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 […]
Arabian Post Staff-Dubai Saudi Arabia is reportedly considering a multi-billion dollar stock sale of energy giant Saudi Aramco as early as June. This potential sale could be one of the biggest stock offerings ever witnessed in the Middle East. Details surrounding the offering are still being finalized, but sources familiar with the matter say it could raise around $10 billion. The offering comes as Saudi Arabia pushes […]
Significant progress was achieved in the fight against global hunger this week as delegates from the G20 major economies reached a consensus on the framework for a new Global Alliance Against Hunger and Poverty. The agreement, reached during a meeting of the G20’s Task Force to Fight Hunger and Poverty in Teresina, Brazil, paves the way for the alliance’s official launch by November 2024. The alliance represents […]
Saudi Arabia, the world’s largest oil exporter, is witnessing a turning point in its energy sector. The kingdom recently signed agreements for a record-setting 1. 1 gigawatts (GW) of wind power capacity, marking a significant stride towards its ambitious target of awarding 20 GW of renewable energy projects this year. This surge in renewable energy is directly contributing to a decrease in the country’s reliance on burning […]
Climate change isn’t just an environmental threat; it’s increasingly becoming a financial one for corporations. But a new study suggests a hidden weapon companies may wield in this battle:CEOs with a strong background in environmental issues. The research, published in a recent issue of the Journal of Business Research, explores the complex interplay between climate change exposure (CCE), corporate financial and energy performance, and the moderating effect […]
A new survey by MoneySmart finds that 46% of Hong Kong and Singaporean adults are actively trying to go against their parents’ bad financial habits. The new study looked at how parents’ behaviours shape financial habits in later life, finding that those whose parents tended to overspend, shop impulsively or struggle with debt, were likely to do the same as adults. Over half (54%) of Hong Kong […]
In a move that underscores the growing economic ties between the United Arab Emirates (UAE) and the United States, Abdullah bin Touq Al Marri, the UAE’s Minister of Economy, met with New York City Mayor Eric Adams on the sidelines of an official visit to the U. S. The central theme of the discussion revolved around fostering stronger economic collaboration across various sectors of mutual interest. The […]
HONG KONG SAR – Media OutReach Newswire – 24 May 2024 – Global CFDs broker VT Markets participated as a key exhibitor in the WIKIEXPO fintech expo held in Hong Kong on 17 May. Organized by WikiGlobal, the event brought together 300 exhibitors and over 3,000 elite professionals from the global financial industry to explore the integration of finance and information technology. Fintech remains highlight of the […]
NEW YORK, US – Media OutReach Newswire – 24 May 2024 – CBiGroup, a Fintech Group based in the U.S., has secured $15 million in Series A funding. Alpol Capital Family Office, known for its investments in new technologies, led the funding round. The funds will enhance R&D, focusing on new technologies to improve products and drive innovation, according to Jiangtao Sun, founder of CBiGroup. Founded in […]
NEW YORK, USA – Media OutReach Newswire – 24 May 2024 – Recently, ZUHYX, a leading global crypto asset exchange, announced a $200 million investment fund for venture investments and innovation incubation in the Web3 domain. This fund will support startups focused on increasing crypto adoption, emphasizing project incubation, early-stage development, and later-stage growth, thereby promoting the widespread adoption of blockchain technology and cryptocurrencies. “We aim to […]
The US Securities and Exchange Commission’s (SEC) recent approval of spot Ether ETFs marks a watershed moment for cryptocurrency’s journey into the mainstream. This decision not only opens up new avenues for investors to access Ethereum, the world’s second-largest digital asset, but also sets a precedent for the potential inclusion of other cryptocurrencies in traditional investment vehicles. For both institutional and individual investors, spot Ether ETFs offer […]
Matein Khalid The April jobs number and now the April CPI has reinforced convictions that inflation will continue to come down and thus the capital markets price two Fed rate cuts by year end. The 10-year US Treasury note yield has dropped to 4.40% though the 2-year note is still at 4.82%, making this yield curve inversion protracted even as retail sales slip and consumer credit metrics […]
