HONG KONG SAR – Media OutReach Newswire – 5 August 2024 – A high-level Hong Kong delegation, led by Chief Executive John Lee, has wrapped up a fruitful six-day visit to three Association of Southeast Asian Nations (ASEAN) member states, namely Laos, Cambodia and Vietnam (28 July – August 2, 2024). Hong Kong’s Chief Executive Mr John Lee (left) meets with the Deputy Secretary of the Ho […]
By Nantoo Banerjee The sudden and sharpest cut in the import duty on gold and gold doré seems to be quite confusing since even at a 15 percent import duty on gold India’s import of the yellow metal surged nearly 30 percent amounting US$45.54 billion in the last financial year. The gold import in the […]Dragon City Bahrain, the kingdom’s largest wholesale and retail shopping center, has kicked off its “Back to School” activities, scheduled from August 1 to August 17. The event aims to provide a fun and engaging experience for families while preparing students for the upcoming school year. The activities include a variety of entertainment options and special offers for visitors. Children can participate in arts and crafts workshops, […]
Older adults are increasingly taking the lead in the fight against climate change, using their time, experience, and resources to make a significant impact. Despite the physical vulnerabilities they face due to climate change, such as increased susceptibility to heat-related illnesses and difficulty evacuating during disasters, they are proving to be valuable assets in environmental activism. This demographic, often overlooked in climate activism, brings a wealth of […]
HONG KONG SAR – Media OUtReach Newswire – 1 August 2024 – Global digital innovation and software developer, PALO IT Hong Kong Limited has announced a partnership with Concept 4 Group to accelerate its sustainability efforts. By leveraging PALO IT’s Impact Tracker, Concept 4 can gain a 360° view of environmental performance to support ESG-related strategic decision-making. Established in 2003, Concept 4 is B-Corp certified global fashion […]
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, along with Vice Presidents Sheikh Mansour bin Zayed Al Nahyan and Sheikh Abdullah bin Zayed Al Nahyan, have conveyed heartfelt congratulations to Niger’s President of the National Council for the Safeguard of the Homeland, General Tiani Mohamed. This gesture marks Niger’s Independence Day, celebrated annually on August 3rd. The UAE’s leadership has underscored the significance of this […]
Building a safe learning environment WEST PAPUA, INDONESIA – Media OutReach Newswire – 2 August 2024 – Supported by Henkel’s ‘Make an Impact on Tomorrow’ initiative, Henkel Indonesia partnered non-governmental organization Yayasan Kelestarian dan Edukasi Kaimana to rebuild SD Namatota, a primary school building in West Papua, Indonesia. The newly renovated school building for students and teachers at SD Namatota. The school was originally constructed in 1973 […]
A significant humanitarian initiative from the UAE has successfully delivered substantial aid to the Gaza Strip as part of the ongoing Gallant Knight 3 operation. This mission is part of a broader effort to support the Palestinian people amidst the ongoing conflict.
The operation, launched under the directive of UAE President Sheikh Mohamed bin Zayed Al Nahyan, aims to provide essential relief to the residents of Gaza. The UAE’s Joint Operations Command, in collaboration with entities such as the Emirates Red Crescent, the Khalifa bin Zayed Al Nahyan Foundation, and the Zayed Charitable Humanitarian Foundation, is spearheading these efforts.
On October 15, the UAE initiated the relief campaign, mobilizing a vast array of humanitarian resources. The campaign includes the deployment of three ships laden with aid, among which the third ship recently departed from the Port of Fujairah, carrying over 4,600 tonnes of supplies. The cargo encompasses 4,218 tonnes of food, 370 tonnes of shelter materials, and 41 tonnes of medical aid. Additionally, the shipment included water tanks, septic tanks, and a diesel storage tank to address the immediate needs in Gaza.
Operation Gallant Knight 3 also focuses on setting up critical infrastructure within Gaza. The UAE has established two field hospitals and a floating hospital off the coast of Al Arish city. Furthermore, five automatic bakeries have been established, and flour is being supplied to eight existing bakeries. Six desalination plants, capable of producing 1.2 million gallons of water daily, have been set up to benefit over 600,000 people in Gaza.
