Arabian Post Staff -Dubai ADNOC Distribution and Americana Restaurants International PLC have agreed to open up to 200 quick-service restaurants across fuel and mobility sites in the UAE, Saudi Arabia and Egypt, deepening a push to turn service stations into broader dining, retail and convenience destinations. The strategic partnership announced on Tuesday will bring brands from Americana Restaurants’ portfolio into ADNOC Distribution locations, including standard service stations […]
Hundreds of shoppers queued through the night at Dubai Mall and Mall of the Emirates for a Swatch and Audemars Piguet launch that was called off after crowding raised public safety concerns. The cancelled May 16 sale of the Royal Pop collection turned a marketing triumph into a crowd-management test for one of the luxury sector’s most closely watched collaborations. The pocket watches, priced at about Dh1,530 […]
Dubai will host a high-level Africa investment forum on 22 October 2026 as Invest Africa and the Government of the United Arab Emirates move to deepen trade, finance and technology partnerships across one of the world’s fastest-growing economic corridors. The Africa Debate – UAE, organised in collaboration with the UAE Ministry of Foreign Trade, will bring senior figures from government, finance, industry and development institutions under the […]
Arabian Post Staff -Dubai Standard Chartered is moving to bring Zodia Custody’s crypto custody business inside its own digital-asset operations, marking a sharper push by the London-headquartered bank to capture institutional demand for regulated storage of tokens and blockchain-based financial assets. The planned acquisition would fold key custody activities of Zodia Custody Ltd., a majority-owned subsidiary, into Standard Chartered’s corporate and investment banking division, where the bank […]
Abu Dhabi technology group G42 and the Government of India have formalised terms to deploy Condor Galaxy India, an 8-exaflop artificial intelligence supercomputing cluster designed to strengthen the country’s sovereign AI infrastructure and widen access to advanced computing for research, public services and industry. The agreement, witnessed by UAE President Sheikh Mohamed bin Zayed Al Nahyan and Prime Minister Narendra Modi during Modi’s official state visit to […]
Arabian Post Staff -Dubai Saudi Arabian Refineries Company has moved to deepen its clean energy ambitions by signing a non-binding memorandum of understanding with China’s Ally Hydrogen Energy to develop a green ammonia production plant in Jazan Industrial City. The agreement, signed on 15 May, places Jazan at the centre of another proposed low-carbon fuel project as Saudi Arabia seeks to build industrial capacity around hydrogen, ammonia […]
Arabian Post Staff -Dubai Tehran’s state broadcasting apparatus has drawn Gulf attention after a presenter fired at a target bearing the UAE flag during a televised firearms training segment, an on-air act that added a provocative media dimension to sharpening tensions between Iran and Abu Dhabi. The segment, aired on the state-run Ofogh TV network, showed a firearms instructor guiding the presenter through the handling of a […]
SpaceX is moving towards a record-breaking stock market debut that could value Elon Musk’s rocket, satellite and artificial intelligence empire at about $1.75 trillion, placing public investors before one of the most ambitious and complex listings ever attempted on Wall Street. The company is preparing to list on Nasdaq under the ticker SPCX as early as June, with plans that could raise roughly $75 billion. Such a […]
Qatar Science & Technology Park has launched a $30 million Tech Venture Fund to back early-stage deeptech companies headquartered in Qatar, positioning the initiative as a new capital channel for founders working in artificial intelligence, robotics, biotechnology, advanced materials and clean technology. The fund, unveiled by the Qatar Foundation member in Doha, will invest in startups with measurable social or climate impact and will operate alongside a […]
Claude has overtaken ChatGPT in paid adoption among US businesses for the first time, marking a shift in the enterprise artificial intelligence market as companies move beyond experimentation and begin choosing tools for daily operations. Payments data covering more than 50,000 businesses showed Anthropic’s Claude products used by 34.4 per cent of firms in April, ahead of OpenAI’s ChatGPT and related services at 32.3 per cent. Overall […]
Kazakhstan has ordered artificial intelligence to be introduced across all secondary schools by 2029, setting a tight first deadline for the government to design a pilot project within 17 days as President Kassym-Jomart Tokayev pushes education reform deeper into the country’s digital transformation agenda. Tokayev signed the decree on May 12, directing the government to prepare concrete proposals by June 1 for an initial pilot in secondary […]
Arabian Post Staff -Dubai Etihad Airways has signed a codeshare agreement with Uzbekistan Airways, opening eight destinations across Uzbekistan to its global passengers and giving travellers from Tashkent access to Abu Dhabi through a single-ticket arrangement. The agreement takes effect from 15 May 2026 and is designed to connect Etihad’s international network with Uzbekistan Airways’ domestic reach through Tashkent, the largest city in Central Asia. Bookings are […]
Jurors in Oakland are set to begin deliberations on Monday in a closely watched trial over whether OpenAI’s leadership broke charitable-trust obligations as the maker of ChatGPT shifted from its nonprofit origins into a profit-seeking artificial intelligence powerhouse. The nine-person jury will consider claims brought by Elon Musk against OpenAI, chief executive Sam Altman and president Greg Brockman after three weeks of testimony that exposed deep divisions […]
Prime Minister Narendra Modi arrived in Abu Dhabi on Friday at the start of an official visit that placed energy security, defence cooperation and investment at the centre of one of India’s most closely watched Gulf partnerships.
UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed Modi on arrival, underscoring the personal diplomacy that has become a defining feature of ties between the two leaders. The visit opened the first leg of Modi’s five-nation tour, which is scheduled to include the Netherlands, Sweden, Norway and Italy between May 15 and 20.
The Abu Dhabi stop carries immediate strategic weight for New Delhi as energy markets remain exposed to geopolitical pressure and supply uncertainty. Discussions between the two sides were centred on long-term energy arrangements, petroleum reserves, liquefied petroleum gas supply and a wider defence framework, reflecting the broadening scope of a relationship once driven largely by trade, remittances and crude oil.
Agreements signed during the visit covered defence cooperation, petroleum reserve collaboration and LPG supply. The defence pact points to a gradual shift in the partnership towards security coordination, technology exchange and maritime stability, particularly as both countries seek to protect trade routes and energy flows across the Arabian Sea, the Gulf and the wider West Asia region.
Energy remains the strongest pillar of the relationship. The UAE is among India’s key suppliers of crude oil and gas, while Abu Dhabi’s state-linked energy companies have already taken part in India’s strategic petroleum reserve programme. New Delhi has been seeking to expand reserve capacity as part of a long-term effort to cushion the economy from global supply shocks, currency pressure and price spikes.
For Abu Dhabi, the visit fits a broader strategy of deepening ties with major Asian economies while positioning the UAE as an energy, finance, logistics and technology hub. The UAE’s investment push into ports, renewable energy, infrastructure, food corridors and financial services has increasingly aligned with India’s priorities in manufacturing, digital infrastructure and supply-chain diversification.
Bilateral trade has grown strongly since the Comprehensive Economic Partnership Agreement came into force in 2022. The pact reduced tariffs on a wide range of goods and helped accelerate commerce in gems and jewellery, petroleum products, food, metals, machinery and services. Both sides have set ambitious targets to lift non-oil trade, while businesses have expanded their use of rupee-dirham settlement mechanisms and cross-border payment links.
The partnership has also moved deeper into technology. Artificial intelligence, digital public infrastructure, data centres, financial technology and advanced computing have emerged as major areas of cooperation, especially after high-level exchanges earlier this year involving Sheikh Mohamed and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. The proposed deployment of advanced computing infrastructure in India, with UAE-linked institutions and companies involved, has reinforced the technology dimension of the relationship.
People-to-people ties remain central to the diplomatic equation. The UAE hosts one of the largest overseas communities from India, with millions working across construction, services, health care, finance, aviation, education and technology. Their remittances and social links have long shaped the political warmth between the two countries, while improved consular services, labour welfare frameworks and easier travel arrangements remain important issues in bilateral engagement.
Modi’s Abu Dhabi visit also follows a sequence of symbolic gestures that have strengthened the public profile of the relationship. Sheikh Mohamed visited India in January this year, while senior members of Abu Dhabi and Dubai’s ruling families have taken part in major diplomatic and technology engagements. Modi’s 2024 visit to the UAE included the inauguration of the BAPS Hindu Mandir in Abu Dhabi, a project presented by both sides as a marker of tolerance and cultural connection.
