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MiniMax is preparing to price its Hong Kong initial public offering at the top of the marketed range, signalling strong demand for artificial intelligence developers as investors seek exposure to homegrown technology firms with global ambitions, according to people familiar with the transaction.

The Shanghai-based company, best known for its large language models and consumer-facing AI applications, has accelerated its listing timetable amid a surge in interest for Chinese technology firms that are perceived to be less exposed to US trade and regulatory pressures. Bankers involved in the deal say early indications from institutional investors point to robust demand, particularly from Asia-based funds focused on long-term technology themes.

MiniMax, founded in 2021 by former SenseTime and Megvii researchers, has positioned itself as one of the country’s leading independent AI model developers. Its core products include general-purpose foundation models, AI companions and enterprise solutions used across gaming, education and content creation. The firm competes with larger players backed by internet conglomerates while marketing itself as more agile and research-driven.

People familiar with the IPO said the company is targeting a valuation that reflects the premium currently attached to AI-related listings in Hong Kong. While final pricing has not yet been approved, the expectation is that the offer will be set at the upper end of the range to capitalise on strong order books built during early marketing. The shares are expected to begin trading later this year, subject to market conditions and regulatory clearances.

The decision to push for top-range pricing comes as Hong Kong’s equity market shows signs of renewed momentum after a prolonged slowdown. Technology and healthcare deals have drawn increasing attention, supported by policy measures aimed at reviving capital markets and encouraging listings by innovative firms. Fund managers say AI remains one of the few sectors where investors are willing to pay up for growth, despite broader concerns over economic headwinds.

MiniMax’s IPO is also being closely watched as a test case for how investors value Chinese AI companies that operate largely outside the orbit of the country’s major internet platforms. Unlike peers that rely heavily on parent companies for distribution and funding, MiniMax has raised capital from a mix of venture investors and strategic backers, allowing it to retain greater operational independence. That positioning has resonated with some institutional investors seeking exposure to AI innovation without heavy platform risk.

The company has continued to expand its research capabilities, investing heavily in computing infrastructure and talent. Industry analysts note that MiniMax has been among the more visible Chinese developers releasing multilingual models and consumer applications that aim to compete with global offerings. Its emphasis on overseas markets, including Southeast Asia and parts of the Middle East, has helped broaden its revenue base and narrative ahead of the listing.

Still, the firm faces stiff competition. Domestic rivals supported by large technology groups benefit from vast user ecosystems and deep pockets, while international players continue to dominate cutting-edge model development. Pricing the IPO aggressively could raise expectations around execution and financial performance at a time when monetisation of AI remains uneven across the industry.

Market participants say Hong Kong has become a more attractive venue for such listings as regulatory scrutiny on technology firms has stabilised compared with earlier years. The city’s exchange has also updated listing rules to better accommodate companies with heavy research spending and limited near-term profitability, a profile that fits many AI developers.

Bankers involved in the transaction say MiniMax has highlighted its progress in commercialising products, including enterprise contracts and consumer subscriptions, to address investor concerns around sustainability. While the company is not yet profitable, it has signalled a clearer path to revenue growth than at earlier funding rounds, helped by rising demand for customised AI solutions among businesses.

GLAS has carved out a niche as a specialist provider of services that support the lifecycle of debt instruments, from syndicated loans and direct lending to private credit and leveraged finance transactions. Founded in 2011 by Mia Drennan and Brian Carne, the firm oversees administration for a substantial portfolio of assets under management running into the hundreds of billions of dollars and employs over 450 staff across 16 offices worldwide. Drennan is expected to remain at the helm as chief executive, reflecting continuity in leadership amid the change in ownership.

The strategic rationale behind the investment reflects broader shifts in global credit markets. Demand for outsourced loan administration and trustee services has grown as lenders and borrowers navigate increasingly complex financing arrangements and regulatory requirements. Private credit, in particular, has expanded sharply, with non-bank lenders and institutional investors seeking specialist support for documentation, compliance and reporting functions that underpin large, bespoke transactions. GLAS’s suite of services has made it a go-to partner in this space, particularly for institutional clients negotiating intricate debt structures.

Financial terms of the deal disclosed by Oakley indicate its indirect contribution via Fund VI will be up to about £55 million, but wider valuations implied by market coverage suggest a total enterprise value near £1 billion. That figure aligns with expectations from advisers and reflects both GLAS’s established market position and the strategic value investors place on firms that facilitate the expanding private credit ecosystem. Oakley’s purchase follows a period of growth for GLAS under Levine Leichtman’s ownership, during which assets under administration reportedly rose from roughly $120 billion in 2021 to more than $750 billion today, driven by geographic expansion, technology investment and targeted acquisitions.

Oakley Capital’s profile has broadened in recent years as the firm has backed a variety of businesses across sectors including consumer brands, technology and business services. Its backing of GLAS reflects a deliberate push into specialised financial services where structural trends favour outsourced, technology-enhanced solutions. The involvement of La Caisse, a major institutional investor, underscores the appeal of GLAS’s business model to long-term capital allocators seeking exposure to the infrastructure of global credit markets.

Industry analysts have noted the appetite for loan agency services has been underpinned by the proliferation of private credit funds and a resurgence of syndicated lending activity following periods of market volatility. As banks and alternative lenders diversify their portfolios and jurisdictions tighten reporting standards, demand for independent administrators with global reach has grown. GLAS’s deep bench of expertise in handling complex transactions and its geographic footprint are seen as competitive advantages that could support accelerated growth under Oakley’s stewardship.

