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Preference for Spontaneous Travel, Grabbing Cheap Flights and Travelling on a Whim HONG KONG SAR – Media OutReach Newswire – 13 February 2025 – Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) today announced the results of a survey1 of young people’s travel habits and preferences, as well as their level of protection awareness. The survey found that young people love to travel, with nearly 70% planning to […]

Alibaba Chairman Joe Tsai announced a partnership with Apple to integrate advanced artificial intelligence features into iPhones sold in China. Speaking at the World Governments Summit in Dubai on Thursday, Tsai emphasized the significance of this collaboration for both companies.

This strategic move comes as Apple faces declining iPhone sales in China, attributed to intense competition from domestic brands like Huawei and Vivo. The integration of Alibaba’s AI technology aims to bolster Apple’s position in the Chinese market by offering enhanced functionalities tailored to local consumers.

Following the announcement, Alibaba’s Hong Kong-listed shares surged by 9.2%, reaching a three-year high. This uptick reflects investor confidence in Alibaba’s AI capabilities and the potential success of the partnership.

Industry analysts have noted that the absence of advanced AI features has been a disadvantage for Apple in China. Local competitors have been quick to incorporate AI into their devices, appealing to tech-savvy consumers. By collaborating with Alibaba, Apple seeks to bridge this gap and meet the growing demand for intelligent smartphone features.

Alibaba has been at the forefront of AI development in China. The company recently unveiled its Qwen 2.5 model, which has been well-received in the tech community. This advancement has solidified Alibaba’s reputation as a leader in AI innovation, making it a valuable partner for global companies aiming to enhance their technological offerings in China.

The partnership is also expected to provide Apple with insights into Chinese consumer behavior, leveraging Alibaba’s extensive data on shopping and payment habits. This data-driven approach will enable the development of personalized AI services, enhancing the user experience for iPhone customers in China.

The Saudi Export-Import Bank and the International Islamic Trade Finance Corporation have formalized a $5 million financing agreement with Alizz Islamic Bank in Oman. This initiative is part of the KSA SMEs Export Empowerment Program, aiming to facilitate Saudi non-oil exports’ entry into Omani markets and enhance export opportunities for the Kingdom’s small and medium-sized enterprises . The agreement was signed by Mohammed AlAbdulmohsen, Director of the […]

JAKARTA, INDONESIA – Media OutReach Newswire – 13 February 2025 – At the Indonesia International Motor Show (IIMS) 2025, VinFast officially opened for sales for its mini-SUV VF 3. The company also announced a special policy providing free charging for all VinFast electric vehicles at VinFast charging stations operated by V-GREEN across Indonesia, reaffirming its commitment to delivering smart, accessible, and sustainable mobility solutions. VinFast announces the […]

Rajiv Jain, the billionaire founder and chairman of Florida-based investment firm GQG Partners, is actively expanding his investment footprint in the United Arab Emirates and Saudi Arabia. Following significant deals with prominent UAE entities such as International Holding Company , Aldar Properties, and ADNOC Gas, Jain is exploring further opportunities in these burgeoning markets. GQG Partners, managing assets worth approximately $160.4 billion, has recently executed a substantial […]

LEAP, the acclaimed technology event, is expanding into Asia with the introduction of LEAP East, scheduled at the Hong Kong Convention and Exhibition Centre from 9 to 11 July 2026. Organised by Tahaluf, this inaugural event aims to attract global tech leaders, innovators, and investors to one of the world’s most dynamic cities. The conference will feature over 300 expert speakers and 300 exhibitors, showcasing advancements across […]

Pacific Investment Management Co. , a leading global investment firm managing approximately $2 trillion in assets, has inaugurated a new office in Dubai. This move signifies the company’s strategic effort to strengthen its presence in the Middle East, a region witnessing increased interest from major asset managers. The Dubai Financial Services Authority granted PIMCO a license on Wednesday, enabling the firm to operate within the Dubai International […]

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Tabby, a prominent financial services and shopping application in the Middle East and North Africa , has successfully raised $160 million in a Series E funding round, elevating its valuation to $3.3 billion. This development positions Tabby as the most valuable fintech company in the region. The funding round was led by existing investors Blue Pool Capital, a Hong Kong-based investment firm, and Saudi Arabia’s Hassana Investment […]

ADNEC Group has announced that TAG Dynamics, a globally recognised leader in manufacturing custom armoured and non-armoured vehicle solutions, will serve as a Premium Partner for the upcoming International Defence Exhibition and Naval Defence & Maritime Security Exhibition 2025. These events are scheduled from 17th to 21st February at the Abu Dhabi National Exhibition Centre .

