By Saifur Rahman Investment Corporation of Dubai, an investment arm of the Government of Dubai, reported a 68 percent jump in net profits to a new record of Dh60.8 billion on Dh310.2 billion in revenue for the year ended 31 December 2023. This growth has been backed with strong growth reported by the Emirates Group that includes the world’s largest international passenger carrier Emirates Airline and its […]
Three Eight Six Holdings Ltd. , a leading renewable energy developer in the Middle East and North Africa (MENA) region, has joined forces with B. Grimm Power PCL, a prominent Thailand-based electricity producer, in a strategic alliance designed to revolutionize the renewable energy landscape across the Gulf Cooperation Council (GCC) countries. This collaboration brings together Three Eight Six Holdings’ extensive expertise in developing and financing renewable energy […]
Kuwait’s National Bank of Kuwait (NBK), the country’s leading financial institution, is poised to make a significant stride in the area of sustainable finance by issuing its first-ever green bond. This move highlights a growing trend in the region towards environmentally conscious investment opportunities. The issuance, anticipated for the coming months, reflects NBK’s commitment to aligning its operations with international sustainability objectives while capitalizing on the rising […]
Europe’s right-wing parties are preparing to pounce on voter dismay following years of austerity policies in many countries, say leading global governance researchers in a new report released on the eve of the European Parliament elections. Researchers behind a new Berggruen Governance Index (BGI) report suggest that polices such as crisis austerity measures and a failure to take pro-active steps to drive growth are behind a drop […]
Europe’s right-wing parties are preparing to pounce on voter dismay following years of austerity policies in many countries, say leading global governance researchers in a new report released on the eve of the European Parliament elections. BRUSSELS, BELGIUM – Newsaktuell – 28 May 2024 – Researchers behind a new Berggruen Governance Index (BGI) report suggest that polices such as crisis austerity measures and a failure to take […]
While equities have historically been the bedrock of investment portfolios, and continue to be so, seeking out new opportunities is becoming ever more attractive, especially among the wealthy. Indeed, family offices now have 46% of their total portfolio in alternative investments, according to the latest JPMorgan Private Bank Global Family Office Report. The allure of alternative investments lies in their ability to provide diversification benefits that go […]
Energy industry leaders from around the world have converged in Abu Dhabi for a crucial conference focused on oil and gas pipeline technologies. The conference, which kicked off this week, serves as a platform for industry experts to delve into the latest advancements in pipeline infrastructure, operational efficiency, and sustainability practices. The gathering in Abu Dhabi comes at a time when the global energy sector is navigating […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 28 May 2024 – Kenanga Investment Bank Berhad (“Kenanga” or “Kenanga Group” or “the Group“) today announced its financial results for the first quarter ended on 31 March 2024 (“1Q24“). Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad The Group reported an increase in revenue to RM204.2 million and growth in profit before tax (“PBT“) to […]
By Satyaki Chakraborty For Latin American Left as also the Global Left, there seems to be a welcome news waiting on June 2 as nearly 100 million voters of Mexico including a record number of first timers will be polling to elect a new President as also many other positions including 628 member Parliament. All […]
The post Left Wing MORENA Expected To Win In Mexican General Elections On June 2 first appeared on Latest India news, analysis and reports on IPA Newspack.