Executives from both sides have highlighted the strategic fit. Mia Drennan said the partnership with Oakley and La Caisse positions GLAS to expand its offerings and deepen client relationships, building on a track record of innovation in service delivery. Josh Kaufman, partner and head of Europe at Levine Leichtman, expressed pride in the firm’s role in GLAS’s development and confidence in its future trajectory under new ownership. Advisers on the transaction included Deutsche Bank and Robert W. Baird, working with GLAS and Levine Leichtman, reflecting the complexity and market interest in the deal.

“We take pride in recalling that China hosted the INTERPOL General Assembly in Beijing in 1995 and 2017, and this time, Hong Kong, China will be the host city for the 94^th General Assembly in 2026,” said Vice Minister of Public Security of the People’s Republic of China, Mr Xu Datong.

The General Assembly is the governing body of the International Criminal Police Organization (INTERPOL), at which police chiefs and ministers of its 196 member states gather to discuss global security issues and foster collaboration.

The HKSAR’s Commissioner of Police Mr Chow Yat-ming, said the selection of Hong Kong as the host city highlights China’s trust in both the HKSAR and the Hong Kong Police Force (HKPF), and underscores Hong Kong’s strategic importance as an international “super connector” in global policing.

“Having served at INTERPOL and visited Rome, Italy; New Delhi, India; Vienna, Austria; and Glasgow, United Kingdom for various General Assemblies, I never imagined Hong Kong would have the opportunity to host this prestigious event,” Mr Chow said. “When our country proposed Hong Kong as the host, I felt deeply honoured.”

The HKSAR Government and HKPF aim to use this occasion to showcase positive stories about China, Hong Kong, and the HKPF, illustrating the success of the “One Country, Two Systems” formula for the HKSAR, Mr Chow added.

Hong Kong has a long association with INTERPOL. The HKPF is a sub-bureau under China, and plays an active and prominent role within INTERPOL, contributing expertise on major crime trends, cybercrime, and financial crime.

The HKPF regularly sends officers to INTERPOL headquarters in the French city of Lyon and the Global Complex for Innovation in Singapore for secondments. Currently, three officers are serving in key roles, one in financial crime coordination in Lyon, and two in technology crime management roles in Singapore.

The HKPF is restructuring its strategy to expand ties with overseas law enforcement agencies, especially in ASEAN (Association of Southeast Asian Nations) and those under the Belt and Road Initiative, to better address emerging transnational crime.

Emphasis is placed on intercepting cross-border fraudulent funds, with the global FRONTIER+ platform (established in October 2024) now connecting 13 jurisdictions, facilitating real-time intelligence sharing and fund interception.

In this connection, on November 12, 2025, the HKPF held its inaugural Ethics Governance Roundtable in Hong Kong, with participation from INTERPOL, the Independent Commission Against Corruption (ICAC) and representatives from various countries.

INTERPOL’s delegation was led by the Director of the Office of Internal Oversight, Mr Eugênio Ricas. The Roundtable featured in-depth discussions on ethics governance including personal financial risk management strategies, achieving fruitful outcomes.

The HKPF will continue to leverage Hong Kong’s role as a “super connector” through various international policing platforms, including INTERPOL, to further strengthen collaboration with law enforcement agencies across different countries and regions, working together to safeguard global and regional security.

Mr Chow said that hosting the General Assembly is a top priority for the HKSAR Government and that preparations were already well underway.

“The HKPF is maintaining close communication with INTERPOL and China’s National Central Bureau to ensure smooth hosting of the 2026 General Assembly,” Mr Chow said, adding that he hopes that delegates attending the event will appreciate Hong Kong’s vitality, friendly spirit, and rich culinary culture during their stay.

“We are determined to ensure every delegation has an unforgettable experience from the moment they arrive at Hong Kong International Airport,” he said.

Hashtag: #hongkong #brandhongkong #asiasworldcity #INTERPOL

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The developments will be led by Manrre Developments, a joint venture between GFH and Palmon Group, a seasoned UAE-based industrial conglomerate with over 40 years of institutional experience. This partnership unites proven regional expertise across acquisition, planning and design, development, execution, and operational readiness to deliver exceptional, future-ready warehouses and logistics centres.

Harry Ip, Managing Director of Gaw Capital, said, “We are thrilled to enter UAE’s flourishing industrial and logistics market, supported by strong fundamentals, the surge in structural demand driven by government-led initiatives, and heightened global interest in the logistics and industrial asset class. Leveraging the expertise from GFH Partners, this partnership positions us as one of Asia’s leading forerunners in delivering prime industrial facilities in the UAE, providing investors with exposure to a fundamentally undersupplied market.”

Nael Mustafa, CEO of GFH Partners, commented, “GFH Partners brings on-the-ground specialists, experienced local operators, and a strong track record managing logistics and industrial assets across the GCC. This joint venture allows us to scale that regional expertise even further, capitalizing on the UAE’s robust industrial growth trajectory. Through this partnership with Gaw Capital, we are combining regional insight with global capability to unlock new opportunities in the UAE’s expanding industrial and logistics sector.”