IDEX and NAVDEX have, for over three decades, convened global leaders, policymakers, and experts to showcase the latest advancements in defence technologies. The exhibitions offer a comprehensive view of innovations shaping the future of international security.

Saeed Al Mansoori, Advisor for Defence Exhibitions at Capital Events, a subsidiary of ADNEC Group, emphasised the significance of this collaboration: “The partnership with TAG Dynamics highlights the true purpose of IDEX and NAVDEX: to bring the world together to showcase advanced technologies and forge meaningful collaborations, aligning with the UAE’s vision for progress and security through collaboration and partnership.”

TAG Dynamics plans to unveil a series of groundbreaking innovations designed to enhance security, mobility, and operational effectiveness. These developments reflect the company’s commitment to pushing the boundaries of technology in service of the defence sector.

Mahmoud Gharghar, Chief Executive Officer of TAG Dynamics, expressed the company’s enthusiasm: “IDEX and NAVDEX 2025 represent a cornerstone for innovation and collaboration in the defence industry, and TAG Dynamics is honoured to serve as the Premium Partner of this prestigious event. Our commitment to advancing safety through cutting-edge technologies such as AI and remote-controlled systems is at the heart of everything we do.”

IDEX and NAVDEX 2025 are anticipated to attract a significant number of international delegations, defence contractors, and industry professionals. The events will feature live demonstrations, product launches, and discussions on the latest trends in defence and maritime security.

The collaboration between ADNEC Group and TAG Dynamics underscores a shared vision of fostering innovation and strengthening global defence partnerships. As the defence landscape evolves, such alliances play a crucial role in addressing emerging security challenges and advancing technological frontiers.

The UAE continues to position itself as a central hub for international defence exhibitions, facilitating dialogue and collaboration among global stakeholders. The upcoming IDEX and NAVDEX 2025 are set to further this objective, providing a platform for showcasing cutting-edge technologies and fostering strategic partnerships.

TAG Dynamics’ participation as a Premium Partner highlights the company’s dedication to contributing to global security and its commitment to innovation in defence technology. Attendees can look forward to experiencing the latest advancements that TAG Dynamics and other industry leaders will present during the exhibitions.

As the defence sector faces rapidly changing challenges, events like IDEX and NAVDEX serve as vital platforms for collaboration, knowledge exchange, and the promotion of peace and security worldwide. The partnership between ADNEC Group and TAG Dynamics exemplifies the collaborative efforts necessary to navigate the complexities of modern defence and security landscapes.

The United Arab Emirates has secured a position among the top ten countries globally for the number of artificial intelligence companies per million inhabitants, as highlighted in the Global AI Competitiveness Index. This achievement underscores the nation’s rapid advancement in the AI sector.

The Global AI Competitiveness Index, a collaborative effort between the International Finance Forum and Deep Knowledge Group, analyzed over 55,000 AI companies worldwide to assess their density, financing, and development. The UAE’s prominent ranking reflects its strategic focus on fostering AI innovation and enterprise.

In 2017, the UAE appointed the world’s first Minister of State for Artificial Intelligence, signaling its commitment to AI development. Subsequently, the National Strategy for Artificial Intelligence 2031 was launched, aiming to position the UAE as a global leader in AI by 2031. This strategy aligns with the broader UAE Centennial 2071 vision, focusing on economic, educational, and governmental transformation through AI.

The National Strategy for Artificial Intelligence 2031 outlines several key objectives, including establishing a network of researchers, industry experts, and policymakers; supporting the development of domestic AI startups and products; encouraging foreign direct investment and partnerships with global AI firms; and providing guidance and financial support for local businesses to expand globally.

The UAE’s strategic investments in AI are evident through initiatives such as the establishment of the Technology Innovation Institute, which has developed advanced open-source large language models like Falcon. Additionally, the UAE has launched the $100 billion MGX fund, targeting AI investments globally. These efforts are complemented by partnerships with major U.S. technology companies, including Nvidia, AMD, Microsoft, OpenAI, and IBM, enhancing the UAE’s access to cutting-edge AI technologies.

