Arabian Post Staff -Dubai The Abu Dhabi government has announced the listing of $5 billion worth of bonds on the Abu Dhabi Securities Exchange (ADX), a move designed to strengthen the emirate’s financial market and attract new investment. The bond issuance will be divided into three tranches, with the listing process commencing on June 21st. This initiative aligns with Abu Dhabi’s broader economic goals of diversification and […]
SINGAPORE – Media OutReach Newswire – 19 June 2024 – Azel & Jane Hair Salon is proud to announce the celebration of its 25th anniversary, marked by the grand opening of its third outlet in Punggol, set to open in late 2024. Expanding to Serve Customers Better Since its humble beginnings in 1999, Azel & Jane Hair Salon has grown from offering basic hairstyling services to providing […]
Noura Al Kaabi, Minister of Culture and Youth for the United Arab Emirates (UAE), participated in an official ceremony commemorating the 25th anniversary of Kosovo’s liberation day on behalf of Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. The ceremony, held in Pristina, Kosovo’s capital, brought together dignitaries and representatives from various nations to celebrate Kosovo’s independence from Serbia in 1999. Al Kaabi’s […]
The service, a first for a UK auction house, complements the growing interest in whisky collection in Asia as an alternative asset SINGAPORE – Media OutReach Newswire – 18 June 2024 – Specialist spirits auctioneer, Whisky Hammer, announced today the launch of its bonded warehouse service – a first for a UK auction house – in Singapore. Asia Pacific continues to be the world’s most valuable export […]
Emirates Global Aluminium (EGA), a titan of UAE industry outside the oil and gas sector, has taken a significant step towards its sustainability goals. The company announced that its recent acquisition of Leichtmetall, a European specialty foundry, was financed entirely through its first-ever green loan facility. Financial details of the acquisition remain undisclosed, but the innovative use of green financing underscores EGA’s commitment to environmental responsibility. Leichtmetall’s […]
Abu Dhabi, UAE – In a meeting held on June 15, 2024, UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan met with Dhoihir Dhoulkamal, Minister of Foreign Affairs, Cooperation, African Integration and Comorians Abroad of the Union of the Comoros. The discussion focused on solidifying the bond between the two nations and exploring avenues for broader cooperation. Sheikh Abdullah bin Zayed […]
The United Arab Emirates (UAE) reached out to Kuwait with expressions of solidarity and deep sympathy following a tragic fire that ripped through an apartment building in the Mangaf area. The blaze, which ignited on June 12th, 2024, resulted in a devastating loss of life, with dozens of individuals confirmed dead and many more injured. The UAE’s Ministry of Foreign Affairs (MoFA) issued a statement conveying the […]
Emirates Global Aluminium (EGA), a titan of UAE industry outside the oil and gas sector, has taken a significant step towards its sustainability goals. The company announced that its recent acquisition of Leichtmetall, a European specialty foundry, was financed entirely through its first-ever green loan facility. Financial details of the acquisition remain undisclosed, but the innovative use of green financing underscores EGA’s commitment to environmental responsibility. Leichtmetall’s […]
HONG KONG SAR – Media OutReach Newswire – 12 June 2024 – Wealth Management Expo 2024, an annual event presented by the Bank of China (Hong Kong) (“BOCHK”) and organized by Metro Finance FM104, was successfully held on 8 June at the Four Seasons Hotel Hong Kong in Central. Honoured by the presence of several prominent figures from the political and business sectors to officiate at the […]
By Saifur Rahman Property developers in the UAE and the GCC countries have raised US$4.3 billion (Dh15.48 billion) utilising debt market instruments such as bonds and Islamic sukuks to fund existing and future real estate projects, according to latest announcements. These include the successful closure of the latest US$400 million (Dh1.46 billion) sukuk issuance by Arada Developments LLC, a Sharjah-based developer of mixed-use communities, that was oversubscribed […]
Sharjah Airport witnessed a flurry of activity as it bade farewell to groups of pilgrims embarking on the holy pilgrimage to Mecca. The annual Hajj pilgrimage is a once-in-a-lifetime experience for many Muslims, and the airport bustled with well-wishers and pilgrims eager to begin their spiritual journey. Family members and friends gathered at the departure terminal to embrace pilgrims and offer their blessings. The atmosphere was charged […]
El Salvador’s ambitious plan for a Bitcoin-centric metropolis, Bitcoin City, has hit a snag with the departure of its self-proclaimed “first citizen, ” Corbin Keegan. Keegan, a cryptocurrency enthusiast from Chicago, arrived in El Salvador over two years ago with the dream of being among Bitcoin City’s pioneering residents. President Nayib Bukele first unveiled the Bitcoin City project in November 2021, envisioning a geothermal-powered haven for cryptocurrency […]
By K Raveendran Fuel consumers would do well to be ready to loosen their purse strings and face the post-election nuanced reality after they enjoyed a Rs 2 per litre cut in prices before the Lok Sabha elections. There has been a pattern in the price behaviour during and after every election. The most curious […]
The post With Elections Behind Us, It’s Time For ‘Market Forces’ To Take Control Of Fuel Prices first appeared on Latest India news, analysis and reports on IPA Newspack.