Arabian Post Staff -Dubai Abu Dhabi’s Jassem Mohamed Bu Ataba Al Zaabi has moved from a largely behind-the-scenes fiscal role into the centre of global dealmaking, taking charge of L’IMAD Holding as the emirate reshapes its sovereign investment network and pushes deeper into infrastructure, technology, finance and strategic industries. Al Zaabi, long associated with the emirate’s Department of Finance and its investment oversight bodies, was named managing […]
Aldar Properties has bought a residential and community retail project in Dubai Studio City for AED1.1 billion, marking a fresh step in the Abu Dhabi developer’s push to expand its recurring income base in Dubai’s fast-growing rental market. The acquisition from private developer SRG will give Aldar a build-to-rent community scheduled for completion in 2028. The project is planned around 312 homes across six mid-rise buildings, supported […]
HANOI, VIETNAM – Media OutReach Newswire – 15 May 2026 – As part of the VinFast Global Business Conference held from May 4 to May 10, 2026, VinFast announced the signing of Memoranda of Understanding (MOUs) with 29 aftersales partners at the 2026 Global Business Conference. Organized by VinFast, the event marked the first time more than 200 investors and partners who have accompanied and will accompany VinFast across North America, Europe, the Middle East, India, Indonesia, the Philippines, and Kazakhstan have gathered together, representing another milestone in the company’s strategy to expand its global service network.
VinFast leaders and 29 after-sales partners at the Memorandum of Understanding signing ceremony held as part of the VinFast Global Business Conference.
Under the MOUs, international partners are expected to establish EV service workshops that meet VinFast’s global standards in their respective markets. VinFast will ensure uniform, high-quality service through globally-standardized technician training and certification programs, consistent operating procedures and quality control systems, as well as a parts supply network targeting delivery of common spare parts within 24 hours in key markets.
The new agreements are part of VinFast’s long-term strategy to develop a comprehensive EV ecosystem aligned with its international standards, covering aftersales services, charging infrastructure, and customer support. This expansion is expected to further accelerate the transition to electric mobility while ensuring VinFast customers receive support throughout the entire product lifecycle.
VinFast’s international strategy is built on the operational foundation and aftersales capabilities it has already proven in Vietnam. By the end of 2025, VinFast had developed nearly 400 service workshops nationwide, bringing its total global network to nearly 800 facilities.
Building on this foundation, VinFast aims to expand to more than 1,100 service workshops globally in 2026, spanning North America, Europe, the Middle East, and Asia. The network will be deployed through multiple models, including dealerships serving retail customers, fleet and transportation business clients, and third-party local service workshop partners.
At the same time, VinFast is implementing a range of customer support policies, including repair time commitments in Vietnam, replacement vehicle support in international markets, as well as battery inspection, software updates, and technical support throughout the ownership experience.
As part of the conference, international partners also visited VinFast’s manufacturing complex and the broader Vingroup ecosystem to gain deeper insights into VinFast’s production capabilities, operational scale, and global growth strategy.
Mr. Bui Viet Hung, Deputy CEO of Global Aftersales of VinFast, said: “Our goal is not simply to expand the network, but to build a customer-centric aftersales ecosystem that delivers an outstanding experience on a global scale. Through partnerships with experienced local operators and the application of VinFast’s global standards, we aim to provide aftersales services that are exceptional, responsive, and reliable. We also aspire to bring Vietnam’s five-star service culture and spirit of dedication to the world, creating a unique experience for international customers. That is VinFast’s long-term commitment to the transition to electric mobility.”
In addition to expanding its aftersales operations, VinFast continues to develop an integrated EV ecosystem that includes products, services, and charging infrastructure through partnerships with strategic partners such as V-Green and local charging infrastructure operators. Through this partner network, VinFast aims to develop a system of more than 1.5 million charging ports globally, helping expand access to charging infrastructure and deliver a seamless, convenient EV ownership experience for customers in international markets.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
About VinFast
VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle manufacturer with the mission of making electric mobility more accessible to everyone. VinFast’s current product portfolio includes a wide range of electric SUVs, electric motorcycles, electric bicycles, and electric buses.
VinFast is entering its next phase of growth by rapidly expanding its global distribution and dealer network while strengthening manufacturing capabilities, with a focus on key markets in North America, Europe, the Middle East, and Asia.