The UAE has also initiated an airdrop operation, named “Birds of Goodness,” delivering 486 tonnes of relief supplies to isolated areas in northern Gaza that are otherwise inaccessible by land.
This extensive humanitarian effort highlights the UAE’s commitment to alleviating the hardships faced by the Palestinian people. The coordination with international bodies such as the World Food Program ensures that the aid reaches those in dire need and is distributed effectively.
Through these initiatives, the UAE continues to demonstrate its dedication to providing relief and support to conflict-affected regions, reinforcing its role as a significant player in global humanitarian efforts.
Embark on a Coffee Adventure Like Never Before with Exclusive Tour, Tastings, and Workshops at Citadines Properties in Singapore SINGAPORE – Media OutReach Newswire – 2 August 2024 – The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), is inviting guests to embark on a captivating coffee adventure this October in celebration of International Coffee Month, with exclusive local Nanyang coffee roastery […]
Hong Kong SAR- Media OutReach Newswire – 1 August 2024 – The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom. Highlights Underlying Group profit attributable to shareholders of US$76 million, up from US$33 million in the prior year Good profit growth in Food and Convenience Health and Beauty profit contribution grew 3% Continued net debt […]
HONG KONG SAR – Media OutReach Newswire – 1 August 2024 – Hong Kong is on a mission to deepen bilateral relations with Cambodia and the wider Association of Southeast Asian Nations (ASEAN) region. John Lee, Chief Executive of the Hong Kong Special Administrative Region, led a high-level business delegation to Cambodia (July 30-31, 2024) to explore new opportunities for closer co-operation. During the visit, Mr Lee […]
By K Raveendran Finance Minister Nirmala Sitharaman’s response to the opposition’s critique of the budget, coupled with Rahul Gandhi’s performance, has turned out to be the highlight of the debate on the budget in the Lok Sabha. The crux of the opposition’s argument was that the budget disproportionately favoured Bihar and Andhra Pradesh, states of […]Oman and Iran have officially launched a new maritime shipping line, marking a significant step in their bilateral relations and economic cooperation. The initiative aims to enhance connectivity between the two nations and boost trade through the strategic Shinas Port in Oman. The new shipping route is designed to facilitate smoother and more efficient cargo transport between Oman and Iran. This move is expected to bolster economic […]
ZHONGSHAN, CHINA – Media OutReach Newswire – 31 July 2024 – On July 30, the one-month anniversary of the official opening of the Shenzhen-Zhongshan Link, a mega cross-sea project, the 2024 Zhongshan Global Investment Promotion Conference was held in Zhongshan, Guangdong Province, China. The investment amount of signed projects and projects under negotiation at the event exceeded RMB 300 billion. 2024 Zhongshan Global Investment Promotion Conference was […]
Blackstone, in collaboration with the Abu Dhabi Investment Authority (ADIA), is making a significant push to acquire a $4.8 billion stake in Haldiram’s, one of India’s leading snack and confectionery companies. The consortium’s bid underscores the growing interest of international investors in India’s vibrant consumer goods sector.
Haldiram’s, renowned for its extensive range of traditional Indian snacks, has been a staple in the country’s food industry for decades. Founded in 1937, the company has expanded its presence both domestically and internationally, becoming a prominent name in the global Indian snack market. The potential deal would provide a substantial boost to Haldiram’s expansion efforts and enhance its capabilities in reaching new markets.
The move comes at a time when the Indian consumer goods market is experiencing robust growth, driven by increasing disposable incomes and changing consumer preferences. Foreign investments in India’s food and beverage sector have been on the rise, with global players seeking to tap into the country’s large and diverse consumer base. The bid reflects a broader trend of international funds targeting high-growth sectors within India, which offers significant opportunities for long-term growth.
The Blackstone-ADIA consortium’s interest in Haldiram’s highlights the company’s strong market position and growth potential. Haldiram’s, with its established brand and extensive distribution network, represents a valuable asset for investors looking to capitalize on the expanding food and beverage market in India. The acquisition would also provide Blackstone and ADIA with a foothold in a sector that has shown resilience and adaptability amid global economic uncertainties.