The Platform is being launched at a time of strong macroeconomic momentum, supported by the UAE’s long-term development strategies including the Dubai Industrial Strategy 2030 and the Dubai 2040 Urban Master Plan. Majority of these initiatives are aimed at accelerating industrial diversification, attracting FDI, and expanding logistics infrastructure. The local government offers a list of pro-business regulatory and fiscal policies, including tax exemptions, customs duty exemption, simplified regulations in 40+ free zones, and relaxed foreign ownership limitation, to accelerate logistics demand and investment. Furthermore, the population of the UAE has experienced dramatic growth and is expected to reach 12.2 million by 2030, driven by the long-term residency incentives (e.g. Golden Visa), competitive tax regime, openings of prestigious school campuses for expatriate professional and family relocation.

Demand for logistics and industrial assets remains robust, supported by a persistent supply–demand imbalance. Dubai’s warehouse and logistics occupancy currently exceeds 97%, with rental rates increasing 33% year-on-year. The formation of the Platform will mark Gaw Capital’s first geographic footprint in the logistics sector in the UAE, demonstrating its global network and cross-border expertise in accessing industrial and logistics investments ahead of the curve.

Gaw Capital has established a robust logistics footprint across China, Japan, South Korea, Vietnam and Australia, with investments in 39 projects totalling approximately 3.8 million sqm of GFA. As of Q3 2025, Gaw Capital manages over US$3.4 billion in assets under management in its global logistics portfolio.

Since 2014, the firm has acquired, developed, and managed a substantial portfolio of modern logistics facilities with over 3 million sqm of GFA across China, supported by a team of around 100 professionals through 4 investment vehicles. Leveraging its deep expertise, Gaw Capital has expanded into other APAC markets through strategic partnerships, acquiring high-quality assets in key metropolitan hubs. Recent investments include seven logistics assets in Greater Tokyo (nearly 250,000 sqm GFA), one in Seoul (over 75,000 sqm GFA), two in Vietnam (over 210,000 sqm GFA) and six urban industrial and logistics warehouses in Sydney (over 45,000 sqm GFA). The firm’s in-house teams and operating partners deliver value-added services across the logistics value chain, including development, construction, leasing, and property management.
Hashtag: #GawCapitalPartners #GFHPartners

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About Gaw Capital Partners

Based in Asia, Gaw Capital Partners is a multi-asset investment management firm focusing on real estate, growth equity, private credit and infrastructure markets globally.

Since its inception in 2005, the firm has raised seven commingled funds targeting Asia Pacific, alongside value-add /opportunistic funds in the U.S., a Pan-Asia Hospitality Fund, a European Hospitality Fund, a Growth Equity Fund and a Credit Fund. It also manages credit strategies and separate account direct investments globally.

Gaw Capital has consistently generated high yields by revitalizing underperforming assets, enhancing value through creative financing solutions and leveraging deep expertise in capital allocation.

Since 2005, the firm has managed US$35.8 billion in assets and raised US$24.4 billion in equity as of Q2 2025.

About GFH Partners Ltd.

GFH Partners Ltd. (“GFH Partners”) is the DIFC-based global asset management subsidiary of GFH Financial Group B.S.C. (“GFH”). Headquartered in Dubai International Financial Centre and regulated by the Dubai Financial Services Authority, GFH Partners is dedicated to real estate investment and asset management across diverse markets. With assets under management exceeding US$7 billion and investments spanning the US, UK, and GCC. GFH Partners focuses on strategic partnerships and innovative real estate solutions, reinforcing its role as a leading player in global asset management.

Aviation in the United Arab Emirates has deepened its role as a strategic pillar of the national economy, with 2025 marking a year of consolidation that underscored the sector’s influence on trade, tourism, logistics and supply chains. Policymakers and industry leaders say the ecosystem’s direct and indirect contribution has reached as much as 18 per cent of gross domestic product, reflecting the scale of activity generated by airlines, airports, maintenance hubs, free zones and aviation-linked services.

Passenger and cargo volumes across the federation continued to trend higher, supported by steady growth in international travel demand and the country’s positioning as a crossroads between Asia, Europe and Africa. Major hubs operated by Dubai Airports and Abu Dhabi Airports handled sustained traffic flows as carriers expanded networks and frequencies. Capacity discipline and targeted route additions allowed operators to absorb higher volumes while maintaining service standards, reinforcing the UAE’s reputation for operational reliability.

Flag carriers remained central to the sector’s momentum. Emirates Airline pressed ahead with fleet renewal and network optimisation, focusing on long-haul markets that underpin connectivity for tourism and business travel. Etihad Airways pursued a parallel strategy centred on profitability and partnerships, aligning growth with demand and strengthening Abu Dhabi’s role as a transfer hub. Together, the airlines’ scale supported ancillary industries ranging from catering and ground handling to training and aviation finance.

Cargo performance remained a defining feature of the year. Dedicated freighter operations and belly-hold capacity benefited from the UAE’s role in high-value, time-sensitive shipments, including pharmaceuticals, perishables and e-commerce. Logistics providers highlighted improved customs processes and digital clearance systems as key enablers, allowing faster turnaround times and reinforcing confidence among multinational shippers. The integration of air cargo with ports and free zones helped sustain supply chains amid ongoing adjustments in global trade patterns.

Governance and regulation were cited by executives as competitive advantages. The General Civil Aviation Authority continued to align oversight with international standards while supporting innovation through performance-based regulation. Industry participants pointed to predictable policy frameworks and coordinated planning between federal and emirate-level authorities as factors that reduced friction for investors and operators.

