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South Korean Energy Giant Lands Contract for Saudi Arabia’s Mega Power Plants

Doosan Enerbility, a leading South Korean energy solutions provider, has secured a significant contract to supply key equipment for Saudi Arabia’s largest combined-cycle power plant project. The deal, valued at approximately 150 billion won (US$114 million), marks a major win for Doosan Enerbility in the expanding Saudi Arabian energy market. Under the agreement signed with SEPCO-3, a Chinese engineering, procurement, and construction (EPC) company, Doosan Enerbility will […]

Jockey Club Multiple Pathways Initiative “CLAP-TECH Pathway” Celebrates 5th Anniversary

HONG KONG SAR – Media OutReach Newswire – 12 March 2024 – The Jockey Club Multiple Pathways Initiative – CLAP-TECH Pathway (CLAP-TECH), funded by The Hong Kong Jockey Club Charities Trust, celebrated its fifth anniversary on Friday, 8 March. The ceremony was attended by over 130 industry partners and representatives from participating secondary schools, who shared how the programme has inspired students to pursue their dreams and […]

Property Boom in Dubai Fueled by Golden Visa Program

Dubai’s real estate market is experiencing a surge in demand thanks to the emirate’s Golden Visa program, which offers investors a 10-year residency permit. This influx of interest is causing a shift in both buyer behavior and developer strategies. Industry insiders report a growing trend of investors increasing their budgets to meet the minimum investment threshold of AED 2 million (USD 545,000) required for the Golden Visa. […]

Looming Day Zero? Bengaluru Faces its Worst Water Crisis

India’s IT hub, Bengaluru, is grappling with its most severe water shortage in its history. The city, founded by Kempe Gowda nearly 500 years ago, finds itself echoing the water woes of Cape Town in 2018. Over 30 localities are now on a strict alternate-day water supply, raising fears of a “Day Zero” – the day the taps run dry. Experts point to a confluence of factors […]

Dubai International Boat Show 2024: Anchoring Innovation and Opulence

The 30th edition of the Dubai International Boat Show (DIBS) which concluded on March 3rd, 2024, further solidified the emirate’s position as the Middle East, Africa, and Asia’s premier marine event. This year’s show offered a glimpse into the future of the yachting industry, showcasing groundbreaking innovations, super-luxe vessels, and a record-breaking number of deals. A Celebration of Opulence The co-located ‘Marine Luxury Lifestyle’ exhibition served as […]

BJP Suffers Serious Political Tremors With Epicentre In Haryana

Treasury Unveils Digital Asset Tax Plan

The U.S. Department of the Treasury has proposed a new tax framework for digital assets, targeting both environmental impact and tax avoidance within the cryptocurrency industry. The plan, which aligns with President Biden’s previously outlined budgetary goals, introduces a novel 30% excise tax on the electricity consumption of cryptocurrency miners. Additionally, the proposal aims to close existing loopholes exploited through wash trading, a practice where investors buy […]

Innocent Gazans pay a heavy price for Hamas and Israel’s disregard for human life

James M Dorsey \Failed efforts to achieve a Gaza ceasefire on the eve of Ramadan leave innocent Gazans in the lurch, highlight the gap between Israel and Hamas’ demands in negotiations, and raise the stakes for the United States. At the core of the stalled negotiations is Prime Minister Binyamin Netanyahu’s insistence on continuing Israel’s assault after a ceasefire and an exchange of some Hamas-held hostages kidnapped […]

Poddster Opens First International Podcasting Studio in Singapore, Marking Stage One of its Global Expansion

SINGAPORE – Media OutReach Newswire – 12 March 2024 – Poddster, a pioneering network of video podcast production studios that empower the podcasting community, has established its Asian headquarters in Singapore as the company embarks on its international expansion. The Poddster location at Frontech Center in Bukit Merah is the company’s first to open outside of Dubai. The state-of-the-art 4,000 square-foot venue includes four large professional studios […]

LSE Opens Doors to Crypto Exposure Through ETNs

The London Stock Exchange (LSE) announced a significant move towards cryptocurrencies, signaling a potential gateway for institutional investors. Starting from Q2 2024, the exchange will begin accepting listing applications for exchange-traded notes (ETNs) based on Bitcoin and Ethereum, two of the world’s leading digital assets. This decision caters to the growing demand from institutional investors seeking exposure to the crypto market without the complexities of directly acquiring […]

HKSTP “Talent Power Up” I&T Career Expo 2024 Attracted Over 6,000 Visitors to Boost Hong Kong’s Talent Pool

Featured over 3,000 vacancies from more than 300 tech companies while over half of visitors interviewed on-site on a record-breaking day HONG KONG SAR – Media OutReach Newswire – 11 March 2024 – Hong Kong Science and Technology Parks Corporation (HKSTP) successfully held the “Talent Power Up” I&T Career Expo 2024 which lured a record-high 6,000 visitors to explore over 3,000 job opportunities from more than 300 […]

Saudi, UAE joint move signals churning in global LNG market

Arabian Post Special The news of Saudi Aramco and Abu Dhabi National Oil Company (Adnoc) exploring investments in the US liquefied natural gas (LNG) sector signifies a potential power shift with significant ramifications for established players in the business and future market dynamics. This foray into US LNG comes at a time when American banks are increasingly hesitant to finance domestic LNG producers due to environmental concerns. […]

Lufthansa Faces Fresh Cabin Crew Strike Disruption

Germany’s Lufthansa airline is bracing for renewed travel chaos as its cabin crew union announced a two-day strike targeting major airports. The Independent Flight Attendants Organization (UFO) called for its members to walk off the job on Tuesday and Wednesday of next week, impacting departures from Frankfurt and Munich airports respectively. This latest industrial action comes on the heels of a separate strike by Lufthansa ground staff […]

Bitcoin Dwindles on Exchanges, Price Rise on the Horizon?

