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Swiss private bank Lombard Odier executives have stressed that the Middle East is no more inherently risky than other global markets—but warned that wealth managers must perform rigorous due diligence to avoid regulatory pitfalls in future. The bank is increasing its investment in the region and is aiming to more than double its assets under management there. Frédéric Rochat, managing partner at Lombard Odier, and Ali Janoudi, […]

BEIJING, CHINA – Media OutReach Newswire – 15 September 2025 – In Shougang Park, a former ironworks site in western Beijing, new technologies from AI to cloud computing and green innovation are on display amid the rusty blast furnaces and steel relics. The 2025 China International Fair for Trade in Services (CIFTIS), featuring digital innovation and intelligent technologies, is underway in the park, gathering nearly 2,000 enterprises, […]

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 […]

JAKARTA, INDONESIA – Media OutReach Newswire – 15 September 2025 – Finex, an acclaimed Indonesian broker, announces the grand winner of the Get X2 promo, a 2025 New Year’s promotion celebrating skill, persistence, and rewarding trading. Finex started 2025 with an ambitious event: the Get X2 promo. Finexers were invited to showcase their trading skills while exchanging traded lots for valuable prizes. The promotion ended with the […]

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 […]

Ubisoft employees have challenged company leadership about a possible funding partnership with Saudi Arabia tied to new downloadable content for Assassin’s Creed Mirage. Management insists it retains full creative control, but internal concerns focus on ethical and reputational risks. Workers from Ubisoft’s Social and Economic Committee posed questions after the announcement of a free expansion set in AlUla, historically significant as a UNESCO World Heritage site now […]

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 […]

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The India-Nepal border has begun reopening across several crossings following days of closure caused by violent protests in Nepal. Checkpoints at Sonauli, Rupaidiha, Kheri, Siddharthnagar and Balrampur have resumed partial movement of goods, under enhanced security and supervision by the Nepal Army.

At Rupaidiha’s Integrated Check Post, over 20 tankers loaded with petroleum, diesel, cooking gas and medicines have entered Nepal, helping to curb shortages of essentials. Nearly 1,000 trucks carrying foodstuffs, machinery and medical supplies await clearance amid prioritisation of life-saving and energy supplies. Market traders and transporters, impacted by steep price rises of commodities such as biscuits and cooking gas, have expressed relief. The border reopening comes amid tight controls, with curfews still in place in sensitive areas and heightened security patrols, including drone surveillance. Authorities warn that full restoration of trade and cross-border traffic will be gradual, given damage to infrastructure and logistical disruptions caused during the unrest.

Nepal is now under an interim government led by Sushila Karki, who took office after anti-corruption protests driven by Gen Z activists forced Prime Minister K. P. Sharma Oli to resign. Her appointment as the first woman to lead the government was confirmed after negotiations involving the president, military leadership and protest representatives. Parliament has been dissolved, and new elections are scheduled for 5 March 2026.

Protesters had demanded transparency, political accountability and an end to nepotism and corruption. The protests were triggered by a controversial social media ban, but escalated rapidly, resulting in more than 50 deaths and over 1,300 injuries in clashes with security forces. Many government buildings, including parliament and the presidential residence, were set ablaze. Curfews were imposed in Kathmandu and neighbouring districts while transport, banking and other services came to a standstill.

With the new government now operating, authorities in Nepal are prioritising restoring law and order and ensuring that those who died or lost property during the unrest receive appropriate investigation and accountability. International reaction has been largely supportive of the transition, with neighbouring countries invoking hopes of stability and peace.

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 […]

LONG ISLAND, US – Media OutReach Newswire – 13 September 2025 – Garrett Taylor, CRPC®, Founder and Managing Partner of Coastline Wealth Management, has earned a place on Forbes’ 2025 Best-in-State Wealth Advisors list, ranking #40 in New York. He was named one of Long Island Business News’ Most Influential Long Islanders in Banking and Finance. These two recognitions reflect Garrett’s consistent track record of helping clients […]

By Nitya Chakraborty Prime Minister Narendra Modi has been talking of Neighbourhood First programme since he took over power in 2014. In these eleven years of his rule, India has got isolated from most of the countries who are its neighbours and belong to the South Asian Association of Regional Cooperation (SAARC). The latest developments […]

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 […]

Dubai’s events sector is being reshaped by a new digital platform aiming to simplify how people organise celebrations. The PartyPlatform, founded by Patrick Narracott, has introduced an online marketplace linking customers directly with vendors, allowing users to either hire full-service planners or assemble their own teams of vendors. The business addresses long-standing challenges in event planning, especially in terms of transparency and vendor discovery. Traditional methods often […]

Security researchers at ESET have identified a new malware strain called HybridPetya that combines traits of Petya and NotPetya ransomware with advanced boot-kit functionality to infect systems protected by UEFI Secure Boot. It exploits the vulnerability CVE-2024-7344 in the Howyar “Reloader” UEFI application to bypass signature checks, allowing unverified code execution. HybridPetya was first spotted when samples uploaded to VirusTotal in February 2025 caught the eye of […]

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 […]

Eshraq Investments has struck sale and purchase agreements totalling AED 264 million with Blue Lake Properties and Al Ain Properties to dispose of several land plots on Al Reem Island. The move forms part of its strategy to monetise land holdings and respond to mounting financial losses.

