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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 18 March 2024 – Kenanga Investors Berhad (“Kenanga Investors”) was a double winner at the LSEG Lipper Fund Awards 2024 (“Awards”). The firm received awards for the Kenanga Malaysian Inc Fund (“KMIF”) under the best Equity Malaysia Diversified – Malaysia Pension Funds over 10 Years and for the Kenanga Diversified Fund (“KDF”) under the best Mixed Asset MYR Flexible […]

World football’s governing body, FIFA, has pledged a significant financial commitment to grow the sport globally. On March 15th, the FIFA Council unanimously approved a $2.25 billion investment plan for football development initiatives over the next three years. This substantial increase marks a major shift in FIFA’s development strategy, representing nearly seven times the amount allocated to such programs prior to 2016. The ambitious plan aims to […]

The Muslim Council of Elders extended its warmest congratulations to Al-Azhar Al-Sharif, the prestigious Cairo-based institution, on its 1084th anniversary. The council’s statement acknowledged both the Grand Imam of Al-Azhar, Dr. Ahmed Al-Tayeb, who also serves as the Chairman of the Muslim Council of Elders, and the esteemed scholars, students, graduates, and global admirers of Al-Azhar. The message highlighted Al-Azhar’s remarkable history, emphasizing its role as a […]

Salah Uddin Shoaib Choudhury The year 2024 has been marked by a flurry of elections across the globe, each carrying significant weight in shaping the future trajectory of their respective countries and, to some extent, the world at large. Among these pivotal elections, Britain’s upcoming general election stands out as a crucial turning point, especially in the context of post-Brexit recovery efforts. The aftermath of Brexit, compounded […]

A late 2023 ransomware attack on Infosys McCamish Systems, a subsidiary of Indian IT giant Infosys, sent ripples of concern through the financial services sector in the United States. Infosys McCamish specializes in retirement and investment management, making them a critical partner for major institutions like Bank of America, Fidelity Investments, and TIAA. The attack disrupted services and potentially compromised sensitive client data, raising serious questions about […]

Corporate diversification and transformation strategy successfully yielding results, delivering sustained financial performance that surpassed guidance. Revenue increased 18% YoY, hitting a record high of USD 1.8 billion for FY2023. Strong underlying performance with EBITDA at USD 412 million for FY2023, a 13% increase YoY. Strong performance attributed to contract wins, record coal production, proactive cost management strategies and increased diversification to metallurgical coal which now contributes 19% […]

With the recent GST increase on the minds of many Singaporeans, local homegrown brand Awfully Chocolate has decided to go against the grain and offer chocolate lovers special, lower prices from March 20-25 (online) and 28-29 (in-store). Enjoy great discounts on everything from their signature All Chocolate Cake to seasonal offerings, with delivery right to your doorstep. SINGAPORE – Media OutReach Newswire – 14 March 2024 – […]

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Dubai’s leading real estate developers, Nakheel and Meydan, are set to join forces under the umbrella of Dubai Holding, according to a directive from Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. This strategic move aims to create a formidable economic powerhouse with a diversified portfolio. The merger, announced on March 16, 2024, will see both Nakheel and Meydan become part of Dubai Holding, a […]

K Raveendran The merger of Nakheel and Meydan under Dubai Holding, which the Dubai Ruler and UAE Vice President Sheikh Mohammed bin Rashid Al Maktoum announced on Saturday, marks a significant shift in Dubai’s economic landscape, but it’s just the latest chapter in a long history of transformation for both entities. Dubai Holding itself has undergone several structural changes since its inception. Originally focused on investments and […]

The Gulf Cooperation Council (GCC), a political and economic alliance of six nations in the Persian Gulf, has set its sights on a significant travel policy change: visa-free entry to the Schengen Area. This ambitious plan, recently announced by GCC Secretary-General Jasem Albudaiwi, signifies a major step towards simplifying travel for citizens across the Gulf region. Albudaiwi revealed his intention to lobby for the exemption during his […]

SHANGHAI, CHINA – Media OutReach Newswire – 14 March 2024 – The year 2023 marked a turning point for China as doors reopened, revealing a multitude of opportunities and pathways. Under the resumption of normalcy, the economy grew at a rate of 5.2% in 2023, according to the National Bureau of Statistics of China. As the economy recovers, sectors such as automotive, consumer electronics, and e-commerce have […]

Dubai’s tourism industry has kicked off 2024 on a high note, welcoming a staggering 1.77 million international visitors in January. This figure represents a significant boost compared to previous years and positions Dubai as a leading global tourist destination. The influx of tourists is attributed to a number of factors. Dubai’s reputation as a luxurious travel hub continues to draw visitors seeking world-class shopping, opulent hotels, and […]

