Iraq is swinging open the doors to its hydrocarbon bounty. On May 11th, Prime Minister Mohammed Shia al-Sudani announced the launch of the fifth supplementary and sixth licensing rounds, offering up 29 oil and gas exploration projects across 12 Iraqi provinces. This move signifies a significant shift, marking the first major acreage bid round since 2018. The Iraqi government hopes this initiative will be a win-win. By […]
SIHANOUKVILLE, CAMBODIA – Media OutReach Newswire – 13 May 2024 – In a historic move, AIM Global Foundation and Canopy Sands Development (CSD) have signed a Memorandum of Understanding (MOU) today to jointly develop an international convention and exhibition center in the Bay of Lights, Sihanoukville, Cambodia. Representatives from AIM Global Foundation and Canopy Sands Development sign a MOU at the 2024 AIM Congress, initiating a landmark […]
Money sent home by foreign workers in Saudi Arabia reached a two-year high in March, reflecting a growing expatriate population and their evolving financial habits. According to official data, remittances climbed 28% compared to February, reaching a total of $3. 2 billion (SR 11. 96 billion). This marks the highest level of expatriate money transfers since June 2022. The surge in remittances is attributed in part to […]
JPMorgan Chase, a leading American financial institution, disclosed a data breach impacting the personal information of over 450, 000 customers. According to filings submitted to the Maine Attorney General’s office, the bank identified a software vulnerability that remained active since August 26, 2021. This flaw gave unauthorized access to retirement account records of affected customers. The exposed data reportedly included names, addresses, Social Security numbers, and bank […]
Travel woes in Dubai could soon be a thing of the past. The emirate’s Roads and Transport Authority (RTA) announced significant progress on the Al Shindagha Corridor Improvement Project, a large-scale initiative aimed at slashing commute times. With phase 4 nearing completion, residents can expect journeys to become dramatically faster. The project tackles a 13-kilometer stretch, encompassing 15 intersections. Currently in its fourth phase, construction is progressing […]
HANOI, VIETNAM – Media OutReach Newswire – 8 May 2024 – For the first time in Vietnam, the international exhibition specializing in stationery will be held under the name International Exhibition for Smart Office Solutions, Office Equipment and Stationery (VietOffice 2024). This is an event organised by VINEXAD – Vietnam’s leading exhibition organizer in collaboration with Vietnam Office Machinery Association (VOMA), from May 22nd to May 24th, […]
BEIJING, CHINA – Media OutReach Newswire – 8 May 2024 – The number of Mainland Chinese small businesses that expect to grow and hire new employees this year is on the rise, reflecting an improving business environment, according to a new survey by one of the world’s largest professional accounting organisations, CPA Australia. CPA Australia Asia-Pacific Small Business Survey 2023-24 – Mainland China results CPA Australia’s annual […]
The Emirate of Ras Al Khaimah (RAK) announced plans to chart a new course for its rural areas with the development of a comprehensive master plan. This initiative aims to revitalize these regions, fostering economic growth, enhancing infrastructure, and improving the overall quality of life for residents. The master plan will encompass a wide range of considerations, including land-use strategies, economic development initiatives, housing solutions, transportation advancements, […]
The Monetary Policy Committee of the Bank Negara Malaysia (BNM) will meet on 8 – 9 May to decide on monetary policy. Octa’s experts expect the interest rate to remain at 3.00%. Read for more details. Bank Negara Malaysia will likely keep the overnight policy interest rate stable at 3.00% at the next monetary policy meeting on 8 – 9 May. Investors’ expectations for the tight U.S. […]
South Korea’s fiscal health came under strain in the first quarter of 2024, with the government recording its largest ever deficit for the January-March period. The managed fiscal balance, a key metric that tracks government spending and revenue on a stricter basis than the general budget, plunged to a deficit of 75. 3 trillion won (around $55 billion). This figure dwarfs the previous record of 54 trillion […]
MoneyHero study casts a spotlight on personal loan trends in Hong Kong, analysing organic traffic data and applications through the MoneyHero platform that manages approximately 1.4 million monthly unique users. Year-over-year data also revealed an increase in user interest in loans from licensed money lenders, with the proportion of applications for money lender loans versus bank loans growing from 51% in 2022 to 62% in 2023, while […]
A new wave of regional collaboration is surging across industries, aiming to accelerate digital transformation efforts. This unified approach brings together businesses, universities, and government agencies to tackle shared challenges and unlock the full potential of digital technologies. One prime example of this collaborative spirit is the University Startups Initiative Program in the Middle East and North Africa (MENA) region. Launched in 2023, the program fosters partnerships […]
