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Saudi Aramco Plans $2.2B Gas Project JV

Saudi Aramco has signed a letter of intent (LoI) with a Spanish-Chinese joint venture to develop a $2.2 billion gas compression project. The partnership, which includes Técnicas Reunidas and Shandong Electric Power Construction Corporation (SEPCO), aims to enhance Saudi Arabia’s natural gas production capabilities. The project will be executed at the Haradh and Hawiyah gas fields, pivotal components of the country’s vast gas reserves. Aramco’s move aligns […]

GEMS Education Secures $3.25 Billion Financing Boost

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 […]

Dubai to Receive Euro 6 Compliant Buses by 2025

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 […]

Hidden and Ngāti Kahungunu ki Tāmaki-nui-a-Rua partner to promote Māori heritage globally through new innovative experiences

SINGAPORE – Media OutReach Newswire – 22 July 2024 – Ngāti Kahungunu ki Tāmaki-nui-a-Rua and Hidden are pleased to announce a new strategic partnership that will help promote local stories on the global stage by using Hidden’s innovative digital storytelling platform. Hayden Hape, Chair, Ngāti Kahungunu ki Tamaki nui a Rua Taiwhenua (left) and Lim Yee Hung, co-founder of Hidden at Hidden’s office at Lower Delta Road. […]

Congress’s Hypocrisy Of The Highest Order In Kerala

By P. Sreekumaran THIRUVANANTHAPURAM: It would have been a strong contender for the best joke of the year award but for the sheer hypocrisy and shamelessness that animated the claims. The reference is to the brazen Congress attempt to claim credit for the Vizhinjam international transshipment port project. The party, which opposed Kerala’s dream project […]

Airbus Close to Finalizing Sale of 30 A330neos to Flynas

Airbus is on the verge of finalizing a deal to sell approximately 30 A330neo aircraft to Flynas, a significant move in the aviation industry. This agreement, if concluded, would mark a substantial expansion of Flynas’s fleet, aligning with its growth strategy and reflecting the aircraft’s growing appeal in the commercial aviation market. The proposed transaction underscores Airbus’s continued success in securing orders for its A330neo, a model […]

Saudi, China Link Markets with New ETFs

Saudi Arabia and China have taken a significant step towards enhancing financial connectivity with the recent launch of exchange-traded funds (ETFs) on Chinese stock exchanges. This development, unveiled by Public Investment Fund (PIF) Governor Yasir Al-Rumayyan during a listing event in Shenzhen, marks a new chapter in the financial collaboration between the two nations. The ETFs provide Asian investors unprecedented access to the Saudi equity market, which […]

Azerbaijan Invites Armenia to COP29 Summit

Azerbaijan’s senior official Hikmet Hajiyev announced the invitation extended to Armenia for the COP29 climate summit. This invitation marks a significant step in regional diplomacy, particularly given the history of tensions between the two nations. The move aims to foster cooperation on environmental issues, demonstrating a commitment to global climate action despite longstanding political disputes. The climate summit, set to take place later this year, will bring […]

Energy Industry Must Cut Emissions to Avert Climate Disaster

Arabian Post Staff The urgent call for the energy industry to reduce its carbon emissions has gained prominence as Dr. Fatih Birol, Executive Director of the International Energy Agency (IEA), warns of catastrophic climate consequences if immediate actions are not taken. This warning comes amid growing concerns over the accelerating pace of climate change and its potential to trigger severe environmental and economic disruptions. Dr. Birol emphasized […]

India Launches National Campaign to Boost Tree Planting

India has launched an ambitious nationwide initiative encouraging each citizen to plant at least one tree within the next year, aimed at significantly enhancing the country’s green cover. This initiative, announced by Vice President Jagdeep Dhankhar on July 20, 2024, is set to mobilize the nation in a concerted effort to combat climate change and environmental degradation. The campaign, named “One Tree for Every Indian,” is part […]

United States Does Not Care For Modi’s Doctrine Of ‘Strategic Autonomy’

By P. Sudhir Prime Minister Narendra Modi’s two-day visit to Moscow on July 9-10 saw the revival of the annual summit meetings between the leaders of India and Russia. The last summit had been held in 2021 when President Putin visited Delhi. The visit has resulted in further strengthening the strategic partnership between India and […]

Emirates Health Services and Texas Children’s Hospital Partner for Pediatric Care

The Emirates Health Services (EHS) has entered into a significant agreement with Texas Children’s Hospital, a renowned healthcare institution in the United States, to enhance pediatric healthcare services. This strategic collaboration aims to leverage the expertise and resources of both organizations to deliver improved medical care for children in the UAE. The agreement focuses on several key areas, including clinical care, education, research, and healthcare management. By […]

Zuellig Pharma and Institut AllergoSan sign 10-year regional partnership to bring leading probiotic brand OMNi-BiOTiC® to key markets in Asia

New agreement marks major milestone for Zuellig Pharma as it focuses on expanding its consumer healthcare segment, and for Institut AllergoSan as it expands its global presence SINGAPORE – Media OutReach Newswire – 19 July 2024 – Zuellig Pharma, a leading healthcare solutions company in Asia, today announced that it has signed a 10-year commercialisation partnership with Austria-based Institut AllergoSan, a research and development company that specialises […]

OxPay on the Verge of Adding Potentially Lucrative Business: Issuing Credit Cards

