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HONG KONG SAR – Media OutReach Newswire – 14 May 2025 – FGA Trust, a Hong Kong-based innovative licensed digital trust platform provides comprehensive fiduciary solutions, has been officially appointed as the Eligible Introducer of ABC Bank, an leading Mauritius financial institution with over a decade of regional expertise, marking a strategic leap to empower high-net-worth individuals(HNWIs) in tapping Africa’s booming investment opportunities. This appointment aligns with […]

PENANG, MALAYSIA / SINGAPORE – Media OutReach Newswire – 14 May 2025 – The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), is ramping up talent development to support the opening of more than 300 new properties by 2028. This global expansion is expected to create more than 12,000 new jobs, including over 1,500 property leadership roles. To power this growth, the […]

VeChain CEO Sunny Lu has outlined an ambitious vision to tokenise sustainable human behaviours—such as driving electric vehicles—by integrating blockchain, artificial intelligence , and real-world asset tokenisation into a unified infrastructure. This initiative was presented during the Consensus Toronto conference, where VeChain introduced its latest suite of tools aimed at making blockchain applications more accessible and impactful for mainstream users.

At the heart of this strategy is VeChain’s Marketplace-as-a-Service platform, launched in March 2024. MaaS enables users to create and brand their own customised NFT marketplaces without the need for extensive coding skills. The platform supports the integration of physical products with digital twins—referred to as “phygitals”—through NFT and chip technology. This approach simplifies participation in the NFT space and supports the global tokenisation movement by bridging the gap between physical and digital assets.

VeChain’s MaaS platform also incorporates fee-delegation technologies, allowing builders to cover transaction costs on behalf of users, thereby removing the barrier of transaction fees. Additionally, the platform has integrated an NFT checkout provider and is in discussions with a global payment service provider to enable direct fiat on/off ramps. These features aim to make the user experience similar to traditional Web2 interfaces, enhancing the platform’s usability.

Complementing MaaS is VeChain’s VeBetterDAO ecosystem, which promotes sustainability and community engagement by rewarding contributions towards environmental projects. The ecosystem reflects VeChain’s commitment to sustainability and community participation, incentivising individuals for their contributions to sustainability projects.

VeChain has also formed collaborations with AI-focused organisations such as SingularityNET, FetchAI, and Ocean Protocol to drive innovations in AI through blockchain technology. These partnerships aim to develop AI agents capable of autonomously executing blockchain-related tasks like governance voting and asset management. Such AI agents are sophisticated programs that can analyse information, learn from experience, and autonomously execute tasks on behalf of users, thereby enhancing the efficiency and effectiveness of blockchain applications.

The integration of AI agents into VeChain’s infrastructure is expected to facilitate the automation of tasks and adapt to changing environments, shaping investment decisions and operational efficiencies in the coming years. This move positions VeChain at the forefront of combining AI with blockchain technology to create more intelligent and responsive systems.

VeChain’s efforts are underpinned by its VeChainThor public blockchain, which utilises a Proof of Authority consensus mechanism. This mechanism ensures high throughput and security, making it suitable for enterprise-grade applications. The VeChainThor blockchain supports fee delegation, allowing transactions to be paid by a third-party account, thereby improving the usability of decentralised applications.

The company’s dual-token economic model, comprising VET and VTHO tokens, safeguards the long-term sustainability of the VeChainThor ecosystem. This model separates the medium of value from the cost of using the blockchain , ensuring stability and predictability in transaction costs.

VeChain’s initiatives have garnered attention from various sectors, including collaborations with organisations like WoV Labs to enhance digital ownership for readers of SNOB Non Per Tutti magazine. This collaboration utilises VeChain’s advanced tools to create a unique engagement model, allowing readers to access exclusive benefits through WoV Labs’ digital passport without needing blockchain or Web3 knowledge. Such partnerships highlight the integration of blockchain technology into traditional media and create new opportunities for user interaction and content delivery.

