Riyadh, the bustling capital of Saudi Arabia, is poised for a surge in population and economic activity, propelling it into the elite group of the world’s 15 fastest-growing cities by 2033. This exciting forecast comes courtesy of the Savills Growth Hubs Index, a key report by the global real estate advisor Savills. The report highlights Riyadh’s unique position as the only non-Asian city to crack the top […]
SINGAPORE – Media OutReach Newswire – 10 July 2024 – RaaB Family, a leading provider of baby products in Singapore, is excited to announce the opening of its new location, marking a significant milestone in the company’s journey. This expansion represents RaaB Family’s strategic move to venture overseas, aiming to introduce its brand to a wider audience and provide enhanced accessibility to its range of quality products. […]
HANOI, VIETNAM – Media OutReach Newswire – 10 July 2024 – VinFast, a pioneering Vietnamese electric vehicle (EV) manufacturer, is making waves on the global stage with its meteoric rise. This upstart, emblematic of Vietnam’s burgeoning economic power, has now set its sights on the electric vehicle market in the Middle East. VinFast EV manufacturing complex in Hai Phong, Vietnam Haiphong Harbor, once a symbol of a […]
Saudi Reinsurance Company (Saudi Re) announced the completion of its stake sale in Probitas Holdings (Bermuda) Limited (PHBL) for $157. 4 million. The divested stake, representing 49. 9% ownership of PHBL and its subsidiaries, is expected to positively impact Saudi Re’s financial performance in the third quarter of 2024, according to a company statement released on the Saudi Stock Exchange (Tadawul). The agreement between Saudi Re and […]
DHL Express’s digital tools are available to equip small and medium enterprises (SMEs) with knowledge and expertise to navigate the global marketplace from planning to aftersales SINGAPORE – Media OutReach Newswire – 10 July 2024 – DHL Express is empowering small and medium enterprises (SMEs) with a suite of digital tools to expand their footprint, and increase international trade and shipping activities. These digital tools enable resource-constrained […]
The United Arab Emirates (UAE) has solidified its position as the frontrunner in environmental sustainability and climate action across the Middle East and Africa (MEA) region, according to a recent report by Agility Global. The findings, released as an update to Agility’s MEA Environmental Sustainability Scorecard, evaluated 17 countries on environmental outcomes, government policies, and corporate practices. The report commends the UAE’s significant strides in clean energy […]
Dutch boiling water tap manufacturer Quooker is brewing up a future-proof distribution strategy with the help of Swiss logistics automation specialist Swisslog. The collaboration centers on a new, high-tech logistics center in Nieuw Reijerwaard, Netherlands, which broke ground in a recent ceremony. This €20 million project signifies Quooker’s response to its booming international presence. Founded in Rotterdam in 1970, the company has become a global leader in […]
In a significant move towards greener aviation practices, dnata, a leading air services provider, has joined forces with ExxonMobil, a multinational oil and gas giant, to spearhead a pioneering trial program for renewable diesel (RD) at Singapore Changi Airport, a critical air hub in Southeast Asia. This collaboration signifies a pivotal step towards the adoption of sustainable aviation fuels (SAFs) in the region, aiming to reduce the […]
Unionized workers at Samsung Electronics, South Korea’s technological titan, have escalated their fight for improved pay and leave policies by initiating an indefinite strike. This decision comes after a three-day walkout that concluded on July 10th. The National Samsung Electronics Union (NSEU), representing nearly a quarter of the company’s workforce in South Korea, asserts that the management has been unwilling to engage in meaningful discussions regarding their […]
AVIS Singapore sets new standards in car rentals, aiming to improve service quality and customer satisfaction. SINGAPORE – Media OutReach Newswire – 10 July 2024 – AVIS Singapore, part of the global mobility solutions provider, Avis Budget Group, announces significant enhancements to its car rental services, aiming to improve the customer experience and establish new benchmarks within the industry. AVIS Singapore sets new standards in car rentals. […]
Riyadh Air, Saudi Arabia’s upcoming carrier, and Delta Air Lines announced a strategic partnership that will significantly enhance travel options for passengers journeying between North America and the Kingdom. This agreement, signed in Atlanta at Delta’s headquarters, lays the groundwork for a collaborative effort to expand their respective networks and unlock future growth opportunities. The partnership promises a wider array of benefits for travelers. Passengers flying between […]
HONG KONG SAR – Media OutReach Newswire – 10 July 2024 – The Paris 2024 Summer Olympic Games are just around the corner and a global sports frenzy is underway. However, intense summer workouts often lead to sportswear absorbing excessive sweat, becoming clingy and cumbersome, causing discomfort and potentially impacting performance. A research team from the School of Fashion and Textiles at The Hong Kong Polytechnic University […]
