HONG KONG SAR – Media OutReach Newswire – 30 June 2025 – As a global trade and financial centre and a key link in the Belt and Road Initiative (B&RI), Hong Kong plays a pivotal role in connecting the Belt and Road regions, spanning some 150 countries around the world. Hong Kong’s external trade with Belt and Road economies other than Mainland China has surged by almost […]
Star Entertainment is confronting a fresh financial crisis as its partners in the Brisbane Queen’s Wharf development have formally sought to cancel the sale of the casino operator’s 50 per cent interest in the integrated precinct. This blow lands just days after shareholders approved a $300 million rescue package that was expected to stabilise the business. The termination notice, issued by Hong Kong-based Far East Consortium and Chow Tai Fook […]
Exhibiting at IVS Startup Market to Showcase Advanced Water DX Solutions TOKYO, JAPAN – Media OutReach Newswire – 30 June 2025 – Tenchijin Inc., a space-tech innovator revolutionizing sustainable water infrastructure management, today announced it has been selected as one of 15 finalists for IVS2025 LAUNCHPAD from over 350 global applicants. The company will also exhibit at the “IVS Startup Market” during the three-day conference (July 2 […]
A new Qingdao Overseas Integrated Service Centre launched at the China‑Arab Business Forum in Qingdao is set to deepen commercial ties between China and the Gulf region by enhancing the current $400 billion trade corridor.
Abdulla Albasha Alnoaimi, UAE commercial attaché to China, and Zeng Zanrong, Qingdao’s municipal party secretary, formally unveiled the centre, established by SepcoIII Electric Power Construction Co and Hisense Group. Drawing on their extensive foothold in the UAE and the broader Middle East, the centre is intended to act as a bridge to support Chinese firms entering Arab markets.
At the forum, 40 projects worth $5.93 billion were signed, spanning high‑end equipment, new energy, advanced materials and next‑generation information technology. These agreements signal a deliberate shift towards elevating the technological content and sophistication of trade between the regions.
Bilateral trade between China and Arab countries reached more than $400 billion in 2024, compared to just $36.7 billion in 2004, marking a ten‑fold rise over two decades. Saudi Arabia and the UAE led these exchanges, recording $107.53 billion and $101.838 billion respectively in 2024, with the latter growing by 7.2 per cent year‑on‑year.
Mohammed Saqib, secretary‑general of the CHIMENA Business Council, emphasised the centre’s role in aligning public and private sectors to drive economic cooperation, cultural exchange and joint investment initiatives. He noted it will act through mechanisms such as overseas industrial parks, procurement matching and international exhibitions.
China’s expansion into the Gulf forms part of its broader geopolitical strategy to diversify trade alliances and reduce dependency on Western markets, especially the US. Chinese firms are now deeply involved in infrastructure development across the MENA region, including ports, industrial zones, and renewable energy projects.
The forum drew 465 multinational firms, including 135 from the Fortune Global 500 and 330 leading industry enterprises across 43 countries. Three focused matchmaking sessions brought together over 300 Chinese companies with counterparts in Egypt, the UAE and Saudi Arabia.
Co‑hosts of the event included the Qingdao municipal government, China’s Ministry of Commerce and the Shandong provincial department of commerce, signalling full institutional support and coordination.
With its strategic location in the UAE, the centre is expected to catalyse an export‑oriented alliance, supporting Chinese firms in sectors such as energy, manufacturing and new materials, as well as bolstering the implementation of the Belt and Road Initiative across Gulf markets.
This initiative aligns with a historical trajectory of Sino‑Arab exchange, tracing back over two millennia via the Silk Route. Contemporary developments reflect a sharpened focus on innovation‑driven partnerships.
The unfolding dynamics underscore a growing economic interdependence between China and Gulf states. The QOISC adds an institutional anchor to sustain momentum, foster deeper investment flows, and integrate advanced technology and green energy into bilateral commerce.
However, observers caution China must continue to navigate geopolitical sensitivities, particularly in managing strategic competition with the US and ensuring sustainable and balanced partnerships that benefit local economies.
