A new open-source version of the beloved mobile game Flappy Bird has emerged, enabling players to enjoy the classic experience while also allowing developers to customize and modify the game as they wish. This unofficial clone, boasting a compact size of approximately 100 KB, revives the iconic gameplay that captivated millions when it first launched. As enthusiasts explore this clone, it opens the door for creative development […]
BANGKOK, THAILAND – Media OutReach Newswire – 27 September 2024 – The Ministry of Higher Education, Science, Research, and Innovation (MHESI), through the National Innovation Agency (NIA), along with five partners from both the public and private sectors: Program Management Unit for Competitiveness (PMUC), the Royal Thai Embassy Stockholm, Techsauce, and the Thai Startup Association (TSA), co-hosted the launch of the “The Scaleup Impact! Thailand – Sweden […]
The United Arab Emirates has secured its position as the top-ranking country in North Africa and Western Asia in the World Intellectual Property Organization’s (WIPO) 2024 Global Innovation Index (GII), underscoring its growing influence in innovation, technology, and intellectual property rights. The GII report highlights the UAE’s continued success in fostering an innovation-friendly ecosystem, advancing its regional leadership in a competitive global landscape. The country’s rise in […]
Oil markets have experienced an unusual shift, with algorithmic trading exerting increasing influence on prices. What has been seen as a continuous slide in crude oil prices appears to be linked more to advanced trading programs than traditional market fundamentals. This shift highlights the growing dominance of algorithm-driven strategies, leaving oil increasingly vulnerable to swings driven by computer models rather than supply and demand factors alone. The […]
Citi has joined forces with Apollo Global Management and Mubadala Investment Company to establish a $25 billion private credit program aimed at seizing opportunities in the rapidly growing direct lending market. This collaboration underscores the increasing significance of private credit in the current financial landscape, as institutional investors look for alternative ways to deploy capital while banks face stricter regulatory constraints on traditional lending.
The initiative is designed to target mid-to-large scale borrowers, focusing on private equity-backed companies that require non-bank financing solutions. As bank lending becomes more restrictive, particularly for higher-risk borrowers, private credit is becoming a preferred route for companies seeking more flexible funding options. The partners are expected to capitalize on this shifting environment, particularly in sectors such as healthcare, technology, and infrastructure, which are increasingly in need of substantial financial backing.
Apollo Global Management, known for its robust expertise in alternative assets, will manage the program, leveraging its well-established private credit platform. Citi, one of the largest financial institutions globally, will act as a strategic partner, providing financing and other related services. Mubadala, a sovereign wealth fund from Abu Dhabi, brings significant capital and a track record of successful global investments, making it a key player in the collaboration.
The trio’s strategic partnership highlights how private markets are becoming more prominent in financing both large-scale deals and middle-market companies. With Citi and Mubadala’s backing, Apollo expects to drive further growth in its private credit business, which has already gained considerable traction in recent years. This deal also reflects how sovereign wealth funds like Mubadala are increasingly turning toward alternative asset classes, including private debt, to diversify their portfolios and achieve higher returns.
Market experts anticipate that the $25 billion program will play a critical role in the direct lending space, helping fill the void left by banks that have scaled back lending due to tighter regulations and capital requirements. The alliance is likely to pave the way for other large institutional investors to consider similar moves, further expanding the private credit market, which has already grown to over $1.5 trillion globally.
Analysts point out that this development reflects broader trends within the financial industry, where the traditional boundaries between banks and asset managers are becoming blurred. By teaming up with Apollo and Mubadala, Citi is effectively expanding its footprint in the private credit space, positioning itself to serve clients who increasingly prefer direct lending to traditional loans.
For Apollo, this partnership is another milestone in its strategy to build out a comprehensive private credit platform. With a combination of Mubadala’s capital strength and Citi’s global reach, Apollo’s credit arm will be better positioned to capture opportunities across multiple geographies and sectors, offering tailored financing solutions that meet the evolving needs of borrowers.
Mubadala, on the other hand, will benefit from the high returns and relatively lower volatility associated with private credit. By entering into this partnership, Mubadala continues to diversify its portfolio, reinforcing its commitment to long-term investments that deliver stable cash flows.
This program also represents a growing trend where large financial institutions and sovereign wealth funds are teaming up with specialized asset managers to tap into high-growth sectors. While the primary focus is on direct lending, it is likely that this partnership will evolve to encompass other forms of private credit over time, including mezzanine financing and asset-based lending.