Saudi Arabia’s Export-Import Bank (Saudi EXIM Bank) inked two significant agreements with prominent Japanese financial institutions, SMBC Business Banking and MUFG Bank, during the Saudi-Japan Vision 2030 Business Forum held in Tokyo. This collaboration aims to bolster cooperation and open doors for co-financing ventures, ultimately propelling Saudi non-oil exports into target markets. The agreements were signed by Eng. Saad bin Abdulaziz Al-Khalab, CEO of Saudi EXIM Bank, […]
HANOI, VIETNAM – Media OutReach Newswire – 24 May 2024 – Leveraging Vietnam’s production strengths and backed by Vingroup, the country’s largest private conglomerate, Vietnamese electric vehicle maker VinFast is poised for expansion in the European market. Vietnam’s richest man is pouring resources into VinFast, the electric vehicle arm of Vingroup, Vietnam’s largest private company. This move signals a strong belief in the future of electric mobility. […]
Strengthening of a unique NGO-corporation collaboration model that links conservation goals with economic potential and addresses societal issues like deforestation and land degradation. Extension of multi-year agreement that started in 2018, focusing on five strategic projects across the globe. By 2026, ambitious target to recover over 300 thousand hectares of degraded land in Cerrado Brazil and regenerate agricultural soils in China with a focus to impact the […]
HONG KONG SAR – Media OutReach Newswire – 23 May 2024 – Speaking to Pearl Lam (林明珠) on YouTube in a new episode of The Pearl Lam Podcast called ‘The Golden Era Of Gay Cinema’, Hong Kong screenwriter and Director Ray Yeung has shared his hopes for the future of Hong Kong cinema, highlighting the importance of LGBTQ representation and the exploration of underrepresented narratives. Followers can […]
The United Arab Emirates (UAE) announced a significant economic boost for Pakistan with the allocation of $10 billion for investment in promising sectors. The news follows a working visit by Pakistan’s Prime Minister, Shehbaz Sharif, to the UAE, where he held talks with President His Highness Sheikh Mohamed bin Zayed Al Nahyan. This financial injection is expected to provide a much-needed shot in the arm for Pakistan’s […]
Arabian Post Staff – Dubai The Abu Dhabi National Oil Company (ADNOC) announced the successful completion of a secondary share sale in ADNOC Drilling, raising $935 million. This transaction, designed to broaden investor participation and enhance liquidity in the UAE’s equity market, follows ADNOC Drilling’s initial public offering (IPO) in 2021. The offering involved the placement of 880 million shares with institutional investors, representing 5. 5% of […]
By Nitya Chakraborty The first five phases of polling for the 2024 Lok Sabha elections are over by now, with only 115 seats out of the total of 543 remaining for voting in the next two phases. The results will be out on June 4. In the last few days, all top leaders of the […]
The post NDA Losing Majority In 2024 Lok Sabha Polls Is A Distinct Possibility Now first appeared on Latest India news, analysis and reports on IPA Newspack.
LONDON, UK – Media OutReach Newswire – 23 May 2024 – Money20/20, the world’s leading fintech show, and the place where money does business, unveils its dynamic agenda for its upcoming Europe show in Amsterdam, 4-6 June. The agenda will explore how advanced analytics and technologies can be used to anticipate customer behaviour and build hyper-personalised solutions that unlock a holistic financial ecosystem – a ‘Customer Universe […]
The United Arab Emirates (UAE) and Saudi Arabia emerged as the frontrunners in the Middle East and North Africa (MENA) region for issuing green bonds in 2023, collectively accounting for over $15. 4 billion, according to market reports. This surge in green bond issuance reflects a growing commitment from these countries to sustainable development and environmental initiatives. The UAE played a pioneering role, with Dubai issuing its […]
Dubai-based clean energy company Alcazar Energy has secured a significant investment of $490 million for its second renewable energy fund. This fund, known as Alcazar Energy Partners II, represents more than double the amount raised by its predecessor in 2021. The funding will significantly accelerate Alcazar’s development of utility-scale renewable energy projects in emerging markets. The fund’s closing was bolstered by the participation of the US International […]
Allianz Safety and Shipping Review 2024: 26 large ships lost worldwide in 2023, down by one third year-on-year, the industry’s lowest ever total South China, Indochina, Indonesia and the Philippines is the main loss hotspot globally, accounting for almost of third of all losses at sea in 2023 War and geopolitical conflicts shake up the shipping industry, with a number of major consequences Climate risks on the […]