HÀ TĨNH, VIETNAM – Media OutReach Newswire – 29 June 2025 – VinFast has officially inaugurated its electric vehicle (EV) manufacturing plant in Hà Tĩnh, located in the Vũng Áng Economic Zone, less than seven months after construction began. Spanning 360,000 square meters and with a designed capacity of 200,000 vehicles per year, this marks VinFast’s fifth manufacturing facility worldwide, highlighting the Vietnamese brand’s remarkable execution speed […]
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has greenlit an ambitious slate of strategic initiatives aimed at bolstering Dubai’s stature as a global epicentre for education, business, and eco‑development. The moves—from visa reforms and international academic partnerships to air‑quality drives and governance frameworks—signal a broad shift aligned with the emirate’s Education Strategy 2033 and Economic Agenda D33. At the heart of the agenda is Dubai’s higher‑education transformation. With 37 […]
Over 40 per cent of current agentic AI initiatives are projected to be halted by the close of 2027, Gartner warns, owing to spiralling costs, opaque business value and insufficient risk frameworks. Despite overwhelming industry enthusiasm, most ventures remain confined to pilot stages or proofs of concept and are driven more by hype than by tangible returns. Gartner’s senior director analyst, Anushree Verma, cautions that many vendors are indulging […]
Tesla has not formally announced plans to launch a smartphone, despite persistent online chatter. CEO Elon Musk has dismissed phone development as a low priority, describing it as “a lot of work” and saying he hopes the company never has to build one. Fact-checking organisations confirm that no credible media outlet has reported a Tesla phone release. Rumours of a “Tesla Pi Phone” or “Model Pi” have circulated […]
BANGKOK, THAILAND – Media OutReach Newswire – 28 June 2025 – Green SM, Southeast Asia’s first all-electric ride-hailing platform, developed by Vietnam’s Green and Smart Mobility Joint Stock Company (GSM), has been awarded Green Leadership at the prestigious Asia Responsible Enterprise Awards (AREA) 2025 held in Bangkok. The recognition celebrates Green SM’s pioneering role in shaping a sustainable transportation ecosystem in Vietnam and expanding its green mobility […]
OVHcloud posted €271.9 million in revenue for its third quarter of fiscal 2025, representing organic growth of 9.3%, and confirmed its projection to exceed €1 billion in annual revenue. The Paris‑listed cloud provider attributed the Q3 gains to sustained demand for its Public Cloud arm, which grew 17.2% year‑on‑year to €53.6 million, and a revival in Private Cloud, with new customer intake climbing over 25% in its bare‑metal offering. Web […]
Dubai’s Roads and Transport Authority has completed a trio of targeted road improvements in Business Bay, seeking to significantly enhance traffic flow, safety, and capacity in the high-density mixed-use district. The works — spanning arterial streets, service roads and bridge access — are part of a wider strategic plan to upgrade Dubai’s road network in line with growing urban demands. At the heart of the project is […]
HONG KONG SAR – Media OutReach Newswire – 27 June 2025 – The Hong Kong Institute of Certified Public Accountants (HKICPA) is delighted to announce its renewal of Mutual Recognition Agreement (MRA) with the Association of Chartered Certified Accountants (ACCA). The two accounting bodies continue to join hands together to pave ways for career development of the accounting talents in Hong Kong, with the aim to foster […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 27 June 2025 – Octa, a globally regulated and trusted broker since 2011, was recently named ‘The best CFD broker 2025’ by the AllForexRating.com portal. Having amassed more than 10 industry awards in 2025 only, Octa is recognised for its quality e-brokerage services and proprietary trading platform OctaTrader. Carried out by AllForexRating.com, the Forex Brokers Award yearly highlights brokers’ […]
Continued Gross Profit Margin and Net Operating Cash Flow improvements albeit difficult market conditions HONG KONG SAR – Media OutReach Newswire – 26 June 2025 – HONMA Golf Limited (“HONMA”; together with its subsidiaries, the “Group”; HKEx stock code: 6858), one of the world’s most prestigious golf brands, announces its consolidated annual results for the year ended 31 March 2025 (the “Period”). Financial Highlights Due to economic […]
Ghana’s parliament has given approval to a $2.8 billion debt restructuring agreement with 25 creditor nations, including China, France, the United States, Germany and the United Kingdom. This authorisation is vital for unlocking further disbursements from a $3 billion IMF-backed bailout programme initiated in May 2023. Lawmakers, endorsing the restructuring unanimously, approved measures under a memorandum of understanding signed in January 2025 that reschedule debt payments falling due between 20 December 2022 and […]
Scale AI has locked down thousands of documents containing classified AI training protocols after contractors and experts sounded the alarm on major security oversights. Files tied to high‑profile projects from Meta, Google and xAI—some labelled “confidential” and even editable—were stored in public Google Docs accessible to anyone with the link. The fallout has been swift: core clients have halted work and paused agreements, raising urgent questions about governance […]
PUTRAJAYA, MALAYSIA – Media OutReach Newswire – 26 June 2025 – Malaysia today launched the Startup ASEAN platform, marking the full-scale rollout of a bold, unified digital gateway to connect and empower startups across ASEAN. Spearheaded by the Ministry of Science, Technology and Innovation (MOSTI) and executed by Cradle Fund Sdn Bhd (Cradle), the platform’s regional launch underscores Malaysia’s commitment under its 2025 ASEAN Chairmanship to fostering […]
Dubai has welcomed 8.68 million international visitors between 1 January and 31 May 2025, reflecting a 7 per cent increase compared with the 8.12 million who arrived during the same period in 2024, according to the Tourism Performance Report from the Dubai Department of Economy and Tourism. In May alone, the city hosted 1.53 million international tourists.