The World Governments Summit 2025 concluded its three-day event in Dubai on Thursday, uniting over 30 heads of state and government, more than 80 international and regional organizations, and 140 government delegations. Under the theme “Shaping Future Governments,” the summit addressed pressing global challenges and explored innovative solutions for effective governance.

French President Emmanuel Macron, speaking at the AI Action Summit in Paris earlier this week, emphasized the need for streamlined regulatory processes and significant investment in artificial intelligence to compete with global powers. He advocated for increased European cooperation and a unified strategy for AI development, highlighting France’s commitment to investing €109 billion in the sector.

In a notable session, industry leaders underscored the critical importance of digital access for societal advancement. Margherita Della Valle, CEO of Vodafone, highlighted the widening gap between those with internet access and those without, noting that approximately 2.6 billion people remain offline, with 300 million residing in remote areas lacking connectivity infrastructure. Hatem Dowidar, CEO of the e& group, discussed his company’s evolution towards offering services in fintech, cybersecurity, and cloud computing, reflecting a broader industry shift towards comprehensive digital solutions.

The summit also featured discussions on the ethical deployment of AI and the necessity for robust networks to support its implementation. Mickey Mikitani, CEO of Japan’s Rakuten, called for a radical transformation of the telecommunications sector and the removal of entry barriers to foster innovation. Panelists emphasized the importance of dialogue between governments and industry leaders to develop regulations that address current and future challenges in the AI landscape.

MOSCOW, RUSSIA – Media OutReach Newswire – 13 February 2025 – SIBUR, the largest Russian manufacturer of synthetic materials, plans to increase the use of polymers in the production of components for the automotive industry. In February 2025, SIBUR signed an agreement with the auto parts manufacturer DIPO for the joint development of polymer-based body parts, exterior and interior components, structural frames, and lighting components. Earlier, SIBUR […]

SINGAPORE – Media OutReach Newswire – 12 February 2025 – Chinese New Year is a time for togetherness, celebration, and sharing joy. Yet, amidst back-to-back gatherings and increased seasonal spending, the festivities can sometimes feel exciting and a little overwhelming1. Embracing the spirit of giving, Etiqa Insurance Singapore partnered with independent creative agency Blak Labs, to spread extra blessings to the community through its Multiply Blessings With […]

MACAU SAR – Media OutReach Newswire – 12 February 2025 – Melco Resorts & Entertainment announces its achievements in the newly released 2025 Forbes Travel Guide (FTG), further excelling this year in its lead among integrated resorts in Asia and topping the competition across all of Macau. With three new FTG Five-Star awards granted to Melco across the Hotel, Restaurant and Spa categories, including for Studio City’s […]

Elevision, a leading digital-out-of-home media company in the UAE, has announced a strategic partnership with Dubai Design District , a member of TECOM Group PJSC. This collaboration aims to revolutionise urban digital media within Dubai’s creative hub. The agreement entails the installation of advanced digital screens throughout d3’s premises, enhancing the district’s digital infrastructure. This initiative is designed to provide brands with innovative platforms to engage with […]

The White House has barred an Associated Press reporter from attending an Oval Office event after the news agency declined to adopt the term “Gulf of America” in place of “Gulf of Mexico,” as mandated by a recent executive order from President Donald Trump. This move has ignited a debate over press freedom and governmental influence on media terminology.

On January 20, 2025, President Trump signed an executive order renaming the Gulf of Mexico to the Gulf of America, asserting that the change reflects national pride and sovereignty. The administration has since urged media outlets and mapping services to implement this new designation. Google Maps has updated its platform to reflect the change, while other services, such as Apple Maps, display mixed usage.

The Associated Press, a global news organization known for its adherence to traditional nomenclature, has chosen to continue using “Gulf of Mexico” in its reporting. AP Executive Editor Julie Pace stated, “As a global news organization, The Associated Press informs billions of people around the world every day with factual, nonpartisan journalism. It is alarming that the Trump administration would punish AP for its independent journalism. Limiting our access to the Oval Office based on the content of AP’s speech not only severely impedes the public’s access to independent news, it plainly violates the First Amendment.”

