HONG KONG SAR – Media OutReach Newswire – 7 May 2024 – From international rugby and golf to fencing and dragon boats, Hong Kong’s sports scene echoes the city’s diverse cultural blend of East and West, with world-class facilities to match. With 2024 being an Olympic year, Hong Kong is in the thick of the action. The inaugural Hong Kong leg of the FIE Foil World Cup […]
Arabian Post Staff – Dubai’s financial center is aiming to grab a slice of the massive private credit market with the launch of a new platform. The Dubai Financial Market (DFM) is setting its sights on the $1. 7 trillion global pool of private debt, hoping to make it easier for local companies to secure funding and for investors to access these alternative investments. This new platform, […]
The 2024 Dubai FinTech Summit has underscored the United Arab Emirates’ (UAE) position as a frontrunner in fostering financial and technological advancements across all sectors, according to Jihad Faitrouni, CEO of Unlimited Insurance Services (UIS). Faitrouni’s remarks came during a statement to the Emirates News Agency (WAM) on the sidelines of the summit, which concluded on May 7th, 2024. The event, held under the patronage of His […]
Over 70% of the affluent individuals surveyed express a greater interest in home ownership and anticipate a rise in housing prices in the next 12 months HONG KONG SAR – Media OutReach Newswire – 6 May 2024 – Hong Kong conducted a survey in April 2024 on residential property ownership in Hong Kong in response to the Hong Kong Government’s withdrawal of all property cooling measures in […]
Dubai further solidified its position as a global hub for financial technology this week by hosting the second edition of the Dubai FinTech Summit. The event, held under the patronage of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance of the United Arab Emirates (UAE), and President of the Dubai International Financial Centre (DIFC), brought together leading policymakers and financial […]
Anchored in the Egyptian city of Al Arish, the UAE’s Floating Hospital has become a beacon of medical care for the Palestinian people in Gaza. The 100-bed facility, staffed by a team of 100 medical professionals, offers a range of crucial services, including surgery, emergency care, and diagnostics. This vital initiative reflects the UAE’s ongoing commitment to supporting the people of Gaza amidst the ongoing humanitarian crisis. […]
Cryptocurrency platform Crypto.com is celebrating a landmark achievement, surpassing 100 million users globally. This impressive feat marks a doubling of their user base since May 2022, solidifying Crypto.com’s position as a major player in the ever-evolving cryptocurrency landscape. The company attributes this surge in popularity to a combination of strategic marketing campaigns and a focus on regulatory compliance. Crypto.com has actively pursued high-profile partnerships, including securing the […]
Al Maryah Community Bank (Mbank), a leading digital bank in the United Arab Emirates, has joined forces with the Khalifa Fund for Enterprise Development to launch a new Corporate Banking Platform. This collaboration aims to streamline financial operations and empower businesses of all sizes in the UAE. The announcement comes after the two organizations signed a Memorandum of Understanding (MoU) earlier in June 2023. The Corporate Banking […]
Incessant rain has wreaked havoc across southern Brazil, particularly in the state of Rio Grande do Sul. The relentless downpour has caused rivers to overflow their banks, triggering widespread flooding that has claimed at least 66 lives. Rescue crews continue to search for over 100 people reported missing, with the floodwaters hampering their efforts. The state civil defense authority estimates that more than 80, 000 residents have […]
Arabian Post Staff – The Dubai Financial Market (DFM) has joined forces with the Swiss Exchange, SIX, in a strategic partnership designed to expand investment opportunities for companies listed on both exchanges. This collaboration, announced during the Dubai Capital Market Summit, aims to streamline the process for companies seeking dual listings, essentially allowing them to trade their shares on both the DFM and the SIX. The agreement […]
Leaders from Brazil and Japan recently joined forces in a vital environmental pledge.On Friday,Brazilian President Luiz Inacio Lula da Silva and Japanese Prime Minister Fumio Kishida signed a comprehensive agreement in Brasilia focused on decarbonization initiatives and,most crucially,the protection of the Amazon rainforest. This collaborative effort comes at a critical time for the Amazon,often referred to as the “lungs of the Earth” due to its vast capacity […]
Fourth Consecutive Win for Philanthropist Chen Zhi’s Prince Group as “Best in Cambodia” Award Highlights Ongoing CSR Excellence PHNOM PENH, CAMBODIA – Media OutReach Newswire – 3 May 2024 – Prince Holding Group, one of Cambodia’s leading business groups, has been honored with the Platinum Award at the 16th Annual Global CSR & ESG Summit and Awards. This accolade, recognizing Prince Holding Group as “Best in Cambodia” […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 3 May 2024 – Understanding the intricacies of the Japanese yen (JPY) is essential to excel in trading. It is recognisable by its symbol ¥ and holds immense importance in the Forex market as a major reserve currency due to its popularity in carry trades. Impressively, it ranks as the third most traded currency, following only the U.S. dollar […]