Western Europe emerged as the largest source market, supplying approximately 1.917 million visitors—or 22 per cent of the total. Trailing behind were Russia, the Commonwealth of Independent States and Eastern Europe with around 1.396 million tourists. South Asia contributed 1.242 million visitors, while the Gulf Cooperation Council countries accounted for 1.275 million. The Middle East and North Africa numbers reached 989,000, with Southeast and Northeast Asia, the Americas, Africa and Australia following with 9 per cent, 7 per cent, 4 per cent and 2 per cent shares respectively.
Hotel inventory expanded slightly, reaching 825 establishments with 153,356 rooms by the end of May, up from 822 hotels offering 150,202 rooms a year earlier. Occupancy averaged 83 per cent across the five-month span, climbing two percentage points from 81 per cent in 2024. Total occupied room nights reached 19.09 million, a 4 per cent increase over the previous year’s 18.34 million.
Average visitor stays remained steady at 3.8 nights—even as room rates climbed. The average daily rate rose to AED 620, while revenue per available room increased to AED 513, marking a 7 per cent improvement.
These figures follow a landmark 2024 for Dubai, which attracted a record 18.72 million international overnight visitors—an increase of 9 per cent compared to 17.15 million in 2023. At the close of 2024, hotel capacity stood at 832 properties with 154,016 rooms, confirming the city’s commitment to expanding hospitality infrastructure.
Analysts attribute this growth to strengthened global connectivity, robust destination marketing campaigns and a curated events calendar. In Q1 2025, Dubai recorded a 3 per cent year‑on‑year rise in visitor numbers from 5.31 million in the first quarter of last year. Regional data from the same period finds Western Europe contributing 22 per cent, CIS and Eastern Europe 17 per cent, and GCC countries 15 per cent.
Commenting at the Arabian Travel Market expo, Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing, underlined the role of tourism as a gateway for inward investment, talent and trade. He highlighted new partnerships with Amadeus, Premier Inn Middle East and Hyatt, plus training collaborations between the Dubai College of Tourism and Marriott, aimed at enhancing Emirati workforce participation.
Industry observers note that average daily rates in the hospitality sector climbed to AED 647 in Q1, underpinned by stronger ADR and occupancy figures. Sustainable tourism initiatives also gained traction; over 150 hotels have since earned the Dubai Sustainable Tourism Stamp—a 118 per cent year‑on‑year increase.
Dubai’s appeal spans an array of demographics. While Western Europe remains the single largest source market, growth from South Asia, the GCC, CIS countries, and Southeast Asia reflects diversified outreach efforts. Leisure, business travel and high-profile events are all contributing factors.
Capacity expansion has run in parallel with evolving demand. Investments continue not just in hotel rooms but in broadening the tourism ecosystem—spanning cultural attractions, entertainment venues and transport links. Airport infrastructure upgrades and added flight routes further bolster access for key markets.
Despite the sustained momentum, the industry faces challenges including seasonal weather variations, geopolitical volatility and budget competition from other destinations. However, Dubai’s consistently high ADR and RevPAR metrics suggest healthy pricing power across its hospitality sector.
The emirate’s strategy emphasises quality over quantity, focusing on richer, high-yield tourism segments including luxury experiences, MICE, health tourism and eco‑conscious travel. This is aligned with the broader economic vision outlined under the Dubai Economic Agenda, aiming to double the size of the economy by 2033.
Continued collaboration between government bodies, private-sector operators and international partners is central to sustaining this trajectory. As global travel rebounds from pandemic-era disruption, Dubai is leveraging its infrastructure depth, event portfolio and marketing muscle to strengthen its position in the upper echelons of global tourist destinations.
Economic projections for 2025 remain positive. With visitor numbers tracking ahead of last year’s pace and average daily rates increasing, tourism is projected to deliver significant contributions to GDP and related sectors such as transport, retail, entertainment, F&B and real estate.
