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The OPEC Fund for International Development (OFID) is extending a helping hand to Türkiye’s agricultural sector, reeling from the aftermath of February’s devastating earthquakes. A US$50 million loan aims to bolster food production, with a specific focus on the 11 cities worst hit by the tremors. The funds will be channeled through the Development and Investment Bank of Türkiye (TKYB), which will then distribute them to small […]

Oman and Siemens Energy are charting a course towards a greener future, solidifying their commitment to developing a robust green hydrogen industry through collaborative efforts. This strategic alliance, marked by a Memorandum of Understanding (MoU) signed in December 2023, encompasses several key areas of cooperation. A cornerstone of the agreement involves the potential establishment of an electrolyser manufacturing facility within Oman. Electrolysers, devices that utilize electricity to […]

HONG KONG SAR – Media OutReach Newswire – 22 March 2024 – International Genius Company (“IGC” or the “Company”, together with its subsidiaries, the “Group”, stock code: 0033.HK) is pleased to announce that, in relation to the acquisition of the entire issued share capital of Deep Neural Computing Company Limited (“Deep Neural Computing”), all conditions precedent under the Sale and Purchase Agreement were satisfied and the Completion […]

Emirates Global Aluminium (EGA), the world’s leading producer of premium aluminium, announced a significant move towards a more sustainable future with the acquisition of Leichtmetall, a German aluminium recycling firm. This strategic acquisition, valued at an undisclosed amount, signifies EGA’s commitment to capturing a growing share of the low-carbon aluminium market. The agreement, finalized on March 21, 2024, grants EGA full ownership of Leichtmetall, a European leader […]

Dubai Aerospace Enterprise (DAE), a leading player in the global aviation services sector, announced the signing of a significant financing agreement on March 20, 2024. The company secured a US$420 million, five-year unsecured term loan from China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited (CCB). This strategic move strengthens DAE’s financial flexibility and provides a crucial cash injection to support the company’s future […]

Asset management giant BlackRock has taken a significant step into the world of tokenized securities with the launch of its first such fund, BUIDL, built on the Ethereum blockchain. This move signifies a growing trend of traditional finance (TradFi) embracing blockchain technology to create digital representations of real-world assets (RWA) – a process known as tokenization. BUIDL, the BlackRock USD Institutional Digital Liquidity Fund, offers qualified investors […]

Patrick Lammers, former Chief Operating Officer – Commercial (COO-C) at E.ON, joins Skyborn Renewables as Chief Executive Officer (CEO) 1 June, 2024 Thomas Karst to retire as Chief Executive Officer (CEO) 31 May, 2024, and will continue in an advisory capacity to support an effective transition for Skyborn BREMEN, GERMANY – EQS Newswire – 20 March 2024 – Skyborn Renewables (Skyborn) is pleased to announce that Patrick […]

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Dubai Aerospace Enterprise (DAE), a leading player in global aviation services, has secured a significant financial boost with a new US$420 million, five-year unsecured term loan. The agreement, finalized on March 20, 2024, involves China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited (CCB) and signifies a strategic move for DAE. Firoz Tarapore, Chief Executive Officer of DAE, expressed his enthusiasm about the deal, […]

HANOI, VIETNAM – Media OutReach Newswire – 20 March 2024 – VinFast Auto (Nasdaq: VFS) officially signed a cooperation agreement with Guam AutoSpot to distribute VinFast electric vehicles in Micronesia. This agreement marks a significant step forward for VinFast’s global expansion strategy and its vision for a green mobility revolution worldwide. Under the agreement, Guam AutoSpot will be VinFast’s official distributor throughout Micronesia, encompassing Guam and the […]

Landlords and tenants in Ras Al Khaimah can now expect a clearer path to navigate their rental agreements, with the recent issuance of a new law by His Highness Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah. This legislation, the third and final addition to the emirate’s legal framework, aims to establish a comprehensive set of regulations governing the rights and responsibilities of […]

