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Building a framework for neutral hosting in Middle East and Africa

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% […]

Saudi-China Financial Partnership on Upswing During Beijing Talks

Top financial officials from Saudi Arabia and China convened in Beijing this week, signaling a commitment to bolstering economic ties between the two nations. The meetings, co-chaired by Saudi Minister of Finance Mohammed Al-Jadaan and his Chinese counterpart, mark the third session of the Financial Sub-Committee for the High-level Chinese-Saudi Joint Committee. The discussions come amidst a backdrop of strengthening diplomatic and economic relations between the two […]

Takatuf Program Seeks New Volunteers

The Takatuf program, a community initiative focused on social volunteerism, is seeking enthusiastic individuals to join its ranks. Designed to empower communities and foster a spirit of civic engagement, Takatuf offers a diverse range of volunteer opportunities that cater to a variety of interests and skillsets. Whether you’re passionate about education and mentoring or possess a knack for organizing events and social gatherings, the Takatuf program has […]

EU Unveils Long-Awaited Overhaul of Migration Policies

The European Council has finally adopted a comprehensive reform package for the bloc’s immigration and asylum system, following years of debate and negotiation. The “Pact on Migration and Asylum, ” as it’s called, aims to create a more streamlined and equitable approach to managing migration flows across the EU. One of the most contentious aspects of the pact is the introduction of a “mandatory solidarity” mechanism. This […]

Canopy Sands Development’s Bay of Lights Leads Sustainable Urban Development in Cambodia, Highlighted at Global Climate Action Forum

PHNOM PENH, CAMBODIA – Media OutReach Newswire – 20 May 2024 – At the Global Climate Action Forum (GCAF), Canopy Sands Development’s Bay of Lights project is highlighted as a leading example of sustainable urban development in Cambodia. The forum, held at Himawari Hotel Apartments and co-organized by the Ministry of Environment (MoE) and W-Foundation, emphasized Cambodia’s commitment to sustainability through public-private partnerships. Bay of Lights project […]

Large FPI Pullout, Gold Import Surge Portend Political Power Change At The Centre

Bank Muamalat Partners with Backbase to Strategically Lead Malaysia’s Next-Gen Digital Islamic Banking

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 […]

AI skills could boost Hong Kong workers’ salaries by up to 28% and accelerate career growth as AI adoption ramps up, new research finds

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 […]

Leading Hong Kong Law Firm Oldham, Li & Nie Pioneers Elder Law Practice to Serve the Community

HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – Oldham, Li & Nie, a leading independent law firm, is pleased to announce that it will be the first Hong Kong law firm to establish a dedicated Elder Law Practice Group. This groundbreaking initiative marks a significant milestone in the legal landscape of the HKSAR. Through its longstanding commitment to its Pro Bono and Community […]

ADUG Era Ushers in Decade and a Half of Trophies

Manchester City’s relentless trophy haul under the Abu Dhabi United Development and Investment Group (ADUG) ownership continues to rewrite Premier League history. With their recent Premier League triumph, the club now boasts a staggering 23 titles since the 2008 takeover – a period spanning just over 16 years. This era of dominance began with a focus on domestic dominance. The League Cup became a familiar friend, with […]

Cyber Attack-Data Breach is Top Business Risk Facing Financial Institutions, Aon Survey

HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – Aon plc (NYSE: AON), a leading global professional services firm, has announced the results of its 2023 Global Risk Management Survey, which gathered input from nearly 3,000 risk managers, C-suite leaders, treasurers, talent professionals and other executives from 61 countries and territories to identify their most pressing business challenges. The 2023 edition of Aon’s biennial […]

Ajman Bank Takes Home Islamic Digital Banking Crown

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 […]

Most of the world is living under eroding democratic accountability

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 […]

Hong Kong’s Financial Innovation Advances —Evolving Capital’s Keynote Spotlights Hong Kong’s Opportunity for Virtual Assets

Forum Co-hosted by King & Wood Mallesons, UWEB, and EmergentX Focuses on the Future Development of Hong Kong’s Virtual Asset Spot ETFs HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – Amidst historic breakthroughs in Hong Kong’s financial technology sector, Mr. Leica Cai, co-founder of Evolving Capital, delivered a keynote speech titled “Opportunities of Hong Kong’s Virtual Asset Spot ETFs” at a high-level forum. […]

