer satisfaction in Kuwait. The awards program by Service […]

XTransfer and Banking Circle Announce Strategic Partnership

Collaboration Set to Boost Payment Capabilities for Importers/Exporters in Europe and the Middle East HONG KONG SAR – Media OutReach Newswire – 11 June 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, and Banking Circle, the innovative tech-driven Payments Bank, have entered into a strategic partnership. This collaboration aims to reduce the cost and processing time of cross-border payments for XTransfer’s […]

SHARP Revolutionises the Mobile Experience with the World’s Lightest 5G Smartphone and Heat-Releasing System for Prolonged Game Play

Experience Unmatched Features with the AQUOS R8s pro and AQUOS sense8 Smartphone SINGAPORE – Media OutReach Newswire – 11 June 2024 – SHARP, the renowned leader in consumer technology, is launching two new phones under the AQUOS series, the flagship AQUOS R8s pro and AQUOS sense8. To be launched in Singapore on 3 June 2024, both the R8s pro and sense8 boast unique cutting edge features. The […]

U. S. Extends Reassurance to UAE on Student Safety

The United States Embassy in Abu Dhabi has reiterated its commitment to the well-being of Emirati students studying in American institutions. This renewed assurance comes amidst ongoing concerns about the safety of international students, particularly those from the Middle East. The embassy’s message of support was delivered during a recent meeting with representatives from the UAE Ministry of Higher Education. Officials emphasized the paramount importance placed on […]

PM Modi Must Address Severe Child Poverty In His Third Term

Middle East Takes Center Stage in Uber’s Long-Term Growth Strategy

Arabian Post Staff -Dubai Following Uber’s first year of profitability since its 2019 IPO, CEO Dara Khosrowshahi has identified the Middle East as a key driver of the company’s long-term growth strategy. In an exclusive interview with The National’s Editor-in-Chief, Khosrowshahi emphasized Uber’s commitment to the region, highlighting its “leading” role in the company’s future plans. Khosrowshahi underscored Uber’s focus on responsible expansion, stating, “We continue to […]

Dubai PropTech Startup Stake Secures $14 Million Funding Boost

Dubai-based property technology (PropTech) company Stake has secured $14 million in a Series A funding round. The investment, led by Middle East Venture Partners (MEVP), a prominent UAE venture capital firm, signifies growing confidence in the future of fractional real estate ownership facilitated by digital platforms. Stake’s funding round attracted a diverse group of investors. Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi, participated alongside […]

US and Saudi Arabia on Verge of Landmark Security Pact

The United States and Saudi Arabia are on the cusp of finalizing a significant security agreement, according to reports from US and Saudi officials. The draft treaty, modeled after the existing US-Japan mutual defense pact, would pledge American military support to Saudi Arabia in the event of an attack. This commitment is seen as a potential turning point in US-Saudi relations, which have been strained in recent […]

Taman Safari Indonesia, Gateway to Natural Wonders, Culture, and Strengthening Tourism Bonds with China

BEIJING, CHINA – Media OutReach Newswire – 6 June 2024 – Taman Safari Indonesia, a world-class recreational theme park and conservation site located in six locations and two resorts across Indonesia, has concluded a successful roadshow campaign in China. The collaborative campaign with the Indonesian Ministry of Tourism and Creative Economy aimed to promote Indonesia’s diverse and captivating tourist destinations in key cities, with events held in […]