The sale takes place in prime zones of Al Reem Island adjacent to Al Maryah Island and inside the jurisdiction of the Abu Dhabi Global Market, locations particularly attractive to developers seeking centrality and regulatory stability. The agreements bolster Eshraq’s land monetisation drive, which has become a priority as the company seeks to improve its financial footing.

Financial filings show that accumulated losses for the first half of 2025 reached AED 484.85 million, equal to 18.05% of Eshraq’s capital. That marks an improvement from a loss of AED 526.55 million at the end of 2024, helped by gains from independent valuations of assets held by Goldilocks Investments, which rose by AED 55.14 million during the same period.

Goldilocks, a key non-core investment, had its net investment value boosted to AED 827.70 million as at 30 June 2025, up from AED 772.56 million in December 2024, offering some cushion against Eshraq’s operating losses.

In its first quarter of 2025, Eshraq reported a net loss of AED 27.03 million, a sharp decline from AED 306.05 million in the same period of 2024. Revenue across its portfolio has faltered, prompting management to accelerate the disposal or development of under-utilised land.

Industry observers note that investor appetite for Al Reem Island remains strong, driven by its proximity to key business hubs, relatively favourable regulatory environment, and demand for residential and mixed‐use projects. The sale with Blue Lake and Al Ain Properties underscores that even amidst financial pressure, prime real estate in central Abu Dhabi retains market confidence.

WWE has confirmed that WrestleMania 43 will take place in Riyadh, Saudi Arabia in 2027, marking the first time the flagship event will be held outside North America. The announcement was made by WWE’s Chief Content Officer, Paul “Triple H” Levesque, in partnership with Turki Alalshikh of the Saudi General Entertainment Authority.

Officials say WrestleMania 43 will become part of Riyadh Season, with the Kingdom hosting both the weekend’s celebrations and related WWE programming such as Friday Night SmackDown, Monday Night Raw, NXT, fan events, and community outreach.

This move represents a major shift in WWE’s global strategy. Since 2018, WWE has maintained a ten-year partnership with Saudi Arabia aimed at expanding international entertainment ties under Vision 2030. The deal has already resulted in multiple large WWE events being hosted in the Kingdom.

Levesque described the decision as an opportunity to “show the world … that WWE is a global brand that reaches every corner of the world.” Turki Alalshikh emphasised respect for WrestleMania’s legacy and global prestige, and expressed intent to make the upcoming show “unlike anything the world has ever seen.”

Among those present for the announcement were WWE legends Shawn Michaels and The Undertaker, and current stars including Seth Rollins, Charlotte Flair, Liv Morgan, Bianca Belair, Logan Paul, and Stephanie Vaquer.

Negotiations are underway for marquee matchups. Dwayne “The Rock” Johnson is reportedly in discussions to appear, possibly facing either Roman Reigns or Cody Rhodes, which, if confirmed, could involve one of the largest wrestler paydays ever.

SUSE has rolled out Agama 17, the next-generation installer set to accompany SUSE Linux Enterprise 16.0, bringing a raft of improvements to storage configuration, security module options, network setup and unattended installs. The upgrade overhauls how wired interfaces are presented in the UI, especially when multiple devices share the same connection. Users now see clearer distinctions and can manage such setups more intuitively. The storage section has […]

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 […]

Gemini Space Station, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, saw its shares leap more than 32% when it began trading on Nasdaq under the ticker “GEMI”. The stock opened at $37.01, having been priced at $28, after the company raised $425 million through an initial public offering.

Gemini sold 15.2 million shares at the set price, above the originally floated range of $24 to $26 per share. Investor demand exceeded supply by over twenty times. Nasdaq also participated with a $50 million private placement simultaneous with the IPO.

The valuation placed Gemini at approximately $3.3 billion, non-diluted. After the rally, the share price settled closer to $32, still well above the IPO price but reflecting a pull-back from the intraday highs.

Gemini posted a net loss of $282.5 million for the first half of 2025, following a $159 million loss in 2024. Despite those losses, its business spans crypto exchange services, a stablecoin, and a rewards credit card product.

Regulatory developments have bolstered confidence in the cryptocurrency sector. Gemini has benefited from relaxed oversight compared with earlier years, and the IPO is seen as a signal of institutional adoption amid stronger clarity from U. S. regulators. The firm is now viewed alongside the likes of Coinbase and Bullish, both of which have gone public.

MUNICH, GERMANY – Media OutReach Newswire – 13 September 2025 – COOFANDY, EKOUAER, and Zeagoo are excited to announce their participation in the 2025 Munich Oktoberfest, alongside a special offline pop-up event in partnership with Substanz Club, one of the city’s most iconic music bars. The event will take place from September 20 to 22 at Substanz Club, located just 700 meters from the main festival grounds. […]

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 […]

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