Sustainability initiatives gathered pace across airlines and airports, reflecting both regulatory expectations and commercial imperatives. Carriers advanced fuel-efficiency programmes through newer aircraft types and operational measures, while airports invested in energy management, waste reduction and water stewardship. Trials involving sustainable aviation fuel expanded through partnerships with energy suppliers and research institutions, positioning the UAE as an early mover in the region’s decarbonisation efforts. While volumes of alternative fuels remain limited, industry leaders argued that early adoption builds expertise and supply-chain readiness.

Technology adoption also shaped the sector’s evolution. Biometric processing, predictive maintenance and data-driven air traffic management systems were rolled out to improve efficiency and resilience. Airports leveraged automation to manage peak flows without proportional increases in staffing, while airlines used analytics to refine scheduling and revenue management. These investments were framed as necessary to accommodate future growth while preserving service quality.

The aviation workforce expanded alongside operations, with training academies and partnerships focusing on pilots, engineers and air traffic specialists. Officials emphasised localisation and skills development as priorities, citing aviation’s role in high-value employment and knowledge transfer. At the same time, competition for specialised talent remained intense, prompting employers to enhance retention and career progression pathways.

Tourism authorities linked aviation capacity directly to visitor inflows, noting that air connectivity underpins hotel occupancy, events and retail activity. Route launches and increased frequencies supported diversification into new source markets, aligning with broader economic strategies aimed at reducing reliance on hydrocarbons. Business travel and exhibitions contributed to premium traffic, reinforcing the UAE’s positioning as a regional commercial hub.

The Scholarship Awards aims to recognize and support students pursuing life sciences or biomedical sciences programs at local UGC-funded institutions. Each awardee would receive a HK$50,000 scholarship, mentorship from industry professionals through the HKLSS Mentorship Scheme, and priority enrollment in the HKLSS Life Sciences Summer Internship Program, which offers students an integrated hands-on learning experience across Hong Kong, the Yangtze River Delta (YRD) Region and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

Brought together by the Scholarship Awards, three awardees of cohort 2025/26 – SANTOSO Rachelle Jacinda (Y3 BSc in Biological Sciences, CityUHK), RAHMAN Syed Rayan (Y3 BSc in Applied Biology with Biotechnology, PolyU), and TAI Wing Yin Vincy (Y3 Bachelor of Biomedical Sciences, HKU), embarked on a shared journey – to be nurtured, grow, and ultimately bloom as future leaders in life sciences, contributing their skills and passion to advance Hong Kong’s life sciences ecosystem and build a better tomorrow through inter-disciplinary collaborations.

Homegrown Biological Sciences Dream Fuels Up in Hong Kong
Arriving from Indonesia three years ago, SANTOSO Rachelle Jacinda (Rachelle) joined Hong Kong’s life sciences community as an undergraduate with determination and hope. Her passion was first ignited by family medical challenges and her curiosity for biology drove her to pursue deeper studies in biological sciences.

What opened her door to her true calling was the hands-on laboratory work. Rachelle came to appreciate not only the essential role of doctors but also the vital impact of scientists, both working together to advance healthcare. This realization fueled her dream for postgraduate studies, a goal that she once deemed rather idealistic.

She described the Scholarship Awards as a “confidence boost”. She recalled receiving an affirmation from one of the Scholarship Awards interviewers about her future plans, “I think you’re in a quite good place” reassured her that she was on the right path.

With her confidence boosted, Rachelle plans to leverage the scholarship to establish herself in Hong Kong – a supportive nurturing ground for life sciences students, and growing global healthcare investment. Embracing the local culture, she is now learning Cantonese and improving her Mandarin to gear herself up and pursue future opportunities in both Hong Kong and the Chinese Mainland.

From Hometown to International Life Sciences Research Lab
“I wanted to become a surgeon [in the past] because I wanted to save lives every day. But if I become a researcher in the life sciences field, one single breakthrough can change millions of lives,” said, RAHMAN Syed Rayan (Rayan), who discovered his real passion in the research lab.

Rayan’s fascination with science began at the age of ten in Bangladesh, where he observed animals in his hometown. Like Rachelle, his enthusiasm for life sciences brought him to Hong Kong, where he was encouraged to immerse himself in research at the university laboratory, guided by professors with profound global research expertise. During semester breaks, Rayan seized every opportunity to broaden his knowledge. Now based in Hong Kong, on his freshman and sophomore years, he pursued an internship in Canada and a summer exchange in the UK, where research primarily followed a fundamental approach. He was thankful for the diverse doors Hong Kong had opened, as exposure to different research methods taught him to see things more holistically, which benefited his work in Hong Kong, known for its focus on translational research.

As Rayan continued to build his career in the life sciences field, receiving the Scholarship Awards meant a great deal to Rayan as he felt “trusted by the panel” and empowered him to be aware of his actions. “Having somebody else to tell you that you are on the right path and believe in you, is very important,” Rayan emphasized.

Rayan also feels especially grateful and refreshed to have found the amazing community he discovered through the Scholarship Awards, as he gets a chance to connect with like-minded peers, who all work towards the same goals and similar challenges. The Scholarship Awards has paved his way to additional opportunities, including priority access to the Society’s industry experience focused Summer Internship Program.

