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Andertoons by Mark Anderson for Wed, 29 Jan 2025

Source – Patreon

Trump Launches Onslaught Against Leftwing Regimes Of Latin America

By Nitya Chakraborty The U.S. President Donald Trump has intensified his attacks against the left wing regimes of Latin America as a part of the MAGA programme to weaken the Left in the region and bolster the far right forces which have been emboldened as a result of the coming of the Trump regime for […]

Slither into Savings with iShopChangi’s Lunar New Year Bonanza in Singapore

Kick off the Year of the Snake early with iShopChangi as it rolls out a dazzling array of deals on Lunar New Year essentials. Avoid the festive frenzy and enjoy unbeatable discounts of up to 60% on everything you need to usher in prosperity and joy. From gourmet treats and traditional “Nian Huo” to spring cleaning supplies, exquisite liquors, and fashionable finds, celebrate with flair from now […]

Andertoons by Mark Anderson for Mon, 27 Jan 2025

Source – Patreon

Saudi Arabia Opens Real Estate Investment in Makkah, Madinah

Saudi Arabia has announced a historic move, opening doors for foreign investments in publicly-traded companies that own real estate in the holy cities of Makkah and Madinah. This marks a significant shift in the Kingdom’s approach to foreign investment, as the government seeks to diversify its economy and attract international capital to support its ambitious Vision 2030 economic plan. The decision to allow foreign investors into one […]

Pure Health Expands Footprint with Hellenic Healthcare Deal

Pure Health, a prominent UAE-based healthcare provider, is set to acquire a controlling stake in Greece’s Hellenic Healthcare Group, marking a significant milestone in its international expansion strategy. The move is poised to strengthen Pure Health’s presence in Europe, opening doors to new growth opportunities in the rapidly evolving healthcare sector. The acquisition, which is expected to be finalized in the coming months, will give Pure Health […]

Skills-based hiring set to reshape Middle East recruitment

A shift in recruitment strategies across the Middle East, especially in the UAE and Saudi Arabia, signals a major move towards prioritizing skills over traditional job roles, industry experts say. Companies in these regions are adjusting their hiring approaches to match the rapidly changing demands of modern workplaces and the skills required for innovation. The concept of hiring based on specific skill sets, rather than predefined roles, […]

Abu Dhabi Firm Sets $5.5 Billion Investment in Georgia

Abu Dhabi-based Eagle Hills has unveiled plans for a transformative $5.5 billion investment in Georgia, set to reshape the nation’s infrastructure and tourism sectors. The ambitious initiative, which marks one of the most substantial foreign investments in the region in recent years, is expected to drive significant economic growth and bolster Georgia’s position as a key player in the Caucasus. The announcement comes after several months of […]

Abu Dhabi’s Real Estate Market Attracts $893 Million in Foreign Investments

Abu Dhabi’s real estate sector has experienced a significant surge in foreign direct investment (FDI), with a 225% increase in the first half of 2024 compared to the same period in 2023. The emirate attracted AED 3.28 billion ($893 million) from 971 individual investors spanning 75 countries, including the United States, the United Kingdom, China, Kazakhstan, and Russia. ([adrec.gov.ae](https://adrec.gov.ae/en/News/Foreign-Direct-investments?utm_source=chatgpt.com))

This influx of foreign capital underscores the growing confidence in Abu Dhabi’s property market. The Abu Dhabi Real Estate Centre (ADREC), the regulatory body overseeing the sector, attributes this growth to strategic initiatives aimed at positioning the emirate as a premier global investment destination. Rashed Al Omaira, Acting Director General of ADREC, emphasized the emirate’s commitment to creating a business-friendly environment characterized by innovation, transparency, and efficiency. ([adrec.gov.ae](https://adrec.gov.ae/en/News/Foreign-Direct-investments?utm_source=chatgpt.com))

In the first half of 2024, the real estate market recorded 12,439 transaction activities valued at AED 36.2 billion ($9.85 billion). This includes AED 23.7 billion from 7,088 sales and purchase transactions and AED 12.5 billion from 5,351 mortgage transactions. ([adrec.gov.ae](https://adrec.gov.ae/en/News/Foreign-Direct-investments?utm_source=chatgpt.com))