OxPay to expand its services by issuing credit cards, enhancing its position in the competitive fintech market. New CEO Yick Li Hsin leads the charge in exploring new markets and business opportunities. Strategic partnerships and collaborations aim to increase merchant acquisition and market presence. SINGAPORE – Media OutReach Newswire – 19 July 2024 – OxPay Financial Limited (SGX: TVV) (“OxPay” or the “Company”, and together with its […]

By Ditching Popular Front, Macron Candidate Pivet Wins Presidency Of National Assembly

By Nitya Chakraborty French President Emanuel Macron exposed his true political shade at the first session of the newly elected national assembly on July 18 when he took the help of the right wingers to defeat the nominee of the New Popular Front Andre Chassaigne in the election for the post of the president of […]

Listed AI Company iFLYTEK and Subsidiary Xunfei Healthcare to Establish International Headquarters at Cyberport

Investing HK$400 million to Build a 150-member Team and Leading AI and Medical AI Development in Hong Kong HONG KONG SAR – Media OutReach Newswire – 19 July 2024 – iFLYTEK Co., Ltd., renowned in the Asia-Pacific region and a leading listed company specialising in intelligent speech and Artificial Intelligence (AI), along with its subsidiary Xunfei Healthcare Technology Co., Ltd., is establishing an international headquarters at Cyberport […]

Almarai’s Strategic SR60 Million Deal with 30Export Boosts Global Trade Ambitions

Saudi Arabia’s Almarai Company has signed a substantial SR60 million ($15.9 million) agreement with marketing logistics firm 30Export. This deal, signed in the presence of key industry figures such as Minister of Industry and Mineral Resources Bandar Alkhorayef and Saudi Export Development Authority (SEDA) CEO Abdulrahman Al-Thukair, marks a significant step in Almarai’s efforts to enhance its international trade capabilities. The formalities were completed by Abdullah Al-Bader, […]

IGC Subsidiary Entered into a Cooperation with Confiprosper Fintech

Accelerate commercialization of its algo-trading technology HONG KONG SAR – Media OutReach Newswire – 18 July 2024 – International Genius Company (“IGC” or the “Company“, together with its subsidiaries, the “Group“; stock code: 0033.HK) announced a business update: the Company’s Subsidiary, Deep Neural Computing Company Limited (“DNCC“), entered into a Cooperation Framework Agreement with Confiprosper Fintech Limited (“CFL“), a Hong Kong corporation. The Agreement aimed at leveraging […]

Oil and Gas Sector Embraces Automation: Key Players Innovate

Oil and gas industry leaders are increasingly turning to automation to enhance efficiency, reduce costs, and improve safety. Major companies, including Aker Solutions, NOV, Oceaneering, Schlumberger, Weatherford, Halliburton, Baker Hughes, BJ Services, GE-Hydril, Cameron, and FMC, are at the forefront of this technological shift. Aker Solutions and NOV recently signed a technology cooperation agreement to optimize subsea systems, aiming to improve sustainability and efficiency in oil and […]

“Green Giant” Envision Energy Unveils Strategic Joint Venture (JV) with Public Investment Fund (PIF) to Drive Renewable Energy Growth in the Middle East

RIYADH, SAUDI ARABIA – EQS Newswire – 17 July 2024 – Envision Energy, recognized as the “Green Giant” among the “2024 TIME100 Most Influential Companies”, has unveiled a strategic joint venture (JV) with Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries. This venture aims to accelerate the wind power growth throughout the Middle East, committing to driving the region’s journey towards a cleaner, more sustainable future. […]

Saudi PIF Seals Three Deals to Enhance Renewable Energy Manufacturing

Saudi Arabia’s Public Investment Fund (PIF) has entered into three major agreements aimed at bolstering the Kingdom’s renewable energy component manufacturing sector. These strategic deals are a significant step towards Saudi Arabia’s Vision 2030, which seeks to diversify the economy and reduce its reliance on oil. The first agreement involves the establishment of a large-scale solar panel manufacturing facility. This initiative is set to significantly increase the […]

PIF Signs Agreements to Localize Renewable Energy Manufacturing in Saudi Arabia

Public Investment Fund (PIF) has embarked on a groundbreaking initiative to bolster Saudi Arabia’s renewable energy sector through localized manufacturing agreements. The move aims to enhance domestic production capabilities and reduce reliance on imports in the burgeoning green energy market. Under the visionary leadership of PIF, Saudi Arabia has committed to accelerating its renewable energy ambitions. The recent agreements mark a strategic milestone in the kingdom’s journey […]

Currency Swap Agreement Between UAE and Egypt Marks New Era of Financial Collaboration

The recent currency swap agreement between the Central Bank of the UAE (CBUAE) and the National Bank of Egypt (NBE) represents a significant step in strengthening bilateral economic ties. This deal, valued at AED 5 billion and LE 42 billion, aims to facilitate trade and investment by allowing the two nations to exchange their local currencies directly, reducing dependence on the US dollar and mitigating exchange rate […]

UAE and Ethiopia Bolster Economic Ties with New Currency Swap Deal

The Central Bank of the UAE and the National Bank of Ethiopia have signed a landmark currency swap agreement and two memoranda of understanding (MoUs), aimed at strengthening financial cooperation and boosting economic ties between the two countries. The agreement will facilitate trade and investment by allowing businesses to conduct transactions in their local currencies, reducing reliance on the US dollar and mitigating exchange rate risks. This […]