By aligning their goals, Citi, Apollo, and Mubadala are setting the stage for a new era in private credit. The size and scope of the program suggest that the three partners are prepared to take on large-scale transactions that could reshape the private credit landscape, attracting more investors to this asset class.
Through a combination of technological innovation and a commitment to social responsibility, Vingroup is setting new standards for corporate sustainability in Southeast Asia. HANOI, VIETNAM – Media OutReach Newswire – 27 September 2024 – The role of big corporations in the shift to a sustainable future is a topic widely discussed by many. Vingroup is demonstrating how large corporations can play a pivotal role in creating a […]
New service expands comprehensive care options, delivering personalised nursing care in the comfort of their homes HONG KONG SAR – Media OutReach Newswire – 26 September 2024 – As Hong Kong faces an ageing population, the need for accessible, in-home care has never been more urgent. In response, Quality HealthCare Medical Services Limited (QHMS), one of the private healthcare providers with over 150 years of history, is […]
LOS ANGELES, US – Media OutReach Newswire – 26 September 2024 – Vingroup has officially signed a memorandum of understanding (MOU) with renowned entertainment industry leaders, Warner Music Group and Indochina Productions. This collaboration paves the way for Vietnam to host world-class music stars, while simultaneously elevating the country’s tourism and cultural image to a global audience of hundreds of millions. These strategic partnerships were formalized within […]
The Twitter account associated with OpenAI’s news team was compromised and utilized to promote a fraudulent website claiming to distribute a fictitious cryptocurrency called $OPENAI. Messages from the hacked account falsely assured users that they could claim part of the token’s initial supply and gain access to future beta programs. Clicking on the provided link directed individuals to a malicious site that requested users to connect their […]
Building on their successful collaboration at Dusit Princess Kathmandu hotel, both companies aim to introduce more Dusit brands and businesses in Nepal – and throughout the region. BANGKOK, THAILAND – Media OutReach Newswire – 26 September 2024 – Dusit International, one of Thailand’s leading hotel and property development companies, has signed a strategic partnership agreement with Paljor Global Corp Private Limited, a leading Nepalese investment firm and […]
By Dr. Gyan Pathak September 25, 2024, is the tenth birth anniversary of Make in India. It was launched on September 25, 2014. PM Narendra Modi government has tried its best to promote ease of business in the country, but finding the scheme not getting desired momentum, it decriminalized 183 provisions in 2023, in the […]Symbiosis International (Deemed University), one of India’s most esteemed academic institutions, has successfully launched its first international campus in Dubai, officially licensed by the UAE Ministry of Education (MOE) and Knowledge and Human Development Authority (KHDA).
All the academic programmes are accredited by the Commission for Academic Accreditation under the Ministry of Education UAE.
With over 50 years of academic excellence and a legacy rooted in global education, Symbiosis is bringing world-class education to the UAE, strengthening bilateral ties between India and the UAE.
With its Vedic principle, Vasudhaiva Kutumbakam—’The’World is One’Family’—Symbiosis has bridged global cultures and promoted inclusive education. Now, with the Dubai campus already in operation after officially commencing classes in the first week of September, Symbiosis is ready to make its mark on one of the world’s most dynamic cities.
The academic programmes include BBA in Accounting and Finance; MBA, BCA in AI and ML, Cloud Computing, Data Science and Data Analytics; BA in Media and Communication with Digital marketing, Public Relations, Advertising and Corporate communications.
Symbiosis’ establishment in Dubai strengthens the partnership between India and the UAE, contributing to both nations’ strategic goals. The move aligns with the UAE’s D33 Economic Agenda, which focuses on doubling the economy by 2033, with a strong emphasis on education and talent development. It also reinforces the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE, promoting educational and economic ties.
Singaporeans identify mental health as an important facet of holistic wellness and the lack of resources or support for mental wellness in Singapore is a nod to it being a key priority on the government’s national agenda and an opportunity for companies to do more. SINGAPORE – Media OutReach Newswire – 26 September 2024 – AIA Singapore today unveiled findings of the AIA Live Better Study 2024[1] […]
Sinopec, one of China’s leading oil and gas companies, has embarked on a comprehensive strategy aimed at reducing its carbon footprint while enhancing operational efficiency through innovation and collaboration with educational institutions. This initiative aligns with China’s broader goals of achieving carbon neutrality by 2060, marking a pivotal shift in the energy sector towards sustainability. The company’s low-carbon roadmap emphasizes several key initiatives designed to integrate advanced […]
Practices in Sustainable Development Highlighted and Pioneers Commended HONG KONG SAR – Media OutReach Newswire – 25 September 2024 – Founded by the Institute of ESG & Benchmark (IESGB) and co-organised by the Institute of Financial Technologists of Asia (IFTA), the ESG Achievement Awards 2023/2024 (Awards) held its Presentation Ceremony cum Luncheon at the JW Marriott Hotel Hong Kong today. Continuously supported by the ESG Data Partner […]
Uber has announced a strategic partnership with WeRide, a self-driving technology company based in China, to introduce autonomous vehicles to Abu Dhabi. This collaboration is expected to roll out later this year, marking a significant step forward in autonomous mobility in the region. Under the deal, a fleet of WeRide’s robotaxis will be made available through the Uber app, initially serving specific areas in the UAE capital.