The surge in FDI is part of a broader trend of international interest in Abu Dhabi’s real estate. In February 2024, Fiera Capital, a Toronto-listed fund managing $166 billion in assets, announced the opening of its first Middle East office in Abu Dhabi. The firm plans to establish an office in Saudi Arabia within the next 18 to 24 months, aiming to engage more closely with sovereign wealth funds, family offices, pension funds, and listed corporations in the region. ([Financial News London](https://www.fnlondon.com/articles/fiera-capital-plans-saudi-arabia-office-following-middle-east-foray-in-2024-ac7cc384?utm_source=chatgpt.com))

Additionally, Abu Dhabi’s Modon Holding has been active in international real estate investments. The company acquired half of Citadel’s new office tower at Broadgate in the City of London, marking a strategic entry into the London real estate market. The tower at 2 Finsbury Avenue is set to complete in 2027 and is one-third pre-let to Citadel. ([ft.com](https://www.ft.com/content/ed5b219c-e18a-4b8b-bfe8-88430f7dbd76?utm_source=chatgpt.com))

Modon Holding also expanded its portfolio by acquiring the luxury development La Zagaleta in Marbella, Spain. This acquisition includes the Majarambuz project, a 2.2 million square meter development in Sotogrande. The group plans to develop these areas while maintaining the exclusivity and legacy of the original developments. ([Cinco Días](https://cincodias.elpais.com/companias/2024-12-19/modon-holding-con-sede-en-abu-dabi-adquiere-en-marbella-la-urbanizacion-de-lujo-la-zagaleta.html?utm_source=chatgpt.com))

In Egypt, a partnership between Egypt’s Safwat Kaliouby Group (SKG) and the Emirati KSH Investment Company resulted in a 24 billion Egyptian pound ($500 million) agreement to develop a real estate project along the Nile in Cairo. The project will span 20,000 square meters and include residential and commercial towers, as well as a five-star hotel. ([reuters.com](https://www.reuters.com/markets/deals/egyptian-emirati-companies-sign-500-mln-real-estate-deal-egypt-2024-07-09/?utm_source=chatgpt.com))

These developments highlight Abu Dhabi’s growing influence in the global real estate market and its strategic efforts to attract and deploy foreign direct investment. The emirate’s focus on creating a transparent and efficient investment environment continues to position it as a preferred destination for investors worldwide.

Trump Administration Dismisses Justice Department Lawyers Involved in His Prosecution

The Trump administration has terminated more than a dozen Justice Department attorneys who played significant roles in criminal cases against President Donald Trump, according to an official statement. Acting Attorney General James McHenry justified the dismissals by expressing a lack of confidence in these lawyers’ ability to faithfully implement the president’s agenda, given their involvement in prosecuting him. This move underscores the administration’s swift efforts to assert […]

HK Accident Lawyers Launches Free Consultation Hotline for Traffic Accident Victims Assistance Scheme Applications

HONG KONG SAR – Media OutReach Newswire – 28 January 2025 – To assist traffic accident victims in understanding the application process for the Traffic Accident Victims Assistance Scheme (commonly referred to as “車手獎”), HK Accident Lawyers has officially launched a Free Consultation Hotline. Through this service, users can fill out a simple form, and our professional team will respond within one working day to provide guidance […]

Tourism Promotions Board (TPB) Philippines celebrates milestones, thanks media and content creators at annual Pasasalamat event

2024 was a groundbreaking year of achievements for Philippine tourism promotions MANILA, PHILIPPINES – Media OutReach Newswire – 27 January 2025 – The Tourism Promotions Board (TPB) Philippines kicked off 2025 with its annual Pasasalamat event on January 27th at the historic Centro de Turismo Intramuros. Celebrating the vital role of media professionals and content creators, the evening reflected on TPB’s key achievements and milestones in tourism […]

Dou Yee Enterprises Partners with BIOVIA to provide LIMS and ELN Software Solutions in Southeast Asia

SINGAPORE – Media OutReach Newswire – 27 January 2025 – Dou Yee Enterprises, a prominent global player in high-tech manufacturing and precision engineering, has entered into a strategic partnership with BIOVIA a leader in scientific software solutions. Through this collaboration, Dou Yee will serve as a reseller of BIOVIA Laboratory Information Management System (LIMS) and Electronic Laboratory Notebook (ELN) software solutions across Southeast Asia. This propelled Dou […]

