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Commotion And Confusion As 2024 General Elections Nears

Bitcoin Dwindles on Exchanges, Price Rise on the Horizon?

Investors are keeping a close eye on Bitcoin as Santiment, a blockchain intelligence firm, reveals a shrinking supply of the cryptocurrency on exchanges. This trend suggests a potential decrease in overall availability, which could influence Bitcoin’s price in the near future. The concept hinges on basic principles of economics: supply and demand. When a readily available good or service becomes scarcer, its value tends to rise as […]

Sahm Capital Showcases latest Fintech and AI Solutions at LEAP 2024

RIYADH, SAUDI ARABIA – Media OutReach Newswire – 7 March 2024 – Sahm Capital Financial Company, a leading brokerage firm licensed by the Saudi Capital Market Authority (No: 22251-25), showcased its all-in-one comprehensive trading solutions at booth H1A.C100 in LEAP 2024, a global technology event taking place in Riyadh. Throughout the four-day event, Sahm Capital also unveiled its latest AI-generated solutions, featuring an AI presenter named ‘Aliyah’, […]

MENA) region this year, reflects the growing importance of Islamic finance within the real estate sector.The issuance was met with overwhelming investor demand, exceeding expectations by more than double. Subscriptions reached $621 million, reflecting strong confidence in Binghatti’s financial standing and future prospects. The sukuk was competitively

Dubai property developer, Binghatti, successfully debuted its Islamic bond, or sukuk, on the Nasdaq Dubai exchange on March 1, 2024. This marked a significant milestone for both Binghatti and the regional financial landscape. The $300 million sukuk, the first real estate benchmark dollar-denominated issuance of its kind in the Middle East and North Africa ( iced at 9.625% with a three-year maturity date, offering investors an attractive […]

Generali and UNDP are building SME resilience in Asia

Launch of joint research on MSME resilience in Southeast Asia, and a focus on Malaysia and Thailand, detailing key risks and alternative approaches to insurance Presentation of the SME Loss Prevention Framework, a digital tool for Malaysian SMEs to better understand and manage growing climate and weather-related risks Showcasing Insurance Innovation Challenge Fund Malaysia solutions for protecting SMEs in the country Generali also expands its flagship SME […]

New Law Imposes Tax on Foreign Banks in Dubai

Dubai has implemented a new tax regime for foreign banks operating within its borders. The law, issued by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, applies a 20% tax on the annual taxable income of foreign banks. This move signifies a shift in Dubai’s economic strategy, potentially impacting the emirate’s position as a financial hub. The new legislation specifically targets foreign banks operating outside […]

BlackRock CEO Hails Bitcoin as “Digital Gold,” Potential Inflation Hedge

Larry Fink, CEO of BlackRock, the world’s largest asset manager, has caused a stir in the financial world by publicly endorsing Bitcoin. In a recent interview, Fink referred to the cryptocurrency as “digital gold,” highlighting its potential as a long-term store of value. This shift in stance from a previously skeptical BlackRock reflects a growing institutional interest in the digital asset class. Fink’s comments come amidst concerns […]

Court Clears Path for Investor Lawsuit Against Binance

In a decision with potentially significant ramifications for the cryptocurrency industry, a court has authorized investors to proceed with a class-action lawsuit against Binance, the world’s largest cryptocurrency exchange. The lawsuit, filed in 2021, accuses Binance of misleading investors about its regulatory compliance and security measures. The plaintiffs allege that Binance misrepresented itself as a fully licensed exchange operating within legal frameworks. They claim this enticed them […]

Abu Dhabi’s Ghitha Holding Strengthens Grip on Al Ain Farms

In a move to solidify its presence in the UAE’s agricultural sector, Ghitha Holding, a subsidiary of the massive Abu Dhabi-based conglomerate International Holding Company (IHC), has acquired an additional 12% stake in Al Ain Farms for Livestock Production. The deal, valued at AED 61 million (roughly $16.6 million), was announced on Friday through a filing on the Abu Dhabi Securities Exchange (ADX). This acquisition is being […]

AnchorX Announces Exploration of HKD-Backed Stablecoin, AxHKD

HONG KONG SAR – Media OutReach Newswire – 8 March 2024 – Representing another significant participant in the Hong Kong’s virtual asset sphere, fintech company AnchorX has announced its official establishment and plan for exploration of Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. AnchorX envisions becoming the most trusted provider of digital currency solutions in Asia, empowering reliable and efficient global exchanges. Industry leaders from both traditional finance […]

Octa: Chinese dragon on traders’ charts

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 March 2024 – Green Wooden Dragon is the symbol of 2024 is, and it promises to be an epic year, as Dragon is seen as a precursor of growth, success, and new opportunities. In the world of traders, there is the Dragon chart pattern that helps traders make profits in the financial markets. Octa Analytics explains what this […]

Voluntary Conditional Cash Offer for Vinda International is Open for Acceptance

HONG KONG SAR – Media OutReach Newswire – 9 March 2024 – Isola Castle Ltd (Isola Castle) and Vinda International Holdings Limited (Vinda) are pleased to jointly announce that all Pre-Conditions relating to the voluntary conditional cash offer (Offer) to acquire Vinda’s Shares have been satisfied and the Offer is open for shareholders’ acceptance. Isola Castle is a special purpose vehicle indirectly wholly-owned by APRIL which is […]