The White House Correspondents’ Association has also expressed concern over the administration’s actions. WHCA President Eugene Daniels remarked, “The White House cannot dictate how news organizations report the news, nor should it penalize working journalists because it is unhappy with their editors’ decisions. The move by the administration to bar a reporter from The Associated Press from an official event open to news coverage today is unacceptable.”

This incident is part of a broader pattern of tension between the Trump administration and the press. The administration has previously taken steps that critics argue undermine press freedom, including restricting access to certain media outlets and promoting terminology changes that align with its political agenda.

The renaming of the Gulf of Mexico has also led to international implications. Mexico’s foreign ministry has not yet provided a comment on the matter. The executive order has prompted discussions about the historical and cultural significance of geographical names and the authority of a single nation to unilaterally implement such changes.

In addition to the Gulf renaming, President Trump has reinstated the name “Mount McKinley” for Alaska’s Denali, reversing a 2015 decision by the Obama administration. These actions reflect the administration’s broader efforts to reshape national landmarks and terminology to reflect its perspectives.

The Associated Press has indicated that it will continue to use “Gulf of Mexico” in its reporting while acknowledging the executive order’s directive. Other major news organizations, including Reuters, have maintained the traditional nomenclature, providing context about the executive order when necessary.

The situation underscores the ongoing challenges and debates surrounding press freedom, governmental authority, and the role of media in society. As the administration continues to advocate for the adoption of “Gulf of America,” media organizations are grappling with decisions about language usage, editorial independence, and the potential implications for their access to governmental events and information.

ManageEngine, the enterprise IT management division of Zoho Corporation, is set to host its Middle East User Conference in Dubai, focusing on the integration of artificial intelligence into enterprise IT systems. The event aims to equip businesses with strategies to effectively adopt AI technologies, enhancing operational efficiency and competitiveness.

The conference will feature keynote speeches from ManageEngine’s technology and domain experts, covering topics such as the evolving IT and cybersecurity landscape and leveraging new technologies to stay ahead in the market. Rajesh Ganesan, Vice President at ManageEngine, will discuss the changing role of IT departments in the current era, emphasizing the shift towards remote work and a digital-first customer approach.

In the Middle East, AI is poised to significantly impact the economy. A report by PwC estimates that AI could contribute up to $320 billion to the region’s economy by 2030, accounting for 2% of the total global benefits. Saudi Arabia is expected to see the largest absolute gains, with AI contributing over $135.2 billion to its economy, equivalent to 12.4% of its GDP. In relative terms, the UAE is anticipated to experience the most substantial impact, with AI contributing close to 14% of its 2030 GDP.

The annual growth in AI’s contribution to the Middle East’s economy is projected to range between 20-34% per year, with the fastest growth in the UAE, followed by Saudi Arabia. This growth is attributed to the significant investments these countries are making in AI technologies and their efforts to integrate AI across various sectors.

The ManageEngine conference will also highlight the company’s latest solutions designed to assist enterprises in navigating the complexities of AI integration. Attendees will have the opportunity to participate in detailed walkthroughs and live demonstrations of ManageEngine’s major solutions, including ServiceDesk Plus, OpManager Plus, Applications Manager, Desktop Central, Mobile Device Manager Plus, Log360, Site24x7, and the suite of Active Directory management products.

By K Raveendran Prime Minister Narendra Modi’s call for greater emphasis on the Global South in the evolving world order shaped by artificial intelligence is a strategic proposition. With AI becoming the most critical technological force of the 21st century, it is imperative that developing nations, particularly those in the Global South, have a role […]

TAIPEI, TAIWAN – Media OutReach Newswire – 12 February 2025 – CyCraft Technology, a leading AI-powered cybersecurity company, proudly announces its collaboration with Malaysia’s IOI Group to deploy its autonomous threat management platform, XCockpit, for the Cyber Health Check Service (Compromise Assessment, CA). As a visionary conglomerate, IOI Group recognizes the need for innovative approaches to cybersecurity in the rapidly evolving AI era. This partnership marks a […]

Thailand is advancing plans to establish a casino industry aimed at bolstering tourism and economic growth. The government has approved a draft law to legalise gambling and casinos, envisioning integrated resorts that combine gaming facilities with entertainment options. However, experts caution that the success of this initiative hinges on the meticulous development and implementation of regulatory frameworks.