Partnership also sees Aston Business School making its debut in Singapore SINGAPORE – Media OutReach Newswire – 19 March 2024 – Kaplan Singapore1 (Kaplan) has today announced Aston University from the United Kingdom as its newest university partner. The partnership will see an exciting array of in-demand Postgraduate Degree programmes, including Doctor of Business Administration and a suite of Master of Science programmes being offered to students […]

The United Arab Emirates (UAE) is seeking to initiate separate trade negotiations with the European Union (EU), according to informed sources, as discussions involving the entire Gulf Cooperation Council (GCC) bloc appear to have stalled. The GCC, a six-nation economic and political alliance that includes the UAE, Saudi Arabia, Bahrain, Qatar, Oman, and Kuwait, has been engaged in on-again, off-again free trade agreement (FTA) talks with the […]

Continues to Penetrate Non-first-tier Cities in PRC and Taps into International Market Offers Diverse Travel Experiences to Develop Into New Generation National Travel Platform HONG KONG SAR – Media OutReach Newswire – 19 March 2024 – Tongcheng Travel Holdings Limited (“Tongcheng Travel” or the “Company”, together with its subsidiaries the “Group”, stock code: 0780.HK), an innovator and leader in China’s online travel industry, today announced its audited […]

Arabian Post Special The 100-day lead-up to COP28 in Dubai, held under the UAE’s presidency, was a period of both anticipation and scrutiny. The urgency of the climate crisis demanded “transformative climate action,” as the UAE itself declared. Their focus on global solidarity resonated with many, yet the nation’s dependence on fossil fuels cast a long shadow. A defining achievement of the pre-COP period was the announcement […]

Innovation and Sharing Drive High-Quality Development Net Profit Increases by 11%, Dividend Payout Increases by 15.7% HONG KONG SAR – Media OutReach Newswire – 18 March 2024 – The world’s largest telecommunications infrastructure service provider China Tower Corporation Limited (“China Tower”, or the “Company”) (Stock Code: 0788.HK) is pleased to announce its annual results for the year ended 31 December 2023. Performance Highlights RMB Million 2023 2022 […]

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 […]

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 […]

SINGAPORE – Media OutReach Newswire – 15 March 2024 – PropertyGuru, Singapore’s No. 1 property marketplace with 82% market share[1], has unveiled an exclusive, limited-time cash prize giveaway that will provide five lucky winners with a welcomed breather from home expenses. Head over to PropertyGuru’s new TikTok account (@PropertyGuru) from 14 March 2024 to 31 March 2024 for a chance to win a month’s rent or mortgage […]

Emirates Steel Arkan (ESA), a major steel and building materials producer in the United Arab Emirates, has signed a significant agreement with Bahrain Steel Company (BSC) to secure a steady supply of iron ore for the next five years. The contract, valued at approximately $2 billion, was finalized during a recent meeting of the Industrial Partnership for Sustainable Economic Growth initiative held in Bahrain. This strategic partnership […]

Hong Kong is ranked 10th – the only other Asian market in the top 10 most connected list Globalization reached a record high, despite pandemic and geopolitical conflict Current level of globalization at only 25 percent, citing large potential to continue growing global flows Evidence points to robust intra-Asia trade flows and intercontinental trade demand between Asia and the West SINGAPORE – Media OutReach Newswire – 13 […]

HONG KONG SAR – Media OutReach Newswire – 13 March 2024 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) and PACM Group (Holdings) Limited (“PACM Group”) jointly announced that Oi Wah Mortgage Limited, the indirect wholly-owned subsidiary of the Group, has entered into the Subscription Agreement with the General Partner (co-owned by PACM Group […]

The United Arab Emirates’ Ministry of Energy and Infrastructure (MoEI) and its Chilean counterpart have signed a momentous Memorandum of Understanding (MoU) aimed at propelling their respective energy sectors forward. This strategic partnership underscores a shared commitment to a sustainable energy future and leverages the unique strengths of both nations. The MoU establishes a framework for comprehensive collaboration across a range of energy-related disciplines. A cornerstone of […]

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