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Majid Al Futtaim has opened six HyperMax outlets in Bahrain, coupled with an online store offering, as it pushes its grocery retail ambitions further into the Gulf market. The launch delivers a brand positioned on local produce, value pricing and convenience, aiming to align with Bahrain’s Vision 2030 goals on sustainable growth and economic diversification. With a workforce exceeding 1,600 staff, HyperMax will draw upon partnerships with […]

Poland’s President Karol Nawrocki has approved the deployment of NATO forces on Polish territory as part of Operation Eastern Sentinel, authorising foreign allied units to bolster national defences. The approval came through a decree issued by the National Security Bureau, granting permission for allied troops from other NATO member states to be stationed in Poland. The decree is classified, and precise details—such as numbers, locations, or which […]

Bitcoin mining operations are undergoing a transformation as firms leverage their substantial electricity capacity and infrastructure to meet booming demand for artificial intelligence compute. Companies that once focused solely on mining are now converting parts of their facilities into AI data centres, pressing for more stable revenue amid tightening profit margins in crypto. CoreWeave’s $9 billion acquisition of Core Scientific stands out as a major move in […]

HONG KONG SAR – Media OutReach Newswire – 13 September 2025 – The 10th Belt and Road Summit was successfully held at the Hong Kong Convention and Exhibition Centre from September 10 to 11, 2025. China Telecom Global Limited (hereinafter referred to as “China Telecom Global”) made a strong appearance under the theme “Empowering the New Silk Road via AI for Good.” The company spotlighted three key […]

OpenAI will purchase approximately $300 billion worth of cloud computing capacity from Oracle over a five-year period beginning in 2027, according to statements from the companies and industry analysts. The deal is among the largest ever in the cloud infrastructure sector, and is intertwined with OpenAI and Oracle’s joint Stargate initiative. The agreement requires Oracle to supply 4.5 gigawatts of power-capacity for the data centres that will […]

Harare has been thrust into the spotlight over severe human rights violations linked to mining operations, as watchdog groups and local activists issue alarming reports of forced displacement, environmental destruction and labour abuse. The Crisis in Zimbabwe Coalition has accused mining firms and state actors of orchestrating “grave human rights violations” against residents in mining regions. These include evictions without proper compensation, widespread water and air pollution, […]

Mall of the Emirates will undergo a Dhs5 billion transformation aimed at reshaping the destination into a next-generation, multi-sensory retail, culture and lifestyle hub, as its operator, Majid Al Futtaim, continues to post strong financials for the first half of 2025. Majid Al Futtaim reported revenue of Dhs17.3 billion for the six months ending 30 June, up 3 per cent over the same period in 2024. EBITDA […]

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Singapore is witnessing a sharp decline in wealthy mainland Chinese individuals relocating to the city-state, driven by stricter financial regulation, tougher compliance requirements, and more burdensome permanent residence and family-office rules. The flow is shifting instead toward Hong Kong, Japan and the Middle East.

Applications from wealthy Chinese seeking family office status or residency in Singapore have dropped by about 50 per cent compared to 2022, according to legal advisers involved in vetting such clients. One lawyer noted that platforms offering cryptocurrency, tokenised equity or stablecoins must now obtain licensing even when serving clients outside Singapore, and approval will be rare. Minimum capital thresholds have been introduced, along with anti-money laundering, technology-risk and conduct obligations.

The Fujian money-laundering scandal of 2023 is widely cited as a turning point. Following that case, Singapore’s financial institutions and regulators re-screened clients and intensified know-your-customer processes. Some family office applications have taken over a year to process; others have been rejected or delayed because of stricter background checks, including detailed disclosures about dependents and family relationships that many find invasive.

Hong Kong has responded by making entry and residency procedures easier. Earlier this year, its Capital Investment Entrant Scheme was reformed so that applicants need only six months of asset holding instead of two years, and family-held wealth or investments via family companies are now accepted. Dubai and Japan are similarly pulling ahead with more streamlined family office incentives.

Henley & Partners projects that only 1,600 millionaires will move to Singapore in 2025, less than half the number projected in the previous year. Meanwhile, many Chinese family offices already based in Singapore are relocating their operations back to Hong Kong or setting up in the Middle East or Japan.

Regulation focusing on crypto activity has been particularly discouraging. New rules require licensing for platforms offering crypto or tokenised financial products even to clients outside Singapore; approvals are expected to be rare and compliance burdens steep. Some crypto firms have already departed because of the regulatory regime.

