Arabian Post Staff India’s Reliance Industries Limited (RIL) Tuesday said it will partner with Abu Dhabi Chemicals Derivatives Company RSC to launch TA’ZIZ EDC & PVC, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais. The joint venture will have an investment of more than $2 billion. This is Reliance’s first investment in the Middle East and North Africa (MENA) region, and it […]
SINGAPORE – Media OutReach – 7 December 2021 – SAP SE (NYSE: SAP) today announced that the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) selected SAP’s 4W-Wizard tool that aims at enabling customers to realise time savings and to focus on delivering humanitarian aid during disasters. OCHA’s adoption of the SAP 4W Wizard tool in humanitarian missions across the Asia Pacific region is intended to help […]
Arabian Post Staff Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, announced today the award of the Engineering, Procurement and Construction (EPC) contracts for the world-scale fourth expansion of its manufacturing complex in Ruwais, Abu Dhabi (“Borouge 4”). ADNOC and Borealis AG recently signed a strategic partnership that confirms a $6.2 billion (AED22 billion) investment agreement to build Borouge 4. The EPC award underscores Borouge’s […]
Announcement of new initiatives to align with Government climate change strategies HONG KONG SAR – Media OutReach – 3 December 2021 – The Hong Kong Quality Assurance Agency (HKQAA) held the 2021 HKQAA Symposium at the Island Shangri-La, Hong Kong today. The Honourable Mrs Carrie Lam Cheng Yuet-ngor, The Chief Executive of the Hong Kong Special Administrative Region, officiated at the event. Mr Christopher Hui, Secretary for Financial Services and […]
ZURICH, SWITZERLAND – EQS Newswire – 1 December 2021 – Leonteq today announced the integration of its AMC Gateway into the digital marketplace LynQs. The “AMC” module empowers index sponsors to create and manage their own tailor-made index solutions. With this expansion, LynQs becomes an even more comprehensive one-stop-shop for investment solutions. Following the successful launch of the digital marketplace LynQs in 2019, Leonteq continued to enhance its platform throughout […]
By Matein Khalid Every time I noticed a Garuda flight in Jakarta airport, visited the ancient Thai capital of Ayodhya or saw the Ramayana frescos in the royal palace complex in Bangkok or bantered with the Sikh ladies in Singapore’s Changi airport, I was reminded about India’s ancient civilizational links with Southeast Asia. In fact, Vietnamese slang still calls Indians “Klinga”, after the ancient Kalinga kingdom in […]
SINGAPORE / BAHRAIN, MANAMA – Media OutReach – 29 November 2021 -CrimsonLogic, a leading global provider of Trade solutions, products and services headquartered in Singapore, has won a contract with Bahrain Customs Affairs (BCA) to implement OFOQ2 – the Kingdom’s next-generation national Single Window. This implementation is a move in line with the Kingdom of Bahrain’s strategy to focus on the logistic services sector, as part of the priorities […]
HONG KONG SAR – Media OutReach – 29 November 2021 – Seal Eco Advanced Co., Ltd. (SEAL, a Hong Kong plastic waste recycling company) and Homison Solutions Limited (a technology service company), signed a cooperation agreement today and forged a special supply chain partnership for e-waste recovery and recycling in Hong Kong. The partnership will join force to improve the overall performance of the supply chain. The partnership is expected to […]
Half year sales of JPY 11,872 million, up 31.1% and 12.1% versus same period of FY2020 and FY2019 respectively EBITDA increased by 4.6 times to JPY 2,635 million as compared to same period last year Interim dividend of JPY 1.5 per share HONG KONG SAR – Media OutReach – 26 November 2021 – HONMA Golf Limited (“HONMA” or the “Group”; together with its subsidiaries, the “Group”; HKEx stock code: 6858), […]
Arabian Post Staff The Abu Dhabi National Exhibitions Company (ADNEC), part of ADQ, one of the region’s largest holding companies, is taking the next step in its business diversification strategy with the strategic assets transfer of tourism business unit from Etihad Airways to ADNEC Group. Etihad Holidays will be acquired by Abu Dhabi National Exhibition Company (ADNEC) to expand their footprint in tourism. Etihad Holidays will integrate with […]
Collaboration to design and build the lowest-emission LNG facility in the world SINGAPORE – Media OutReach – 26 November 2021 – Woodfibre LNG has signed an Engineering, Procurement, Fabrication, and Construction (EPFC) contract with McDermott International. The EPFC contract is an important step in advancing detailed engineering and construction scheduling work in advance of Woodfibre LNG issuing a notice to proceed. Responsibly produced natural gas is […]
By Matein Khalid Von Neumann’s Game Theory can model strategic behaviour in the global oil market, as once Admiral Yamamoto used it to model the Japanese attack on Pearl Harbour and the IDF used it to model Israel’s pre-emptive strike against Nasser’s Egypt in June 1967. So the US strategic reserves release signals the Biden White House’s displeasure with petro-inflation. Biden’s move was priced into the oil […]