The company’s financial health is reflected in its reported $440 million in assets by the end of 2023, indicating its financial stability and attracting a wide user base. The growth in unique wallet addresses, now exceeding 3 million, further demonstrates VeChain’s expanding influence within the cryptocurrency community.

U.S. consumer prices climbed 2.3% year-on-year in April, marking the lowest inflation rate since February 2021 and falling short of the 2.4% forecast. On a monthly basis, the Consumer Price Index rose 0.2%, also below the anticipated 0.3%. This deceleration occurred despite the introduction of sweeping tariffs by the Trump administration earlier in the month. The inflation data, released by the Labor Department, suggests that the immediate […]

Visa-free travel arrangement and 35 bilateral accords signed HONG KONG SAR – Media OutReach Newswire – 13 May 2025 – Hong Kong Special Administrative Region (HKSAR)’s Chief Executive John Lee is leading a delegation of over 50 business leaders from Hong Kong and Mainland China to Qatar and Kuwait to forge closer connections and promote the city’s advantages to the Middle East. This historic visit marks the […]

The US Federal Reserve has stopped sugar-coating it: stagflation is no longer a fringe fear. It’s a looming threat. Last week’s sharp warning from Chair Jerome Powell confirmed what many of us in the global financial community have anticipated for months. Slower growth, persistent inflation, and rising unemployment are converging in a way that should set off alarm bells for investors worldwide. Make no mistake—this isn’t an […]

Robinhood has announced a definitive agreement to acquire WonderFi Technologies Inc. for C$250 million in cash, marking a significant expansion into Canada’s regulated cryptocurrency sector. The deal, anticipated to close in the second half of 2025, offers a 41% premium to WonderFi’s shareholders and will integrate WonderFi’s entire team into Robinhood Crypto’s Canadian operations.

This acquisition grants Robinhood access to WonderFi’s regulated crypto trading platforms, Bitbuy and Coinsquare, which collectively manage over C$2.1 billion in client assets. These platforms have experienced substantial growth, with a 110% increase in assets under custody since the end of 2023.

WonderFi’s consolidation of Bitbuy and Coinsquare under a single regulated investment dealer has positioned it as a dominant player in Canada’s crypto market. The company now serves over 1.7 million registered users, offering services that include crypto trading, staking, and payment processing through its SmartPay platform.

The acquisition aligns with Robinhood’s strategy to diversify its offerings beyond traditional stock trading. By integrating WonderFi’s platforms, Robinhood aims to provide Canadian users with a comprehensive suite of financial services, including crypto trading, staking, and payments. This move also reflects a broader trend of consolidation in the crypto industry, as companies seek to expand their global footprint and comply with evolving regulatory standards.

The Canadian crypto market has become increasingly attractive to international firms, partly due to its stringent regulatory environment. WonderFi’s adherence to Canadian regulations and its status as a fully regulated investment dealer make it a valuable asset for Robinhood’s international expansion. The acquisition is expected to enhance Robinhood’s competitiveness in the global crypto market, providing a robust platform for growth in Canada and potentially beyond.

This transaction is part of a series of strategic moves by Robinhood to deepen its involvement in the cryptocurrency space. The company previously acquired crypto exchange Bitstamp for $200 million, signaling its commitment to expanding its crypto offerings.

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The new residential development presents a unique investment opportunity, featuring premium amenities in one of Dubai’s most sought-after locations.   IKR Development is an emerging real estate developer in Dubai, committed to crafting contemporary residential projects. IKR has partnered with Golden Bridge, UAE’s leading sales and marketing partner, to launch a new masterpiece, Provenza Residences. The project was officially announced at the IKR Sales Center. Golden Bridge […]

Tokyo-based Metaplanet Inc. has overtaken El Salvador in Bitcoin reserves, now holding 6,796 BTC compared to the Central American nation’s 6,170 BTC. This milestone positions Metaplanet as Asia’s leading corporate Bitcoin holder and the first publicly listed Japanese firm to adopt Bitcoin as its primary treasury asset.

The company’s aggressive accumulation strategy, initiated in April 2024, has led to a staggering 5,250% surge in its stock price over the past year. This growth trajectory has been further bolstered by its inclusion in the MSCI Japan Index, effective February 28, 2025, enhancing its visibility among institutional investors.

