RIYADH — Saudi Arabia has climbed to the second spot on the list of best countries for expatriates, a significant leap from its 14th position last year, according to a recent survey. The kingdom was outperformed only by Denmark in the Working Abroad Index, with over half of respondents expressing satisfaction with the local job market. The survey highlighted Saudi Arabia’s remarkable progress in career prospects, surpassing […]
HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – Metro Finance and BNI Hong Kong, the world’s leading business networking and referral organization, jointly hosted the inaugural “Top 100 Business Awards 2024” Award Presentation Ceremony on July 10 at the Hong Kong Convention and Exhibition Centre. The event was attended by over 2,000 BNI business leaders from different countries and regions. The ceremony honored […]
A recent study by LinkedIn paints a complex picture of Generation Z’s ambitions in the workforce. While a strong desire to combat climate change fuels a yearning for “green jobs, ” a significant skills gap presents a hurdle for these eco-conscious young adults.
The study revealed that nearly 60% of Gen Z professionals in the United Arab Emirates (UAE) expressed interest in pursuing environmentally focused careers within the next five years. This enthusiasm stems from a multi-pronged motivation:a genuine concern for the planet (57%), a belief in the abundance of opportunities within the green sector (51%), and the potential for competitive compensation (49%).
However, this passion is hampered by a lack of preparedness. The study found that only a mere 1 in 20 Gen Z workers possess the specific skillsets deemed crucial for tackling environmental challenges. This shortfall is compounded by a troubling lack of awareness regarding the diverse career paths available in the green sector. Just 30% of Gen Z professionals surveyed were familiar with the spectrum of green roles. This limited understanding likely contributes to the perception, held by 63%, that green job opportunities are scarce.
Furthermore, only 16% of Gen Z respondents felt they had access to adequate training programs that could equip them with the necessary skills to thrive in these coveted positions. This highlights a critical gap between the aspirations of young people and the resources available to bridge the knowledge and experience divide.
The study underscores the urgent need for targeted educational and training initiatives. Equipping Gen Z with the specialized skillsets required for green jobs presents a win-win scenario. It empowers young people to contribute meaningfully to environmental solutions while simultaneously bolstering the green workforce and accelerating the pace of sustainable development.
The findings suggest a potential solution lies in fostering collaboration between educational institutions, governments, and the private sector. Universities and colleges could develop targeted green curriculum tracks, while government grants and industry-sponsored training programs could provide financial assistance and practical learning opportunities.
By working together, stakeholders can empower Gen Z to translate their eco-anxiety into positive action, propelling them towards fulfilling careers that contribute to a greener future.
Indian cryptocurrency exchange CoinDCX, the nation’s largest by valuation, has announced a strategic move to solidify its presence in the global crypto market. In a recent development, CoinDCX acquired BitOasis, the leading cryptocurrency exchange platform in the Middle East and North Africa (MENA) region. This acquisition marks a significant step for CoinDCX, propelling it towards becoming a major international player in the cryptocurrency landscape.
Financial details of the acquisition haven’t been disclosed by either company. However, industry analysts believe the deal involves a substantial investment, considering BitOasis’ established position in the MENA region. Founded in 2016, BitOasis boasts a user base spanning 15 countries across the region and facilitates trading in over 60 cryptocurrencies. It has processed a trading volume exceeding $5 billion since its inception.
With this acquisition, CoinDCX gains access to a new and promising market. The MENA region has witnessed a significant surge in cryptocurrency adoption in recent years. Regulatory clarity and government initiatives supportive of blockchain technology have fostered a fertile ground for crypto businesses in the region. CoinDCX can leverage BitOasis’ experience and network to cater to this growing demand and expand its user base significantly.
The acquisition presents several advantages for BitOasis as well. CoinDCX’s financial muscle and technological expertise can empower BitOasis to accelerate its growth plans. The combined entity will boast a wider range of products and services, along with stronger liquidity, benefiting users on both platforms. Additionally, BitOasis can tap into CoinDCX’s institutional investor network, opening doors to new avenues for growth.
Experts believe this acquisition is a win-win for both companies. CoinDCX gains a foothold in a promising new market, while BitOasis receives the resources and backing to solidify its leadership position in the MENA region. The combined entity is expected to become a formidable force in the global cryptocurrency market, shaping the future of digital assets in these regions.
A surge of ransomware attacks linked to Chinese and North Korean hacking groups is targeting critical infrastructure around the world, raising concerns about potential disruptions to essential services. Cybersecurity firms have reported a rise in malicious activity targeting power grids, transportation systems, and water treatment facilities in recent weeks.
