Rackspace Technology posted modest second-quarter revenue growth as stronger private cloud sales offset weakness in its larger public cloud business, while higher costs and investment in artificial intelligence pushed the company deeper into the red. The San Antonio-based cloud and technology services group generated revenue of $670.1 million for the three months ended June 30, up 0.6% from $666.3 million a year earlier. Private Cloud revenue climbed […]
Arabian Post Staff -Dubai A woman was handed over to police after allegedly throwing a slipper and stones at a statue of Chhatrapati Shivaji Maharaj in Pune’s Sasane Nagar area, triggering anger among residents and a wider debate over the response to the incident. CCTV footage from the site in Hadapsar showed the woman approaching the statue and throwing objects towards it. The statue was enclosed within […]
Mark Zuckerberg has laid out his most expansive case yet for putting powerful artificial intelligence into the hands of billions of people, arguing that widely available “personal superintelligence” can improve education, work, healthcare and creativity while preventing control of advanced AI from becoming concentrated among governments and a handful of companies. The Meta chief executive’s essay, titled “The Future is for Everyone”, runs to more than 6,400 […]
Pokémon trading cards are evolving from childhood collectibles into a multibillion-dollar alternative asset market, prompting blockchain companies to build digital trading systems around physical cards stored securely in vaults. The technology can speed up transactions, but attracting enough buyers and sellers remains the larger challenge. Estimates put the wider trading-card market at roughly $10 billion to $15 billion, while the value of graded cards alone has been […]
Aptoide Games has become the first rival Android app store to be distributed directly through Google Play in the United States, marking a significant change in the mobile software market after years of legal challenges to Google’s control over app distribution. The Portugal-based company’s games marketplace can now be installed from Google Play like a conventional application, removing the need for users to sideload the store or […]
Alleged organised crime leader Daniel Kinahan has been charged in Dublin with directing a criminal organisation after being extradited from the United Arab Emirates, bringing one of Ireland’s most prominent international organised-crime investigations before the courts. Kinahan, 49, appeared before the Special Criminal Court on Sunday under heavy security following his transfer from Dubai. Prosecutors charged him with directing the activities of a criminal organisation during a […]
Meta has been ordered to bear costs totalling $942 million in New Mexico after a judge found that Facebook and Instagram contributed to a public nuisance involving harm to children, adding sweeping safeguards for young users as the company prepares for a potentially far larger legal battle in California. Judge Bryan Biedscheid of the First Judicial District Court directed Meta to place $567 million into a five-year […]
Arabian Post Staff -Dubai BJP Rajya Sabha MP Raghav Chadha met Prime Minister Narendra Modi on Saturday, describing their interaction as detailed and enriching as attention grows around his possible role in the party’s preparations for the Punjab Assembly election next year. ][1]) Chadha shared photographs of the 8 August meeting on social media and called it “a morning I will cherish”. He said he was grateful […]
A Canadian hacker has pleaded guilty to taking part in a sweeping cybercrime operation that compromised accounts belonging to more than 165 organisations using cloud data platform Snowflake, exposing sensitive information belonging to at least 100 million people. Connor Riley Moucka, 26, of Kitchener, Ontario, admitted computer fraud, wire fraud, aggravated identity theft and conspiracy in federal court in Washington state. He is scheduled to be sentenced […]
Dubai residents and visitors can exercise free of charge at an outdoor gym on JBR Beach, combining strength training with uninterrupted views of Ain Dubai and the Bluewaters waterfront. The fitness area is located near the pedestrian bridge connecting Jumeirah Beach Residence with Bluewaters Island. It provides a range of exercise equipment beside the sand, allowing users to add resistance work, calisthenics and cardiovascular training to a […]
Dubai businessman Satish Sanpal has denied claims that UAE authorities ordered a temporary freeze on assets linked to him, his wife and several companies during a money laundering investigation. Sanpal, who appeared with his wife Tabinda Sanpal in the Netflix reality series Desi Bling, said no competent enforcement or regulatory authority had publicly announced action against him. UAE authorities had also issued no public comment confirming the […]
Arabian Post Staff -Dubai The Central Bureau of Investigation has secured the deportation of Vishakha Avinash Rathod from the United Arab Emirates over an alleged ₹88-crore investment fraud investigated by Pune Police. Rathod arrived in India on August 3 after UAE authorities acted on an Interpol Red Notice issued at the request of law-enforcement agencies. The operation was coordinated by the CBI, the Ministry of External Affairs […]
Guggenheim Abu Dhabi will open to the public on 11 December 2026, bringing one of the world’s longest-awaited cultural projects to Saadiyat Island after two decades of planning, redesigns and construction delays. The Department of Culture and Tourism – Abu Dhabi confirmed the date as preparations accelerate for the launch of the largest museum in the Guggenheim network. The institution will focus on global modern and contemporary […]
Arabian Post Staff -Dubai A political controversy erupted in Srinagar after Peoples Democratic Party president Mehbooba Mufti was seen holding the national flag upside down during a protest against the constitutional changes imposed on Jammu and Kashmir in August 2019. Mufti, a former chief minister of the erstwhile state, led PDP workers in an overnight sit-in outside the party headquarters on Tuesday. The demonstration preceded the seventh […]
Arabian Post Staff -Dubai The Calcutta High Court has questioned whether a legal challenge to the compulsory singing of all six stanzas of Vande Mataram in madrasas can proceed before any punitive action is taken against students or institutions. A division bench of Acting Chief Justice Tapabrata Chakraborty and Justice Partha Sarathi Sen made the observation on Tuesday while hearing a public interest litigation challenging a government […]
Acting US Attorney General Todd Blanche has formally cancelled a $1.776 billion “anti-weaponisation” fund after two Republican senators threatened to block his confirmation, removing a major obstacle before a decisive Senate Judiciary Committee vote on Tuesday. The Justice Department order terminated the fund before it became operational. No commissioners had been appointed, no claims had been processed and no money had been transferred. Blanche also clarified that […]
HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 3 August 2026 – The HCM City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) on July 30 signed a US$721 million international syndicated social loan with the Asian Development Bank, Standard Chartered and other international financial institutions, marking the largest international syndicated social loan ever raised by a Vietnamese organisation.