Central to Metaplanet’s strategy is its ambitious “21 Million Plan,” aiming to acquire 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. To finance this, the company has raised approximately ¥116 billion through the issuance of 21 million shares via moving strike warrants, marking the largest Bitcoin-focused capital raise in Asian equity market history.

CEO Simon Gerovich has emphasized Bitcoin’s role as a hedge against Japan’s economic challenges, including high debt levels and currency depreciation. He stated that the company’s pivot to a Bitcoin-centric strategy has transformed it from a “zombie” company into a market leader.

Metaplanet’s financial performance reflects this transformation, with a reported 309.82% Bitcoin yield in Q4 2024 and a market capitalization increase of 11,800% over the past year. The company’s shareholder base has expanded significantly, now exceeding 50,000 investors.

In addition to its financial endeavors, Metaplanet is promoting Bitcoin adoption through initiatives like the upcoming launch of “The Bitcoin Hotel” in Tokyo, set to open in Q3 2025. This establishment aims to serve as a hub for Bitcoin education and community engagement.

Metaplanet’s approach mirrors that of U.S.-based Strategy, formerly known as MicroStrategy, which holds over 553,000 BTC. Both companies exemplify a growing trend of corporations integrating Bitcoin into their treasury strategies as a means of preserving value and driving growth.

Nigeria’s economy expanded by 4.6% year-on-year in the fourth quarter of 2024, marking its fastest growth in a decade, according to the World Bank. This surge was propelled by fiscal reforms and a rebound in the oil and services sectors. However, the growth coincided with a sharp rise in inflation and a significant increase in poverty levels, underscoring the complex challenges facing Africa’s largest economy. The World […]

Oil prices surged over $2 per barrel in Asian trading on Monday, buoyed by a significant easing of trade tensions between the United States and China. Brent crude futures climbed $2.11, or 3.3%, to $64.14 a barrel, while US West Texas Intermediate crude futures rose $2.12, or 3.47%, to $63.14. The rally followed a joint announcement from Washington and Beijing declaring a 90-day suspension of additional tariffs, […]

Saudi Arabia has launched HUMAIN, a new artificial intelligence company under the Public Investment Fund , aiming to position the kingdom as a global leader in AI innovation. Chaired by Crown Prince Mohammed bin Salman, HUMAIN is set to provide advanced AI services, including next-generation data centres, AI infrastructure, cloud capabilities, and sophisticated AI models. A key focus will be the development of one of the world’s […]

HONG KONG SAR – Media OutReach Newswire – 13 May 2025 – WRISE Hong Kong today announced the appointment of Mr. Joe C. Lee as Non-Executive Director of WRISE Prestige Hong Kong, effective immediately. With his distinguished entrepreneurial background and extensive expertise in technology and business innovation, Mr. Lee will bring invaluable strategic insights to further strengthen WRISE Prestige’s growing wealth management business for the high-net-worth individuals. […]

Hong Kong-based blockchain firm Animoca Brands is preparing for a public listing on a U.S. stock exchange, capitalising on what its leadership describes as a “unique moment” created by President Donald Trump’s more accommodating stance toward digital assets. The company, known for its investments in Web3 gaming and decentralised finance, is exploring various shareholding structures and aims to finalise its plans in the near future.

Executive Chairman Yat Siu indicated that the decision to pursue a U.S. listing marks a significant shift from the company’s previous position. Under the Biden administration, stricter regulatory measures had deterred Animoca from entering the American market. However, the current administration’s efforts to position the U.S. as a global hub for digital assets have altered the landscape. “It’s a unique moment in time,” Siu remarked, emphasising the strategic importance of accessing the world’s largest capital market.

Animoca Brands, which was valued at nearly $6 billion in 2022, reported unaudited revenues of $314 million for the year ending December 31, 2024. The company’s earnings before interest, taxes, depreciation, and amortisation stood at $97 million. Its financial reserves include approximately $293 million in cash and stablecoins, alongside $538 million in digital assets. These figures reflect a robust financial position as the company considers re-entering public markets after its delisting from the Australian Securities Exchange in 2020.