The proposed legislation, known as the Integrated Entertainment Business Act or the Entertainment Complex Bill, seeks to permit casinos within large-scale entertainment complexes. These complexes would encompass hotels, shopping centres, and theme parks, aiming to attract both domestic and international tourists. Prime Minister Paetongtarn Shinawatra has expressed optimism that legalising casinos will enhance tourism, create employment opportunities, and stimulate investment.

Projections indicate that Thailand’s gaming revenue could surpass that of Singapore, potentially positioning it as the third-largest gaming market globally. Analysts estimate that a mature Thai gaming industry could generate annual gross gaming revenues of approximately $9.1 billion, with some studies suggesting figures as high as $15.1 billion. Potential locations for these integrated resorts include Bangkok, Phuket, Chiang Mai, and Pattaya.

Despite the promising economic prospects, the initiative faces significant challenges. Public and political support for legalised gambling in Thailand is limited, with concerns about potential social issues such as gambling addiction and increased household debt. A survey conducted in January revealed that a majority of respondents opposed the establishment of casinos, citing moral and social concerns.

To attract leading international casino operators, the Thai government must ensure a competitive and transparent development process. This involves balancing the interests of investors with the need to implement strong social safeguards. The proposed legislation includes measures such as prohibiting individuals under the age of 20 from entering casinos and requiring Thai nationals to register and pay an entry levy. However, the effectiveness of these measures will depend on rigorous enforcement and public education campaigns.

Bighit Music Co. Ltd. has announced the launch of the BTS Token, a blockchain-based digital currency aimed at transforming the purchasing experience for BTS fans worldwide. This initiative seeks to streamline transactions for merchandise, event tickets, and exclusive digital content, offering a more efficient and secure payment method.

The BTS Token is designed to address common challenges faced by the global fanbase, such as high transaction fees, unpredictable exchange rates, and limited payment options in certain regions. By leveraging blockchain technology, the token ensures transparent, decentralized, and cost-effective transactions, enhancing accessibility for all fans.

Key features of the BTS Token include:

– Stable Pricing: Advanced stabilization mechanisms are in place to maintain consistent pricing for merchandise and tickets across different regions.

– Exclusive Benefits: Token holders will have access to unique perks, including discounts on official merchandise, priority access to limited-edition NFTs, and invitations to exclusive events.

– Secure Transactions: The blockchain foundation provides transparent and tamper-proof transactions, granting fans full control over their digital assets.

– Smart Contract Automation: Real-time regulation of pricing and availability through smart contracts ensures fairness and prevents third-party price inflation.

The rollout plan for the BTS Token is as follows:

– Q1 2025: Official launch of the token and its integration into fan platforms.

– Q2 2025: Partnerships with merchandise vendors and ticketing providers to facilitate token transactions.

– Q3 2025: Introduction of staking programs and community-driven rewards to incentivize active participation.

– Q4 2025: Expansion into NFT-based fan experiences and digital collectibles, offering fans new ways to engage with BTS.

This development comes after all BTS members renewed their exclusive contracts with Bighit Music in September 2023, ensuring continued collaboration with the agency. The renewed contracts are set to commence in 2025, aligning with the anticipated completion of the members’ mandatory military service.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 12 February 2025 – Coming into 2025, the cryptocurrency market is on the upswing. Bitcoin has reached another all-time high (ATH), surpassing $109,000 on 20 January 2025, ahead of Donald Trump’s inauguration. The overall market growth is driven by institutional investors‘ crypto adoption, a change in regulatory sentiments, and general interest in digital assets, retail investors included. Considering this, […]

As Hong Kong witnesses a burgeoning interest in health insurance, Singapore grapples with the challenges of rising medical costs and financial risk management. Budget Priorities: Respondents in both regions allocate significant portions of their budgets to Family, Finance, and Health. Notably, there is a strong intent to increase health budgets in 2025, particularly among the middle-income segment, with 31% in Singapore and 26% in Hong Kong planning […]

DUBAI, UAE – Media OutReach Newswire – 11 February 2025 – The World Government Summit, known as “the world’s largest and most influential” intergovernmental forum, was held in Dubai, UAE, from 11 to 13 February. Themed as “Shaping Future Governments”, the Summit attracts about 6,000 participants, including more than 30 heads of state and government, over 80 heads of international organizations and 140 government delegations. The Summit […]

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