The bidding process for Haldiram’s is competitive, with several other international and domestic entities also vying for a stake. The outcome of this bid could set a precedent for future investments in the Indian consumer goods sector, showcasing the growing confidence of global investors in the country’s economic prospects.
Blackstone, a leading global investment firm, and ADIA, one of the world’s largest sovereign wealth funds, bring substantial financial expertise and strategic vision to the table. Their joint bid signifies a serious commitment to supporting Haldiram’s growth trajectory and expanding its global reach. The involvement of these heavyweight investors could also drive further investment interest in India’s food sector, fostering a more dynamic and competitive market environment.
As the bid unfolds, stakeholders are closely watching how the potential deal might reshape the competitive landscape of the Indian snack industry. The outcome will likely influence future investment strategies in similar high-growth sectors within the country. The strategic partnership between Blackstone and ADIA is poised to play a crucial role in shaping the future of Haldiram’s and the broader Indian consumer goods market.
The collaboration between Blackstone and ADIA in bidding for a significant stake in Haldiram’s underscores the growing international interest in India’s expanding consumer sector. This development highlights the potential for substantial growth and transformation within the Indian food and beverage market, driven by high-profile global investors.
TAIPEI, TAIWAN – Media OutReach Newswire – 31 July 2024 – TVBS’s dedication to talent cultivation and transformation earned unanimous praise from the judges, winning the “Investment in People Award,” and it was the only media company among the awarded enterprises. Organized by Enterprise Asia, the Asia Responsible Enterprise Awards (AREA) have recognized excellence in sustainability efforts across Asia for decades. Recently, the most influential sustainability award […]
By Nitya Chakraborty The Middle East was thrown into an unprecedented turmoil on Wednesday as the news came of the killing of the Hamas leader Ismail Haniyeh in Teheran in the morning by unidentified gunmen in his residence. Though the Iranian government said that they were investigating the killing and the Israeli government kept officially […]Arabian Post Staff DraftKings, a leading name in the global gambling industry, is ceasing its NFT operations following a pivotal legal decision. A US court recently permitted a class action lawsuit to proceed against the company, alleging that DraftKings’ NFTs qualify as unregistered securities. This lawsuit has triggered a significant shift in the company’s business strategy. The legal challenge stems from claims that DraftKings’ NFTs, which are […]
Planning an event, whether it’s a wedding, corporate gathering, or social celebration, can be an overwhelming task. The myriad of details, logistics, and decisions can quickly become stressful and time-consuming. This is where hiring a professional event planner can make a significant difference. Partnering with an event management company brings a wealth of experience, creativity, and organizational skills to the table, ensuring your event runs smoothly and […]
Matein Khalid The weekend Crony Club dinners in the finest watering holes/pizzerias of Dubai are as long as they are liquid and our sole focus is to exchange money making investment ideas and wildest new jokes. So I found out that my buddies were more interested in my calls on the Mag-7 than in my philosophical reveries on MAGA. So paisanos, viola! I had outlined my Tesla […]
By Tirthankar Mitra Reduced to a single Lok Sabha member from West Bengal post 2024 elections, the state Congress unit is busy picking up the pieces of the jigsaw which would help it arrive at the causes of its dismal state and chart its path of revival. Apart from an organisational rejig and the search […]
HONG KONG SAR – Media OutReach Newswire – 30 July 2024 – Hong Kong is exploring new pathways to business success with the Association of Southeast Asian Nations (ASEAN), including Laos, Cambodia and Vietnam. Starting in Laos (July 28-29, 2024), a high-level delegation, led by Hong Kong’s Chief Executive John Lee, is visiting these three countries to forge closer government-to-government, business-to-business and people-to-people ties in the region. […]
By Arun Srivastava Give a bad name to the dog and kill it. This is actually happening with the railways. Recurring train accidents are the best motives for marketing the train services to private sector. Selling a profit making organisation would invite severe public outcry and criticism. It would give a bad name to the […]ABU DHABI, 30th July 2024 — President His Highness Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates has conveyed heartfelt congratulations to King Mohammed VI of Morocco on the occasion of Throne Day. The UAE’s top leadership sent their best wishes to the Moroccan monarch, marking a celebration that underscores the strong and enduring ties between the two nations. Throne Day, celebrated annually on […]
