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Saudi Arabia Unveils New Tourist Program to Attract Chinese Travelers

Saudi Arabia is rolling out the welcome mat for Chinese tourists, aiming to significantly boost arrivals from the world’s most populous nation. A new agreement, implemented in July 2023, grants China Approved Destination Status (ADS), streamlining the travel process for Chinese group tours. This initiative marks a significant step towards Saudi Arabia’s ambitious goal of attracting 5 million Chinese tourists by 2030. The ADS program simplifies travel […]

HKSTP’s Startup BioMap Secured Funding from HKIC for AI and Biotech Development

HONG KONG SAR – Media OutReach Newswire – 24 June 2024 – Hong Kong Science Park Corporation (HKSTP) congratulates BioMap, a Park company, on its strategic partnership with the Hong Kong Investment Corporation Limited (HKIC) to jointly propel innovation across multiple sectors including biopharmaceuticals, green technology, and new industrialisation, further cementing Hong Kong’s position as an international hub for innovation and technology. Clara Chan, CEO of HKIC […]

Bupa and Quality HealthCare Medical Services Receive HKQAA ESG Connect Recognition

HONG KONG SAR – Media OutReach Newswire – 24 June 2024 – Bupa (Asia) Limited (Bupa) and Quality HealthCare Medical Services Limited (QHMS) are proud to announce that they have been awarded the Hong Kong Quality Assurance Agency HKQAA ESG Connect Program “Solution Providers” mark and sticker. This recognition highlights Bupa and QHMS’s exceptional performance in environmental, social, and governance (ESG) practices. Both companies have also received […]

Saudi Arabia’s Trade Booms on Non-Oil Exports

Saudi Arabia’s trade surplus reached an impressive $11 billion in April, marking the highest point of 2024 so far. This surge is attributed to a significant increase in non-oil exports, indicating a potential diversification of the kingdom’s traditionally oil-reliant economy. The news comes as a welcome sign for Saudi Arabia’s Vision 2030, an ambitious plan to reduce dependence on hydrocarbon exports and foster economic growth in other […]

EFT Solutions entered in a MOU with Mongolbank, First Hong Kong ePayment technical partner to accelerate local digital transformation

Promoting cross-boundary interconnectivity of e-payments HONG KONG SAR – Media OutReach Newswire – 24 June 2024 – EFT Solutions Limited (“EFT Solutions” or the “Company”), member of EFT Solutions Holdings Limited (together with its subsidiaries, the “Group”; stock Code: 8062.HK), a leading electronic fund transfer point-of-sales (“EFT-POS”) solution provider in Hong Kong, is pleased to announce that the Company entered into a memorandum of understanding (the “MOU“) […]

Dubai Rental Market Anticipates Double-Digit Increase

Dubai’s rental market is expected to see another significant increase by the year’s end, with industry experts predicting a 10% jump in prices for the remainder of 2024. This follows a robust first half that already witnessed a similar surge, driven by Dubai’s burgeoning economy and rising influx of residents. The strong rental market performance aligns with Dubai’s overall economic growth. The emirate has witnessed a surge […]

Failed Privatisation May Be Behind Falling Standards Of The Railways

XTransfer Attends 2024 Dalian Summer Davos

The Only Chinese Payment Company in the Unicorn Community HONG KONG SAR – Media OutReach Newswire – 24 June 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is pleased to announce its participation in the “15th Annual Meeting of the New Champions” (Summer Davos) of the World Economic Forum, which will be held from June 25 to 27 in Dalian, China. […]

Chipmaker Nvidia Gears Up for Middle East Debut Despite US Export Restrictions

Telecom giant Ooredoo’s CEO has revealed that chipmaker Nvidia is poised for a major launch in the Middle East, a region facing limitations on imports of advanced US-made artificial intelligence (AI) technologies. The details of Nvidia’s launch and the specific products it will offer remain unclear, but the move signifies the company’s intent to tap into a growing market while navigating the complexities of US export regulations. […]

Dive into the Heart of Thai Traditions with the New ’OZO x Siam Niramit’ Package at OZO Phuket, from Just £65 per person, per night

BANGKOK, THAILAND – Media OutReach Newswire – 24 June 2024 – OZO Phuket invites guests to immerse themselves in the rich tapestry of Thai culture with the newly launched ‘OZO x Siam Niramit’ package. The experience combines the laid-back beachfront ambiance of OZO Phuket with the awe-inspiring spectacle of Siam Niramit’s cultural show, promising an unforgettable journey into the heart of Thailand. Starting from just £65 per […]

Forvis Mazars in Singapore conquers Mount Kinabalu to empower young women in Singapore

Leading professional services firm celebrates new global network with impactful climb for Project Pari. SINGAPORE – Media OutReach Newswire – 24 June 2024 – Forvis Mazars in Singapore, a leading global professional services network, commemorates the completion of the global network formation – with an awe-inspiring mission. A team of nine from the firm will embark on a challenging and impactful expedition: scaling Mount Kinabalu, Southeast Asia’s […]

Oman Banks See Surge in Private Deposits

Oman’s commercial banking sector is experiencing a significant upswing in private deposits, with the total value surpassing $41. 6 billion. This marks a positive development for the country’s financial landscape, indicating growing confidence among residents and businesses in the stability of the banking system. The rise in deposits can be attributed to several factors. One major driver is Oman’s economic diversification efforts. The government’s initiatives to reduce […]

