The Emirates Floating Hospital, docked in the Egyptian city of Al Arish, has emerged as a beacon of medical hope for Palestinians in the Gaza Strip. As part of Operation Brave Knight 3, a humanitarian initiative launched by the United Arab Emirates’ President Sheikh Mohamed bin Zayed Al Nahyan, the hospital is providing crucial medical services to those suffering from injuries. Dr. Ahmed Mubarak, the hospital’s director, […]
PHNOM PENH, CAMBODIA – Media OutReach Newswire – 20 May 2024 – At the Global Climate Action Forum (GCAF), Canopy Sands Development’s Bay of Lights project is highlighted as a leading example of sustainable urban development in Cambodia. The forum, held at Himawari Hotel Apartments and co-organized by the Ministry of Environment (MoE) and W-Foundation, emphasized Cambodia’s commitment to sustainability through public-private partnerships. Bay of Lights project […]
Slack, the popular workplace communication platform, is facing discontent from its user base regarding the company’s strategy for integrating artificial intelligence (AI) features. The issue came to light after a Slack user noticed a detail on Hacker News about how the company trains its AI services. This sparked a discussion around transparency and user trust in regards to AI implementation. The core of the concern lies in […]
A new report by the UN Climate Change raises concerns that current national climate action plans are inadequate to meet the ambitious goals set forth in the Paris Agreement. The report emphasizes the need for a significant acceleration of efforts to curb global greenhouse gas emissions and avert the most devastating impacts of climate change. The report underscores the urgency of action. The latest scientific assessments suggest […]
The Qatar Investment Authority (QIA), the country’s sovereign wealth fund, has announced its intention to become the anchor investor in Ardian Semiconductor, a newly established entity by the French private equity firm Ardian. This strategic move signifies QIA’s commitment to a leading investment firm and its innovative thematic fund dedicated to bolstering the European and French semiconductor industry. The global chip shortage has underscored the critical role […]
James M Dorsey US President Joe Biden doesn’t fit the mould of a high-risk gambler. Yet, gambling is the crux of his velvet glove dealings with Israel. With one eye on Israeli politics and the other on presidential elections in the United States in six months, Biden is walking a tightrope. The stakes and the costs couldn’t be higher. At its core, despite the administration’s escalating verbal […]
Effective 1 May 2024, Vincent Yong, previously President Director, DHL Global Forwarding Indonesia, assumes the role of Managing Director, DHL Global Forwarding Thailand Anders Hasselstroem appointed as Senior Vice President, Marketing and Sales, DHL Global Forwarding Asia Pacific, effective 1 June 2024 SINGAPORE – Media OutReach Newswire – 17 May 2024 – DHL Global Forwarding, the freight specialist of DHL Group, has announced two strategic appointments for […]
Malaysia’s aviation landscape is set for a potential overhaul as a consortium, including the emirate of Abu Dhabi’s powerful sovereign wealth fund, Abu Dhabi Investment Authority (ADIA), has submitted a bid to take Malaysia Airports Holdings Berhad (MAHB) private. The move, valued at approximately $3. 9 billion, has ignited discussions about the future of the country’s airport network and the potential benefits of a shift from public […]
HONG KONG SAR – Media OutReach Newswire – 17 May 2024 – Since the resumption of cross-border travel between Mainland China and Hong Kong in the middle of last year, Xiaohongshu has become lifestyle and travel guides for mainland tourists and drifters. Edwin Lee, a renowned entrepreneur and an investment expert, who is also the founder of Bridgeway Prime Shop Fund, together with Horace Lui, Course Director […]
Royal Dutch Shell, a major player in the global oil and gas industry, is re-examining the pace of its carbon emission reduction targets. This comes amidst internal discussions and strategy updates focused on the company’s energy transition plans. According to anonymous sources familiar with the deliberations, Shell might announce a slower reduction rate for its carbon footprint later this week. This potential shift follows Shell’s 2021 commitment […]
The Dubai Electricity and Water Authority (DEWA) has been announced as the Sustainability Strategic Partner for the 22nd edition of the Arab Media Forum (AMF), solidifying its commitment to promoting sustainable practices throughout the region. The forum, held under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is set to take place from May […]
HANOI, VIETNAM – Media OutReach Newswire – 16 May 2024 – VinFast Auto (Nasdaq: VFS) today announced that it received a record-breaking number of 27,649 non-refundable and non-transferable pre-orders for the mini-SUV VF 3 within 66 hours, setting a Vietnamese automotive record, demonstrating the impressive appeal of the VF 3 and its potential to become a “national car” in Vietnam. VinFast VF 3 receives a record number […]