CEIBS MBA ranked #1 in Asia for eight consecutive years

SHANGHAI, CHINA – Media OutReach Newswire – 8 March 2024 – CEIBS has once again claimed the #1 spot in Asia (and #21 in the world) in the Financial Times’ global ranking of MBA programmes, marking the eighth consecutive year that it has come out on top in the region. This achievement demonstrates not only CEIBS’ sustained excellence and commitment to offering a world-class MBA programme, but […]

DHL Express’ GoGreen Plus helps over 12,000 Asia Pacific customers in sustainable logistics

ŸDedicated solution allows businesses to lower Scope 3 emissions, contribute to ESG targets ŸMeets the needs of environmentally conscious shippers SINGAPORE – Media OutReach Newswire – 8 March 2024 – In the span of one year, DHL Express, the world’s leading international express service provider, has registered more than 12,000 customers who have taken up the GoGreen Plus service in Asia Pacific (excluding China). This includes more […]

Extradition Tug-of-War: US Challenges Do Kwon’s Fate

Do Kwon, the co-founder of Terraform Labs, remains at the center of an international extradition battle. Despite a recent Montenegrin court ruling favoring South Korea’s request, US prosecutors are reportedly pushing forward with their own efforts to bring Kwon back to the United States. Kwon’s troubles stem from the spectacular collapse of TerraUSD (UST), a cryptocurrency designed to maintain a stable value of $1. However, in May […]

Dubai Tightens Grip on Foreign Banks with New Tax Law

Arabian Post Special Dubai, long a haven for international finance with its tax-friendly policies, has shaken things up with a new law imposing a 20% annual tax on foreign banks operating within the emirate. This move marks a significant shift and has far-reaching implications for both Dubai’s financial landscape and the strategies of foreign banks in the region. One key aspect of the law is its targeted […]

Prince Foundation Concludes Final Interviews for Chen Zhi Scholarship’s Third Cohort

PHNOM PENH, CAMBODIA – Media OutReach Newswire – 7 March 2024 – In an effort to support Cambodia’s educational development, Prince Foundation, the philanthropic arm of Prince Holding Group, recently conducted the final interviews for its Chen Zhi Scholarship program. Prince Foundation, the philanthropic arm of Prince Holding Group, recently conducted the final interviews for its Chen Zhi Scholarship program. This initiative, named after Chen Zhi, Chairman […]

Do Kwon Faces Potential Extradition to South Korea

Do Kwon, the co-founder of Terraform Labs, whose cryptocurrency project TerraUSD (UST) experienced a dramatic collapse in 2022, may soon face legal proceedings in South Korea. This comes after a Montenegrin court recently ruled in favor of his extradition, though the final decision rests with the country’s Minister of Justice. South Korean authorities issued an arrest warrant for Kwon in May 2023, accusing him of fraud and […]

The need to invest, not just save, for retirement

As retirement approaches, many people diligently save for retirement, stashing away funds in traditional savings accounts or low-risk options. While saving is undeniably crucial, it always has been and always will be imperative to not just save, but invest wisely also in order to ensure a robust and sustainable retirement fund. Inflation erodes the power of savings One of the primary reasons to embrace investment over merely […]

Nigeria Tightens Crypto Regulations in an Effort to Combat Crime

Nigeria’s Securities and Exchange Commission (SEC) has announced an update to its guidelines for cryptocurrency service providers, aiming to curb criminal activity within the country’s digital asset market. This move follows a recent government action blocking access to several prominent cryptocurrency platforms, including Binance, Coinbase, and Kraken. The updated SEC guidance focuses on preventing “criminals” from registering as operators within the capital market, according to a report […]

Tether Inks Deal with Uzbekistan to Foster Crypto Innovation

Tether, the issuer of the world’s leading stablecoin USDT, has signed a Memorandum of Understanding (MOU) with Uzbekistan’s National Agency of Perspective Projects (NAPP). This collaboration signifies a significant step towards fostering crypto asset adoption and establishing a robust regulatory framework within the Central Asian nation. The MOU outlines a collaborative effort to explore and promote the development and adoption of various blockchain technologies in Uzbekistan. These […]

BJP-BJD Alliance In Odisha Can Shield BJP From Possible Loss In Lok Sabha Polls

CFTC Committee Advances Digital Asset Classification Framework

The Commodity Futures Trading Commission (CFTC) is taking a step towards clearer regulation in the digital asset space. On Wednesday, the CFTC’s Global Markets Advisory Committee (GMAC) voted to advance a “digital assets taxonomy” for agency review. This framework aims to standardize the terminology used for various digital assets, including cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). Proponents of the taxonomy believe it will bring much-needed […]

AIA Announces Results of 15th AIA Desired Retirement Tracker

Half of respondents are open to working in GBA but have concerns about local healthcare, social welfare and tax policies Nearly 40% are interested in retiring in GBA, yet about two thirds have insufficient retirement savings with a shortfall of HKD1.97 million A quarter of those interested in retiring in GBA may lack medical protection after retirement Enhancing personal savings and medical insurance coverage are considered important […]