Arabian Post Staff -Dubai FUCHS Egypt Lubricants has appointed Dynamic Distribution Co. as its official distributor across Upper Egypt, marking a sharper push by the German-rooted lubricant group to deepen its access to workshops, fleet operators, agricultural users and industrial customers beyond the Cairo-centred supply chain. The partnership gives Dynamic Distribution responsibility for expanding the availability of FUCHS products in a region that includes major commercial corridors […]
Cape Town to host continent’s largest energy gathering as focus shifts from aspiration to execution
CAPE TOWN, SOUTH AFRICA – EQS Newswire – 14 May 2026 – The Africa Energy Forum (https://apo-opa.co/4ugdl9y) returns from 16-19 June 2026, bringing together the companies, investors and governments driving Africa’s move from energy access to industrial-scale infrastructure.
The companies gathering in Cape Town are deploying capital into transmission infrastructure, building mining corridors that will define trade routes for decades, financing baseload capacity that can power heavy industry, and developing renewable projects that will anchor Africa’s manufacturing future. Forum Sponsor Sun Africa leads a group of sponsors whose projects and investments are already shaping how the continent builds its industrial base.
“I am looking forward to joining the conversation in Cape Town this June. What excites me about this year’s Summit is the calibre of capital and commitment in the room — companies that are financing baseload capacity for heavy industry, building mining corridors that will define trade routes for decades, and deploying renewable projects that will anchor Africa’s manufacturing future. That is the kind of long-term, structural thinking that Sun Africa has always believed this continent deserves, and it is exactly the conversation we need to be having.” Sun Africa, CEO, Adam Cortese.
ACWA Power, Infinity Power and AMEA Power are building gigawatt-scale renewable capacity across the continent. Globeleq and TotalEnergies are financing and operating projects that demonstrate how private capital can deliver industrial-grade infrastructure. British International Investment and IFC are structuring deals that blend concessional and commercial finance to unlock sovereign wealth fund participation. Nedbank CIB is providing the sustainable finance structures that allow projects to reach financial close.
“As Africa moves from aspiration to execution, this year’s agenda focuses on the hardware of industrialisation – the steel, concrete and transmission lines that will define Africa’s industrial future,” said Simon Gosling, Managing Director of EnergyNet.
The companies driving this shift face common challenges: structuring bankable projects where perceived risk exceeds actual performance, moving critical minerals from extraction to processing, building transmission corridors that serve both mines and cities, and deploying patient capital into long-term infrastructure.
Cape Town provides the right setting. South Africa is navigating private transmission investment, energy trading, mining-driven renewable deployment, and tensions between industrial growth and climate commitments – challenges the rest of the continent will face. The city’s reforms offer a live case study.
The agenda reflects where these companies are focusing their resources. Critical minerals receive a two-day dedicated stream exploring downstream processing, transport corridors and value capture from reserves representing over 30% of global supply. Sessions examine the Lobito Corridor, Liberty Corridor and Simandou infrastructure as models for large-scale project finance.
Transmission and baseload themes address grid expansion, private investment structures and 24/7 availability for data centres and manufacturing. Energy trading sessions explore how sponsors are transforming project finance through creditworthy off-take, whole technology discussions will cover AI for revenue protection, data centre supply chains and CBAM compliance.
More broadly, the forum structure supports deal-making. The speaker programme includes closed-door roundtables bringing together DFIs, sovereign wealth funds, Middle East ministers, utilities, regulators and the private sector for frank discussions on capital deployment.
This will bring together senior public and private sector leadership, with notable speakers including H.E. Honourable Dr. Kgosientsho Ramokgopa, Minister of Electricity & Energy, South Africa; H.E. Honourable Samantha Graham-Marè, Deputy Minister of Electricity & Energy, South Africa; Dan Marokane, GCE, Eskom, South Africa; H.E. Honourable Jeremiah Kpan Koung, Vice President, Liberia; H.E. Honourable Dr. Kgosientsho Ramokgopa, Minister of Electricity & Energy, South Africa; H.E. Honourable Lerato Mataboge, African Union Commissioner for Infrastructure and Energy; Precious Edward, Head, IPP Office, South Africa; Obaïd Amrane, CEO, Ithmar Capital, Morocco, Chair, Africa Sovereign Investors Forum (ASIF) & Chair, International Forum of Sovereign Wealth Funds (IFSWF); Mike Teke, Group CEO, Seriti Resources; and Jonathan Hoffman, CEO, Globeleq.
