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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 2 June 2025 – June 2025 is shaping up to be one of the most eventful months of the year for global markets. For traders, this means opportunity—but also volatility. The economic calendar is packed with macroeconomic data releases and central bank meetings, while geopolitical risks remain close to the surface. Beyond the usual inflation prints and interest rate […]

LightEdge, a provider of hybrid hosting solutions, has expanded its collaboration with Corero Network Security through a $1.2 million agreement aimed at enhancing its defence against distributed denial-of-service attacks. This strategic move involves the deployment of Corero’s SmartWall ONE platform across LightEdge’s global data centre network, replacing an existing competitor’s solution. The expanded partnership underscores LightEdge’s commitment to bolstering its cybersecurity framework, particularly as organisations increasingly adopt […]

NetActuate has unveiled a new point of presence in Dublin, Ireland, marking its tenth operational site in Europe. Situated within Equinix’s DB1 Dublin IBX Data Center, this expansion aims to bolster the company’s capacity to deliver low-latency, high-performance connectivity across the continent. The Dublin facility offers direct access to major digital exchange points, including the Equinix Internet Exchange and the Internet Neutral Exchange , facilitating seamless interconnection […]

WASHINGTON D.C, USA – Media OutReach Newswire – 1 June 2025 – Vietnam’s Minister of Agriculture and Environment Do Duc Duy plans to lead a delegation with nearly 50 agencies, agribusinesses and associations to explore opportunities to promote trade and import agrifood and timber from the United States during June 1-7, 2025. The delegation expects to participate in business dialogues in Iowa, Ohio, and Washington D.C. Vietnamese […]

Commerce Dot Com Sdn Bhd honoured with Corporate Excellence Award at APEA 2025 for driving ethical, inclusive, and impactful digital transformation in Malaysia’s public procurement sector. PETALING JAYA, MALAYSIA – Media OutReach Newswire – 31 May 2025 – In an era where digital transformation often prioritises scale and speed, Commerce Dot Com Sdn. Bhd. (CDC) is proving that integrity, inclusion, and impact can and should guide innovation. […]

Engie-backed National Central Cooling Company, known as Tabreed, and private equity firm CVC Capital Partners have entered exclusive negotiations to acquire PAL Cooling Holding , the district cooling arm of Abu Dhabi’s Multiply Group. The transaction is expected to value the business at approximately $1.1 billion, according to individuals familiar with the matter.

The joint bid by Tabreed and CVC emerged as the leading offer among several contenders, including KKR, I Squared Capital, Investcorp, and Abu Dhabi National Energy Company . Discussions have now progressed to a bilateral phase between the preferred bidders and Multiply Group, a subsidiary of International Holding Company , chaired by Sheikh Tahnoon bin Zayed Al Nahyan.

PAL Cooling Holding operates six district cooling plants in Abu Dhabi, with a combined installed capacity of approximately 139,800 refrigeration tonnes. The company maintains long-term service agreements with prominent real estate developers such as Aldar Properties and Reem Developers, providing chilled water for air conditioning to a range of commercial and residential properties across the emirate.

District cooling systems, which distribute chilled water through insulated pipes to multiple buildings, offer a more energy-efficient and environmentally friendly alternative to traditional air conditioning. These systems are particularly prevalent in the Gulf region, where summer temperatures can exceed 50 degrees Celsius, making efficient cooling solutions essential for urban infrastructure.

The potential acquisition aligns with Tabreed’s strategic expansion plans. The company currently operates over 80 district cooling plants across the Middle East, delivering more than 1.2 million refrigeration tonnes of cooling capacity. Tabreed’s portfolio includes high-profile projects such as the Burj Khalifa, Sheikh Zayed Grand Mosque, and the Dubai Metro.

CVC Capital Partners, headquartered in Luxembourg, has been actively seeking investment opportunities in the Middle East, reflecting a broader trend among international private equity firms. The region’s push to diversify economies away from oil dependency has made sectors like sustainable infrastructure increasingly attractive to foreign investors.

Multiply Group, the seller in this transaction, is an investment holding company with interests spanning media, utilities, and technology. The divestment of its district cooling unit is part of a strategic realignment to focus on core business areas. The company had engaged Standard Chartered Bank to explore potential buyers for PCH earlier this year.