Kuwait Petroleum Corp is evaluating a plan to lease sections of its pipeline network as part of its drive to raise between $5 billion and $7 billion, to support a broader investment programme totalling $65 billion that spans upstream oil operations and petrochemicals. The deal under consideration would see 13 pipelines leased out on a 25-year basis. The firm has appointed Centerview Partners LLC as an adviser […]

The Apache Software Foundation has introduced a redesigned brand identity, replacing its long-standing feather motif with a new oak leaf logo and shifting emphasis toward the shorthand “The ASF”, while retaining its full legal name. The oak leaf has been selected to represent resilience, endurance and the collaborative nature of the open source community that the Foundation supports. The symbolism draws on the imagery of a mature […]

The Trump administration has filed a motion in U. S. District Court, Maryland, to cancel the 2024 approval of the Maryland Offshore Wind Project established under the previous administration. It asserts that the authorisation underestimated impacts on search-and-rescue operations and commercial fisheries, and argues the permitting process was flawed under the Outer Continental Shelf Lands Act. The planned wind farm, developed by US Wind, would include 114 […]

Wema Bank Plc has exceeded the Central Bank of Nigeria’s minimum capital requirement for commercial banks with national authorisation by raising its qualifying capital to ₦214.7 billion, following a ₦150 billion rights issue and a ₦50 billion special placement. The rights issue, which ran from 14 April to 21 May 2025, secured the necessary approvals from both the Central Bank of Nigeria and the Securities and Exchange […]

Namibia is stepping up sulphuric acid production to support surging output in uranium, copper and manganese mining, as two major industry players commit to scaling local supply. Green Metals Refining will build a new plant in Walvis Bay, and Vedanta aims to restart its dormant sulphuric acid facility at the Skorpion zinc operations. London-based Green Metals Refining plans an investment of US$59 million for the first phase […]

South African bank FirstRand has reported a 10 percent increase in full-year net income, reaching 41.82 billion rand for the fiscal year ended 30 June, despite absorbing a 2.7 billion rand pre-tax provision tied to a UK motor finance claim. The provision stems from fallout over a UK Supreme Court ruling and proposed redress scheme by Britain’s Financial Conduct Authority, aimed at motorists who allege they were […]

ReNew Energy Global Plc is negotiating with several international banks to secure a loan of about $815 million aimed at refinancing its debt, according to sources familiar with the matter. The funds would help the renewable energy firm restructure existing liabilities and improve its financial flexibility.

The discussions involve major global lenders, though the identities of those banks have not been confirmed. The loan is expected to offer terms that reflect both ReNew’s large asset base in wind, solar and hydroelectric power, and the current pressure in credit markets driven by rising interest rates.

ReNew, founded by Sumant Sinha with operations largely in India, has been expanding aggressively across clean energy segments. The company has more than 150 projects across ten states and is developing a supply-chain business through its solar cells and modules units. The refinancing exercise appears linked to balancing growth investments while managing existing financial obligations.

Financial analysts see this move as part of ReNew’s broader strategy to optimise its debt servicing costs. Earlier fundraising rounds for ReNew include a sizeable investment by British International Investment into its solar manufacturing arm, which underscores the company’s aim to develop internal manufacturing capabilities. Cost of debt and maturity profiles of its outstanding instruments have been flagged by market watchers as challenges in the current high-rate environment.

The OpenSearch Software Foundation has appointed Bianca Lewis as its new Executive Director, tasking her with guiding the foundation’s strategy, growing its community engagement, and maintaining vendor-neutral development. She takes on the post as the foundation marks its first year under the Linux Foundation banner. Lewis arrives with more than two decades of experience in technology, entrepreneurship, and business strategy, having held leadership roles at firms such […]

Shares of Orascom Construction leapt sharply when the company began trading on the Abu Dhabi Securities Exchange, underscoring investor appetite for infrastructure-linked growth in the Gulf. The stock closed its first session up about 27 per cent at AED 38.10, having opened near AED 30.15, valuing the company at approximately AED 4.2 billion. Orascom Construction shifted its primary listing from Nasdaq Dubai, while maintaining its secondary listing […]

SINGAPORE – Media OutReach Newswire – 11 September 2025 – Singapore has long been recognized as a pivotal hub in Gree’s Southeast Asia growth strategy. With its advanced infrastructure, strong sustainability agenda, and dynamic role in the Asia-Pacific market, Singapore provides the ideal platform for Gree to showcase cutting-edge technologies that combine comfort, energy efficiency, and environmental responsibility. This vision was further reinforced at the recent event, […]

SwissBorg has lost about $41 million worth of Solana after a breach in a third-party API linked to its staking partner Kiln, which facilitated its SOL Earn programme. The incident affected fewer than 1% of users and represented roughly 2% of SwissBorg’s total assets under management.

