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Development programme creates opportunities in a volatile economy   HONG KONG, CHINA – Media OutReach – 10 June 2020 – Start-up Express, an entrepreneurship development programme organised by the Hong Kong Trade Development Council (HKTDC), has returned for its third edition. The pitching contest under the programme successfully concluded today as a judging panel selected exceptional start-ups to participate in local and international activities to build connections, explore markets, […]

SINGAPORE – Media OutReach – 10 June 2020 – Awfully Chocolate continues to uplift national morale as it prepares for a new wave of orders coinciding with Father’s Day in Singapore. This comes at a time when COVID-19 measures gradually ease, allowing food and beverage establishments to slowly bring life back to their physical stores. Despite having 14 stores across the country, Awfully Chocolate’s strong e-commerce presence will play a […]

Accredited Coach Training Program (“ACTP”) provides aspiring coaches with a streamlined pathway for professional certification by the International Coach Federation   SINGAPORE – Media OutReach – 10 June 2020 – Collective Change Institute (CCI) announced today that it has launched the Complete Coach Development Program (CCD), an Accredited Coach Training Program (ACTP) approved by the International Coach Federation (ICF). The CCD program offers students a streamlined route to obtaining their professional […]

KUALA LUMPUR, MALAYSIA – Media OutReach – 10 June 2020 – Secondlifeasia, a game-changer in the Apple device repair and maintenance sector today announced it is geared to launch its first round of funding this year via PitchIN (Pitch Platforms Sdn Bhd) . Founded in February 2018, the company boasts exclusivity by being the only player that possesses an Apple diagnostic app to analyse 34 critical points on your […]

Accelerates Digital Transformation by Simplifying Business Processes Through Unifying Organization Data   SINGAPORE – Media OutReach – 10 June 2020 – Fuji Xerox Asia Pacific announced today its partnership with M-Files, a global leader in Intelligent Information Management (IIM), unveiling a new digital business solution for companies in the Asia-Pacific (APAC) region that features automated workflows together with intuitive information management and compliance support that is deployable in the cloud, […]

ZUG, SWITZERLAND – Media OutReach – 10 June 2020 – Recent years have seen countries continuously research and explore new information technologies such as big data, blockchain, and artificial intelligence. However, marketing and integration of these have become a problem in many countries. International institution Cordata Academy (International Blockchain Lab) is a non-profit subsidiary of Cordata Association that’s committed to exploring these new technologies (big data, blockchain and artificial […]

Atradius Payment Practices Barometer highlights importance of risk management to Asian businesses   HONG KONG, CHINA – Media OutReach – 10 June 2020 – As global recession looms, Asian businesses tighten their credit management processes in a bid to minimise bad debt risks.   COVID-19 containment measures around the world have impacted both national and international supply chains and trade. Responses to the 2020 Atradius Payment Practices Barometer (PPB) survey […]

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Government policies on climate change and consumer demand could see the number of electric cars reach 100 million by start of next decade compared with seven million today. China is the world’s largest market for electric vehicles in total, accounting for around 45%, while a quarter (24%) are in Europe and 22% in the US. In Asia – China, Japan and India to drive future sales. New […]

Physical classrooms across Asia, like this Japanese High School, were recreated online during the onset of COVID-19   SINGAPORE – Media OutReach – 9 June 2020 – Since the onset of the pandemic early this year, education ministries across Asia have pushed for mass migrations online, with the help of  Microsoft Teams, Office 365 and Microsoft Azure, enabling millions of students to continue to learn from home. Beyond ensuring lesson […]

SINGAPORE – Media OutReach – 8 June 2020 – Singapore Ed-Tech company Tenopy has inked an MOU with AMKFSC Community Services Ltd. (AMKFSC), providing Mathematics, English and Science online tutoring classes and contents to AMKFSC’s students from disadvantaged backgrounds, to help them continue studies amidst the continued COVID-19 upheaval.   Tenopy, the leading Ed-Tech company in Singapore specialising in live online tutoring classes, will provide a group of students […]

Rhenus opens a new mega warehouse in India, bringing its total warehousing space across the country to 1.9 million square feet.   SINGAPORE – Media OutReach – 8 June 2020 – Leading global logistics service provider Rhenus Logistics has opened a new Mega Warehouse at Gurugram, near the Delhi NCR region in North India. The 350,000 square feet state-of-the-art facility will enable Rhenus to provide more scalable storage options and […]

HONG KONG, CHINA – Media OutReach – 8 June 2020 – Today, AsiaPac Net Media Limited and AdTech Innovation Limited — agencies under AsiaPac Group leading Asia’s digital marketing with self-developed AI tools and big data — received Criteo Partner status in APAC covering Hong Kong, China, Taiwan, Thailand, Singapore and Malaysia markets. Criteo Partners is a global partnership program launched by Criteo, the global technology company powering the […]