The pilot program will target key locations in Abu Dhabi, such as Yas Island and Saadiyat Island, with expansion plans on the horizon. Passengers will have the option to select a self-driving vehicle for their trips when available, offering a futuristic alternative to traditional rideshare options. Uber’s CEO, Dara Khosrowshahi, emphasized that this initiative aligns with the company’s vision of a future where transportation is electric, shared, and autonomous.
WeRide, founded in 2017 and headquartered in Guangzhou, has been rapidly advancing in the autonomous driving industry. Its technology, known for its reliability and scalability, is already operational in several cities in China, where the company conducts various pilot programs. By partnering with Uber, WeRide aims to gain a foothold in the Middle Eastern market, building on its experience in deploying robotaxis in urban settings.
World’s Biggest Book Sale Returns with Unbeatable Prices, Exciting Promotions, and Fun Contest from 26 September to 7 October 2024 at Sutera Mall JOHOR BAHRU, MALAYSIA – Media OutReach Newswire – 25 September 2024 – Big Bad Wolf (BBW) announces its return to Johor with the Big Bad Wolf Book Sale Johor 2024. Known for offering an extensive range of books at incredible discounts, BBW Johor 2024 […]
Bybit, one of the top cryptocurrency exchanges in the world, has launched a new initiative aimed at training emerging talent in the crypto space. The program, called the BUIDL Apprenticeship, is designed for aspiring marketers eager to break into the fast-evolving cryptocurrency industry. Bybit is specifically targeting the next generation of crypto marketers to foster innovation and diversity in its marketing efforts. The BUIDL Apprenticeship is set […]
Commercial Bank of Qatar has achieved a significant milestone in sustainable finance by issuing its largest green bond, valued at 200 million Swiss francs (approximately $220 million). This issuance reflects the growing commitment to environmental sustainability in the Middle East, positioning Qatar as a key player in the global green finance market. The bond will not only enhance the bank’s capital structure but also contribute to financing […]
A surge in institutional interest is significantly advancing cryptocurrency adoption in the United Arab Emirates, positioning the region as a pivotal player in the global digital assets market. Major financial institutions, including banks and investment firms, are increasingly embracing blockchain technology and digital currencies, which is reshaping the traditional financial landscape. The UAE government has long fostered a progressive regulatory framework aimed at enhancing financial innovation, making […]
HONG KONG SAR – Media OutReach Newswire – 25 September 2024 – In the first half of 2024, Luxshare Precision, a key global technology manufacturer, has earned the trust of its international clients, some of which are the world’s most prominent technology giants, like Apple, Amazon, Dell, and Lenovo. During the past half year, Luxshare Precision has achieved remarkable recognition by various authorities, reflecting its commitment to […]
Partnership with Youth Corps Singapore expands service-learning expeditions to more underserved communities in Asia, creating a new wave of youth leaders and deepening social impact. SINGAPORE – Media OutReach Newswire – 25 September 2024 – Emaan Catalyst Community Ltd (ECC), a Singapore-based foundation, is making a transformative impact by expanding its overseas service-learning (SL) program, aimed at empowering Singaporean youth and supporting underserved communities. This expansion is […]
DUBAI, UAE – Media OutReach Newswire – 24 September 2024 – AstraZeneca, a global leader in the pharmaceutical and biotechnology sector, has been recognized with three prestigious workplace certifications across its operations in North Africa and the Levant. The company has been certified as a Best Place to Work, Best Place to Work for Women, and Best Place to Work for Millennials, reinforcing its commitment to creating […]
Hong Kong is advancing its digital currency initiative, with the Hong Kong Monetary Authority (HKMA) announcing the launch of phase two in the e-HKD pilot program. This central bank digital currency (CBDC) initiative is designed to explore the future of financial transactions through tokenization, programmability, and offline payments. Following the completion of the first phase, which focused on evaluating foundational aspects of digital currencies, the second phase […]