Abu Dhabi Investment Firm Lunate Unveils Japan Equity ETF

Abu Dhabi-based investment firm Lunate Capital is expanding its exchange-traded fund (ETF) offerings with the launch of a new product focused on Japanese stocks. The Chimera S&P Japan UCITS ETF, Lunate’s third ETF launch this year, will begin trading on the Abu Dhabi Securities Exchange (ADX) on May 29th. This new ETF provides investors with a chance to gain exposure to the top 30 most liquid stocks […]

heymax Partners with Visa to simplify Credit Card Rewards Experience

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. […]

Dubai Authority Weighs Developer Expansion

The Dubai Electricity and Water Authority (DEWA) is considering expanding its scope by taking on a developer role. This potential move comes as the authority looks to diversify its operations and contribute more significantly to Dubai’s ambitious infrastructure goals. DEWA, currently responsible for Dubai’s electricity and water supply, has a proven track record of managing large-scale projects. The authority’s successful implementation of various renewable energy initiatives has […]

QIA to Spearhead Investment in Ardian’s Semiconductor Fund

The Qatar Investment Authority (QIA), the country’s sovereign wealth fund, has announced its intention to become the anchor investor in Ardian Semiconductor, a newly established entity by the French private equity firm Ardian. This strategic move signifies QIA’s commitment to a leading investment firm and its innovative thematic fund dedicated to bolstering the European and French semiconductor industry. The global chip shortage has underscored the critical role […]

Octa announces call for applications to a coding bootcamp in Kuala Lumpur

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 17 May 2024 – As part of its continuous effort to provide better education opportunities for all social groups, Octa sponsors a coding bootcamp for students of Ideas Academy, an inclusive secondary school in Kuala Lumpur. Designed specifically for Malaysian students, the STATUS 200 bootcamp will be held in three stages, the first stage beginning on 17 June 2024. […]

UAE Leaders Extend Birthday Wishes to Kazakh President

On Saturday, May 18, 2024, Kazakhstan’s President Kassym-Jomart Tokayev received warm birthday greetings from the leadership of the United Arab Emirates (UAE). In separate messages, both UAE President Sheikh Khalifa bin Zayed Al Nahyan and Vice President Sheikh Mohammed bin Rashid Al Maktoum conveyed their sincere wishes for President Tokayev’s good health and happiness. They also expressed their hope for Kazakhstan’s continued progress and prosperity. The messages […]

Tanzania Secures $790 Million Lifeline to Bolster Climate Resilience

The International Monetary Fund (IMF) announced a significant agreement with Tanzania on Friday, May 17th, 2024. The agreement provides the East African nation with a much-needed financial boost of $790 million to bolster its resilience against the growing challenges of climate change. This concessional financing, provided under the IMF’s recently established Resilience and Sustainability Facility (RSF), signifies a critical step towards supporting Tanzania’s efforts to adapt to […]

Mr. Kelvin Pooh, Group CEO of the Eagle Renewable Energy (Shanghai) Co., Ltd., Seizes Victory as a Master Entrepreneur at the Asia Pacific Enterprise Awards 2024 China

SHANGHAI, CHINA – Media OutReach Newswire – 17 May 2024 – The Asia Pacific Enterprise Awards (APEA) 2024 China spotlights revisionist companies and entrepreneurs that have introduced initiatives and strategies aimed at nurturing an inclusive entrepreneurial community; these trendsetters of Asia’s business ecosystem champion inclusivity and break barriers for underrepresented groups. Organized by the leading regional NGO Enterprise Asia, the APEA’s objective is to foster the continuity […]

Qatar Forges Ahead in AI with $2. 5 Billion Investment

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 […]

Lab-Grown Diamond Glut Casts Shadow on Dubai’s Trade Hub Status

Arabian Post Staff – India, a global leader in producing lab-grown diamonds, is experiencing a price slump due to a surge in supply that may not be met by matching demand. This trend could have significant implications for Dubai, a key trading hub for both mined and lab-grown diamonds. The allure of lab-grown diamonds, often touted for their ethical and sustainable production methods, initially sparked a boom […]