Regional fireside chats, meanwhile, will spotlight opportunities across North, East, South and West Africa. Day One features ministerial sessions with participation from Sierra Leone’s Ministry of Energy and The Gambia’s Ministry of Environment, Climate Change & Natural Resources.
Additional sponsors driving the programme include AKSA as Exhibitor Sponsor, with lead sponsor support from Synergy Consulting, ATIDI, Engie, European Investment Bank, Standard Bank, Red Rocket, USP&E Global and Sungrow.
On the final day, YES! (Youth Energy Summit) takes place as part of the aef stream under the theme ‘Empowering Today’s Entrepreneurs – Building Tomorrow’s Industrialists’. Here, impact leaders will present scalable initiatives creating entrepreneurship opportunities in Africa’s energy sector, while industry partners lead interactive workshops building practical skills for 600 young people in attendance.
Distributed by APO Group on behalf of EnergyNet Ltd..
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 May 2026 – Kenanga Futures Sdn Bhd (“Kenanga Futures“) is proud to launch its inaugural 2026 campaign, “Shining in Global Futures,” running until 31 July 2026. More than just a campaign, this initiative calls on the new-gens of investors to broaden their access to global derivatives markets through selected Chicago Mercantile Exchange (“CME“) futures products with lower entry barriers and enhanced learning support.
Azila Abdul Aziz, Chief Executive Officer/ Executive Director and Head of Listed Derivatives, Kenanga Futures Sdn Bhd
Powered by interactive tools, strategic insights and guided learning, “Shining in Global Futures” equips participants with practical tools, market insights and guided learning to better understand and navigate global futures trading. Aligned with Kenanga Futures’ motto of “Building a Smart Derivatives Trading Community”, the campaign combines education, risk awareness and seamless market access to promote confident and responsible engagement in CME-listed derivatives.
“As global markets become increasingly dynamic, navigating volatility requires more than just access, it demands insights, discipline, and confidence. Against this backdrop, ‘Shining in Global Futures’, aims to make global futures markets more accessible while equipping traders with the K-Economy they need to manage risk and participate more effectively in,” said Azila Abdul Aziz, Chief Executive Officer/ Executive Director and Head of Listed Derivatives of Kenanga Futures.
To encourage broader participation, account opening fees during the campaign period are reduced to a nominal RM10, significantly lowering the barrier of entry for newcomers to capitalise on the current market landscape. Participants will also stand a chance to win prizes with a total value of up to RM20,000 across all winners.
The first 20 participants with successful account openings who trade a minimum of 30 CME products will be entitled to RM500 Poh Kong Gold cash vouchers, while the top three traders with the highest trading volumes exceeding 100 CME contracts will be rewarded with a cumulative total of RM9,000 worth of Poh Kong Gold cash vouchers.
In addition, the campaign introduces a virtual trading challenge conducted on the enhanced Kenanga Futures Virtual Trading platform (“KFVT“), which allows participants to experience real‑time market conditions and compete for rewards without incurring actual trading risk. Designed with accessibility in mind, KFVT also provides a practical and engaging entry point for new traders to gain hands‑on exposure, test strategies, and build confidence in navigating global markets. As part of this challenge, the top 10 participants who achieve the highest simulated profits will receive RM100 e‑shopping vouchers.
Looking ahead, Kenanga Futures plans to expand this initiative over the next year with the inclusion of advanced modules, collaborative learning opportunities and partnerships with industry leaders, as it continues its commitment to creating a thriving community of informed, confident and future-ready traders. Visit https://www.kenangafutures.com.my/shining-in-global-futures/ to start your trading journey today.
-Terms and conditions apply.
Hashtag: #KenangaFutures
The issuer is solely responsible for the content of this announcement.
KENANGA FUTURES SDN BHD
Kenanga Futures Sdn Bhd is an award-winning Malaysian listed derivatives broker regulated under the Securities Commission Malaysia and Bursa Malaysia Berhad. The company offers clients electronic market access to trade listed products on Bursa Malaysia Derivatives and CME Group. Apart from being a direct member of Bursa Malaysia Derivatives Berhad and the clearinghouse, the company is also a registered broker with the U.S. CFTC and was granted exemption relief pursuant to Commission Regulation 30.10 which enables the company to paper directly with entities in the U.S. On the domestic front, the company has an extensive network with 16 branches nationwide licensed to trade listed derivatives.
