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Saudi Arabia’s OTO, a logistics technology firm, has announced plans to expand into the UAE and Turkiye, fueled by a successful Series A funding round totaling SR30 million ($8 million). This latest financing was spearheaded by Sanabil Investments, a fully owned subsidiary of the Public Investment Fund (PIF). The investment also saw contributions from Sadu Capital and Iliad Partners, with Propeller and Soma Capital participating in the […]

Through the collaboration with EBANX, XTransfer offers the preferred local payment methods from Latin America to businesses worldwide exporting to the region. Cash-based vouchers, electronic transfers, and Pix, the instant payments in Brazil, are among the options SHANGHAI, CHINA & CURITIBA, BRAZIL – Media OutReach Newswire – 23 July 2024 – XTransfer, China’s top B2B cross-border trade payment platform, and EBANX, the leading payment platform connecting global […]

King Fahd Medical City (KFMC) and Boston Oncology have announced a significant partnership aimed at advancing gene and target cell therapy in Saudi Arabia. This collaboration, formalized through a Memorandum of Understanding (MoU), seeks to enhance local capabilities in cutting-edge cancer treatments and reduce dependency on international medical technologies. The project will be anchored at King Fahd Medical City, one of the leading healthcare institutions in Saudi […]

HONG KONG SAR – Media OutReach Newswire – 23 July 2024 – IX Asia Index (“IXAI”), the index business arm of IX Capital International Limited, is thrilled to announce the launch of a centralised IXAI index page composed of a comprehensive suite of 10 unique indexes, available on Bloomberg starting today. The IXAI Bloomberg page can be accessed via the function “IXCI <GO>”. This launch significantly enhances […]

Arabian Post Staff -Dubai Emirates President Tim Clark has expressed concerns about the delivery timeline of Boeing’s 777X aircraft, projecting a delay until 2026. This adjustment stems from continuous development challenges and regulatory hurdles faced by Boeing. Clark’s statement, made during a media interaction, highlights the ongoing issues that have plagued the much-anticipated aircraft model. Clark revealed that Boeing’s progress on the 777X has been slower than […]

New paper ‘Beyond Payments’ identifies four key developments in cross-border commerce that deliver opportunities for merchants to create a frictionless and extended consumer journey HONG KONG SAR – Media OutReach Newswire – 23 July 2024 – Throughout the past decade, the rapid proliferation of mobile payment solutions has been a key enabler for digital economies across Asia and beyond. Building on our 2020 report, ‘The Next Wave: […]

The Saudi Esports Federation (SEF) has inaugurated a Legacy Museum in Riyadh, celebrating the federation’s achievements and the Kingdom of Saudi Arabia’s significant impact on the global gaming and esports industry. The museum, open seven days a week with free admission, aims to document the federation’s work since its inception and honor the progress made in this rapidly growing sector. HRH Prince Faisal bin Bandar bin Sultan, […]

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Economic Survey 2023-24 Cautions On India’s Growth StoryEconomic Survey 2023-24 Cautions On India’s Growth StoryBy Dr. Gyan Pathak Economic Survey 2023-24 does present a rosy picture of India’s growth story and recognizes the short-term prospect as good, but does not fail to flag several areas of concern that require clear forward-look vision for better prospect in the long term. It underscored the pressing needs for comprehensive reform in agriculture. […]

Saudi Arabia’s Public Investment Fund (PIF) has emerged as the world’s second most influential state-owned investor, according to a 2024 report by Global SWF. This marks a significant milestone for the fund, which has consistently expanded its influence and diversified its portfolio over the years. The PIF, chaired by Crown Prince Mohammed bin Salman, is now managing assets worth approximately SR3.47 trillion, with a substantial portion, SR1.75 […]

High net worth individuals (HNWIs) are increasingly gravitating towards alternative assets. This trend is more than a passing phase; it’s a seismic shift driven by a confluence of factors ranging from market volatility to the pursuit of superior returns. As the global financial environment becomes more complex and uncertain, alternative assets are providing HNWIs with the diversification, resilience, and growth opportunities that traditional investments struggle to match. […]

Arabian Post Staff -Dubai Dubai-based GEMS Education has finalized a substantial $3.25 billion financing agreement to enhance its global educational operations. This deal, one of the largest in the education sector, will support GEMS in expanding its portfolio and investing in new technology and infrastructure across its network of schools. The new financing will primarily be used to bolster GEMS’ capabilities in its existing markets and facilitate […]

BlackRock is intensifying its presence in the Middle East by relocating a key investment strategist to Dubai, underscoring the growing significance of the region in global financial markets. The strategic move is part of BlackRock’s broader initiative to enhance its footprint in the Middle East and capitalize on emerging opportunities in this rapidly evolving market. The relocation of BlackRock’s lead investment strategist to Dubai marks a notable […]