DUBAI, United Arab Emirates – In a move that strengthens the UAE’s position in the green energy sector, DUBAL Holding, the emirate’s sovereign wealth fund with a focus on sustainable investments, announced the acquisition of an equity stake in BiOD Technology FZCO. BiOD holds the distinction of being the largest biodiesel manufacturer not only in the UAE but across the entire GCC region. The partnership between the […]
HONG KONG SAR – EQS Newswire – 10 July 2024 – Recently, Uni-Bio Science Group Limited (the “Company”, together with its subsidiaries (Beijing Genetech, Shenzhen Watsin, Dongguan Watsin), the “Group”) is pleased to announce a strategic cooperation with Chongqing Minji Medical Device Co., Ltd. (hereafter “Chongqing Minji”). This partnership expands the Group’s business into the medical aesthetics device sector and enhances its long-term strategy in biopharmaceuticals and […]
Dubai, the United Arab Emirates’ (UAE) crown jewel, has unveiled a groundbreaking project that promises to transform a major highway into a global model for sustainable urban development. The “Dubai Green Spine” initiative envisions a complete overhaul of Sheikh Mohammed Bin Zayed Road (E311), a vital 64-kilometer artery connecting key areas of the city. Spearheaded by URB, a prominent Dubai-based urban planning and development firm, the project […]
Expected to generate value over 1.64 billion baht for medical laboratory and healthcare. BANGKOK, THAILAND – Media OutReach Newswire – 10 July 2024 – Informa Markets launched “Medlab Asia & Asia Health 2024,” the largest medical laboratory and medical device trade show and conference in Southeast Asia. Under the concept of International Healthcare Week, it focuses on presenting advancements and innovations in the medical industry, creating opportunities […]
By Tajul Islam As global economic dynamics shift, emerging economies seek new opportunities for growth and influence. A notable development is the BRICS coalition, originally comprising Brazil, Russia, India, China, and South Africa. With its recent expansion, the BRICS framework has introduced the concept of BRICS+, aiming for deeper and more flexible economic integration. This article explores the differences between BRICS and BRICS+, and examines the potential […]
The International Islamic Liquidity Management Corporation (IILM) successfully reissued a total of $940 million in short-term sukuk across three separate maturities. This marks the seventh auction conducted by the IILM in 2024, signifying continued investor demand for these Shariah-compliant financial instruments. The sukuk offering comprised three tranches with varying tenors. The first tranche consisted of $440 million with a one-month maturity, priced at a competitive rate of […]
HONG KONG SAR – Media OutReach Newswire – 10 July 2024 – Generali Hong Kong has achieved significant recognition at the Insurance Asia Awards 2024, receiving two prestigious awards that underscore its excellence in social media engagement and product innovation. The two awards received by Generali Hong Kong include: Social Media Initiative of the Year New Insurance Product of the Year The award recognizes Generali Hong Kong’s […]
Industry Veteran Brings Extensive Experience in Scaling Engineering Teams and Building Innovative Products SINGAPORE – Media OutReach Newswire – 10 July 2024 – SleekFlow, a Singapore-based leading provider of AI-powered omnichannel conversation suite, announced the appointment of Gao Lei as Chief Technology Officer CTO, effective immediately. Gao Lei Portrait With over 20 years of tech leadership at Silicon Valley and tech entrepreneurial experience in AI and Big […]
The G7’s (Group of Seven) recent move to seize assets belonging to Russian oligarchs and government officials has triggered a potential financial ripple effect, with Saudi Arabia issuing a stark warning. The Saudis, a major oil producer and significant player in the global financial markets, have threatened to dump their holdings of US Treasuries if the G7 continues down this path. The crux of the Saudi concern […]
Saudi Aramco, the world’s largest oil producer by crude output, has re-entered the international debt market with a US dollar-denominated bond issuance. This marks the company’s first foray into the global debt market since 2021, signifying its continued financial strength and strategic investment plans. The details of the bond offering were announced on the Saudi Stock Exchange (Tadawul) on July 9th, 2024. The bonds will be senior […]
SINGAPORE – Media OutReach Newswire – 9 July 2024 – On 9 July 2024, the Institute of Singapore Chartered Accountants (ISCA) signed a Memorandum of Understanding (MOU) with the Shanghai Institute of Certified Public Accountants (SHICPA), to further areas of collaboration between both professional accountancy bodies. Taking place at the 5th Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) meeting on the same day, the MOU was signed by Mr […]
Chinese solar company JinkoSolar has secured a significant contract to supply solar panels for the world’s most ambitious green hydrogen project currently underway in NEOM, Saudi Arabia. The deal, valued at hundreds of millions according to industry estimates, will see JinkoSolar provide 1 gigawatt (GW) of its advanced Tiger Neo N-Type TOPCon solar modules to the NEOM Green Hydrogen Project. This collaboration marks a major milestone for […]