Clients can access both U.S. and Malaysian listed derivatives on a single trading platform via the company’s trademarked real-time customised online trading solution, KDF TradeActive™. KDF TradeActive™ is available on both desktop and mobile devices, giving clients easy access to real-time market data and flexibility to trade on-the-go.
This Press Release was issued by Kenanga Group’s Marketing, Communications & Sustainability Department.
Arabian Post Staff -Dubai Nisus Finance Services Co Limited has announced a strategic push into the UAE construction market through New Consolidated Construction Company Limited, positioning the newly acquired contractor as a regional platform for infrastructure, real estate and specialised asset delivery across the Gulf. The move brings NCCCL into one of the region’s busiest project markets, where construction, transport, utilities, housing and technology-led infrastructure continue to […]
BYD is exploring talks with Stellantis and other European carmakers over underused plants, marking a potentially significant step in the Chinese group’s push to localise electric vehicle production in one of the world’s most contested auto markets. The discussions, disclosed by BYD executive vice-president Stella Li, include possible deals for factories in countries such as Italy, where established manufacturers are grappling with weak demand, high production costs […]
BANGKOK, THAILAND – Media OutReach Newswire – 13 May 2026 – ONYX Hospitality Group, a leading hospitality management company in Asia-Pacific, has unveiled its growth strategy as it celebrates its 60th anniversary. With a portfolio spanning hotels, resorts, serviced apartments, luxury residences, as well as dining and spa offerings, the Group is targeting total revenue of THB 10.33 billion in 2026, representing a 14% year-on-year increase. It also plans to expand its portfolio to more than 75 properties by 2030, underscoring its sustained growth momentum and strengthening its position across the Asia Pacific region. This expansion will be supported by a planned investment of THB 5.5 billion over the next three years, primarily focused on enhancing and upgrading existing properties.
Over the past six decades, ONYX Hospitality Group has grown from managing a single hotel in Thailand into a regional hospitality company with a multi-brand portfolio including Amari, OZO, Shama and Oriental Residence. Each brand has a clearly defined identity and market position, enabling the Group to meet the evolving needs of modern travellers across a range of segments.
Today, ONYX manages 49 properties and remains on track to expand its portfolio to more than 75 properties across Asia Pacific through a disciplined and sustainable growth strategy.
Yuthachai Charanachitta, Chief Executive Officer of ONYX Hospitality Group, said: “Over the past six decades, ONYX Hospitality Group has built a strong foundation of expertise and experience, growing from the management of a single hotel in Thailand into a regional hospitality player with an expanding presence across Asia Pacific, continuously earning the trust and confidence of both partners and customers.
This growth has been driven by a strong Thai foundation, combined with a global outlook and a strategic focus on regional markets, which have consistently served as the key pillars underpinning the Group’s development.
As we celebrate our 60th anniversary, we see this milestone not merely as a reflection of our past achievements, but as the beginning of our next phase of growth. Looking ahead, we remain committed to expanding our regional footprint, strengthening our brands, and creating long-term value for our partners, investors and customers, while continuing to develop the organisation in a balanced and sustainable manner. At the same time, we are dedicated to playing an active role in elevating service standards and supporting the long-term advancement of Thailand’s hospitality industry.”
Accelerating Expansion to Support Long-term Growth
ONYX Hospitality Group continues to expand its presence across Asia Pacific under its vision of becoming ‘The Best Medium-sized Hospitality Management Company in Asia Pacific’.
In 2026, the Group is set to launch several new projects, including Shama Sukhumvit 101 Bangkok, Shama Medini, and Y Hotel Nanshan Shenzhen Inspired by OZO, reinforcing its strategic expansion across the serviced apartment and lifestyle hospitality segments in key regional gateway cities.
At the same time, the Group continues to advance a strong future development pipeline, including Shama Rayong, EQ Phuket, Shama Hub Ladprao Bangkok, Shama North Pattaya, and the luxury development Amari Resort & Villas, Samui, alongside a major transformation of Amari Phuket aimed at revitalising the property and elevating the guest experience.