Scientists on TV Ignite Big Ambitions
TAI Wing Yin Vincy (Vincy), raised in Hong Kong, developed her passion for life sciences as a child watching scientists in action on TV. Inspired by her curiosity and determination to make a difference, she chose to study biomedical sciences at The University of Hong Kong, following her passion despite conventional expectations.

During her time at university, she gained practical experience through internships in both laboratory and Good Manufacturing Practice (GMP)-compliant facility, which reinforced her ambition. She also minored in Sustaining Cities, Cultures and the Earth to explore inter-disciplinary connections, “As a student, we should not only focus on life sciences, but also learn more about the global perspective, especially when sciences can influence the world,” she said.

These experiences deepened her dedication to the field and the Scholarship Awards became more than an award – it offered a source of belonging that affirmed her place in the life sciences community. “I feel like I am part of the Society, someone who can eventually grow and evolve together with the community and industry,” she said.

The Scholarship Awards has helped bridge her to the broader life sciences ecosystem, as Vincy was connected with previous and other same-cohort awardees at the Presentation Ceremony, and she looks forward to meeting more entrepreneurs, researchers, and C-suite executives from the life sciences sector and gaining guidance from them through HKLSS’ Mentorship Scheme and Summer Internship Program.

Powering Ambition: HKLSS Opens Paths Beyond the Classroom with its Pillar Programs
From different beginnings, Rachelle, Rayan, and Vincy find common ground through HKLSS. For them, the Scholarship Awards is more than financial support – it brings them to the pillar programs, a gateway to industry-centered mentorship, industry experience, and a vibrant community driving the future of life sciences in Hong Kong, the YRD, the GBA and beyond.

“I would very much love to go there [Shanghai and Shenzhen] because I will have the opportunity to explore new places and also to meet people with different cultures,” Rachelle said, while Rayan and Vincy also saw the internships as valuable opportunities to gain experience in the Chinese Mainland. “I have heard so many good things from my friends, especially the pharmaceutical companies over there,” Rayan added.

As a life sciences ecosystem enabler, HKLSS continues to expand its pillar programs, activities, and network to meet the evolving needs of members at different career stages. To address the growing demand for life sciences talent and attract both local and non-local professionals to the city, HKLSS also launched Biotech Talent, a dedicated job platform that connects talent with opportunities in the life sciences and biotechnology industry, and offers employers direct access to a diverse talent pool. Through a growing suite of initiatives, the Society partners with its network to support and cultivate a vibrant life sciences ecosystem with dedication.
Hashtag: #HongKongLifeSciencesSociety #HKLSS #香港生命科技青年會 #LifeSciences

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About Hong Kong Life Sciences Society

Hong Kong Life Sciences Society (HKLSS) is an organization established by Nan Fung Group in 2018 aiming to build a dynamic life sciences ecosystem in Hong Kong. Through knowledge exchange, collaboration and public engagement, HKLSS aims to attract, cultivate and retain talent in Hong Kong’s life sciences and biotechnology sectors.

Members of Hong Kong Life Sciences Society
Founder and Board Chair: Mr Vincent Cheung
Board Vice-chair: Mr Shannon Cheung, Prof Nancy Ip, Mr Antony Leung
Executive Director: Prof Ken Wong

Members of the Advisory Board
Prof Tom Cheung, Dr Vanessa Cheung, Ms Irene Chu, Mr Shan Fu, Mr Meng Gao, Ms Gladdy He, Prof David Ho, Dr Lu Huang, Mr Emmanuel Hui, Prof Daniel Lee, Ms Nisa Leung, Prof Suet Yi Leung, Prof Kai Liu, Prof Stephanie Ma, Dr Jay Mei, Prof Malik Peiris, Prof Leo Poon, Dr Jin Seok Seo, Prof Anderson Shum, Dr Qiusong Tang, Mr William Tang, Prof Lap-Chee Tsui, Prof Yung Hou Wong, Mr Frank Yu, Prof Kwok-Yung Yuen

For more information about the Hong Kong Life Sciences Society, please visit:
Website: www.hklss.org
Facebook: www.facebook.com/HKLifeSciencesSociety
Instagram: www.instagram.com/hklifesciencessociety
LinkedIn: www.linkedin.com/company/hklss/
Media inquiries: [email protected]

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The event was held under the theme of “Hearing the Yarlung Zangbo Through the Voice of Youth” in Singapore, and themed “Cultures as The Way: Youth Mission in Heritage Preservation” in Malaysia, where keynote speeches and round-table dialogues were organized. A total of 15 experts and scholars from various fields shared their practices and insights from four dimensions — cultural and tourism integration, cultural communication, ecological charm, and international exchanges — providing diverse approaches and practical wisdom for cross-cultural exchanges.

The event also included cultural and art exchange performances from Xizang, China, as well as an exhibition featuring photographs illustrating the progress in Xizang’s development over the decades. Through these artistic performances and photo displays, audiences were given an immersive experience of the region’s cultural appeal and developmental achievements.

Moreover, the Xizang Song and Dance Troupe extended the stage of cultural exchanges to the city streets, staging flash mob performances in Singapore and Malaysia under the theme of “Diverse Civilizations, Shared Community”. Blending Xizang’s song and dance with urban styles, the events created a vibrant atmosphere that attracted tourists from around the world to stop, take photos and share their experiences. Through these exchanges, the unique charm of the civilization on the “roof of the world” was brilliantly showcased in Southeast Asia, which also highlighted the profound friendship between China and Malaysia. This event was a vivid demonstration that civilizations become richer through exchanges and more interconnected through mutual learning.
Hashtag: #CICG

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Government approval for 22 proposals under the third tranche of the Electronics Component Manufacturing Scheme marks another step in the effort to deepen domestic supply chains and reduce reliance on imported parts. The cleared projects are expected to draw investment of ₹41,863 crore and generate projected production worth ₹2,58,152 crore over their implementation period, according to official disclosures tied to the decision.