Air Cargo Rates Soar Thanks to Continued Demand from Asia and Middle East

Arabian Post Staff -Dubai Despite traditionally being a slower period for the industry, global air cargo rates are defying expectations and holding steady. This resilience is primarily driven by robust demand and high spot rates originating from Asia and the Middle East, according to recent data and analysis by WorldACD Market Data. While total global tonnages dipped slightly by 2% during the week of June 10th to […]

Workato Welcomes New Members to the Leadership Team for the Next Phase of Growth and Innovation

At a time of accelerated growth, the AI-driven enterprise orchestration platform welcomes new members to Product and Go-to-Market teams SINGAPORE – Media OutReach Newswire – 20 June 2024 – Workato®, the leading AI-driven Enterprise Orchestration platform, today announces two new appointments to the leadership team; Chandar Pattabhiram is joining as the company’s first Chief Go-to-Market Officer, and Bhagat Nainani is joining as the Head of Product and […]

China Pushes for Lower Credit Card Fees

China is urging Visa and Mastercard, the world’s leading payment processors, to reduce the fees levied on transactions conducted with foreign credit cards within the country. This move aims to streamline the payment process for international visitors and potentially boost tourism spending. The negotiation is being spearheaded by the Payment & Clearing Association of China (PCAC), an industry group representing China’s domestic payment networks. The PCAC has […]

Kuwaiti Banks Buoyant as Liquidity Surges to Record Highs

Kuwait’s banking sector is awash with cash, with total liquidity reaching a record high of $208 billion. This windfall, attributed to a confluence of factors including high oil prices and government spending, has bolstered the financial system and created a positive outlook for the country’s lenders. The surge in liquidity is primarily driven by Kuwait’s strong oil export earnings. With global oil prices hovering near multi-year highs […]

Giveaway.com Unveils Penny Win, The Future of Investing Starts With Pennies

VILNIUS, LITHUANIA – Media OutReach Newswire – 21 June 2024 – Giveaway.com is set to launch a new feature, Penny Win, at the end of June 2024. This feature enables users to engage in micro-investments starting from as little as 0.1 USDT. Penny Win is designed to allow participants to incrementally increase their investments in a structured manner. The platform encourages ongoing participation by allowing incremental investment […]

Chemical Industry Drives Saudi M&A Activity in Q1

Saudi Arabia’s mergers and acquisitions (M&A) market witnessed a surge in activity during the first quarter of 2024, with a total deal volume reaching $955 million. This upswing was primarily fueled by the chemicals sector, which contributed over half of the total value at $500 million. The data, compiled by financial markets platform Dealogic, highlights Saudi Arabia’s position as a leader in the Middle Eastern chemicals M&A […]

Creatory, MoneyHero Group’s Multi-Channel B2B2C Influencer Platform, Collaborates with The Club to Boost Hong Kong’s Creator Economy

HONG KONG SAR – Media OutReach Newswire – 21 June 2024 – Creatory, a multi-channel B2B2C influencer platform and a subsidiary of MoneyHero Limited (NASDAQ: MNY), today announced its collaboration with The Club, HKT’s customer loyalty programme, to boost Hong Kong’s creator economy. (From left to right) Clive Chow, Chief Operating Officer, The Club ; Dhruv Johri, Head of Commercial – Hong Kong, MoneyHero Group; Shravan Thakur, […]

Revolutionize Business Start in Hong Kong with SetupHK’s Groundbreaking $1 Company Setup Program

HONG KONG SAR – Media OutReach Newswire – 21 June 2024 – In a bold move to bolster Hong Kong’s entrepreneurial spirit during challenging economic times, SetupHK, a leading one-stop business consulting service, has unveiled its innovative $1 Company Setup Program. This transformative initiative is designed to drastically reduce the barriers to entry for new businesses, catalyzing growth and innovation in Hong Kong’s dynamic market. “Our $1 […]

Kuwait Faces Extended Power Outages as Summer Heat Swells

Kuwait is bracing for more disruptions to its electricity grid as the searing summer temperatures push the nation’s power capacity to its limits. The Ministry of Electricity, Water and Renewable Energy announced the implementation of extended power cuts across various regions to combat the rising demand for electricity during peak hours. These scheduled blackouts, lasting up to two hours, are a stark reminder of the challenges Kuwait […]

UAE Emerges as Top Destination for Foreign Businesses

The United Arab Emirates (UAE) has solidified its position as a global hub for foreign direct investment (FDI), climbing to the second spot internationally for greenfield FDI projects in 2023. This significant surge, propelled by a business-friendly environment and strategic initiatives, positions the UAE as a major player in the race to attract international investment. According to the 2024 World Investment Report by the United Nations Conference […]

Energean Sheds Mediterranean Assets in $945 Million Deal

London-listed Energean plc has struck a deal to sell its exploration and production assets in Egypt, Italy, and Croatia to private equity giant Carlyle Group for an enterprise value of up to $945 million. The transaction, announced on June 20, 2024, marks a strategic shift for Energean, allowing it to focus on its core gas development projects in Israel and Morocco. The divestment encompasses a portfolio with […]

Generali Hong Kong Triumphs with Two Awards at the Bloomberg Businessweek Financial Institution Awards 2024

HONG KONG SAR – Media OutReach Newswire – 21 June 2024 – Generali Hong Kong has received two prestigious awards at the Bloomberg Businessweek (Chinese Edition) Financial Institution Awards 2024, recognizing its excellence in making a positive impact on the community and outstanding achievement in digital marketing strategies. Generali Hong Kong has received two prestigious awards at the at the Bloomberg Businessweek (Chinese Edition) Financial Institution Awards […]