Emirates Airline reported a 21 percent jump in profit to US$288 million (Dh1.1 billion) in 2019-2020 financial year ending March 31, 2020, compared to $245 million (Dh900 million) reported in 2018-19 financial year, despite the effects of Covid-19 that grounded its fleet in the 12th month of the reporting period. The airline reported strong profit growth despite a 6 percent decline in revenue to $25.1 billion (Dh92 billion), […]

By James M. Dorsey A decision by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers like Russia to temporarily end a price war and cut production amounts to a time-out rather than an end to what is likely to erupt at some point in the future as a tripartite war. More immediately, the decision averts a significant deterioration in relations between the United States and […]

Arabian Post Staff The International Air Transport Association (IATA) sees 2020 global revenue losses for the passenger business of between $63 billion (in a scenario where COVID-19 is contained in current markets with over 100 cases as of 2 March) and $113 billion (in a scenario with a broader spreading of COVID-19). No estimates are yet available for the impact on cargo operations. IATA’s previous analysis (issued […]

By Matein Khalid The US dollar is the traditional safe haven currency during times of geopolitical or financial stress even when the cause of a risk aversion spasm is ultimately American, such as the failure of Lehman Brothers in 2008, Obama’s epic budget battles with the Republicans in 2011 and the Trump White House’s drone hit on Iran’s most revered Revolutionary Guard commander on 3 January 2020. […]

By Matein Khalid Thankfully, I was not in the global markets during the Black Death, the Great Plague and the Spanish flu pandemic but coronavirus cases have now crossed 40,000 infections and this is way beyond a local Wuhan outbreak. Despite the blowout 225,000 US January non-farm payrolls growth data, I am alarmed by the global recession SOS in the capital markets metrics I track. One, the […]

By James M. Dorsey Disclosures of taped phone calls between embattled former prime minister Najib Razak and a person believed to be United Arab Emirate crown prince Mohammed bin Zayed go a long way to explain Malaysian efforts to counter UAE and Saudi influence in the Muslim world. The disclosures are the latest incident in what have been complex, if not strained relations with the UAE and Saudi Arabia […]

By Matein Khalid I had recommended buying the Tadawul ETF iShares MSCI Saudi Arabia (symbol KSA on NYSE) on November 30 to benefit from the post-IPO surge in the price of the Saudi Aramco IPO shares on the Tadawul. This tactical trade was a beauty even before Saudi Aramco shares soared 20% on its Thursday December 12 to peak at 38.7 Saudi riyals (SAR). As I expected, […]

By Saifur Rahman Dubai: Emirates Group, which includes Emirates Airline and its ground handling and ticketing arm Dnata, reported an 8 percent growth in profits to Dh1.2 billion (US$320 million), despite a 2 percent decline in group revenues to Dh53.3 billion (US$14.5 billion) for the first six months of 2019-2020 financial year, starting April 1, 2019, compared to Dh54.4 billion (US$14.8 billion), during the same period last year, due to unfavourable […]

By James M. Dorsey A public apology by a prominent Salafi scholar sheds a light on Saudi crown prince Mohammed bin Salman’s version of ‘moderate Islam,’ his effort to shape the Middle East and North Africa in his mould, and the replacement of religion with hyper-nationalism as the source of his legitimacy. Claiming to speak in the name of the Sahwa or Awakening movement, Aidh al-Qarni, one of the […]

By Saifur Rahman The oil-rich Gulf countries have started to introduce permanent residency to wealthy foreigners in order to retain the existing businesses and attract more foreign investors to support the economic growth. Within days after Saudi Arabia announcing a ‘Green Card’ scheme for wealthy foreigners, the UAE on Tuesday announced a similar package – Golden Card – to retain the super-rich expatriates and attract more. Vice […]

/Arabian Post Staff/ Emirates Group, which operates Emirates Airline – the world’s largest international carrier – reported a 44 percent decline in profits to US$631 million (Dh2.3 billion) in 2018-19 financial year ending March 31, 2019, despite achieving a 7 percent growth in revenue to reach US$29.8 billion (Dh109.3 billion). In line with the overall profit, the Group declared a dividend of Dh500 million (US$136 million) to its shareholder, […]

|By Arabian Post Staff|Dubai has annonnced the world’s first faciltiy to make Blockchain-based digital payments for school fees, bills and retail purchases. The digital currency has been launched in partnership between Blockchain payment provider Pundi X, Ebooc Fintech and Loyalty Labs along with Dubai’s Credit Bureau named emcredit. Consumers in Dubai, UAE will be able to use digital currency to make retail payments in-store, pay for government […]

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