Following reports of the exclusive talks, Tabreed’s shares experienced a 4.3% increase, reaching 2.68 dirhams during midday trading on the Abu Dhabi Securities Exchange. This uptick reflects investor optimism regarding the company’s growth prospects and the strategic value of the potential acquisition.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 30 May 2025 – Traders and investors alike are unnerved by the recent turbulence in the bond markets. After Moody’s—a major rating agency—downgraded U.S. government debt on 16 May, and Japanese long-term bond yields soared to multi-decade highs, some market participants started to fear that the world may be on the verge of a major debt crisis. Meanwhile, the […]

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Huatai Securities has continuously expanded its international presence since its H-share listing a decade ago. Over the past ten years, Huatai Securities has facilitated nearly 600 domestic and international financing deals for enterprises globally, with a total fundraising volume of approximately USD 280 billion. HONG KONG SAR – Media OutReach Newswire – 30 May 2025 – As Huatai Securities approaches the 10th anniversary of its H-share listing, […]

Gridora, a new infrastructure platform supported by ADQ, the Investment Holding Company , and Modon Holding, has formalised its first major collaboration by signing a memorandum of understanding with the Abu Dhabi Projects and Infrastructure Centre . This partnership aims to streamline the planning and execution of key transport infrastructure projects within the emirate. The MoU sets a strategic framework for cooperation, enabling Gridora and ADPIC to […]

Akshay Dosaj and Asif Rashid  The UAE’s small and medium-sized enterprises (SMEs) sector is poised for substantial expansion, with projections estimating nearly one million businesses by 2030. As these enterprises navigate a competitive and dynamic environment, mergers and acquisitions (M&A) have become essential strategies for sustainable growth. To maximize these opportunities, SMEs need tailored solutions and expert guidance to achieve their growth ambitions and align with the […]

The Gulf nations offer more than growth potential. For VinFast, it presents a well-timed opportunity to expand into a region that’s actively investing in clean transportation while remaining open to new players. HANOI, VIETNAM – Media OutReach Newswire – 29 May 2025 – Gulf countries are reinventing themselves, quickly. They are now investing in cleaner energy, modern infrastructure, and long-term economic resilience. National strategies like UAE Vision […]

The real estate landscape in the UAE has evolved significantly in recent years, especially in Dubai where the sector has become synonymous with innovation and excellence. Among the standout players propelling this change is Object 1, a dynamic developer that recently made headlines with the launch of its prestigious N1 Awards. This initiative isn’t just a celebration—it’s a statement about Object 1’s vision for the industry. A […]

HONG KONG SAR – Media OutReach Newswire – 29 May 2025 – Rail leaders of global sustainable development consultancy Arup from across the Asia Pacific region shared their insights into the future of rail at Asia Pacific Rail 2025, ranging from the role of transit-oriented development in funding rail infrastructure, the use of the latest green and smart technology in transit systems, station transformation, and customer journey […]

A fully operational computer system that runs entirely within a web browser is reshaping the way users interact with technology, removing the need for traditional hardware or software installations. This breakthrough in cloud computing and browser technology delivers a complete operating system environment accessible from virtually any device with internet connectivity, opening new possibilities for both individual users and organisations. The web-based operating system offers a comprehensive […]

Morgan Stanley has firmly denied accusations from the Dutch Public Prosecution Service alleging the financial giant evaded tax on dividends worth nearly $1 billion more than ten years ago. The dispute centres on complex tax structures employed by the bank that Dutch authorities contend were designed to avoid paying the appropriate tax on substantial dividend income. Dutch prosecutors assert that the investment bank engaged in schemes dating […]

ADNOC Drilling has entered into an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwait and Oman for $112 million. The joint venture encompasses eight fully operational land rigs—two in Kuwait and six in Oman—currently under contract with the respective national oil companies. The transaction, pending customary regulatory approvals, is anticipated to close in the first quarter of 2026. ADNOC Drilling plans […]

BANGALORE, INDIA – Media OutReach Newswire – 29 May 2025 – Avnet India Pvt Ltd, a leading global technology distributor and solutions provider, today announced its partnership with the National Institute of Technology Karnataka (NITK), Surathkal, one of India’s premier academic institutions. This collaboration, an integral part of Avnet India’s robust ESG (Environmental, Social, and Governance) initiatives, focuses on leveraging Avnet’s recognized expertise in AI-driven solutions for […]

