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Daniel Mausoof Digital connectivity is synonymous with progress. As the United Nations highlights, it is for many people a basic service that connects them to health, welfare, education, financial services and more. It is the neural network behind the digital click of the button that opens the door to economic growth, citizen engagement and social equality. However, in developing countries, only 70% of households have internet compared with 92% […]

SINGAPORE – Media OutReach Newswire – 21 May 2024 – CDNetworks, the APAC-leading network to deliver edge as a service, today unveiled a 10 Tbps capacity upgrade to enhance the digital network performance in South and Southeast Asia (SSEA). Building the Backbone of Digital SSEA The unveiled additional 10 Tbps bandwidth capacity upgrade is built on CDNetworks’ 100% network coverage in the region. Complemented by the strategic […]

Contrails, those wispy white streaks trailing airplanes, might seem innocuous, but they pack a surprising punch. These high-altitude ice clouds can trap heat, contributing significantly to aviation’s climate impact. Now, airlines are taking aim at contrails with a weapon not found in any pilot’s arsenal – artificial intelligence (AI). The science behind contrail formation is complex. When airplanes release hot exhaust into cold, humid air, it can […]

Powered by Backbase Engagement Banking Platform, Bank Muamalat aims to launch a revolutionary Islamic Banking Super App KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 20 May 2024 – In a strategic move towards becoming a leading, next-generation digital Islamic Bank for all, Bank Muamalat Malaysia Berhad (Bank Muamalat) has announced a long-term partnership with Backbase, the global leader in Engagement Banking. This collaboration, together with Mambu […]

Hiring AI-skilled talent is a priority for 70% of Hong Kong employers but 73% of them struggle to find the AI talent they need, highlighting a looming AI skills gap in the city HONG KONG SAR – Media OutReach Newswire – 20 May 2024 – Amazon Web Services (AWS), an Amazon.com company, today released new research showing that when artificial intelligence (AI) is fully harnessed, Hong Kong […]

SINGAPORE – Media OutReach Newswire – 20 May 2024 – REDEX will be an exclusive partner to TNBX to support the development of the Malaysia Green Attribute Trading System (mGATS) into the country’s preeminent digital trading platform for Malaysia Renewable Energy Certificates (mREC). The upgraded platform will provide a new avenue for businesses to conveniently pursue their renewable energy commitments and accelerate the nation’s pursuit of a […]

Ajman Bank emerged victorious at the MEA Finance Banking Technology Summit & Awards 2024, clinching the coveted Islamic Digital Banking Provider of the Year Award. The ceremony, held at the Ritz-Carlton Dubai International Financial Centre (DIFC), drew over 300 senior executives and dignitaries from the banking and fintech sectors across the Middle East and Africa. This recognition underscores Ajman Bank’s dedication to providing innovative and Shariah-compliant digital […]

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Singapore and regional Industry professionals can anticipate Graphisoft’s latest BIM product innovations, including BIMx on Apple Vision Pro, simplifying workflows and meeting local CORENET X, IDD, and IFC-SG requirements. SINGAPORE – Media OutReach Newswire – 16 May 2024 – Graphisoft, the leading Building Information Modeling (BIM) software solution developer for architecture and multidisciplinary design, proudly announces its role as the Title Sponsor of the Singapore AF Conference […]

The world’s 12 most populous countries saw declines in a global index measuring democratic accountability. This democratic backsliding could turn into a slippery slope leading to more deterioration, researchers warn. LOS ANGELES, UNITED STATES – Newsaktuell – 16 May 2024 – An overwhelming majority of the world’s people live in countries that lost ground on measurable benchmarks of democratic accountability from 2010-2021, according to a global index […]

The innovative feature provides Visa cardholders with effortless transparency in tracking and maximising credit card rewards across their credit card portfolio, enabling smarter spending to unlock a world of rewards — from daily rebates to free dream vacations. SINGAPORE – Media OutReach Newswire – 17 May 2024 – heymax, a Singapore-based fintech start-up recently announced the launch of its latest innovation, Card Maximiser, in partnership with Visa. […]

Beleaguered crypto lender Genesis Global has received a court nod to return roughly $3 billion worth of cash and cryptocurrency to its customers. This decision comes as part of a court-approved liquidation plan, marking a significant development in the company’s bankruptcy proceedings. The move stands in contrast to the objections raised by Digital Currency Group (DCG), Genesis’ parent company. DCG argued that Genesis should only distribute the […]