Dr Nguyễn Thị Phương Thảo, Permanent Vice Chairwoman of HDBank’s Board of Directors, speaks at the signing ceremony, noting that the US$721 million syndicated social loan opens up new resources to support sustainable development and financial inclusion in Việt Nam. — Photo courtesy of HDBank.
The transaction highlights strong confidence among global investors in HDBank and Vietnam’s long-term economic prospects.
The proceeds will be used to expand access to finance for micro, small and medium-sized enterprises, particularly women-owned businesses, supporting financial inclusion and sustainable development in Vietnam.
The facility was structured in line with the Social Loan Principles and HDBank’s Sustainable Finance Framework. ADB and Standard Chartered served as joint coordinators, while ANZ, Cathay United Bank, Commerzbank, Maybank Securities, MUFG Bank and the State Bank of India acted as mandated lead arrangers and bookrunners.
The transaction attracted strong interest from international investors, with commitments reaching US$721 million, around 60 per cent above the original target.
CEO of Standard Chartered Vietnam said the facility is the largest syndicated social loan ever raised by a Vietnamese organisation.
“This achievement reflects investors’ confidence in HDBank and its leadership team, and demonstrates optimism about Vietnam’s long-term growth prospects and the growing appeal of the country’s sustainable finance market among global investors,” the CEO said.
Speaking at the signing ceremony, Dr Nguyen Thi Phuong Thao, Permanent Vice Chairwoman of HDBank’s Board of Directors, described the loan as a new milestone for the bank.
“It is our first financing facility dedicated exclusively to social initiatives, including programmes supporting women,” she said, adding that the transaction recognised HDBank’s long-standing commitment to community development through programmes supporting businesses, healthcare, education, culture, sports, women and children.
Tran Hoai Nam, HDBank’s Permanent Deputy CEO, said the proceeds would strengthen the bank’s medium- and long-term funding base while expanding lending to SMEs, particularly women-led businesses.
Earlier, HDBank had secured US$270 million in green financing and US$380 million in sustainable finance from international development finance institutions, including IFC, ADB, Proparco, DEG, LeapFrog, FMO, BII, JICA, FinDev and SMBC.
Hashtag: #HDBank
The issuer is solely responsible for the content of this announcement.
Arabian Post Staff -Dubai The Allahabad High Court has said no person can interfere with the voluntary decision of adult women to change their religion, marry partners of their choice or determine the course of their lives. Justice Sandeep Jain made the observation while hearing a habeas corpus petition concerning two sisters who were allegedly confined by their father after embracing Islam and deciding to marry men […]
Arabian Post Staff -Dubai Lebanese authorities have arrested former central bank governor Riad Salameh at a hospital north of Beirut after he failed to appear for questioning in a widening investigation into the alleged misuse of Banque du Liban funds. Salameh was detained at Bhannes Hospital on Friday after investigators searched three addresses linked to him. An arrest warrant was issued when judicial officials concluded that he […]
Arabian Post Staff -Dubai The Supreme Court has granted Jammu and Kashmir Chief Minister Omar Abdullah and Payal Abdullah a divorce after the estranged couple resolved their long-running matrimonial dispute through mediation. A Bench of Justices P S Narasimha and Alok Aradhe disposed of Abdullah’s appeal on Friday after being told that the parties had reached an amicable settlement and wanted their marriage formally dissolved. Senior advocate […]
Arabian Post Staff -Dubai Cockroach Janta Party member Saurav Das has sharply criticised the Supreme Court’s observations on the use of pellet guns for crowd control, calling the remarks “disgusting” as a legal dispute over police action against student protesters intensified. Das posted the single-word response on X on Thursday after the court questioned whether pellet guns could be prohibited in all circumstances when existing rules permit […]
Lesotho’s exports can again enter the United States without tariffs after a temporary levy introduced following a landmark Supreme Court judgment expired, offering crucial relief to the country’s garment factories and thousands of workers. The Ministry of Trade, Industry and Business Development welcomed the restoration of duty-free treatment, saying the change would strengthen the competitiveness of products manufactured in the kingdom. The tariff expired on July 29, […]
Apple is facing a federal lawsuit from three investors who allege that a fraudulent cryptocurrency wallet distributed through its App Store enabled scammers to steal Bitcoin worth about $1.8 million. The complaint, filed on July 24 in the US District Court for the Northern District of California, accuses Apple of negligence, misrepresentation and failing to adequately review or monitor applications offered through its tightly controlled digital marketplace. […]
The Supreme Court has urged Parliament to create distinct criminal offences for “digital arrest” scams and artificial intelligence-generated deepfakes, warning that existing laws do not adequately address technology-enabled fraud that has cost citizens about ₹54,000 crore over six years. Solicitor General Tushar Mehta told a bench headed by Chief Justice Surya Kant that the Centre was preparing legislation covering digital arrests, deepfakes and related cyber offences. The […]