PLANO, TX and MANILA, PHILIPPINES – ACCESSWIRE – 9 May 2024 – Intrusion Inc. (NASDAQ:INTZ), a leader in cyberattack prevention solutions, and Total Information Management Corporation (TIM), a key provider of technology solutions (Data Center services, Cybersecurity, System Integration) in the Philippines, today announced a deal with Orca Cold Chain Solutions, a cutting-edge logistics and supply chain management company. Under the terms of the agreement, TIM will […]
ICONSIAM and Siam Paragon ascends global ranks – steadfast on becoming world’s most recognized destinations in Thailand BANGKOK, THAILAND – Media OutReach Newswire – 9 May 2024 – Siam Piwat – a leading real estate and retail developer, the owner and operator of world-renowned destinations such as Siam Paragon, Siam Center and Siam Discovery, and a joint venture partner of ICONSIAM and Siam Premium Outlets Bangkok – […]
21 Singaporean locals with no prior IT backgrounds will now be assigned to work on GovTech and other projects as Digital Business Analysts for a year to hone their professional competencies SINGAPORE – Media OutReach Newswire – 10 May 2024 – Temus, a digital transformation services firm, commemorates the graduation of 21 trainees from its flagship ‘hire, place and train’ digital career conversion programme, Step IT Up. […]
HONG KONG SAR – Media OutReach Newswire – 10 May 2024 – DFI Retail Group (DFI) and The School of Professional Education and Executive Development of the Hong Kong Polytechnic University (PolyU SPEED), the unit under the College of Professional and Continuing Education of the Hong Kong Polytechnic University (CPCE) have officially entered into a Memorandum of Understanding (MoU) on 9 May 2024. This MoU paves the […]
Exclusive offers for Melco Style members to enjoy 20% off advance ticketing and 25% discount on Combo for 4 only from May 14 – May 20 MACAU SAR – Media OutReach Newswire – 10 May 2024 – Since inception last year, Melco Residency Concert Series presented by Melco Style has quickly become one of the Asia’s most sought-after flagship entertainment centerpiece and has attracted over tens of […]
Arabian Post Staff – Dubai’s property market is experiencing a curious shift. While the emirate gears up for the relocation of its main airport to Dubai South, a wait-and-see attitude is gripping property owners, particularly those in areas expected to benefit from the development. The impending arrival of the Al Maktoum International Airport, with its colossal capacity and surrounding business hub, has ignited anticipation of a property […]
SYDNEY, AUSTRALIA – Media OutReach Newswire – 10 May 2024 – SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced the recent appointment of Sukhdeep Singh as the head of channel sales for Asia-Pacific and Japan (APJ). Singh is responsible for developing the region’s SolarWinds channel business and strategic partner alliances, spearheading the company’s ongoing channel strategy to further enhance […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 10 May 2024 – ZF Aftermarket, renowned for its comprehensive systems solutions, unveiled a series of innovation poised to raise the benchmark for the commercial vehicle industry. With its strong legacy in e-mobility and digitalization, ZF Aftermarket launched a much-anticipated suite of products, meticulously developed to meet the stringent requirements of commercial vehicles. “Our latest suite of products underscores […]
HONG KONG SAR – Media OutReach Newswire – 9 May 2024 – Colt Technology Services, the digital infrastructure company, has been named “Best Information Vendor (Platinum)” by China Investment Information Services (CIIS) Limited, at CIIS’s Sixth Global Information Vendor Conference held in Hong Kong on 22 March 2024. Wesley Elder, Product Director, Global Capital Markets, Colt Technology Services (second to right), receiving the Best Information Vendor Award […]
HONG KONG SAR – Media OutReach Newswire – 9 May 2024 – Today, IX Asia Indexes (“IXAI”) announced the launch of ixCrypto BTC/ETH 50/50 Index (“ixCrypto 50/50”) and ixCrypto BTC/ETH Proportional Index (“ixCrypto Proportional”). The two indexes are designed for cryptocurrencies beginners for their first knowledge and first investment in cryptocurrencies. The ixCrypto 50/50 and ixCrypto Proportional are developed on Bitcoin (BTC) and Ethereum (ETH) only and […]
HONG KONG SAR – Media OutReach Newswire – 9 May 2024 – Generali Hong Kong teamed up with Kowloon Tong School (Secondary Section), a Project WeCan network school, to bring 60 student volunteers together for a meaningful afternoon of service and learning. These dedicated individuals served over 50 beneficiary families at OneSky, an NGO partner of Generali and The Human Safety Net Hong Kong. The initiative is […]
Moldova has expressed keen interest in attracting investments from the United Arab Emirates (UAE), particularly in infrastructure and renewable energy sectors. This eagerness was conveyed by Tatiana Ivanicichina, the Deputy Governor of Moldova’s National Bank, during a recent visit to Abu Dhabi. Ivanicichina highlighted Moldova’s potential as an investment destination, emphasizing its strategic location and a business environment conducive to foreign investment. Moldova, nestled between Romania and […]
