Saudi Aramco has announced its decision to acquire an additional 22.5% stake in Petro Rabigh, its petrochemical joint venture with Japan’s Sumitomo Chemical, for $702 million. This move will raise Aramco’s ownership to 60%, making it the largest shareholder, while Sumitomo Chemical will retain a 15% stake. This acquisition aligns with Aramco’s strategy to expand its downstream operations and integrate more closely with Petro Rabigh. Hussain A. […]
Flydubai has launched its inaugural flights to Basel, marking a significant expansion of its European network. The Dubai-based airline, renowned for its extensive regional and international routes, has now added the Swiss city to its list of destinations, reflecting a growing demand for connectivity between the Middle East and Switzerland. The new route, which commenced operations this week, connects Dubai International Airport with EuroAirport Basel-Mulhouse-Freiburg. This addition […]
As the global wave of financial technology surges, a grand event gathering industry elites to inspire future thinking is about to unfold in Bangkok. BANGKOK, THAILAND – Media OutReach Newswire – 8 August 2024 – Hosted by the internationally renowned Fintech service provider WikiGlobal, the WikiEXPO Thailand will kick off on September 7, inviting Fintech companies, investors, and industry leaders from Thailand and around the world to […]
Saudi Kingdom Holding has announced a significant leap in its second-quarter net profit, achieving a remarkable 100% increase compared to the same period last year. This surge reflects the company’s robust performance and strategic adjustments made over the past year. The holding company, which oversees a diverse portfolio of investments across various sectors, attributed the profit growth to its enhanced investment strategies and successful ventures in both […]
Establishing Extensive Connections with Thailand’s Innovation Ecosystem as 8 Thai Startups Successfully Land at HK Science Park HONG KONG SAR – Media OutReach Newswire – 8 August 2024 – Hong Kong Science and Technology Parks Corporation (HKSTP) is leading 14 pioneering startups to the Techsauce Global Summit 2024, Southeast Asia’s premier innovation and technology flagship event, from 7-9 August in Bangkok, Thailand. The participation aims to support […]
PetroRabigh’s shares have surged to their highest level in nearly three years following the announcement of a significant partnership with Saudi Aramco. The dramatic increase in PetroRabigh’s stock price reflects strong investor confidence in the future of the joint venture. The deal, unveiled earlier this week, marks a pivotal moment for PetroRabigh as it involves a substantial investment from Saudi Aramco. The collaboration is set to enhance […]
HANOI, VIETNAM – Media OutReach Newswire – 8 August 2024 – While Asian real estate has weathered rough tides, it remains a magnet for investors seeking stability. This “filtering” period has seen weaker players fade, leaving established firms with robust finances, innovative approaches, and top-tier offerings to thrive. Asia’s once-booming real estate market, propelled by voracious appetite and low interest rates, is now confronting a more challenging […]
Saudi Arabia has introduced a competitive bidding process for seven new mining exploration licenses, encompassing approximately 1,000 square kilometers. This announcement, made on August 7 by the Ministry of Industry and Mineral Resources, marks a strategic move to bolster the nation’s mining sector and attract investment from both local and international entities. The new exploration licenses are distributed across several regions known for their mineral wealth. One […]
Pop Queen of Chinese Music World to Celebrate National Day with Exhilarating Musical Spectacle at Studio City Ticket Sales Starting on August 19 Melco Style Members to Enjoy Advance Booking with Exclusive Privileges from August 12-18 MACAU SAR – Media OutReach Newswire – 8 August 2024 – Melco Style announces another much-anticipated musical extravaganza that can’t be missed – Na Ying, the Pop Queen of Chinese Music […]
Binance has officially announced the inclusion of Toncoin on its trading platform. Effective today at 13:00, users will be able to trade Toncoin against major cryptocurrencies and fiat currencies. The new trading pairs will include TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. The addition of Toncoin to Binance’s lineup comes as part of the exchange’s ongoing effort to expand its offerings and cater to a growing demand for diverse […]
Savings deposits in UAE banks have witnessed a notable increase, climbing 8.4% to reach $80.2 billion. This growth underscores the strengthening financial stability and growing confidence in the country’s banking sector. Recent data indicates that UAE banks have experienced a substantial uptick in savings deposits over the past year. This rise reflects both increased economic stability and a shift in public financial behaviors. As consumers and businesses […]
Arabian Post Staff Saudi Aramco is poised to enhance its influence in the petrochemical sector through a significant acquisition. The energy giant has announced plans to acquire a substantial stake in Petro Rabigh, a major player in the petrochemical industry. This strategic move reflects Aramco’s ongoing efforts to diversify its investments and strengthen its foothold in the global market. Petro Rabigh, a joint venture between Saudi Aramco […]