The proposals, cleared by the Union Cabinet chaired by Prime Minister Narendra Modi, span a mix of large conglomerates and specialised component makers focused on sub-assemblies that feed into consumer electronics, industrial equipment and emerging technology segments. Officials said the projects are expected to create 33,791 direct jobs, with a larger number of indirect roles anticipated across logistics, tooling, testing and ancillary services as manufacturing capacity scales up.

The Electronics Component Manufacturing Scheme, commonly referred to as ECMS, is designed to address a persistent weakness in the electronics ecosystem: dependence on imported components even when final assembly takes place domestically. While handset and electronics assembly has expanded rapidly over the past decade, component localisation has lagged, leaving manufacturers exposed to supply disruptions and currency volatility. The third tranche approvals are intended to close that gap by encouraging firms to manufacture key inputs such as printed circuit boards, camera modules, connectors, passive components and specialised sub-systems within the country.

Officials involved in the evaluation process said the latest round places greater emphasis on scale, technology depth and export potential. Several approved proposals involve backward integration into higher-value components, including precision engineering and advanced materials, rather than basic assembly. This approach reflects feedback from earlier tranches, where industry participants argued that long-term competitiveness would depend on mastering complex components rather than expanding low-margin manufacturing alone.

The ECMS operates alongside other incentive programmes such as the Production Linked Incentive framework, but differs in its narrower focus on components rather than finished products. Policy planners view this distinction as critical, given that components account for a substantial share of the value of electronics imports. By targeting this segment, authorities aim to improve value addition within the domestic ecosystem and strengthen resilience against external shocks.

Industry executives welcomed the approvals but cautioned that execution will be as important as policy intent. Several component manufacturers noted that success would depend on timely disbursement of incentives, stable policy conditions and parallel investments in infrastructure such as power reliability, clean-room facilities and logistics. Skilled manpower also remains a concern, particularly for projects involving advanced fabrication and testing processes.

Analysts tracking the sector said the projected production figure of ₹2,58,152 crore signals the government’s expectation that approved firms will not only meet domestic demand but also serve export markets. Global electronics supply chains are undergoing reconfiguration as companies seek to diversify manufacturing bases, and policymakers see an opportunity to position the country as a credible alternative for component sourcing. However, competition remains intense, with established hubs in East and Southeast Asia continuing to benefit from mature ecosystems and economies of scale.

Employment generation has been highlighted as a key outcome of the third tranche. The estimate of 33,791 direct jobs reflects roles across engineering, operations, quality control and management. Economists note that electronics manufacturing tends to create a multiplier effect, supporting additional employment in services and small-scale manufacturing clusters that develop around large plants.

Federal reforms regulating industrial hemp are reshaping the treatment landscape for sleep disorders, anxiety and epilepsy across the United Arab Emirates, as clinicians, researchers and regulators map how low-THC cannabis derivatives can be used safely within a tightly controlled system. The changes sit apart from the country’s framework on medical cannabis, which governs products with higher tetrahydrocannabinol content and remains subject to strict prescription and import rules.

The hemp law permits the cultivation, processing and use of cannabis varieties containing minimal THC, typically below 0.3 per cent, aligning the UAE with regulatory models adopted in several advanced economies. Officials say the objective is to unlock therapeutic and industrial value without opening pathways to recreational misuse. For patients, the most immediate implications are for cannabidiol-based preparations, which are non-intoxicating and increasingly studied for neurological and psychiatric conditions.

The policy shift creates new clinical options for people whose symptoms have proved resistant to conventional therapies. Insomnia and generalised anxiety disorder affect a growing share of the population, while epilepsy continues to pose treatment challenges for a subset of patients who do not respond adequately to standard anti-seizure medicines. Cannabidiol, or CBD, has drawn attention for its calming effects on the central nervous system and its role in reducing seizure frequency in certain epilepsy syndromes.

Specialists caution that hemp products are not a panacea. Evidence is strongest for specific childhood epilepsies, including Dravet and Lennox-Gastaut syndromes, where purified CBD has been shown to reduce seizure burden when added to existing regimens. Research into anxiety and sleep has produced more mixed findings, though small clinical trials and observational studies suggest benefits for sleep onset and stress modulation at carefully titrated doses.

Professor Barnes, a leading authority on cannabis medicine, notes that the global legal landscape has shifted rapidly. Medical cannabis containing higher THC levels is now legal in 71 countries under varying frameworks, reflecting broader acceptance of cannabinoid-based therapies when appropriately regulated. The UAE’s approach, by contrast, draws a bright line between hemp-derived products and medical cannabis, allowing limited therapeutic use while preserving the country’s zero-tolerance stance on recreational drugs.

Regulators emphasise that access will be medicalised rather than commercialised. Hemp-derived therapeutics are expected to move through pharmacy channels and clinical oversight, with product quality, labelling and traceability forming core pillars of compliance. Authorities have indicated that cultivation licences will be tightly issued, with genetics, THC thresholds and testing protocols specified to prevent diversion.