By 2030, ONYX aims to expand its portfolio from 49 properties to more than 75, with a focus on quality growth through long-term partnerships and a tailored approach to hospitality that reflects the needs of each market.
In addition to regional expansion, ONYX Hospitality Group is driving growth through effective asset management and investment strategies, with ONYX RT serving as another key growth engine. Supported by lower interest rates, recovering investor confidence, and the return of more than 35 million international travellers, the Group expects its core assets — including Amari Bangkok, OZO Samui, and OZO Phuket— to further enhance portfolio value, with a targeted valuation of more than THB 4 billion.
Strengthening Brand Positioning Across the Portfolio
As part of its 60th anniversary, ONYX Hospitality Group is advancing its overall brand development through its long-term strategic framework, “ONYX Universe”, which has been designed to support future growth across all dimensions of the business. The framework covers talent development, technology, sustainability, brand strength, marketing and revenue efficiency, customer engagement, food and beverage, and asset management to drive long-term returns. It will serve as a key foundation for enhancing the Group’s regional competitiveness while responding to the evolving needs of travellers and residents.
ONYX has also refined the positioning of its four core brands to strengthen differentiation and align more clearly with current market demand:
Amari has been repositioned in the upper-upscale segment, offering Thai hospitality enriched by local insight and the distinctive character of each destination.
OZO has evolved into an upper-midscale lifestyle hotel brand with enhanced service, designed for modern travellers who expect a seamless stay with the right essentials and a touch of elevated comfort.
Shama continues to focus on serviced apartment living, fostering vibrant communities while delivering Joy of Living through thoughtfully designed experiences that combine comfort, quality, and meaningful lifestyle for both short- and long-term stays.
Oriental Residence has been elevated to a more refined expression of luxury, where elegance is understated, privacy is paramount, and every detail is thoughtfully personalised.
This brand evolution reflects ONYX Hospitality Group’s commitment to creating clearer differentiation in support of long-term business growth.
Driving Sustainable Growth Through Regional Expansion and Brand Strength
Built on a 60-year legacy, ONYX Hospitality Group remains committed to growth through regional expansion, brand enhancement and continued organisational development. Anchored in its Thai roots and global outlook, the Group continues to place regional growth at the heart of its strategy as it works towards becoming the best medium-sized hospitality management company in Asia- Pacific, while delivering sustainable value to all stakeholders. Hashtag: #ONYXHospitalityGroup #HospitalityIndustry #AsiaPacificTravel
The issuer is solely responsible for the content of this announcement.
About ONYX Hospitality Group
ONYX Hospitality Group, a reputable force in Asia Pacific’s hospitality industry, operates a collection of comprehensive yet complementary brands – Amari, OZO, Shama and Oriental Residence – catering to the distinctive needs of discerning business and leisure travellers in Southeast Asia where their expertise lies. In addition to its brand portfolio, ONYX Hospitality Group also operates additional hospitality services across spa and food and beverage. With over six decades of management experience, the company extends its innovative solutions throughout the region, upholding internationally recognised standards and ensuring optimal operational manoeuvrability. By fostering enduring relationships with like-minded business partners, ONYX Hospitality Group delivers unparalleled experiences in a dynamic and competitive market, meeting the ever-evolving demands of travellers.
World-First Innovations Showcase Hong Kong’s Thriving Life and Health Tech Ecosystem from Bench to Bedside
HONG KONG SAR – Media OutReach Newswire – 12 May 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP) joined alongside 38 Park companies in the two flagship events of the 5th International Healthcare Week — the Hong Kong International Medical and Healthcare Fair (“Medical Fair”) and the Asia Summit on Global Health (“ASGH”), held from 11 – 13 May. Showcasing at these premier medical innovation and technology (I&T) events, HKSTP is demonstrating its pivotal role in nurturing and supporting the growth of biotechnology enterprises. During ASGH, HKSTP also hosted a dedicated investor pitch session, providing Park companies with an exclusive stage to connect directly with global capital and pursue fundraising opportunities.
HKSTP joined Medical Fair and Asia Summit on Global Health with 38 Park companies, comprehensively demonstrating the diverse strengths of Hong Kong’s life and health technology sector as it progresses from R&D to commercial application.