SINGAPORE – Media OutReach Newswire – 3 May 2024 – UPCX (UPC), a developer of open-source blockchain payment systems, has announced that it will be the main sponsor of Coinfest Asia, which will be held in Indonesia on August 22-23, 2024. The event is expected to attract a wide range of participants including entrepreneurs, investors, government officials, and media from around the world, providing attendees with a […]
The OPEC Fund for International Development (OFID) and Uzbekistan have solidified their partnership with a new five-year framework agreement and a $20 million loan.Signed on May 3,2024,in Vienna,the agreement signifies a commitment by OFID to support Uzbekistan’s ambitious development agenda through $500 million in fresh financing. This partnership extension comes on the heels of a successful funding history between the two parties.OFID has already provided Uzbekistan with […]
Dutch authorities apprehended a man allegedly involved in the Zkasino scam,a crypto-based scheme that defrauded users of over $30 million.The arrest,which took place earlier this week,marks a significant development in the ongoing investigation into the high-profile heist. Zkasino,an online casino platform launched in 2022,promised users anonymity and provably fair games through utilization of the Zcash blockchain.However,concerns were raised in early 2023 when users reported being unable to […]
Emerging Trends in Asian Philanthropy and Impact Investment: Opportunities and Challenges HONG KONG SAR – Media OutReach Newswire – 3 May 2024 – Hong Kong is renowned for its rich history of philanthropy and caring culture. It is widely recognized as one of the most vibrant and promising cities in the field of philanthropy and charity services. The HKSAR government actively leverages Hong Kong’s unique advantages in […]
When AI meets Menu Engineering meets Restaurant Operations: Polaris ERP. Featuring an intuitive interface to identify the best options for boosting profits, cutting costs, and simplifying operations. This restaurant-savvy solution is all set and ready to show why AI is the next big thing in the F&B industry. Back in 2022, as the world was emerging from the Covid-19 pandemic, Somun Restaurant was already making waves with […]
More than 440 registered foundations and over 600 active entities affiliated with top family businesses and individuals in DIFC as of 2023. Home to more than 120 of the world’s wealthiest families and individuals, with a total net worth exceeding USD 1trn. Dubai ranked 1st in MEASA region and among the world’s top 22 cities in terms of wealthiest population centres in 2023 with over 68,500 HNWIs. […]
Arabian Post Staff – Saudi Arabia’s financial sector is undergoing a significant transformation,with the kingdom setting its sights on attracting a surge of foreign investment.A recently unveiled report,the 2023 Financial Sector Development Program (FSDP),outlines a series of ambitious goals aimed at enhancing the appeal of the Saudi stock exchange to international investors. One key objective is to increase foreign ownership of free float shares to 17% by […]
The Central Bank of the United Arab Emirates (CBUAE) opted to maintain its key interest rate,the base rate,at 5.40%.This decision,announced on May 1st,2024,aligns with the US Federal Reserve’s recent move to keep its benchmark interest rate unchanged. The base rate is a critical indicator that influences borrowing costs throughout the UAE’s financial system.By setting this rate,the CBUAE can steer economic activity.Lowering the base rate generally encourages borrowing […]
Apple Inc.reported its fifth consecutive quarter of declining revenue on Thursday,as iPhone sales showed signs of slowing and competition in China intensified.The tech giant,whose fortunes have long been tied to the success of its flagship smartphone,is grappling with a maturing smartphone market and a shift in consumer preferences towards more affordable devices. While Apple remains the world’s most valuable company by market capitalization,its grip on the smartphone […]
Building a unique platform for investor education TORONTO, CANADA – Media OutReach Newswire – 2 May 2024 – Moomoo, the world’s most advanced trading platform, hosted an exclusive event at the Nasdaq MarketSite on April 29. This event brought together users, business partners and influencers from seven markets, to celebrate financial education empowerment across regions. The event was to celebrate the recently announced global strategic collaboration with […]
The Dubai Financial Market (DFM) witnessed a significant surge in new investor participation during the first quarter of 2024.According to Hamed Ali,Chief Executive Officer of DFM,the market attracted a staggering ten times the average number of new investors compared to the five-year period leading up to 2019.This impressive growth highlights the DFM’s increasing appeal and its efforts to cultivate a broader investor base. Ali made these remarks […]