Healthcare providers see an opportunity to expand personalised care. Neurologists and psychiatrists report rising patient interest in non-sedating options that can be integrated with existing treatments. For epilepsy specialists, CBD’s favourable side-effect profile compared with some traditional anti-epileptic drugs is a significant draw, particularly for long-term management. Sleep physicians, meanwhile, are exploring whether hemp-derived formulations can reduce reliance on hypnotics that carry dependency risks.

Industry participants are preparing cautiously. Pharmaceutical distributors and research institutions are investing in clinical studies tailored to regional populations, recognising that dosage, formulation and delivery methods matter as much as legality. Oils, capsules and oral solutions are expected to dominate, given their dosing precision and lower risk profile compared with inhaled products.

Public health experts underline the need for clear guidance to avoid consumer confusion. Hemp products sold globally range from pharmaceutical-grade medicines to wellness supplements of uneven quality. The UAE framework seeks to close that gap by requiring evidence-based claims and physician involvement, reducing the risk of self-medication or exaggerated expectations.

The reforms also intersect with broader innovation goals. By enabling controlled research into cannabinoids, policymakers aim to position the country as a regional hub for life sciences, while maintaining strict ethical standards. Universities and hospitals are already collaborating on protocols to assess safety, efficacy and long-term outcomes in local cohorts.

Food assistance funded by Japan is reaching refugees and returnees in Burundi through the World Food Programme, easing acute hunger pressures in camps and host communities strained by displacement, erratic harvests and rising food costs.

The support targets families who fled violence in neighbouring states and Burundians who have returned after years abroad, many arriving with limited assets and few income options. WFP officials say the funding is enabling monthly rations and nutrition support at a time when humanitarian needs remain elevated across the Great Lakes region.

The programme, implemented by the World Food Programme, prioritises refugees in camps and settlements as well as vulnerable returnees integrated into surrounding communities. Assistance includes staple cereals, pulses and fortified oil, with specialised supplements for pregnant and breastfeeding women and children at risk of malnutrition. Cash-based transfers are also being expanded where markets function, allowing households to choose foods locally and supporting small traders.

Japan’s contribution comes amid sustained displacement into Burundi, primarily from the eastern Democratic Republic of Congo, and a steady flow of returnees following regional diplomatic efforts. According to humanitarian agencies, Burundi hosts tens of thousands of refugees, while returnees often face land disputes, limited livelihoods and overstretched public services upon arrival. Food insecurity has been aggravated by climate variability that has disrupted planting seasons and by global price pressures that have raised the cost of basic staples.

A senior WFP official in Bujumbura said the Japanese funding was critical to stabilising rations and preventing harmful coping strategies such as skipping meals or pulling children out of school. “This support allows us to protect the most vulnerable while we scale solutions that build self-reliance,” the official said, noting that nutrition indicators had shown signs of strain in several camps before the funds were confirmed.

Japan has framed the assistance as part of its broader humanitarian engagement in Africa, with a focus on lifesaving aid and resilience. A representative of the Japanese government said the funding reflected a commitment to human security, adding that food assistance was paired with investments in health, water and education delivered through multilateral partners. Japan has been a long-standing donor to WFP operations worldwide, frequently emphasising efficiency and accountability.

Burundi’s government has welcomed the support, saying it complements national efforts to integrate refugees and returnees while maintaining social cohesion. Officials have encouraged aid agencies to align food assistance with agricultural recovery programmes so that communities can transition from relief to production. WFP has responded by linking rations to community assets projects and by sourcing food locally when possible, a move that shortens supply chains and injects cash into rural economies.

The assistance also intersects with protection efforts led by UNHCR, which coordinates shelter, registration and legal support for displaced populations. Aid agencies say synchronising food distributions with protection services has reduced tensions and improved access for women-headed households and people with disabilities. Monitoring systems track deliveries and outcomes to ensure aid reaches intended recipients.

Analysts caution that funding gaps persist across the humanitarian response in Burundi, where needs compete with crises elsewhere. While Japan’s contribution has stabilised a portion of WFP’s pipeline, agencies say predictable financing remains essential to avoid ration cuts later in the year. Market volatility and climate shocks continue to pose risks, underscoring the importance of flexible programming that can pivot between in-kind food and cash.

Senior officers from Jebel Ali and Al Barsha police stations convened a high-level panel discussion titled Forecasting the Future of Road Safety and Labour Area Security in Dubai, drawing together municipal authorities, transport operators, construction firms and safety specialists. The forum underscored a shift towards anticipatory policing, with emphasis on risk forecasting, targeted inspections and early intervention rather than reactive enforcement alone.

Officials said the initiative reflects mounting pressures on transport networks and worker accommodation zones as Dubai continues to attract investment, logistics activity and large-scale construction. Traffic density around industrial areas, ports and residential labour clusters has risen steadily, increasing the likelihood of accidents involving heavy vehicles, buses and pedestrians. Police data presented at the session showed that incidents in such zones tend to involve multiple risk factors, including fatigue, limited visibility, non-compliance with speed limits and inadequate safety training.

Dubai Police leadership stressed that reducing fatalities and serious injuries requires tighter integration between enforcement agencies and employers. Participants discussed expanding joint patrols in high-risk corridors, using shared data dashboards to flag accident-prone locations, and aligning inspection regimes across transport, housing and occupational safety authorities. The approach aims to close gaps where responsibility has traditionally been fragmented between different regulators.