Accessing more diverse talent polls and talent matching will be key for employers HONG KONG SAR – Media OutReach Newswire – 15 March 2024 – Hiring sentiment overall in Hong Kong and the Chinese Mainland is softer. However, a KPMG survey shows a more optimistic outlook from C-level executives in Hong Kong, suggesting that there is still a need for top talent who can drive results in […]

The countries of the Gulf Cooperation Council (GCC), long reliant on their vast oil reserves, are emerging as unexpected leaders in the global push to reduce carbon emissions. This shift comes as the region grapples with the dual challenges of mitigating climate change and diversifying its economy in a world increasingly focused on sustainability. The built environment, encompassing buildings and infrastructure, is a major contributor to global […]

Saudi Arabian banks are on track to break new ground in debt issuance to fund the country’s ambitious economic diversification plans. Analysts at Bloomberg Intelligence predict lenders will need to raise at least $11.5 billion through local and international bonds. This record-breaking borrowing spree is critical for financing Vision 2030, a strategic roadmap to transform Saudi Arabia from an oil-dependent economy into a diversified powerhouse. The impetus […]

SIHANOUKVILLE, CAMBODIA – Media OutReach Newswire – 16 March 2024 – Bay of Lights development, Cambodia’s burgeoning financial and tourism beacon, is proud to announce its groundbreaking strategic partnership with the United Arab Emirates’ premier investment platform, the Annual Investment Meeting (AIM) Congress. This partnership marks a pivotal step in bolstering the growing ties between Asia and the Middle East and is set to ignite a dynamic […]

HANOI, VIETNAM – Media OutReach Newswire – 15 March 2024 – VinFast Auto (Nasdaq: VFS) has signed a distribution agreement with Jospong Group of Companies, Ghana’s leading multi-industry conglomerate, in Ghana and West African market. This deal marks the Vietnamese electric vehicle pioneer’s initial foray into the African market, solidifying its position as a frontrunner in the global shift towards sustainable transportation. Under this agreement, Jospong will […]

HAMBURG, GERMANY – EQS Newswire – 15 March 2024 – Søren Skou, the former Chief Executive Officer (CEO) of A.P. Moller-Maersk (“Maersk”), has joined Skyborn Renewables (“Skyborn”) as Chair of the Advisory Board. “We are delighted to welcome Søren to Skyborn. His proven leadership skills and his deep understanding of, and appreciation for, the global energy transition make him an excellent choice for Chair of the Board […]

The United Arab Emirates (UAE) has secured an impressive seventh position on a global ranking that evaluates national efforts to promote gender equality. This achievement marks a significant step forward for the nation, placing it first in the Middle East region according to the Gender Inequality Index, a key component of the United Nations Development Programme’s Human Development Report. The Gender Inequality Index gauges a country’s success […]

James M Dorsey This year’s US presidential elections are not the only potential hurdle confronting President Joe Biden’s multi-pronged vision for a Middle East peace once the Gaza war ends. So is Israeli intransigence, the prospect of a long-term insurgency in post-war Gaza, and increasing Saudi Chinese technological cooperation. The Biden administration is pushing for a multi-pronged comprehensive Middle East deal that would not only end the […]

The Saudi Food and Drug Authority (SFDA) is extending an olive branch to American healthcare companies, signaling a potential surge in foreign investment within the Kingdom’s flourishing medical field. Dr. Hisham bin Saad Aljadhey, the CEO of SFDA, recently convened with representatives from various US firms specializing in pharmaceuticals, medical devices, and food safety technologies. These meetings, strategically held on the sidelines of the International Medical Device […]

Earlier this week, as Wall Street stock markets hit fresh record highs, I was quoted by the media as saying, “The Magnificent Seven tech stocks look cheap compared to other stocks within the S&P 500.” These tech stocks – Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla – look cheap relative to other stocks in the market due to a combination of factors including […]

Oil prices surged on Thursday, reaching their highest level in four months, after the International Energy Agency (IEA) revised its outlook for the global oil market. The upward revision suggests a tighter market in 2024, driven by stronger-than-expected demand growth. Brent crude oil futures for May delivery closed at $85.42 per barrel, a 1.7% increase from the previous day. This marks the highest closing price since early […]

Over 1,300 exhibitors embrace rising opportunities in twin lighting fairs Buyer registration Link HONG KONG SAR – Media OutReach Newswire – 15 March 2024 -Lighting today has transcended its traditional role of mere illumination, emerging as a catalyst for enhancing well-being and creating a better environment for quality living. To embrace this exciting evolution and capitalise on the rising opportunities, the Hong Kong Trade Development Council (HKTDC) […]

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