By Saifur Rahman Global credit rating agencies Moody’s Investors Service, Standard and Poor’s and Fitch Ratings have assigned ‘AA’ rating with stable outlook for the UAE economy, despite the regional tension. This comes right after the cessation of the military conflict in the region that significantly reduces security, political and economic risks. Standard and Poor’s (S&P Global) on June 17 has assigned ‘AA/A-1+’ long- and short-term foreign […]
HONG KONG SAR – Media OutReach Newswire – 25 June 2025 – DL Holdings Group Limited (1709.HK) issued a voluntary announcement to the Hong Kong Stock Exchange on June 24, 2025, stating that it has signed a non-legally binding term sheet with ViaBTC Holdings Limited (hereinafter referred to as “ViaBTC”). The two parties plan to establish a joint venture to initiate in-depth collaboration and jointly explore the […]
Dubai welcomed 8.68 million international tourists between January and May 2025, marking a 7 per cent increase over the 8.12 million recorded in the same period last year. The figures, published by the Dubai Department of Economy and Tourism, highlight the emirate’s growing appeal as a global destination.
The surge was fuelled by a record-breaking 1.53 million visitors in May alone, underscoring sustained momentum through spring. Western Europe emerged as the dominant source market, contributing 1.917 million arrivals—or 22 per cent of the total—with Russia, the Commonwealth of Independent States and Eastern Europe supplying 1.396 million. South Asia accounted for 1.242 million and the Gulf Cooperation Council added 1.275 million. Other regions included the Middle East and North Africa with 989,000 visitors, Northeast and Southeast Asia at 771,000, the Americas tallying 601,000, Africa contributing 346,000 and Australia at 141,000.
Hotel capacity in Dubai climbed modestly to 825 establishments offering 153,356 rooms by the end of May, up from 822 hotels and 150,202 rooms in May 2024. Occupancy rose to an average of 83 per cent, compared with 81 per cent the previous year, while occupied room nights reached 19.09 million—a 4 per cent increase.
Visitors stayed for an average of 3.8 nights. The average daily room rate climbed 5 per cent to AED 620, from AED 590 year‑on‑year, and revenue per available room grew 7 per cent, reaching AED 513.
Industry analysts point to an ambitious events calendar and continued upgrade of transport and hospitality infrastructure as key drivers. The city’s record-breaking 2024 performance—18.72 million international arrivals—has been followed by strong early results this year, suggesting a positive trend. By scaling supply and boosting visitor experience, Dubai continues to fortify its position in the global tourism hierarchy.
Efforts to diversify offerings have extended beyond five-star resorts, as mid‑scale and boutique hotels gain prominence. Projects such as the skyscraper‑hotel “Ciel Dubai Marina” reflect innovation in accommodation, although these newer entries have yet to substantially influence overall room numbers.
Air connectivity also remains critical. Emirates Airline and flydubai have expanded routes across Western Europe, South Asia and emerging markets in the CIS, enabling smoother access to Dubai’s attractions. Tourism authorities are collaborating with carriers and event organisers to synchronise offerings with major exhibitions and festivals.
Although occupancy remains high, some operators report margin pressure due to rising operational costs. The steady uptick in RevPAR, however, indicates that value strategies and premium positioning continue to offset cost challenges. Observers note that managing rate inflation while preserving footfall will be key in sustaining growth.
Growth in South Asian visitor numbers—up 14 per cent—aligns with strengthened marketing partnerships, tailored visa processes and cultural programming. The GCC’s contribution highlights regional integration and growing leisure travel within the Gulf bloc.
Despite global economic uncertainties, Dubai’s performance demonstrates resilience and targeted policy interventions. The city’s continued appeal across a range of segments—from luxury seekers to business travellers and families—suggests adaptability in a competitive market.
On the horizon, new developments such as the Deira Islands and the introduction of sustainability‑focused resorts are expected to further enrich visitor experiences. Operators say that forthcoming supply will align closely with demand, maintaining balanced occupancy and revenue growth.
Dubai’s skyline is poised to gain a striking addition as OMNIYAT officially unveiled its Visionary commercial tower, Lumena, a 48-storey ultra‑luxury workplace development on Sheikh Zayed Road, scheduled to open in the fourth quarter of 2029. The project, valued at AED 3.6 billion, will comprise 91 customizable office units, including full‑floor, half‑floor and standard spaces with panoramic glazing, state‑of‑the‑art biophilic design and smart‑building technology. Shortly after its launch at […]
Small and medium-sized companies need more than just spreadsheets and simple systems to be competitive in today’s fast-paced, digital market. They need a single platform that makes finance, operations, sales, and customer support easier. That too, while still being able to grow and provide them real-time data. Microsoft Dynamics 365 Business Central helps small and medium-sized enterprises run their businesses more effectively. It works well with Office […]
If you’re looking to elevate your driving experience in the UAE, rent McLaren Dubai is the ultimate way to feel the thrill of a lifetime. Known for its Formula 1 heritage, McLaren combines cutting-edge technology, breathtaking speed, and stunning design to deliver supercars that turn heads and ignite passion. Whether you’re a tourist wanting to explore Dubai’s glamorous streets or a business traveler seeking to impress, renting a McLaren […]