The potential listing aligns with a broader trend of crypto-focused companies seeking to establish a presence in the U.S. market. Notably, American Bitcoin, a cryptocurrency mining firm backed by Eric and Donald Trump Jr., announced plans to go public through a merger with Gryphon Digital Mining. This move underscores the growing influence of pro-crypto sentiments within the current administration and the opportunities they present for blockchain enterprises.

Animoca’s portfolio includes investments in over 540 companies, with stakes in prominent entities such as OpenSea, Kraken, and Consensys. The firm’s diverse holdings span various sectors within the digital asset ecosystem, reinforcing its position as a significant player in the industry. Siu highlighted the company’s unique approach, stating, “We think we’re the biggest non-financial services crypto firm,” and emphasised the importance of showcasing innovation beyond traditional financial services through a public listing.

The company’s Digital Asset Advisory business experienced substantial growth, generating $165 million in bookings for 2024, a 116% increase year-over-year. This segment provides services such as token advisory, marketing, and trading support, contributing significantly to Animoca’s revenue streams. Additionally, the firm reported $110 million in bookings from its Web3 operating businesses and $39 million from investment activities.

Sobha Realty has unveiled its latest masterplan development, Sobha Central, strategically located on Sheikh Zayed Road. The project introduces 1,225 upscale residences across six residential towers, aiming to redefine urban living in Dubai’s central corridor. Designed as a self-contained vertical community, Sobha Central integrates residential, commercial, and recreational spaces. The development features a curated mix of one- and two-bedroom apartments, targeting professionals and investors seeking modern amenities […]

Supermarket operator Spinneys reported a 14% year-on-year increase in net profit for the first quarter of 2025, reaching AED 85 million , buoyed by new store openings and a significant uptick in online sales. Revenue for the quarter climbed over 11% to AED 906 million, reflecting the company’s strategic expansion and digital initiatives.

The Dubai-based retailer, which went public on the Dubai Financial Market in 2024, attributed its robust performance to the launch of three new stores and a continued focus on enhancing its e-commerce platform. The company has been actively expanding its footprint, with plans to open 10 to 12 new stores across the UAE and Saudi Arabia by the end of the year.

Spinneys’ entry into the Saudi market marks a significant milestone in its regional growth strategy. The company inaugurated its first store in Riyadh’s La Strada Yard, receiving an exceptional response from customers. CEO Sunil Kumar highlighted the strong demand in the Kingdom, stating that the early performance reinforces a positive outlook for Spinneys in Saudi Arabia. The retailer plans to open additional stores in Riyadh’s King Abdulaziz Financial District and other locations before the end of 2025.

The company’s e-commerce segment has also shown impressive growth. Online sales increased by 21.7% year-on-year, surpassing AED 217 million in the first half of 2024. E-commerce now accounts for 14% of Spinneys’ total revenue, driven by the launch of the Spinneys Swift app, which offers hyperlocal delivery services. The app’s 60-minute delivery service has been piloted in key locations, with plans for a broader rollout across the UAE.

Spinneys’ strategic focus on premium grocery segments has positioned it well in the GCC’s evolving retail landscape. The company’s target market, comprising affluent households, is growing faster than the broader grocery sector. In the UAE, this segment is projected to expand at a compound annual growth rate of 4.4% from 2022 to 2028, while in Riyadh and Jeddah, the growth rate is expected to be 6.7%.

The retailer’s commitment to quality and innovation is evident in its product offerings and store concepts. Spinneys has introduced ‘The Kitchen, by Spinneys,’ a food hall concept in Dubai Mall, offering fresh meal solutions with margins exceeding traditional grocery retail. The company plans to open more locations of this concept in the UAE, catering to the growing demand for convenient and high-quality dining options.