India’s Economic Growth Engine Is Losing Steam In 2025

By Nantoo Banerjee India’s net economic growth minus inflation during the current financial year may be well below the projections made by the government, the Reserve Bank and external agencies such as the International Monetary Fund (IMF), the Asian Development Bank and the World Bank. The net economic growth is calculated after subtracting the current […]

Andertoons by Mark Anderson for Sun, 26 Jan 2025

Source – Patreon

Bank of Singapore Expands Dubai Team with Six New Hires

Bank of Singapore has strengthened its presence in Dubai with the appointment of six new professionals across various functions. This move is part of the bank’s ongoing efforts to bolster its regional operations and cater to the growing demand for wealth management services in the Middle East. These appointments are seen as a strategic push to expand the bank’s footprint in a market that has become a […]

Middle East’s Economic Diversification Efforts Set to Accelerate in 2025

The Middle East is poised for a significant economic transformation in 2025, with countries across the region intensifying their diversification strategies to reduce reliance on oil revenues. Saudi Arabia, the United Arab Emirates (UAE), and other Gulf Cooperation Council (GCC) nations are implementing robust measures to foster growth in non-oil sectors, aiming for sustainable economic futures. Saudi Arabia’s Public Investment Fund (PIF) has committed $200 million as […]

RAKEZ reports unprecedented growth in 2024 with 13,000+ new firms

The Ras Al Khaimah Economic Zone (RAKEZ) has achieved an extraordinary milestone in 2024, welcoming over 13,000 new companies into its business ecosystem. This record growth marks a significant expansion for the free zone, reflecting its growing appeal to both regional and international businesses looking to capitalize on the strategic advantages offered by the UAE’s business-friendly environment.

This surge in company registrations can be attributed to a combination of factors, including the free zone’s comprehensive range of services, its cost-effective infrastructure, and the robust business climate in Ras Al Khaimah. As one of the fastest-growing economic zones in the region, RAKEZ has established itself as a vital hub for diverse industries, including manufacturing, logistics, technology, and services.

The 13,000 new companies span various sectors, underlining the broad interest in the region’s diverse economic opportunities. This growth not only strengthens RAKEZ’s position as a key player in the UAE’s economic landscape but also contributes significantly to the emirate’s overall economic development.

The free zone’s flexibility in offering tailor-made business solutions has become increasingly attractive to entrepreneurs, particularly in sectors like technology, e-commerce, and logistics, which have seen significant demand for their services. RAKEZ’s efforts to continuously enhance its infrastructure, improve customer services, and adapt to market trends have played a central role in its success.

Key to RAKEZ’s growth has been its ability to provide businesses with efficient, cost-effective solutions for setting up operations in the UAE. The zone offers a range of services, including 100% foreign ownership, zero taxation, and a simple licensing process that is especially appealing to start-ups and international companies entering the Middle East market.

Another factor contributing to the zone’s growth is the ongoing global demand for logistics and manufacturing services. As the UAE continues to develop as a global trade hub, companies in these sectors are finding Ras Al Khaimah’s strategic location and modern infrastructure increasingly appealing for establishing a foothold in the region.

For many entrepreneurs and international companies, RAKEZ’s proximity to key markets in Europe, Asia, and Africa is a major draw. The economic zone’s proximity to ports, airports, and trade routes makes it an ideal location for global logistics companies looking to expand their footprint in the Middle East and North Africa (MENA) region. With modern infrastructure that includes state-of-the-art warehouses and business parks, RAKEZ has become a preferred choice for firms seeking to establish a presence in this region.

RAKEZ’s efforts to promote innovation and technology-based industries have been a cornerstone of its success. The free zone has attracted a growing number of technology-driven companies, with particular focus on areas such as artificial intelligence, data analytics, and software development. With initiatives aimed at fostering innovation, RAKEZ continues to position itself as a leading destination for tech start-ups and established firms alike.

The zone has also focused on sustainability, which has increasingly become a significant factor for companies when choosing their business location. The UAE’s commitment to green initiatives, combined with RAKEZ’s sustainable infrastructure and green energy solutions, has contributed to its reputation as a responsible and forward-thinking business environment.