The attacks exploit vulnerabilities in these systems’ control networks, which manage their day-to-day operations. Once infiltrated, hackers can lock administrators out of critical functions and demand exorbitant ransoms to restore access. The potential consequences are dire. Disruptions to power grids could lead to widespread blackouts, crippling hospitals, businesses, and homes. Transportation systems could grind to a halt, stranding commuters and jeopardizing the delivery of goods. Water treatment facilities could be manipulated, contaminating water supplies and posing serious health risks.
The motivations behind these attacks are complex. While financial gain is a significant driver, some experts believe these campaigns are also intended to sow chaos and disrupt critical services. China and North Korea have a history of using cyberattacks for espionage and political purposes. In the past, both countries have been accused of launching cyberattacks against their rivals, including the United States and South Korea.
Attributing these attacks to specific actors is challenging. Cybercriminals often use sophisticated techniques to mask their locations and identities. However, cybersecurity experts have identified patterns in the malware used in these recent attacks that are linked to known Chinese and North Korean hacking groups.
The international community is scrambling to respond to this growing threat. Governments are urging critical infrastructure operators to bolster their cybersecurity defenses and implement stricter security protocols. Law enforcement agencies are collaborating to track down the perpetrators and disrupt their operations. International organizations are calling for greater cooperation between countries to develop a unified approach to combating cyberattacks.
The urgency of the situation cannot be overstated. The increasing sophistication of these attacks, coupled with the vulnerability of critical infrastructure systems, creates a perfect storm for widespread disruption. While the full extent of the damage remains to be seen, one thing is clear:the global community must act swiftly and decisively to thwart these attacks and safeguard essential services.
The U. S. Department of Justice (DOJ) announced on Wednesday that cryptocurrency exchange BitMEX pleaded guilty to violating the Bank Secrecy Act (BSA). This comes after accusations that the Seychelles-based exchange failed to implement a proper anti-money laundering (AML) program for a significant period. According to the DOJ, BitMEX operated without an adequate AML program between September 2015 and September 2020. This lapse allegedly allowed the exchange […]
The United Arab Emirates (UAE) delegation attending the United Nations High-Level Political Forum on Sustainable Development (HLPF) presented the country’s roadmap for achieving sustainability goals through strategic partnerships and innovation. Abdullah Nasser Lootah, Deputy Minister for Cabinet Affairs for Competitiveness and Knowledge Exchange, and Chair of the UAE National Committee for Sustainable Development Goals (SDGs), highlighted the UAE’s pioneering approach to development priorities. Lootah emphasized the nation’s […]
PARIS, FRANCE – Media OutReach Newswire – 9 July 2024 – Appier, a software-as-a-service (SaaS) company that uses artificial intelligence (AI) to power business decision-making, is thrilled to announce its successful partnership with TapNation, a top mobile gaming publisher, to optimize user acquisition for the hit game Thief Puzzle. Utilizing Appier’s CrossX Retargeting Solution, TapNation achieved remarkable KPI goals, including a 130% return on ad spend (ROAS). […]
HONG KONG SAR – Media OutReach Newswire – 9 July 2024 – The first baijiu company listed on the Hong Kong Stock Exchange and the second Chinese sauce-aroma baijiu stock being publicly listed, ZJLD Group Inc. (“ZJLD” or the “Company”, SEHK stock code: 06979. HK), has been honored with the prestigious “2023 China Financial Market Award” – Outstanding IPO of the Year for its outstanding financial performance, […]
The digital landscape is facing a major security challenge after a record-breaking leak exposed nearly 10 billion passwords. Dubbed “RockYou2024, ” the data dump dwarfs previous compilations, raising concerns for online safety. Researchers at Cybernews, a cybersecurity firm, discovered the leak on a popular hacking forum. The data, titled “RockYou2024. txt, ” was uploaded by a user with a history of sharing stolen information. Analysis indicates RockYou2024 […]
Saudi Reinsurance Company (Saudi Re) announced the completion of its stake sale in Probitas Holdings (Bermuda) Limited (PHBL) for $157. 4 million. The divested stake, representing 49. 9% ownership of PHBL and its subsidiaries, is expected to positively impact Saudi Re’s financial performance in the third quarter of 2024, according to a company statement released on the Saudi Stock Exchange (Tadawul). The agreement between Saudi Re and […]
