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Bankrupt Crypto Lender BlockFi to Initiate Initial Crypto Payouts via Coinbase

Bankrupt cryptocurrency lender BlockFi revealed plans on Thursday to begin its initial cryptocurrency distributions through Coinbase starting July 2024. The company, which filed for bankruptcy earlier this year amidst regulatory scrutiny and financial woes, aims to kickstart the process of returning funds to its investors. BlockFi’s decision marks a pivotal moment in its bankruptcy proceedings, following months of negotiations with creditors and regulatory bodies. The firm, once […]

Grey Expands its International Presence and Services to Latin America (LATAM), Southeast Asia (SEA) Markets

The company announces new payout support in multiple countries, serving a wider audience of digital nomads as it expands its services and operations to Latin America and Southeast Asia SAN FRANCISCO, US – EQS Newswire – 18 July 2024 – Y Combinator alum Grey (https://Grey.co) a B2C cross-border payments startup founded in 2020, is expanding its services and operations to Latin America (LATAM) and Southeast Asia (SEA). […]

Abu Dhabi and Dubai Shine in Global Smart Cities Ranking

Abu Dhabi and Dubai have emerged as prominent leaders in the global smart cities landscape, securing top positions in the latest international rankings. These cities, known for their rapid technological advancements and innovative urban planning initiatives, have significantly enhanced their infrastructure and services to cater to the evolving needs of residents and businesses alike. The ranking, compiled by a leading international consultancy firm specializing in urban development, […]

eM Client email app launches groundbreaking version 10 with AI support

PRAGUE, CZECH REPUBLIC – Newsaktuell – 18 July 2024 – The Czech company eM Client releases a new version of the eponymous application for Windows, Mac, Android and iOS. eM Client is a popular tool for managing (not only) emails, which has become the main challenger to Microsoft Outlook for both end users and businesses. Version 10 brings the largest number of new features and improvements in […]

World’s First “100% DORAEMON & FRIENDS” Exhibition at Victoria Dockside, K11 Art and Cultural District Drives Surge of 30% in Footfall and 60% in Tourist Sales at K11 MUSEA During the Opening Weekend

Summer Nostalgia Revitalises the City with Cultural IP HONG KONG SAR – Media OutReach Newswire – 17 July 2024 – Victoria Dockside, K11 Art and Cultural District, has been selected once again as the ultimate global debut stage for mega events, this time for the highly-anticipated “100% DORAEMON & FRIENDS” exhibition. Doraemon and friends arrived at the iconic landmark Avenue of Stars on 13 July and transformed […]

Emirates NBD Sees 14.5% Profit Surge in Q2

Emirates NBD, Dubai’s largest bank by assets, has announced a 14.5% increase in net profit for the second quarter of 2024, driven by robust loan growth and improved performance of its subsidiaries. The bank’s net profit rose to AED 3.6 billion ($980 million), compared to AED 3.15 billion in the same period last year. Several factors contributed to this growth, including a surge in net interest income […]

Jadwa Investment Secures Majority Stake in Tikkaway

Jadwa Investment, a prominent Saudi private equity firm, has acquired a 60% stake in Tikkaway, an emerging player in the fast-casual dining sector. This strategic acquisition aligns with Jadwa’s broader goal of diversifying its investment portfolio and strengthening its presence in the consumer sector. The deal, valued at an undisclosed amount, marks a significant step for Jadwa in expanding its footprint within the hospitality and food service […]

Sathya Shankar Embodies A Person Of Vision And High Perseverance

By Harihar Swarup A seed of an idea is all you need for success. Sathya Shankar K. would know for there is a , tiny seed at the heart of his success story. His life got a kick-start in 1984. At only 18, Shankar had applied for an auto-rickshaw driving license. But it was more […]

Citi to Take Wealth Management to Next Level with the Market-First Launch of Wealth 360

Entering an Open Banking Era That Fosters a Customer-Centric Banking Landscape Through the IADS Pilot Program HONG KONG SAR – Media OutReach Newswire – 17 July 2024 – Citi Hong Kong today announced the launch of Wealth 360, a pioneering digital wealth management feature on Citi Mobile® App, through the Interbank Account Data Sharing (IADS) pilot program introduced by the Hong Kong Monetary Authority (HKMA). This first-in-market […]

Oman Leads GCC with Personal Income Tax

Arabian Post Staff -Dubai Oman is on the cusp of becoming the first Gulf Cooperation Council (GCC) country to implement a personal income tax, sparking debates about whether other Gulf nations might follow suit. This historic move aims to diversify Oman’s revenue streams, reducing its dependency on oil, and supporting its Vision 2040 plan for sustainable economic growth. The proposal, recently approved by Oman’s Majlis Al-Shura and […]

SOLOWIN Launches Solomon VA+, Leading the Way with Hong Kong’s First App to Integrate Traditional and Virtual Asset Trading and Wealth Management Services

HONG KONG SAR – Media OutReach Newswire – 17 July 2024 – SOLOWIN HOLDINGS (“SOLOWIN” or the “Company”) (Nasdaq: SWIN), a securities brokerage offering comprehensive financial services to investors worldwide, announced the launch of Solomon VA+, an institutional-grade all-in-one smart trading app through its subsidiary, Solomon JFZ (Asia) Holdings Limited (“Solomon”). Ms. Lily Liu, CFO of Solowin (Left 2), Mr. Yang Zhao, Deputy CEO of Finloop (Left […]