Financially, Spinneys maintains a strong position. The company reported a 9.9% increase in revenue to AED 1.6 billion in the first half of 2024, with a net profit of AED 146 million, up 15.2% year-on-year. Despite the introduction of a 9% corporate tax in the UAE, Spinneys has continued to deliver solid financial results, supported by efficient sourcing, supply chain management, and a successful private label strategy.

Abu Dhabi’s Yas Island is set to welcome its first Waldorf Astoria Residences, marking a significant collaboration between Aldar Properties and Hilton. This development introduces the luxury brand’s residential concept to the capital, aligning with Aldar’s broader strategy to enhance its hospitality portfolio.

The Waldorf Astoria Residences will be situated along the Yas Links Golf Course, offering residents panoramic views of the fairways and the Arabian Gulf. The project encompasses a selection of premium furnished apartments and penthouses, complemented by top-tier amenities and services synonymous with the Waldorf Astoria brand. This initiative is part of Aldar’s AED 1.5 billion investment aimed at transforming its hospitality assets to cater to the growing demand for luxury accommodations in Abu Dhabi.

Jonathan Emery, Chief Executive Officer at Aldar Development, and Daniel Wakeling, Vice President Development Luxury & Residences, EMEA, at Hilton, formalised the partnership in the presence of Talal Al Dhiyebi, Aldar’s Group Chief Executive Officer. The collaboration underscores Aldar’s commitment to introducing iconic global hospitality brands to the region, enhancing Abu Dhabi’s appeal as a premier tourism and leisure destination.

The Waldorf Astoria Residences on Yas Island are part of a larger transformation plan that includes rebranding the Eastern Mangroves hotel into a Waldorf Astoria luxury resort. This resort will feature 167 guest rooms and suites, many with views of the adjacent Mangrove National Park, and will offer amenities such as a brasserie, rooftop specialty restaurant, and the brand’s signature Peacock Alley lounge. Guests will also benefit from a Personal Concierge service, ensuring a tailored and seamless experience.

In addition to the developments on Yas Island, Aldar is undertaking significant upgrades across its hospitality portfolio. The Yas Plaza Hotels complex will be reimagined under the IHG brand, transforming the six-hotel complex into the largest Vignette Collection resort globally. This rebranding includes the addition of beachfront suites and access to a private beach, enhancing the resort’s appeal to both international and local guests.

Further afield, Aldar is repositioning its desert resort in the Al Dhafra region, formerly known as Tilal Liwa, into a luxury desert escape under the Vignette Collection brand. Enhancements will include new luxury suites, curated desert experiences, and upgraded facilities such as a kids club and spa. Nurai Island is also undergoing a major refurbishment and expansion to elevate its status as Abu Dhabi’s ultra-luxury island destination.

These strategic developments align with Abu Dhabi’s broader vision to boost tourism, with the Department of Culture and Tourism aiming to attract 39.3 million visitors by 2030. The emirate has already seen a 27% increase in hotel guests in 2023 compared to the previous year, with international guest arrivals rising by 54%. The opening of the new terminal at Zayed International Airport, capable of accommodating 45 million passengers annually, further supports this growth trajectory.

Carlos Khneisser, Vice President of Development, Middle East & Africa at Hilton, expressed enthusiasm about the partnership, stating, “We are delighted to have signed Abu Dhabi’s first Waldorf Astoria, which will enjoy an unrivalled location overlooking the Mangrove National Park. With its anticipatory service and timeless elegance, it is set to be a destination of choice for those seeking modern luxury in the capital.”

Design software company Figma Inc. has confidentially filed for an initial public offering in the United States, selecting Morgan Stanley as the lead underwriter. This move positions the San Francisco-based firm as a significant test case for investor appetite in technology listings during a period of market volatility driven by geopolitical tensions and fluctuating economic policies. Figma’s decision to proceed with an IPO follows the collapse of […]

Matein Khalid The smoke signals from Geneva came even faster than the one in the Vatican that announced the arrival of Pope Leo XIV on the world stage. If the US-China trade marathon was a Bollywood movie, Scott Bessant would be​ ​dancing wet and wild with the Chinese Vice Premier Lifeng in their Jet d’Eau or kowt​owing on those little abraas that criss-cross the Rhône river​ since […]

By Saifur Rahman The governments and the private sector in the GCC are investing heavily in infrastructure and creating world-class race tracks for the development of motorsports that, coupled with strong interest among the local youth are spearheading the motorsports in the region. Home to two global Formula 1 race tracks, the region is yet to become a global hotspot for motorsports. Although a lot of youngsters […]

Bitcoin’s trajectory has garnered heightened attention as prominent figures in the cryptocurrency realm project significant growth, underpinned by strategic initiatives and institutional endorsements.