DHL Express’s digital tools are available to equip small and medium enterprises (SMEs) with knowledge and expertise to navigate the global marketplace from planning to aftersales SINGAPORE – Media OutReach Newswire – 10 July 2024 – DHL Express is empowering small and medium enterprises (SMEs) with a suite of digital tools to expand their footprint, and increase international trade and shipping activities. These digital tools enable resource-constrained […]
The United Arab Emirates (UAE) has solidified its position as the frontrunner in environmental sustainability and climate action across the Middle East and Africa (MEA) region, according to a recent report by Agility Global. The findings, released as an update to Agility’s MEA Environmental Sustainability Scorecard, evaluated 17 countries on environmental outcomes, government policies, and corporate practices. The report commends the UAE’s significant strides in clean energy […]
Unionized workers at Samsung Electronics, South Korea’s technological titan, have escalated their fight for improved pay and leave policies by initiating an indefinite strike. This decision comes after a three-day walkout that concluded on July 10th. The National Samsung Electronics Union (NSEU), representing nearly a quarter of the company’s workforce in South Korea, asserts that the management has been unwilling to engage in meaningful discussions regarding their […]
DUBAI, United Arab Emirates – In a move that strengthens the UAE’s position in the green energy sector, DUBAL Holding, the emirate’s sovereign wealth fund with a focus on sustainable investments, announced the acquisition of an equity stake in BiOD Technology FZCO. BiOD holds the distinction of being the largest biodiesel manufacturer not only in the UAE but across the entire GCC region. The partnership between the […]
By Tajul Islam As global economic dynamics shift, emerging economies seek new opportunities for growth and influence. A notable development is the BRICS coalition, originally comprising Brazil, Russia, India, China, and South Africa. With its recent expansion, the BRICS framework has introduced the concept of BRICS+, aiming for deeper and more flexible economic integration. This article explores the differences between BRICS and BRICS+, and examines the potential […]
The International Islamic Liquidity Management Corporation (IILM) successfully reissued a total of $940 million in short-term sukuk across three separate maturities. This marks the seventh auction conducted by the IILM in 2024, signifying continued investor demand for these Shariah-compliant financial instruments. The sukuk offering comprised three tranches with varying tenors. The first tranche consisted of $440 million with a one-month maturity, priced at a competitive rate of […]
HONG KONG SAR – Media OutReach Newswire – 10 July 2024 – Generali Hong Kong has achieved significant recognition at the Insurance Asia Awards 2024, receiving two prestigious awards that underscore its excellence in social media engagement and product innovation. The two awards received by Generali Hong Kong include: Social Media Initiative of the Year New Insurance Product of the Year The award recognizes Generali Hong Kong’s […]
Saudi Arabia’s Capital Market Authority (CMA) has given the thumbs-up to a public offering for the GIB Opportunistic Indian Equity Fund, paving the way for Saudi investors to tap into the growing Indian stock market. The announcement, made on July 7, 2024, follows an application submitted by GIB Capital, a leading Saudi Arabian financial services firm. The CMA’s approval signifies that the regulatory body has reviewed and […]
Qatar Islamic Bank (QIB) has exited the race to acquire United Bank, a state-owned Egyptian entity under the Central Bank of Egypt’s (CBE) control. Talks between the two parties reportedly reached an impasse due to a disagreement on valuation. According to a source cited by Shourouk News and reported by the Egyptian news website Enterprise, QIB’s offer fell short of the CBE’s expectations, failing to reach the […]
SINGAPORE – Media OutReach Newswire – 9 July 2024 – Terence Lau & Associates (TLA), a leading financial services agency in Singapore, has announced that it plans to grow the size of its organisation. Director and head of TLA, Mr Terence Lau, a veteran in the financial advisory industry of almost 15 years, has recognized the immense potential of the younger workforce in the financial advisory sector […]
The G7’s (Group of Seven) recent move to seize assets belonging to Russian oligarchs and government officials has triggered a potential financial ripple effect, with Saudi Arabia issuing a stark warning. The Saudis, a major oil producer and significant player in the global financial markets, have threatened to dump their holdings of US Treasuries if the G7 continues down this path. The crux of the Saudi concern […]
Saudi Aramco, the world’s largest oil producer by crude output, has re-entered the international debt market with a US dollar-denominated bond issuance. This marks the company’s first foray into the global debt market since 2021, signifying its continued financial strength and strategic investment plans. The details of the bond offering were announced on the Saudi Stock Exchange (Tadawul) on July 9th, 2024. The bonds will be senior […]