Abu Dhabi-based education technology leader Alef Education announced the price range for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) today. The company also revealed the commencement of the subscription period for potential investors. Alef Education set its offering price range between AED 1. 30 and AED 1. 35 per share. This translates to an expected market capitalization of between AED 9. 10 […]
Saudi Arabia is witnessing a significant social and economic transformation, with women playing an increasingly important role. A key driver of this change is the growing emphasis on financial literacy initiatives targeted towards women. Equipping women with financial knowledge empowers them to make informed decisions, leading to household financial stability and contributing to the country’s overall economic growth. Traditionally, financial decision-making within Saudi households often fell solely […]
South Asia, a region harboring nearly a quarter of the world’s population, faces a stark reality – its climate challenges transcend national borders, demanding a unified response. From the colossal Himalayan glaciers rapidly receding to the erratic monsoon patterns wreaking havoc on agriculture, the climate crisis in South Asia is a story of interconnected vulnerabilities. Experts warn that piecemeal national efforts will be inadequate in the face […]
The United Arab Emirates (UAE) has reached out to Papua New Guinea, offering condolences and expressing solidarity following a catastrophic landslide that claimed hundreds of lives. The Ministry of Foreign Affairs (MoFA) issued a statement conveying the nation’s deepest sympathies to the government, people of Papua New Guinea, and most importantly, the families who lost loved ones in the disaster. The landslide, which struck the remote Enga […]
Japanese financial services giant Nomura Holdings and its digital asset subsidiary, Laser Digital, are joining forces with GMO Internet Group to delve into the issuance of stablecoins pegged to both the Japanese yen (JPY) and the United States dollar (USD) within Japan. This collaborative effort signifies a growing interest in stablecoin technology from established financial institutions in the Asian nation. The announcement, made on May 27, 2024, […]
SINGAPORE- Media OutReach Newswire – 27 May 2024 – MPFunds, Asia’s First Trading Performance Programme, announces its strategic expansion into Thailand, solidifying its position as the leading modern prop trading firm in Asia. This bold move comes after a year of incredible success, highlighted by a major event that showcases MPFunds’ leading role in the trading industry. Mypocket Funds expanding to Thailand and Beyond The decision to […]
The future is looking bright for seventeen innovative companies led by women entrepreneurs. These ventures graduated from the Investment Readiness Acceleration Programme, a collaborative effort between the Ministry of Economy and the European Women’s Association (EWA). Launched earlier this year, the program aimed to empower female-founded startups by equipping them with the tools and knowledge to secure investment and propel their businesses forward. A highly selective process […]
The value of altcoin (alt), a prominent player in the decentralized finance (DeFi) space, experienced a dramatic plunge over the weekend following controversial statements by its founder during an online forum. The price of alt, which reached an all-time high of nearly $30 per coin in early March, nosedived by over 70% within a 24-hour period, currently hovering around the $8 mark. This sudden downturn is being […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 27 May 2024 – The latest economic report for the first quarter of 2024 from Bank Negara Malaysia (BNM), combined with new, revised data from the Department of Statistics Malaysia (DOSM), gives optimism about Malaysia’s economy in the coming year. Thus, the economy grew by 4.2% at the end of the first quarter of 2024, beating the 3.9% growth […]
Startups and Entrepreneurship in Saudi Arabia a Dynamic Ecosystem Saudi Arabia is fleetly arising as a seedbed for startups and entrepreneurship. With a immature population, visionary leadership, and ambitious plans under Vision 2030, the Kingdom is transubstantiating its frugality from an oil painting-dependent model to a diversified, innovative hustler. This blog explores the vibrant incipiency ecosystem in Saudi Arabia, highlights the part of freight forwarding and logistics […]
The Maldives, a string of idyllic islands in the Indian Ocean, is poised to embrace India’s RuPay card system, a move anticipated to strengthen the Maldivian Rufiyaa (MVR) and streamline financial transactions for Indian tourists. The announcement, made by Maldives’ Minister of Economic Development and Trade Mohamed Saeed, comes amidst growing efforts to bolster tourism – the lifeblood of the Maldivian economy – and forge closer economic […]
Buckle up, wanderlust-stricken Americans!The summer travel season is poised for takeoff, with Airlines for America (A4A), the industry’s trade group, predicting a record-breaking surge in passenger numbers. They anticipate a whopping 271 million travelers taking to the skies between June 1 and August 31, a significant 6. 3% increase compared to last summer’s bustling season. This surpasses the previous record of 255 million passengers set in 2023. […]
Credit rating agency Moody’s Investors Service signaled its confidence in Saudi Arabia’s economic trajectory by maintaining the country’s A1 rating and assigning a positive outlook. This decision reflects the kingdom’s progress in implementing its ambitious reform agenda, which began in 2016. Moody’s highlighted the government’s effectiveness in managing its budget and macroeconomic policies. These efforts have bolstered financial stability and created a foundation for sustainable economic diversification. […]
In a significant step towards a world free from hunger and poverty, delegates from the G20 major economies reached a consensus on the framework for a new Global Alliance Against Hunger and Poverty. The agreement, reached on May 24th at the closing meeting of the Task Force to Fight Hunger and Poverty in Teresina, Brazil, marks a major milestone in the fight against global hunger. The alliance, […]
A delegation from Columbia University’s School of Social Work recently visited the Family Development Foundation (FDF) to gain a deeper understanding of the organization’s innovative approach to strengthening families. The delegation, comprised of professors and doctoral students, was particularly interested in FDF’s multi-pronged strategy that tackles social and economic challenges faced by families. During their visit, FDF staff provided a comprehensive overview of their core programs. A […]