The United Arab Emirates (UAE), which holds the presidency of the upcoming Conference of the Parties (COP28) on climate change, has announced a significant collaboration with Azerbaijan and Brazil, the future hosts of COP29 and COP30 respectively. This “troika” initiative aims to solidify international efforts in achieving the critical goal of limiting global warming to 1.5 degrees Celsius (°C). The urgency of this mission stems from the […]
Water scarcity is a growing threat for billions worldwide. As climate change disrupts rainfall patterns and populations boom, our access to freshwater is becoming increasingly precarious. One potential solution lies in a technology that has been around for centuries, but is undergoing a modern renaissance: desalination. Desalination refers to the process of removing salt from seawater, turning it into a usable source of freshwater. There are two […]
DUBAI, UAE – EQS Newswire – 16 May 2024 – Telecoming, sportech company specializing in developing and distributing mobile experiences for sports and entertainment, will take part, for the second year in a row at Telecom World Middle East 2024, scheduled for May 28-29. The company’s involvement in the event is part of a strategic initiative aimed at strengthening its presence in the region by partnering with […]
The Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of the United Arab Emirates, has joined a consortium aiming to privatize Malaysia Airports Holdings Berhad (MAHB). The consortium, known as the Gateway Development Alliance, submitted a pre-conditional voluntary offer to acquire all remaining shares in MAHB for a total of $3.9 billion. This move comes as Malaysia seeks to raise capital and potentially improve the […]
PARIS, FRANCE – Media OutReach Newswire – 15 May 2024 – VinFast Auto (Nasdaq: VFS) today announced the signing of a cooperation agreement with Bosch, one of the leading global suppliers of automotive technology and services, giving VinFast customers in Europe access to Bosch’s extensive network of 700,000 charging points in 30 European countries and providing them with the freedom and convenience to travel across Europe with […]
OCB achieves technology implementation speed 3x faster than industry norm in its launch of a customer-centric omnichannel banking platform, setting a new benchmark in Vietnam HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 15 May 2024 – Backbase, the global leader in Engagement Banking, Orient Commercial Joint Stock Bank (OCB), a top private bank in Vietnam, together with SmartOSC, the premium digital enabler, announce the […]
Early profitability sets the stage for a promising start toward its 2025 financial targets Highlight and achievements of Q1 FY24: Growth momentum continues, as revenue increased by 33% YoY, exceeding 31% of FY24 guidance to reach JPY 7.4 billion, driven by robust traction from existing customers and early success in vertical diversification strategies Gross profit grew 37% YoY, with gross margin reaching 51.7%, a historical high for […]
HONG KONG SAR – Media OutReach Newswire – 14 May 2024 – Ms. Cecilia Chang, Chief Executive Officer of Generali Hong Kong, has been selected as one of the outstanding global leaders in the prestigious “Global 100” for 2024, a comprehensive roundup that highlights the best in the industry, by Insurance Business. The ‘Global 100’ list is a hallmark of excellence, featuring individuals who not only excel […]
By Saifur Rahman Emirates Group that includes the world’s largest international passenger carrier Emirates Airline and its ground handling and ticketing arm Dubai National Air Travel Agency (Dnata) reported a 71 percent jump in net profits exceeding Dh18.7 billion (US$5.1 billion) in 2023-24 financial year ending March 31 2024, compared to Dh11 billion (US$3 billion) recorded the previous year. This is a new profit record for Emirates […]
El Salvador, the nation that took the world by storm when it adopted Bitcoin as legal tender in 2021, has taken another bold step towards cryptocurrency integration. On May 12th, the National Bitcoin Office (ONBTC) launched a dedicated mempool space, granting the public unprecedented access to the country’s Bitcoin holdings. This move signifies a commitment to transparency in El Salvador’s ongoing Bitcoin experiment. The mempool, a term […]
Former Google, PayPal, and Visa executive, Liru Chan, appointed Group Head of Marketing Former ShopBack, Honestbee, and Schneider Electric executive, Francois Picard, appointed Group Head of Operations SINGAPORE – Media OutReach Newswire – 13 May 2024 – MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a market-leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced two key additions to its […]
Dubai-based high-end supermarket chain Spinneys is setting its sights on aggressive expansion in the United Arab Emirates (UAE) and Saudi Arabia following a successful listing on the Dubai Financial Market (DFM). The company’s initial public offering (IPO) in May 2024 attracted significant interest from both regional and international investors, raising over $375. 7 million. This capital injection will fuel Spinneys’ ambitious growth plans, which include opening new […]