HONG KONG SAR and WUHAN, CHINA – Media OutReach – 25 November 2021 – Heartland Residences in Wuhan, the inaugural project of Hang Lung Properties‘ premium serviced residences brand on the Mainland, held a topping-out ceremony, marking an important construction milestone toward the Company’s vision of creating compelling spaces that enrich lives. The ceremony was hosted by Mr. Peter Leung, Director – Project Management; Mr. Patrick Chan, General Manager – Project […]
Arabian Post Staff The Ministry of Industry and Advanced Technology (MoIAT) and Dubai Industrial City (DI) have signed a deal designed to further enhance the UAE’s industrial sector while facilitating decarbonisation efforts. The Memorandum of Understanding was signed on the first day of the Global Manufacturing and Industrialisation Summit at Expo 2020 Dubai. It focused on three core elements, including enabling the UAE’s Industry 4.0 program, attracting […]
By James M Dorsey, When seven-time Formula One world champion Lewis Hamilton wore a helmet this weekend featuring the colours of the LGBTI Pride Progress Flag during the debut Qatar Grand Prix, he was challenging more than the Gulf state’s failure to recognise rights. So will the Danish Football Union (DBU), Denmark’s governing soccer body, that announced that its commercial sponsors had agreed to surrender space on training kits […]
Younger generations more interested in ethics and sustainability as the new status in luxury and are prepared to pay a premium for this LONDON, UK – Media OutReach – 23 November 2021 – New research published today in De Beers Group’s latest Diamond Insight ‘Flash’ Report highlights that consumer attitudes towards provenance are changing as younger generations value ethics and sustainability assurances beyond simply knowing where a product originated. De […]
Life insurer acquires stake in Merchantrade Asia Sdn Bhd, fortifies collaboration PETALING JAYA, MALAYSIA – Media OutReach – 22 November 2021 – MCIS Insurance Berhad (MCIS Life) has taken up a 4.99% stake in Merchantrade Asia Sdn Bhd, the leading e-money player and the country’s largest Money Services Business operator, through the acquisition of new ordinary shares of an undisclosed amount. The two companies kicked-off a marketing distribution arrangement in 2019 where […]
Arabian Post Staff The Abu Dhabi National Oil Company (ADNOC) announced record investments worth up to almost $6 billion (AED22 billion) to enable drilling growth as it boosts its crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drives gas self-sufficiency for the UAE. The announcement was made at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) and follows the recent […]
Featuring Nearly 50 Korean Brands Offering Haircare and Healthcare Products for the First Time HONG KONG SAR – Media OutReach – 19 November 2021 – Sa Sa International Holdings Limited (“Sa Sa” or the “Group”, stock code: 0178) collaborates with the Korea Trade-Investment Promotion Agency (“KOTRA”) for the sixth consecutive year to bring to Hong Kong the Korean Beauty and Skincare Parade, which will be held from today to […]
BUENOS AIRES, ARGENTINA – Media OutReach – 17 November 2021 – Bybit, one of the fastest growing cryptocurrency exchanges with operations around the world, is the new global main sponsor of the Argentina national football teams, including the men’s international football side captained by Lionel Messi. Through this two-years agreement, Bybit’s brand will have maximum visibility in all Argentine Football Associations (AFA) assets, and its logo will be present in […]
Trend Micro study reveals urgent need for new way to discuss business risk HONG KONG SAR – Media OutReach – 16 November 2021 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced new research* revealing that 90% of IT decision makers claim their business would be willing to compromise on cybersecurity in favor of digital transformation, productivity, or other goals. Additionally, 82% have felt pressured to […]
NetApp extends its collaboration to accelerate Ducati Corse’s digital transformation and deliver fast, reliable access to real-time data from anywhere in the world SINGAPORE – Media OutReach – 16 November 2021 – NetApp® (NASDAQ: NTAP), a global cloud-led, data-centric software company, announced the extension of its partnership with the Ducati Corse motorcycle racing team at the completion of the 2021 MotoGP World Championship race in Valencia, Spain. For the next […]
Highlights of FY21/22 Half-Year Results Group sales US$1,674 million – up 26% compared to first half of the prior year. Excluding the effects of foreign currency movements and an acquisition, sales increased by 21% Gross profit US$357 million or 21.3% of sales (compared to US$300 million or 22.5% of sales in first half of the prior year) Adjusted EBITA US$138 million (compared to US$135 million in first […]
The funds will be donated to the Hong Kah North Environmental Sustainability Fund in support of the Singapore Green Plan 2030, benefitting over 42,000 household ERA to embrace sustainability and empower its network of over 8,300 trusted advisers and their clients through promoting green practices and providing volunteerism and fundraising avenues Three key ESG focuses: Creating a green and sustainable living environment for Singaporeans, employee well-being, and […]