Amdocs’ next-generation operational support systems (OSS) platform will modernize, unify, orchestrate and automate PLDT’s network operations on the public cloud, empowering PLDT to streamline their end-to-end business processes JERSEY CITY, NJ – ACCESSWIRE – 7 August 2024 – Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that PLDT Inc. (PLDT), a leading telecommunications and digital service provider in the […]
The recent death of a prominent Hamas leader has ignited concerns about potential escalation in the Israeli-Palestinian conflict. The Organization of Islamic Cooperation (OIC) has raised alarms about the possibility of a broader conflict emerging from this incident, which has already stirred significant regional tensions. Reports confirm that the leader, a key figure within Hamas, was killed under circumstances that have not yet been fully clarified. This […]
Sony’s PlayStation 5 has achieved a significant milestone by surpassing 60 million units sold since its launch four years ago. This accomplishment underscores the console’s popularity and the strength of its gaming ecosystem despite facing stiff competition in the market. The PlayStation 5, released in November 2020, quickly became a sought-after item, with initial stock shortages causing frustration among eager gamers. The console’s innovative features, including advanced […]
Ferrari World Abu Dhabi is set to enhance its offerings with the introduction of a state-of-the-art esports arena. This new venture is expected to elevate the park’s entertainment value, catering to the burgeoning interest in competitive gaming and digital sports. The arena will feature advanced gaming technology and spaces designed to host both local and international esports tournaments. The esports arena will occupy a prominent area within […]
Researchers at Lehigh University have discovered an unexpected ally in their quest to stabilize nuclear fusion reactions: mayonnaise. This common kitchen condiment is providing new insights into the physics of Rayleigh-Taylor instability, a critical challenge in achieving effective inertial confinement fusion (ICF). Fusion, the process that powers the sun, has the potential to offer nearly limitless clean energy on Earth. ICF involves compressing and heating capsules filled […]
Sales of Sweets using Air-based Protein Solein®*2 to Begin from August 2024 TOKYO, JAPAN – Media OutReach Newswire – 8 August 2024 – Ajinomoto Co., Inc. (“Ajinomoto Co.”) will embark on a new food business starting from Singapore, with the launch of the new brand Atlr.72™ (Atelier Seven Two) proposing new food lifestyles that incorporate the blessings and beauty of nature in everyday eating occasions while actively […]
Arabian Post Staff Kazakhstan Stock Exchange (KASE) has officially joined the Tabadul Digital Exchange Hub, a platform established by the Abu Dhabi Securities Exchange (ADX). This collaboration marks KASE as the sixth exchange to integrate into the Tabadul network, paving the way for enhanced bilateral cross-exchange trading and stronger strategic partnerships. The integration into Tabadul is a significant move for KASE, which aims to expand its global […]
Arabian Post Staff Eurogroup chief Paschal Donohoe emphasized the urgency for the European Union to lessen its economic dependency on the United States, driven by concerns over a potential second term for Donald Trump. Speaking to EU finance ministers, Donohoe underscored the importance of strengthening Europe’s economic sovereignty in the face of potential geopolitical shifts. Donohoe highlighted the need for the EU to bolster its economic resilience, […]
Travel insurance applications have surged dramatically as safety concerns dominate travelers’ minds. With increasing global uncertainties and heightened awareness of potential risks, travelers are prioritizing coverage more than ever before. Recent data shows that applications for travel insurance have more than doubled in the past year. This rise is attributed to a variety of factors including geopolitical tensions, ongoing health crises, and unpredictable weather patterns. As travelers […]
PUTRAJAYA, MALAYSIA – Media OutReach Newswire – 8 August 2024 – The Netherlands Maritime University College (NMUC), in collaboration with the Port Training Institute (PTI) of the Arab Academy for Science, Technology, and Maritime Transport (AASTMT), STC International, and co-organised by MY Iskandar Sdn Bhd (MISB) and the Chartered Institute of Logistics and Transport (CILT), proudly announces the International Conference on Maritime Logistics and Ports (ICMLP) 2024. […]
A World Health Organization (WHO) delegation has recently visited the field hospital set up by the United Arab Emirates (UAE) in Rafah. The visit focused on assessing the hospital’s medical operations, coordination efforts, and experience-sharing practices. This field hospital is part of the UAE’s broader initiative in response to the humanitarian crisis in Gaza. The WHO representatives expressed high regard for the UAE’s contribution to medical relief […]
TOKYO, JAPAN – Media OutReach Newswire – 8 August 2024 – Creww Inc. (Japan Office: Shibuya-ku, Tokyo, Representative: Sorato Ijichi, hereinafter “Creww”), Japan’s leading open innovation platform provider, and Real Madrid Next (Avenida de las fuerzas armadas, 402, Madrid, Spain, hereinafter “RMNext”) are pleased to announce the selection of 7 startups for the “Real Madrid Next Accelerator for Asia,” out of more than 800 applicants. About “Real […]