Investors are keeping a close eye on Bitcoin as Santiment, a blockchain intelligence firm, reveals a shrinking supply of the cryptocurrency on exchanges. This trend suggests a potential decrease in overall availability, which could influence Bitcoin’s price in the near future. The concept hinges on basic principles of economics: supply and demand. When a readily available good or service becomes scarcer, its value tends to rise as […]

Bitcoin Mining’s Energy Appetite Surges to Record Levels

Bitcoin mining, the process by which new bitcoins are created and transactions are verified on the blockchain network, is facing increased scrutiny due to its surging energy consumption. According to a recent report by Bloomberg, Bitcoin miners devoured a record 19.6 gigawatts (GW) of power last month, a significant jump from 12.1 GW in 2023. This insatiable demand for electricity has environmental advocates and some within the […]

MENA) region this year, reflects the growing importance of Islamic finance within the real estate sector.The issuance was met with overwhelming investor demand, exceeding expectations by more than double. Subscriptions reached $621 million, reflecting strong confidence in Binghatti’s financial standing and future prospects. The sukuk was competitively

Dubai property developer, Binghatti, successfully debuted its Islamic bond, or sukuk, on the Nasdaq Dubai exchange on March 1, 2024. This marked a significant milestone for both Binghatti and the regional financial landscape. The $300 million sukuk, the first real estate benchmark dollar-denominated issuance of its kind in the Middle East and North Africa ( iced at 9.625% with a three-year maturity date, offering investors an attractive […]

Arla Foods Ingredients to cut carbon emissions with heat pump technology

COPENHAGEN, DENMARK – Media OutReach Newswire – 7 March 2024 – Arla Foods Ingredients is taking a major step towards its carbon reduction goals with the construction of an electric heat pump facility at its primary processing plant in Denmark. The EUR 32 million project is Arla’s largest single investment in net-zero initiatives to date. Scheduled to go live in 2025, the facility at the Danmark Protein […]

India Grapples with Political Alliances, Security Concerns, and Infrastructure Woes

India’s political landscape continues to shift as parties strategize for upcoming elections. A key development this week saw former Andhra Pradesh Chief Minister Chandrababu Naidu finalizing an alliance with the Bharatiya Janata Party (BJP), the country’s ruling party. Naidu, confident of a “sweep,” believes the pact will propel them to victory. This move comes amidst a flurry of political activity, with the Congress party finalizing seat-sharing agreements […]

Abu Dhabi’s Ghitha Holding Strengthens Grip on Al Ain Farms

In a move to solidify its presence in the UAE’s agricultural sector, Ghitha Holding, a subsidiary of the massive Abu Dhabi-based conglomerate International Holding Company (IHC), has acquired an additional 12% stake in Al Ain Farms for Livestock Production. The deal, valued at AED 61 million (roughly $16.6 million), was announced on Friday through a filing on the Abu Dhabi Securities Exchange (ADX). This acquisition is being […]

Dubai residential rental market shows a new trend

On the eve of the so-called low season in the residential rental market in Dubai, experts from the rental and property management international company Colife have identified a new interesting trend. People are no longer afraid of the sizzling heat; demand among tenants is already evident both in the summer months and in the period from April, the month from which the so-called low season begins, when […]

BJP’s Seat-Sharing Exercise With Former NDA Allies Exposes Its Faultlines

Talks between BJP, Naveen Patnaik’s party reported stalled

The much-anticipated pre-poll alliance and seat-sharing talks between Odisha’s ruling Biju Janata Dal (BJD) and the Bharatiya Janata Party (BJP) have hit a roadblock, raising the prospect of both parties contesting the upcoming Lok Sabha and state assembly elections independently. The talks, which took place in Delhi, failed to resolve differences over two key constituencies […]

The post Talks between BJP, Naveen Patnaik’s party reported stalled first appeared on Latest India news, analysis and reports on IPA Newspack.

CEIBS MBA ranked #1 in Asia for eight consecutive years

SHANGHAI, CHINA – Media OutReach Newswire – 8 March 2024 – CEIBS has once again claimed the #1 spot in Asia (and #21 in the world) in the Financial Times’ global ranking of MBA programmes, marking the eighth consecutive year that it has come out on top in the region. This achievement demonstrates not only CEIBS’ sustained excellence and commitment to offering a world-class MBA programme, but […]

BJP-TDP-JSP Alliance To Make Andhra Pradesh Polls Competitive