The vulnerability originated in Kiln’s API — the software interface SwissBorg uses to communicate with Solana’s staking network. By exploiting that interface, attackers manipulated staking requests tied to the SOL Earn product and diverted approximately 192,600 SOL to an external wallet. SwissBorg and Kiln stated that the main SwissBorg app and all other Earn products remain secure. SwissBorg has paused Solana staking transactions while investigations continue.

SwissBorg CEO Cyrus Fazel described the event as “a bad day,” assuring customers that operations remain stable. The company pledged to reimburse all affected users, confirmed it has sufficient treasury reserves to cover losses, and is working with law enforcement, white-hat hackers, and security firms to block stolen transactions and trace funds. Some transfers have already been intercepted, according to its statement.

Kiln acknowledged that the breach involved “unauthorised access to a wallet used for staking operations.” SwissBorg and Kiln jointly activated their incident response protocols upon detection, aiming to contain the damage.

Industry experts flag this as yet another example of how dependence on external service providers exposes crypto platforms to infrastructure-level risk. In recent years, comparable API and smart-contract vulnerabilities have been exploited across the sector, prompting calls for more rigorous audits and redundancy in trust relationships.

Nearly 90% of Chinese companies plan expansion across the Middle East, with Saudi Arabia and the UAE emerging as the most favoured para­l­lel investment destinations, according to a PwC survey of 136 firms. The findings show that 84% of respondents are targeting Saudi Arabia and 79% favour the UAE. The study, conducted between April and May 2025, reveals that 44% of these companies have already formalised business […]

Greenlogue/AP Australian Retirement Trust, the nation’s second-largest pension fund, has committed almost A$1 billion to the Macquarie Green Energy and Climate Opportunities Fund, aiming to scale up its sustainable investing strategy. The sum is among ART’s first substantial investments under its target to allocate at least A$2 billion by 2030 into assets that generate both member returns and environmental or social impact. Under the deal, ART will […]

MUNICH, GERMANY – Newsaktuell – 10 September 2025 – REMA TIP TOP acquires significant assets and operations of the Canadian Almex Group. With the acquisition, the company expands its portfolio in the area of conveyor belt vulcanizing systems and herewith strengthens its position as the world’s leading provider of integrated conveying solutions. REMA TIP TOP acquires significant assets and operations of the Canadian Almex Group and strengthens […]

Senator Ron Wyden is pressing the Federal Trade Commission to investigate Microsoft over what he terms its “gross cybersecurity negligence,” asserting that inherent weaknesses in Microsoft’s security framework enabled a damaging ransomware attack on a hospital system. Wyden’s letter, dated 10 September 2025, identifies how default encryption settings and flawed user-interface design played pivotal roles in the infiltration of Ascension, one of the largest non-profit health systems […]

Bybit has restored full access to its mobile app for users in India, marking a pivotal stage in its compliance efforts and reaffirming its long-term presence in the market. Access to its website is being reinstated in phases and is expected to be fully live within the next three to four days. This marks a strategic relaunch of services including spot trading, derivatives, options and copy trading, supported by enhanced Know Your Customer protocols and security measures.

The exchange began its compliance drive earlier this year by registering with the Financial Intelligence Unit-India as a reporting entity under the Prevention of Money Laundering Act in January 2025. That move followed a penalty of approximately INR 9.27 crore imposed for operating without proper registration. Services had trickled back in February for authorised users, but full restoration remained pending until now.

Bybit co-founder and CEO Ben Zhou said the company views this phase Bybit Restores Full Trading Access in India as more than a mere return—it signals a renewed chapter in its India operations. He emphasised India’s potential as a leading digital-asset market and reiterated the company’s commitment to delivering secure, transparent, world-class trading experiences. Vikas Gupta, Country Manager of Bybit India, described the moment as a landmark in providing Indian clients a seamless and compliant trading environment. He also spoke of broader ambitions to nurture India’s crypto ecosystem through education, strategic partnerships and community initiatives.

Legal counsel from Cyril Amarchand Mangaldas led Bybit’s regulatory realignment, navigating months of negotiations and product realignment to meet Indian norms and transaction-reporting requirements. The process has been framed as a model for other offshore platforms seeking a compliant pathway into India’s tightening regulatory environment.

Bybit has intensified its outreach in the Indian market, serving as title sponsor for the India Blockchain Tour 2025 and preparing for the next leg, “Metamorphosis – India Blockchain Tour,” in New Delhi on 27–28 September. The exchange has also unveiled its World Series of Trading 2025, offering welcome bonuses and prizes such as cars and smartphones to attract users.

India remains one of the world’s most dynamic cryptocurrency markets, despite stiff tax and regulatory hurdles—such as a 30 per cent tax on crypto gains and no comprehensive legal framework yet in place. The restoration of Bybit’s services under tighter compliance standards reflects its resilience and underscores the importance of regulatory alignment for offshore platforms.

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