Over 100 AI+ Game Changers Share Cutting-Edge AI Trends—Register for Free to Unlock New Opportunities. HONG KONG SAR- Media OutReach Newswire – 29 May 2025 – Artificial Intelligence (AI) is the game-changing key! Presented by BUSINESS GOVirtual (BGOV), AI+ Power 2025, Hong Kong’s premier AI application exhibition, will take place on June 5-6, 2025, at the Hong Kong Convention and Exhibition Centre. Showcasing local and Greater Bay […]

GameStop Corp. has acquired 4,710 Bitcoin, marking a significant move into digital assets as part of its evolving corporate strategy. The announcement, made from the company’s headquarters in Grapevine, Texas, reflects a broader shift in its investment approach, aligning with its updated corporate policy to include cryptocurrency holdings.

The acquisition positions GameStop among a growing list of publicly traded companies integrating Bitcoin into their treasury reserves. This strategy mirrors that of firms like MicroStrategy, which have adopted similar approaches in recent years. GameStop’s decision comes amid ongoing challenges in its traditional retail operations, including declining physical game sales and increased competition from digital platforms.

Market reactions to the announcement were immediate, with GameStop’s stock experiencing a 6.5% increase in pre-market trading. This uptick reflects investor optimism about the company’s diversification efforts and its potential to capitalize on the growing interest in digital assets.

The company’s move into Bitcoin follows a broader trend of corporate adoption of cryptocurrencies, as businesses seek alternative assets to hedge against inflation and diversify their portfolios. Analysts have noted that while such strategies carry inherent risks due to the volatility of digital currencies, they also offer opportunities for significant returns.

GameStop’s financial position, with a reported $4.8 billion in cash reserves as of early February, provides the company with the flexibility to explore such investments. The decision to allocate a portion of these reserves to Bitcoin indicates a calculated risk aimed at long-term growth and resilience in a rapidly changing market landscape.

Industry observers have highlighted the potential benefits of this move, suggesting that it could enhance GameStop’s appeal to a broader investor base and align the company with emerging financial trends. However, they also caution that the success of this strategy will depend on the company’s ability to manage the inherent risks associated with cryptocurrency investments.

Don’t Miss Out on the Million-dollar Opportunity at Asia’s Most Dynamic Ecosystem HONG KONG SAR – Media OutReach Newswire – 28 May 2025 – The 9th Elevator Pitch International Competition (EPIC 2025), organised by Hong Kong Science and Technology Parks Corporation (HKSTP), has only 3 weeks left for global startups with their anchor in FinTech, and new tech tracks Digital Health and Green Tech, respond to the […]

APR introduces its sustainably produced Viscose and Lyocell by Sateri fibres to the Vietnamese market SaigonTex 2025 represents APR’s largest presence in Vietnam to date, reinforcing its commitment to the country’s growing textile industry SINGAPORE – Media OutReach Newswire – 28 May 2025 – Asia Pacific Rayon (APR), a leading global manufacturer of viscose staple fibre products, has rolled out its viscose and lyocell products to potential […]

SINGAPORE – Media OutReach Newswire – 28 May 2025 – Alcatel-Lucent Enterprise, a leading provider of secure networking and communications solutions that enable organizations and industries to accelerate their operational efficiencies and competitiveness, is pleased to announce the appointment of Sandrine El Khodry as the new Executive Vice President of Global Sales & Marketing, reporting directly to the company CEO, Yann Zhang. From her extensive roles within […]

The Walvis Bay municipal council has approved a N$1.3 billion budget for the 2025/2026 financial year, focusing on infrastructure development, housing, and service delivery improvements. Management committee chairperson Richard Hoaeb presented the budget during a special council meeting, outlining allocations aimed at addressing the town’s pressing needs. A significant portion of the budget, N$887 million, is earmarked for capital projects extending beyond a single financial year. For […]

Demonstrating Financial Stability, Proposed Final Dividend of HK$0.81 cents per share, Exploring Overseas Market to Diversify Income Source HONG KONG SAR – Media OutReach Newswire – 27 May 2025 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) announced its annual results and its financial position. For the year ended 28 February 2025 (“FY2025”), the […]

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