On May 16, 2024, His Highness Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah, welcomed Jaan Reinhold, Estonia’s Ambassador to the United Arab Emirates, at the Saqr bin Mohammed City palace. The meeting focused on exploring avenues to solidify cooperation between the two nations across various sectors. Sheikh Saud expressed his appreciation for Ambassador Reinhold’s visit and emphasized the significance of fostering stronger […]

Qatar is embarking on a significant digital transformation journey, placing a strategic bet on artificial intelligence (AI) as a key driver. The nation revealed a $2. 47 billion investment package to fuel its AI ambitions during the fourth edition of the Qatar Economic Forum. This commitment signifies Qatar’s intent to become a regional leader in AI adoption. Shedding light on the initiative, Qatar’s Prime Minister and Minister […]

Bankrupt crypto lender Genesis Global Capital has secured a crucial victory in its ongoing restructuring efforts. A US bankruptcy court judge has approved the company’s plan to distribute billions of dollars worth of digital assets and cash to creditors, rejecting a challenge from its parent company, Digital Currency Group (DCG). The decision, reached by Judge Sean Lane on Friday, paves the way for Genesis to begin returning […]

The emirate of Ras Al Khaimah in the United Arab Emirates is poised for a surge in cryptocurrency adoption thanks to a new collaboration between Tether, the world’s largest stablecoin issuer, and RAK Digital Assets Oasis (RAK DAO). This strategic partnership aims to propel the use of Bitcoin and stablecoins within the region through educational initiatives and fostering a crypto-friendly environment. Tether, the company behind the USDT […]

HONG KONG SAR – Media OutReach Newswire – 17 May 2024 – Since the resumption of cross-border travel between Mainland China and Hong Kong in the middle of last year, Xiaohongshu has become lifestyle and travel guides for mainland tourists and drifters. Edwin Lee, a renowned entrepreneur and an investment expert, who is also the founder of Bridgeway Prime Shop Fund, together with Horace Lui, Course Director […]

The Zayed Higher Organisation for People of Determination (ZHO), in partnership with the Egyptian Ministry of Youth and Sports, has announced the launch of the second phase of the “Bridges of Hope” program. This initiative aims to significantly improve the lives of people of determination in Egypt by rehabilitating and developing 60 centers dedicated to their needs. “Bridges of Hope” is built on the foundation of inclusivity […]

The landscape of online trading in UAE has been transformed by the rapid evolution of the digital economy. This region has emerged as a hub for financial technology, driven by robust regulatory frameworks and advanced technological infrastructure. For forex traders who navigate this market, understanding the unique aspects of the UAE’s trading environment is crucial for success. Key Factors Influencing Online Trading in the UAE Regulatory Environment […]

SINGAPORE – Media OutReach Newswire – 17 May 2024 – MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a market-leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, has been honoured at the ‘Best Companies to Work for in Asia, Hong Kong 2024″ awards organized by HR Asia, a leading publication in the human resources industry. MoneyHero Group is named among the […]

The Abu Dhabi Global Healthcare Week (ADGHW) concluded on a high note, marking a significant step forward in global healthcare collaboration. The week-long event, which brought together health leaders, policymakers, and experts from around the world, culminated in a closing ceremony attended by prominent figures including Sheikh Zayed bin Hamdan bin Zayed Al Nahyan. Sheikh Zayed bin Hamdan’s presence underscored the UAE’s commitment to advancing healthcare on […]

Highlights of FY23/24 Results For the financial year ended 31 March 2024, total sales amounted to US$3,814 million – an increase of 5% compared to the prior year Gross profit totalled US$851 million – an increase of 19% EBITA, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, increased by 56% to US$343 million or 9.0% of sales (compared to 6.0% of sales in FY22/23) […]

DUBAI, UAE – EQS Newswire – 16 May 2024 – Telecoming, sportech company specializing in developing and distributing mobile experiences for sports and entertainment, will take part, for the second year in a row at Telecom World Middle East 2024, scheduled for May 28-29. The company’s involvement in the event is part of a strategic initiative aimed at strengthening its presence in the region by partnering with […]

First of its kind in Hong Kong’s construction industry to drive ESG initiatives HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) and Sanfield (Management) Limited (“Sanfield”) today announced the launch of pioneering Sustainability-linked Supplier Payment Services (“SPS”) for the Hong Kong construction industry. The SPS program marks a significant milestone in extending environmental, social and […]

Emirates NBD, a leading bank in the United Arab Emirates, is making a significant stride towards democratizing fixed-income investments. The bank announced it will offer fractional bond investments through its digital wealth platform, the ENBD X app. This move allows individual investors to participate in the bond market with a lower minimum investment compared to traditional whole bond purchases. Previously, the high minimum investment amounts associated with […]

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