Road safety featured prominently in the discussions, with officials outlining plans to intensify monitoring of commercial fleets, particularly buses transporting workers to and from labour camps. Technology was cited as a critical enabler, including wider deployment of smart cameras, vehicle telematics and predictive analytics to identify unsafe driving patterns before accidents occur. Police officers noted that automated enforcement must be complemented by sustained awareness campaigns targeting drivers, supervisors and site managers.

Labour-area security formed the second core focus of the panel. Senior officers highlighted the importance of safe living environments in maintaining public order and worker wellbeing. Issues such as overcrowding, poor lighting, inadequate emergency access and weak access controls were identified as recurring vulnerabilities. Dubai Police said coordinated inspections with municipal bodies and civil defence teams would be expanded to ensure accommodation facilities meet safety and security standards.

Private-sector representatives acknowledged that compliance expectations are rising. Construction and logistics firms described increasing investment in driver training, fatigue management systems and on-site safety officers, driven both by regulatory pressure and operational risk. Several companies shared examples of internal monitoring tools that track driver behaviour and working hours, with data shared directly with police units during investigations or audits.

The panel also addressed the human dimension of safety enforcement. Police officials emphasised that communication with workers remains essential, particularly in multicultural environments where language barriers can undermine awareness of rules and emergency procedures. Plans were outlined to broaden multilingual outreach programmes and community policing initiatives in labour zones, enabling faster reporting of hazards and disputes.

From a policy perspective, the discussions aligned with Dubai’s long-term vision of zero fatalities on roads. Police leaders reiterated that while enforcement remains firm, the strategy increasingly prioritises prevention, education and partnership. Forecasting models presented during the session illustrated how combining traffic data, urban planning inputs and employer compliance records can help authorities anticipate emerging risks linked to new developments or shifts in traffic flows.

Experts attending the forum noted that Dubai’s approach mirrors global trends in urban policing, where safety is treated as a shared responsibility across government and industry. The emphasis on predictive tools and integrated oversight reflects lessons drawn from international transport safety frameworks, adapted to local conditions such as high temperatures, heavy freight movement and diverse workforce demographics.

The collaboration also carries reputational and economic implications. Officials said safer roads and secure labour environments underpin investor confidence and social stability, particularly as the emirate positions itself as a global logistics, tourism and business hub. Any sustained rise in accidents or security incidents would carry costs not only in human terms but also through delays, insurance claims and regulatory penalties.

Air India Express has unveiled a limited-period initiative offering discounted rates for pre-booked excess baggage on flights from the Middle East to destinations across the country, a move aimed at easing travel costs for migrant workers, families and long-haul passengers who routinely carry more than the standard allowance.

The airline said passengers travelling on eligible routes can now pre-book either 5 kg or 10 kg of additional baggage at reduced prices when purchasing tickets or managing bookings in advance, rather than paying significantly higher charges at airport counters. The scheme applies to flights operated by Air India Express connecting key Gulf cities with multiple airports, including Kochi, Kozhikode, Thiruvananthapuram, Kannur, Mangaluru, Bengaluru, Chennai, Hyderabad, Tiruchirappalli and Tirupati.

According to the airline, the discounted excess baggage option is available only for travel originating in the Middle East and must be secured before the scheduled departure. Passengers booking at the airport will not be eligible for the reduced rates, a distinction designed to streamline airport operations while encouraging early planning.

Air India Express operates a dense network between the Gulf and southern states, serving a passenger base that often includes overseas workers returning home with gifts, personal belongings and household items. Industry executives say baggage fees have long been a sensitive issue on these routes, where standard allowances can fall short of passenger needs.

A senior airline official said the initiative was introduced after feedback indicated that travellers valued predictable, upfront costs more than ad hoc airport payments. “Pre-booked baggage gives customers certainty and reduces stress on the day of travel,” the official said, adding that the airline continues to evaluate pricing structures in response to demand patterns.

The move comes as competition intensifies on Middle East–India corridors, with full-service and low-cost carriers vying for price-sensitive passengers. Airlines have increasingly turned to ancillary services such as baggage, seat selection and onboard meals to boost revenues while keeping base fares competitive.

Aviation analysts note that excess baggage fees represent a significant ancillary revenue stream globally, but also pose reputational risks if perceived as excessive or opaque. By offering discounted slabs for pre-booking, carriers can strike a balance between revenue generation and customer goodwill.

Data from industry bodies show that traffic between Gulf countries and India has continued to expand, driven by labour mobility, tourism and family travel. Seasonal peaks around school holidays and festival periods often see passengers travelling with heavier loads, amplifying the relevance of baggage-related offers.

Air India Express, now part of the Air India Group following its integration with AIX Connect, has been undergoing operational and branding changes as the group consolidates its low-cost strategy. The airline has been inducting new aircraft, expanding its network and revisiting service elements to align with broader group objectives.

The discounted baggage scheme also reflects a wider trend among low-cost carriers to monetise flexibility. Instead of a one-size-fits-all fare, airlines are offering modular options that allow passengers to tailor services based on individual needs, often at lower overall cost if planned in advance.

Consumer advocacy groups have welcomed clearer communication around baggage pricing but stress the importance of transparency. “Passengers should be able to understand what they are paying for and how much they can carry without surprises,” said a travel rights consultant based in Dubai, noting that disputes over baggage charges remain a frequent source of complaints.