RAKEZ’s strategic focus on customer satisfaction and ease of doing business has been another key factor behind its success. The free zone provides a wide array of services that streamline the process for businesses, including fast-track licensing, streamlined visa processing, and operational support. The customer-centric approach has made it easier for companies to set up and grow, which in turn has contributed to RAKEZ’s ongoing expansion.

The steady rise in the number of new business registrations can also be seen as a testament to the overall economic resilience of Ras Al Khaimah. The emirate has shown impressive growth in various sectors, with increased foreign direct investment (FDI) and a stable business environment that continues to attract international players.

Another key driver for RAKEZ’s success has been the government’s commitment to fostering economic diversification. The UAE’s focus on creating a conducive environment for businesses to thrive has played a crucial role in ensuring that RAKEZ remains an attractive option for entrepreneurs and multinational corporations. By encouraging investment in non-oil sectors, the government has made significant strides in positioning the country as a diversified, future-ready economy.

As the global business landscape continues to evolve, RAKEZ is well-positioned to remain a major player in the UAE’s free zone ecosystem. The region’s continued growth will be shaped by its ability to attract new companies, encourage innovation, and adapt to the changing needs of a globalized economy. With its increasing prominence in key sectors like logistics, manufacturing, and technology, RAKEZ is set to remain a crucial component of Ras Al Khaimah’s economic development strategy.

Dubai’s Real Estate Market Achieves Record $142.4 Billion in 2024

Arabian Post Staff -Dubai Dubai’s real estate sector has reached unprecedented heights in 2024, recording 180,900 transactions valued at approximately $142.4 billion. This marks a significant increase from 2023, which saw 133,100 sales worth $112.2 billion. The primary market experienced substantial growth, with first-time sales from developers rising by 30% to $91.1 billion. Transaction volumes in this segment surged by 51%, totaling 119,800 units. The average price […]

Ascott Accelerates Oakwood Signings To Capture Rising Demand For Bleisure Travel, Launches Heartfelt Culinary Campaign To Celebrate The Brand’s Commitment To Comfort And Connection

Secures 16 Oakwood signings in 2024, reflecting a 30% year-on-year growth Adds four new Oakwood Premier properties in Adelaide, Bali, Shenzhen and Singapore Adds Bali to Oakwood’s growing portfolio of resort destinations, which includes Batam, Chongli and Ha Long SINGAPORE – Media OutReach Newswire – 23 January 2025 – The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), has accelerated the expansion […]

Andertoons by Mark Anderson for Sat, 25 Jan 2025

Source – Patreon

DYMO Partners With GA International (LabTAG) To Offer Cryogenic Labels For DYMO Labelwriter 5 Series Printers

ATLANTA – Newsaktuell – 23 January 2025 – DYMO®, a leading provider of innovative labeling and printing solutions and part of the Newell Brands portfolio, and GA International (LabTAG), a leader in exceptional laboratory and industrial identification solutions, have announced a strategic partnership that makes high-quality cryogenic LabelWriter® labels available to users of the DYMO LabelWriter® 5 Series printers. DYMO & GA International (LabTAG) “We are excited […]

American Express and Singapore Airlines KrisFlyer Celebrate 25 Years of Partnership with Special Limited-Time Rewards for Card Members

SINGAPORE – Media OutReach Newswire – 23 January 2025 – American Express and Singapore Airlines KrisFlyer are marking their 25 years of partnership by introducing exclusive limited-time rewards for new and existing American Express® Singapore Airlines KrisFlyer Ascend Credit Card Members, designed to elevate their travel experiences. Celebrating 25 years of Rewarding Journeys with American Express and Singapore Airlines KrisFlyer As part of this milestone, new and […]

The Great Optimism Divide: Singaporeans’ Bright Future vs. Hong Kong’s Uncertainty

As the Year of the Snake Approaches, the contrasting sentiments reveal deeper economic realities and highlight the paths forward for both cities. Optimism Divide: A striking difference in outlook for 2025 exists between residents of Singapore and Hong Kong. 51% of Singaporeans express optimism about the upcoming year, while only 29% of Hong Kong residents share this sentiment. Confidence in Achievements: 57% of Singaporeans report high confidence […]