Over 30 Market-Ready Solutions across Four Key Industry Focus
On the opening day of the Medical Fair, the HKSTP pavilion drew numerous industry professionals, investors and professional buyers, who gathered to explore Hong Kong’s latest I&T achievements and actively discuss collaboration opportunities. Participating companies span four critical areas — health monitoring, surgical assistance, precision medicine, rehabilitation training — comprehensively demonstrating the diverse strengths of Hong Kong’s life and health technology sector as it progresses from research and development (R&D) to commercial application.
Mr Terry Wong, CEO of HKSTP, said: “HKSTP has always been a steadfast partner to tech ventures, building a vibrant and well-established ecosystem for biotech companies ranging from start-ups with early-stage innovation to experienced innovators with market-ready solutions. To meet their diverse needs, we offer end-to-end support from R&D to clinical applications, including lab facilities, funding connections and market expansion. Our presence at this event fully reflects the innovative vitality and strength of Hong Kong’s life and health tech ecosystem. We hope to showcase Hong Kong’s cutting-edge medical R&D achievements to the international community, while delivering a clear message: Hong Kong is not only a top-tier scientific research base, but also the strongest springboard for technology enterprises to go global. By uniting forces across all sectors, we will further solidify Hong Kong’s leadership as an international health tech hub.”
Park company Highlights:
Endovision offers an intestinal endoscopic imaging system that leverages AI and real-time imaging to assist physicians in conducting more precise examinations. The solution has already obtained EU Medical Device Regulation (MDR) certification.
Mirror Caring presents SyncKnee, a smart wearable solution integrating flexible sensors, embedded systems and AI analytics to deliver real-time monitoring of knee joint health and data-driven insights.
Voice Empowerment Technology features a customised “AI Voice Reconstruction Tool” designed to enhance the efficiency of speech therapy services, offering breakthrough communication support for patients with aphasia and speech disorders.
“World-First” Cutting-Edge Medical Technologies Take Centre Stage
This year, HKSTP has also set up a dedicated exhibition zone at the Asia Summit on Global Health (ASGH), spotlighting a range of groundbreaking biomedical solutions, including several “world-first” innovations:
Agilis Robotics: The world’s first robotic-assisted “En Bloc Transurethral Resection of Bladder Tumour”, achieving precise tumour resection margins and offering a minimally invasive surgical option with faster recovery for early-stage cancer patients.
GenEditBio: The world’s first in vivo genome editing therapy (often referred to as “DNA surgery”) targeting corneal dystrophy, with Phase I clinical trials expected to commence this year, aiming to improve patients’ quality of life.
Meta Pharmaceuticals: The world’s first oral inhibitor for treating autoimmune diseases such as inflammatory bowel disease and multiple sclerosis, enhancing medication convenience and delivering safer, more effective anti-inflammatory therapy.
Dedicated Investor Pitch Session: Connecting Global Capital to Accelerate Enterprise Growth
For early-stage biotech companies, funding is crucial to sustaining research and achieving breakthroughs. To this end, HKSTP is fulfilling its role as a “super-connector” by hosting the “Life and Health Technology Innovation Pitch” at ASGH, to bridge between Park companies and the global market and deepen international partnerships.
HKSTP hosted the “Life and Health Technology Innovation Pitch” session, providing Park companies with an exclusive stage to connect directly with 12 global investors and pursue fundraising opportunities.
The pitch session bought together 12 leading global investors from the UK, the US, Singapore, Canada and beyond, creating a top-tier platform for fundraising and business matching, and accelerating the translation of life and health tech innovations. Ten Park companies with breakthrough technologies took the stage to attract international capital, further showcase their innovative solutions and advance to the next stage of growth and global expansion.
Event Details: Hong Kong International Medical and Healthcare Fair (Medical Fair) Date: 11–13 May 2026 Venue: Hong Kong Convention and Exhibition Centre, Hall 3DE HKSTP Booth: 3E-E06
Asia Summit on Global Health (ASGH) Date: 11–12 May 2026 Venue: Hong Kong Convention and Exhibition Centre, Hall 3FG HKSTP Booth: 3F-A11 Hashtag: #HKSTP
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About Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 17,000 research professionals and over 2,500 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.
Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.
Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.
Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.
More information about HKSTP is available at www.hkstp.org.
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