MACAO SAR – Media OutReach Newswire – 22 July 2024 – The Lek Hang Group proudly announces the grand opening of its flagship property, Hotel Central, an iconic symbol of Macao’s cultural heritage and a historic landmark located on the Macao Peninsula. Sio Chong Meng, founder and chairman of Lek Hang Group, along with a group of guests, participated in the ribbon-cutting ceremony at the grand opening […]

SHANGHAI, CHINA – Media OutReach Newswire – 22 July 2024 – As the 21st ChinaJoy approaches, the global spotlight once again focuses on the Shanghai New International Expo Center in China. During this grand event, Flat Ads will showcase its exclusive network of 700 million developers at the 2024 ChinaJoy BTOB exhibition hall, providing developers in attendance with a one-stop global marketing and monetization solution. Dates: July […]

High-tech stage design creates a stunning visual feast as Asian popular singers gathered for three days of music passion MACAU SAR – Media OutReach Newswire – 22 July 2024 – Galaxy Arena, Macau’s newest and largest indoor arena, has consistently attracted top-tier domestic and international artists and production companies with its state-of-the-art facilities since its opening. This July, Galaxy Arena once again became the focal point for […]

Arabian Post Staff Concerns have escalated about arsenic and lead contamination after recent reports linked these toxic substances to serious health risks. Arsenic, historically dubbed the “king of poisons,” and lead, which is often associated with historical figures like Vincent Van Gogh due to its potential neurotoxic effects, have been found in alarming concentrations in various environments. This has triggered widespread alarm on social media and among […]

Arabian Post Staff -Dubai iFlytek has introduced its latest advancement in educational technology with the launch of the T30 Ultra AI Learning tablet. This new device sets itself apart with groundbreaking features, including the industry-first Nearlink AI stylus that enhances user interaction through advanced pressure sensitivity and magnetic wireless charging. The T30 Ultra’s standout feature, the Nearlink AI stylus, integrates seamlessly with the tablet, providing a sophisticated […]

Saudi Arabia has announced its largest mineralized belts to date, covering 4,788 square kilometers and introducing five new exploration licenses. This significant development marks a major step in the country’s effort to bolster its mining sector and attract both local and international investments. The newly disclosed mineralized belts encompass a substantial area in the northwestern part of the country. Among these, three permits are designated specifically for […]

Dubai’s Roads and Transport Authority (RTA) has confirmed the delivery of new buses that comply with the European Euro 6 low carbon emission standards. Scheduled to arrive in 2024 and 2025, these vehicles represent a significant step towards enhancing the city’s public transport system and meeting its sustainability goals. The Euro 6 standards are the latest in a series of regulations aimed at reducing harmful emissions from […]

Aviation industry leaders, ACI World and Airbus, have announced a significant partnership to accelerate the decarbonization of global aviation. The collaboration aims to support the aviation sector’s commitment to achieving net zero carbon emissions by 2050, aligning with global climate goals. ACI World, representing airports worldwide, has a history of environmental initiatives and has been a key player in reducing aviation-related carbon emissions. Their Airport Carbon Accreditation […]

Bandar Alkhorayaf, Saudi Arabia’s Minister of Mining and Industry, is set to embark on a significant diplomatic tour this week, visiting Brazil and Chile to bolster the Kingdom’s industrial and resource capabilities. This visit underscores Saudi Arabia’s strategic initiative to enhance its mining sector and expand its footprint in the global market for critical resources. During his trip to Brazil, Alkhorayaf will engage with high-ranking officials to […]

A fabricated story claiming that Olena Zelenska, wife of Ukrainian President Volodymyr Zelensky, purchased a $4.8 million Bugatti with U.S. aid has recently surged to the top of Google search results. This disinformation campaign, fueled by artificial intelligence, has leveraged social media platforms and state media to gain traction and influence public perception. The false narrative originated from a network of websites that have been artificially amplified […]

HANOI, VIET NAM – Media OutReach Newswire – 22 July 2024 – VinBrain, a leading AI tech start-up in Vietnam, has successfully developed a comprehensive AI ecosystem platform across various sectors. The company today announced record corporate momentum with over 5.4 million medical image scans to date on DrAid™, its flagship platform. VinBrain has delivered innovative AI solutions, including enterprise data insights, cloud platform data labeling pipelines […]

Arabian Post Staff Vice President Kamala Harris’ recent activities and policy positions have ignited speculation about their potential ramifications on the health care sector, especially regarding stock market performance. Her focus on expanding access to health care and advocating for reforms could shape investor sentiments and impact health care stocks significantly. Harris’ stance on health care is rooted in her support for expanding the Affordable Care Act […]

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