BEIJING, CHINA – Media OutReach Newswire – 6 June 2024 – Taman Safari Indonesia, a world-class recreational theme park and conservation site located in six locations and two resorts across Indonesia, has concluded a successful roadshow campaign in China. The collaborative campaign with the Indonesian Ministry of Tourism and Creative Economy aimed to promote Indonesia’s diverse and captivating tourist destinations in key cities, with events held in […]
HONG KONG SAR – Media OutReach Newswire – 3 June 2024 – Sports Charity Programme presents: WELL DUNK! Public Estate Basketball League and Training Programme – Grand Finals 2023-2024, was successfully held at Southorn Indoor Stadium. This year, the Grand Finals is part of the Sports Charity Programme, fully supported by Tencent Foundation and Gaw Capital People’s Place. NBA legends Stephon Marbury and Joakim Noah attended the […]
The revitalized court and upcoming coach education workshop is the latest in a six-country series to promote physical activity and mental health for Asian youth HONG KONG SAR – Media OutReach Newswire – 3 June 2024 – Sun Life in partnership with global sport for social change foundation Beyond Sport, is excited to announce the opening of the newly refurbished Wah Sum Shopping Center rooftop basketball court […]
In a first for the Middle East, the Knowledge Fund Establishment and National Bonds, a UAE-based savings and investment company, have joined forces to launch “The Young Investor” program. This pioneering initiative aims to bridge the gap in financial literacy among youth, equipping them with the knowledge and skills to make informed financial decisions. The program aligns with the Dubai Economic Agenda (D33) and the Dubai Social […]
HONG KONG SAR – Media OutReach Newswire – 30 May 2024 – Family businesses in the Asia and Oceania region are recognized for their high transgenerational entrepreneurship capabilities. Perpetuating a strong legacy through transgenerational entrepreneurship helps contribute to high business and sustainability performance, generational continuity and preserving the family’s bonds, according to KPMG analysis. The report titled “Unlocking legacy — The path to superior growth in family […]
Mayar Holding, a Saudi Arabian industrial manufacturing company, announced plans to raise $133 million through the issuance of a sharia-compliant bond, known as a sukuk. The issuance, denominated in Saudi riyals (SAR), will target a total value of SAR 500 million, with the proceeds earmarked for funding working capital needs and capital expansion projects. Afaq Financial Company has been appointed as the financial advisor for the establishment, […]
Financial markets across the globe experienced a significant decline on Thursday, as anxieties over persistently high inflation and the possibility of continued interest rate hikes by central banks dampened investor sentiment. The decline began in Asia, where major stock indexes plunged. The MSCI broadest index of Asia-Pacific shares outside Japan fell by 1. 2%, extending losses from the previous session. Japan’s Nikkei index also mirrored the downtrend, […]
in collaboration with Beijing Union University and Lanzhou Jiaotong University to showcase intangible cultural heritage fostered by the Silk Road HONG KONG SAR – Media OutReach Newswire – 30 May 2024 – Since launching the Chinese Culture Festival in March this year, The Hong Kong Polytechnic University (PolyU) has organised a series of events embracing different art forms and themes to enhance appreciation of Chinese culture among […]
Kuwait’s National Bank of Kuwait (NBK), the country’s leading financial institution, is poised to make a significant stride in the area of sustainable finance by issuing its first-ever green bond. This move highlights a growing trend in the region towards environmentally conscious investment opportunities. The issuance, anticipated for the coming months, reflects NBK’s commitment to aligning its operations with international sustainability objectives while capitalizing on the rising […]
While equities have historically been the bedrock of investment portfolios, and continue to be so, seeking out new opportunities is becoming ever more attractive, especially among the wealthy. Indeed, family offices now have 46% of their total portfolio in alternative investments, according to the latest JPMorgan Private Bank Global Family Office Report. The allure of alternative investments lies in their ability to provide diversification benefits that go […]
The Saudi Arabian stock exchange, Tadawul, announced the listing of $12. 08 billion worth of government debt instruments on May 27th, 2024. This move comes as the Saudi Ministry of Finance seeks to diversify its funding sources and tap into investor demand for sovereign debt. The listed instruments represent two separate issuances, both originally conducted in April 2024. The first issuance, dated April 1st, saw its value […]