IMF Lowers Saudi GDP Growth Forecast Amid Oil Production Cuts

The International Monetary Fund (IMF) has adjusted its economic projections for Saudi Arabia, revising down the expected GDP growth due to significant cuts in oil production. The revision comes as global oil markets continue to face volatility amidst geopolitical tensions and shifting demand dynamics. Saudi Arabia, the world’s largest oil exporter, has been implementing production cuts as part of coordinated efforts by OPEC+ to stabilize oil prices […]

UK’s Labour Government Reveals Ambitious ‘National Renewal’ Strategy

The UK’s new Labour government has rolled out its eagerly anticipated ‘National Renewal’ plans, aiming to redefine the country’s economic and social landscape. Spearheaded by Prime Minister Emily Johnston, the initiative marks a bold departure from previous policies, focusing on revitalizing key sectors and addressing pressing societal challenges. Central to the strategy is a substantial investment in sustainable infrastructure, with a pledge to allocate billions towards renewable […]

Major Changes Ahead for UAE in Next 6 Months

The United Arab Emirates (UAE) is set to undergo significant transformations in the coming months, with four key changes poised to reshape various aspects of life in the nation. These developments, slated to take effect within the next half-year, span economic policies, social initiatives, and regulatory reforms. Firstly, a landmark economic reform is on the horizon, aiming to bolster the UAE’s position as a regional hub for […]

UAE and Angola Discuss Economic Cooperation

Mohamed Bin Hadi Al Hussaini, the UAE’s Minister of State for Financial Affairs, recently met with Vera Daves de Sousa, Angola’s Minister of Finance, to explore opportunities for bilateral cooperation in various economic sectors. The meeting focused on enhancing ties between the two nations, particularly in trade, investment, and financial services. During the discussions, Al Hussaini emphasized the UAE’s commitment to fostering stronger economic relations with Angola, […]

UP ZOOM Announces its Expansion into the Thai Advertising Market

NEW YORK, US – Media OutReach Newswire – 17 July 2024 – Recently, UP ZOOM announced its expansion into the Thai market, demonstrating its ambitious plans for international growth. Since its inception, UP ZOOM has leveraged cutting-edge technologies such as artificial intelligence, big data, and machine learning to deliver efficient and personalized advertising solutions to clients worldwide. UP ZOOM has made substantial investments in technological research and […]

Tanzania Moves to Boost Local Currency With Mandate for Tourist Payments in Shillings

Tanzania has implemented a new directive aimed at bolstering its local currency, the Tanzanian Shilling (TZS), by requiring tourists to conduct transactions using the national currency. The move, announced recently by Tanzanian authorities, seeks to reduce reliance on foreign currencies in the tourism sector, which is a significant contributor to the country’s economy. Tourism plays a pivotal role in Tanzania’s economic landscape, attracting millions of visitors annually […]

Goldman Sachs Expands Focus to Middle East Investment Opportunities

Arabian Post Staff -Dubai Goldman Sachs is ramping up its investment strategies targeting the Middle East, following similar moves by its competitors. This strategic shift aims to capitalize on the burgeoning opportunities in the Gulf region, which has seen significant economic growth and investment potential in recent years. Goldman Sachs plans to introduce new strategies allowing the firm and its high-net-worth clients to invest in the Gulf’s […]

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 […]

Iconic Dusit Thani Bangkok hotel confirms reopening on 27 September 2024 with a stunning new look and elevated guest experience

Rebuilt from the ground up, the outstanding new property pays homage to the original hotel’s rich heritage while setting new benchmarks for service and design that will ripple through Dusit Hotels and Resorts worldwide. Breathtaking Lumpini Park views from every guest room are just one of the highlights. BANGKOK, THAILAND – Media OutReach Newswire – 16 July 2024 – Dusit International, one of Thailand’s leading hotel and […]

Chubb Appoints Ben Howell to Lead its General Insurance Business in Australia and New Zealand

Accomplished insurance executive with extensive Asia Pacific experience moves into Country President role SYDNEY, AUSTRALIA – Media OutReach Newswire – 16 July 2024 – Chubb today announced Ben Howell has been appointed Country President of the company’s general insurance business in Australia and New Zealand. Currently, Howell is Executive Vice President and Head of Consumer for Chubb Asia Pacific. In his new role, he will have responsibility […]

James David Vance Holds $250,000 in Bitcoin Amid Crypto Regulation Concerns

James David Vance, currently a prominent figure as a potential vice presidential candidate alongside Donald Trump, has disclosed holdings worth $250,000 in Bitcoin (BTC). His revelation comes amidst ongoing debates over cryptocurrency regulation, where he has positioned himself as a vocal critic of SEC Chairman Gary Gensler’s policies. Vance’s involvement in the crypto sphere has been marked by his staunch opposition to regulatory measures proposed by Gensler, […]

Octa: 5 pitfalls to avoid when choosing a financial broker

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 16 July 2024 – When deciding which broker to trade with, there are several caveats to consider. A good broker is hard to find, especially if you are an emerging trader who has yet to become knowledgeable in the intricacies of the financial markets. However, some time-proven rules allow you to manage the risks and make this decision confidently. […]