Highlights of FY23/24 Results For the financial year ended 31 March 2024, total sales amounted to US$3,814 million – an increase of 5% compared to the prior year Gross profit totalled US$851 million – an increase of 19% EBITA, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, increased by 56% to US$343 million or 9.0% of sales (compared to 6.0% of sales in FY22/23) […]
A recent report by IQAir, a Swiss air quality technology company, paints a concerning picture for South Asia. The 2023 World Air Quality Report reveals Bangladesh, Pakistan, and India as the countries burdened with the world’s most polluted air. These nations grapple with particulate matter (PM2.5) concentrations significantly exceeding the World Health Organization’s (WHO) recommended safe limits. PM2.5 refers to fine, inhalable particles less than 2.5 microns […]
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 […]
In a significant stride towards its environmental goals, Saudi Arabia has launched a Green Financing Framework. This initiative, spearheaded by the Ministry of Finance, aims to propel the nation’s sustainability agenda and achieve net-zero emissions by 2060. The framework aligns with the principles of a circular carbon economy, underscoring Saudi Arabia’s commitment to environmental stewardship and responsible development. The Green Financing Framework serves as a roadmap for […]
First of its kind in Hong Kong’s construction industry to drive ESG initiatives HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) and Sanfield (Management) Limited (“Sanfield”) today announced the launch of pioneering Sustainability-linked Supplier Payment Services (“SPS”) for the Hong Kong construction industry. The SPS program marks a significant milestone in extending environmental, social and […]
Egypt’s ambitious development plans for the Ras Al-Hikma peninsula received a significant shot in the arm with a second payment of $14 billion from the United Arab Emirates (UAE). This latest installment is part of a monumental $35 billion deal between Egypt and Abu Dhabi’s sovereign wealth fund, ADQ, to transform the 200-kilometer stretch of coastline west of Alexandria. The agreement marks one of the largest […]
Arabian Post Staff The United Arab Emirates (UAE) has introduced a new visa program aimed at attracting and retaining individuals who significantly contribute to environmental protection. The “Blue Residency” visa offers a ten-year residency permit to those making exceptional efforts towards environmental sustainability. This initiative aligns with the UAE’s designation of 2024 as the “Year of Sustainability.” Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s […]
Explores Local Development Opportunities HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, was invited to join the Hong Kong SAR delegation to visit the Middle East last week. The visit aimed to engage in discussions with local governments and financial institutions, exploring financial cooperation and development between Hong Kong and the Middle […]
The United Arab Emirates (UAE) has introduced a new visa program designed to attract and retain individuals who significantly contribute to environmental protection. The 10-year Blue Residency visa aims to solidify the UAE’s commitment to sustainability, designated as a key focus for 2024 by the nation’s president. Announced during a cabinet meeting led by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of […]
The International Energy Forum (IEF) has released a report highlighting the pivotal role carbon markets can play in facilitating the world’s transition to clean energy. Entitled “The Role of Carbon Markets in Transitions,” the report underscores the potential of these markets to expedite efforts towards achieving net-zero emissions and ensuring universal access to affordable and reliable energy, aligning with the goals outlined in the Paris Agreement. Joseph […]
SINGAPORE – Media OutReach Newswire – 16 May 2024 – Discovery Taiwan and MediaTek have collaborated on Chasing Breakthrough, which will premiere on the Discovery Channel on May 21 at 8:05 p.m. This visually stunning short documentary features the people and nature of the Guilin Province in China. It is captured using a smartphone powered by the MediaTek Dimensity 9300 flagship 5G smartphone platform. The documentary is […]
Heat waves, once unwelcome guests that arrived with a bang and left with a bluster, are morphing into stagnant saunas thanks to climate change. A new study published in Science Advances reveals a concerning trend: heat waves are losing their hustle, lingering over regions for longer periods and intensifying the misery they bring. Previous research painted a grim picture of heat waves – becoming more frequent, intense, […]
Energy company Mubadala Energy has scored another significant win offshore Indonesia, announcing a major gas discovery at the Tangkulo-1 exploration well. This find comes just months after the company’s success at the Layaran-1 well in the same region, solidifying the South Andaman Block as a key player in Southeast Asia’s energy scene. The Tangkulo-1 well, drilled to a depth of 3, 400 meters in 1, 200 meters […]
Vianode, a company specializing in innovative battery materials, has announced promising results from a Life Cycle Assessment (LCA) on their upcoming large-scale production of sustainable anode graphite. The LCA, a comprehensive analysis of a product’s environmental impact throughout its lifecycle, indicates Vianode’s method significantly reduces greenhouse gas emissions compared to traditional production processes. The key finding of the LCA is the remarkably low climate change impact associated […]
Global ocean exploration nonprofit sets sail in Indonesia on a first-of-its-kind Southeast Asian mission that combines science, education, and media to support the advancement of ocean science and marine education in the region, contributing to the battle against climate change. BALI / JAKARTA, INDONESIA- Media OutReach Newswire – 15 May 2024 – Global ocean exploration nonprofit OceanX, together with the Coordinating Ministry of Maritime Affairs and Investment […]
In an effort to combat climate change and promote a more sustainable future, InSinkErator, a leading manufacturer of food waste disposers, has announced a collaborative tree-planting initiative with the Emirates Environmental Group (EEG). This partnership reflects InSinkErator’s commitment to environmental responsibility and aligns with the UAE’s ongoing efforts towards a greener future. The initiative will see InSinkErator partnering with EEG, a prominent UAE-based environmental organization, to plant […]
Riyadh, Saudi Arabia – Metric, a global financial intelligence and analytics platform built for small and medium-sized businesses (SMBs), has been backed by the 500 Global program through the Sanabil 500 Mena Seed fund. This support underlines Metric’s commitment to fostering the burgeoning SME sector in Saudi Arabia, and the push towards digitization for businesses. 500 Global, a highly renowned multi-stage venture capital firm with $2.4B in […]
In a significant stride towards combating climate change, the Group of Seven (G7) leading industrialized nations have reached an agreement to phase out coal-fired power plants by the mid-2030s. This landmark deal marks the first time the G7 has explicitly committed to a coal phase-out, solidifying their stance on transitioning to cleaner energy sources. The agreement, reached during a meeting of energy and environment ministers in Turin, […]
The pursuit of net zero emissions, often framed as a challenge, presents a unique opportunity for the Gulf Cooperation Council (GCC) countries to diversify their economies and emerge as leaders in the global energy transition. This shift holds immense potential for the region, fostering innovation, attracting investments, and creating new job markets. The GCC’s hydrocarbon wealth has been the cornerstone of its economic prosperity. However, the global […]
Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, marked his presence at the closing ceremony of the inaugural Abu Dhabi Global Healthcare Week (ADGHW) on May 15, 2024. The three-day event, held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, served as a platform for global healthcare leaders, […]
SINGAPORE – Media OutReach Newswire – 15 May 2024 – Atria-City Dental Group, a multidisciplinary dental group practice in Singapore has been providing general and specialist dental care for families since 1994. In conjunction with its 30th year anniversary and this year’s World Oral Health Day theme, “A Happy Mouth is a Happy Body”, the practice is delighted to announce a dental package combining comprehensive Oral Health […]
In a significant development for cancer treatment in the United Arab Emirates, Burjeel Medical City, one of the nation’s leading healthcare institutions, and TII, a company at the forefront of biotechnology, have announced a strategic partnership. This collaboration aims to accelerate the adoption of advanced immunotherapy solutions for patients battling cancer. Immunotherapy harnesses the body’s immune system to fight cancer cells. By stimulating the body’s natural defenses, […]
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 […]