Changpeng Zhao, known as CZ and the founder of Binance, has articulated a bullish stance, suggesting that Bitcoin’s value could escalate to between $500,000 and $1,000,000 within the current market cycle. He attributes this potential surge to increasing institutional adoption and the maturation of the crypto market, envisioning the total cryptocurrency market capitalization reaching $5 trillion by year’s end.

Investor Tim Draper has expressed an even more optimistic view, positing that Bitcoin could attain an “infinite” value in U.S. dollar terms. He characterizes Bitcoin as a new store of value, emphasizing its decentralized nature and finite supply, which he believes positions it as a superior alternative to traditional fiat currencies.

Eric Trump has also entered the discourse, forecasting exponential growth for Bitcoin. He has disclosed that the Trump family holds a substantial position in Bitcoin, reflecting their confidence in its long-term value. Eric Trump has further stated that his father, President Donald Trump, will vigorously support the cryptocurrency sector, aiming to establish the United States as a global leader in digital assets.

Geoffrey Kendrick of Standard Chartered has projected a significant appreciation for Binance Coin , anticipating a 360% increase to $2,775 by 2028. He cites the coin’s utility and scarcity as primary drivers of its expected growth.

Analyst Michaël van de Poppe has accurately predicted Ethereum’s breakout to $2,100, attributing the movement to favorable market conditions and increased investor interest. Similarly, Lark Davis has identified a bullish pattern in Solana’s price action, targeting a rise to $170 once it surpasses the $150–$160 range.

These forecasts coincide with strategic developments in the cryptocurrency space. President Trump’s administration has initiated the establishment of a Strategic Bitcoin Reserve, repurposing over $17 billion in forfeited bitcoins from legal cases to create a federal digital asset reserve. This move aims to position the U.S. as a leader in digital asset holdings, with the Treasury managing the reserve through strategies like dollar-cost averaging and prohibiting the sale of the assets to maintain long-term value.

The Trump family’s involvement in the cryptocurrency sector extends beyond holdings. Eric Trump and Donald Trump Jr. have invested in a bitcoin-mining venture named American Bitcoin, in partnership with Hut 8, a major crypto infrastructure company. This initiative seeks to make American Bitcoin the world’s largest and most efficient bitcoin miner, with plans to accumulate a substantial strategic bitcoin reserve.

Primark, the renowned UK-based fashion retailer, is poised to make its debut in Dubai, marking a significant expansion into the Middle East market. The brand plans to open three flagship stores in early 2026, strategically located in Dubai Mall, Mall of the Emirates, and City Centre Mirdif. This move is part of a strategic partnership between Primark and Alshaya Group, a leading international retail franchise operator. The […]

The United States and China have agreed to a significant reduction in tariffs, marking a notable de-escalation in their ongoing trade conflict. Effective immediately, the US will lower tariffs on Chinese imports from 145% to 30%, while China will reduce its tariffs on US goods from 125% to 10%. This mutual agreement, set to last for 90 days, follows high-level negotiations held in Geneva. The trade dispute […]

CANNES, FRANCE – Media OutReach Newswire – 12 May 2025 – The Department of International Trade Promotion (DITP), Ministry of Commerce, continues its commitment to promoting Thailand’s entertainment industry on the global stage by organizing Thai Night at the Cannes Film Festival 2025 on Thursday, May 15, 2025. The event, held during the world’s most prestigious and influential film festival, aims to elevate the image of Thailand’s […]

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