logo

News related to
growth

JAKARTA, INDONESIA – Media OutReach Newswire – 2 August 2024 – VinFast Auto showcases its rapid growth in the Indonesian market with the opening of 15 new dealer stores from July 31 to August 31, 2024. This expansion reaffirms VinFast’s commitment to providing high-quality, competitively-priced products and exceptional after-sales services to Indonesian consumers. VinFast continues to open new dealership stores in Bandung, Indonesia. The new VinFast dealer […]

Egyptian Minister of Petroleum and Mineral Resources, Karim Badawy, engaged in high-level discussions with executives from leading international energy firms on August 1, 2024, in Cairo. The meeting aimed to explore opportunities for enhancing the country’s oil and gas production. The key figures in the discussions included Ali Rashid Jaruwaan, Chairman of Dragon Oil, and Richard Hall, Chairman of Dana Gas. The talks reflect Egypt’s strategic push […]

Striving to Promote Citybus’ New Energy Transportation Business Development and Achieve Business Diversification Aiming to Create Better Returns for Shareholders HONG KONG SAR – EQS Newswire – 1 August 2024 – Hans Energy Company Limited (“Hans Energy” or the “Company“) and its subsidiaries (the “Group“) (stock code: 554.HK), the leading operator in the energy industry, is pleased to announce that, regarding the acquisition of 54.44% of equity […]

Japan’s stock market has suffered a significant setback, with the Nikkei 225 dropping 5.81% and falling below the 36,000 mark for the first time since January 2024. This decline represents the index’s worst performance since March 2020. The broader Topix index experienced an even steeper drop of 6.14%, its most substantial fall in eight years. Goldman Sachs’ chief Japan equity strategist, Bruce Kirk, discussed the situation in […]

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 […]

Bitcoin’s struggle to maintain its value at the $65,000 mark has intensified with a noticeable increase in selling pressure. As the leading cryptocurrency faces challenges, attention is shifting towards altcoins that could benefit significantly if Bitcoin stages a rebound. Recent market analysis reveals a growing interest in alternative cryptocurrencies as investors seek opportunities beyond Bitcoin. Despite the current bearish sentiment, several altcoins exhibit strong potential for recovery […]

OZON Pharmaceuticals is set to establish a significant manufacturing facility in Dubai Industrial City, reflecting the UAE’s ongoing efforts to enhance its industrial capabilities. The AED 293 million investment is part of a musataha agreement, enabling the company to lease land for long-term development. This move aligns with Dubai’s strategic vision to become a global hub for advanced industries and pharmaceuticals. Dubai Industrial City, a member of […]

Advertisements

Located near Kyoto Station in the heart of Japan’s ancient former capital, Dusit’s first luxury hotel in the country has been officially recognised for offering ‘A very special stay.’ BANGKOK, THAILAND – Media OutReach Newswire – 2 August 2024 – Dusit Thani Kyoto, a luxury urban oasis operated by Dusit International, one of Thailand’s leading hotel and property development companies, has been named among the first hotels […]

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 […]

UAE Minister of State for Entrepreneurship and SMEs, Aliya Al Mazrouei, has recently assessed the evolving startup environments across Dubai, Sharjah, Ajman, and Fujairah. The review, aimed at evaluating the growth and challenges faced by startups in these emirates, highlights a significant push towards enhancing entrepreneurial support and infrastructure. Al Mazrouei’s visit focused on understanding the current state of entrepreneurship in each emirate, with particular attention to […]

SINGAPORE – Media OutReach Newswire – 1 August 2024 – The Institute of Singapore Chartered Accountants (ISCA) has set aside $5 million to organise the inaugural World Accountancy Forum (WAF) in Singapore in 2025, bringing together around 3,000 top business and accountancy leaders worldwide to discuss key issues and trends in business and accountancy. The theme of the World Accountancy Forum is slated to be “Business Transformations […]

J.P. Thieriot, the former CEO of the crypto platform Uphold, is championing Vice President Kamala Harris as a favorable candidate for cryptocurrency enthusiasts amid the Democratic primary. Thieriot’s advocacy highlights a contrast with former President Donald Trump, whom he accuses of delivering insubstantial promises to the crypto sector. Thieriot’s endorsement of Harris stems from her perceived willingness to engage with and support the cryptocurrency industry. According to […]

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 […]

Brazil’s Central Bank decided to keep its benchmark interest rate at 10.5% in its latest monetary policy meeting, marking the second consecutive time it has held rates steady. The decision reflects the institution’s ongoing struggle to balance economic growth with persistent inflationary pressures. Policymakers at the Central Bank of Brazil, led by Governor Roberto Campos Neto, arrived at this decision with a unanimous vote. The bank has […]

Masdar and TotalEnergies are embarking on a groundbreaking initiative to convert green hydrogen into sustainable aviation fuel (SAF) in Abu Dhabi. This innovative project represents a significant step in advancing clean energy technologies and aims to transform the aviation industry’s approach to sustainability. The partnership marks a pivotal development in the energy sector, leveraging cutting-edge technologies to produce SAF from green hydrogen. This method not only reduces […]

Partners with The GBA Healthcare Group to offer personalised and comprehensive health checks enhancing medical protection HONG KONG SAR – Media OutReach Newswire – 1 August 2024 – Following the recent launch of its new brand, Chow Tai Fook Life Insurance Company Limited (“CTF Life”) proudly presents its new Prime Treasure Savings Insurance Plan (“Prime Treasure”) today. This innovative plan combines savings, wealth accumulation, succession planning and […]

Fertiglobe, a leading nitrogen fertilizer producer, reported revenues of $1,048 million for the first half of 2024, despite facing challenges in the global market. The company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $398 million, reflecting the resilience and strategic execution by the firm amidst fluctuating market conditions. CEO Ahmed El-Hoshy highlighted the performance of the company, noting that higher production and effective […]

Dubai’s rental market is experiencing a significant slowdown in rent increases as a growing number of tenants opt to renew their leases rather than move. This shift comes as a response to ongoing economic adjustments and changes in tenant preferences.

Recent market data reveals that annual rent hikes in Dubai have diminished considerably compared to previous years. According to industry reports, average rent increases have moderated, reflecting a stabilization in rental pricing across various neighborhoods. The latest figures show that while rental prices had been rising steadily, the pace has now slowed, with many landlords adjusting their expectations amid a more stable market environment.

The trend towards lease renewals is contributing to this deceleration. Real estate experts have observed a marked increase in tenants choosing to extend their current leases rather than exploring new properties. This shift is attributed to several factors, including the high cost of moving and the uncertainty surrounding the real estate market. Tenants are reportedly valuing the stability of their current housing arrangements and are less inclined to engage in the upheaval associated with relocation.

Economic factors also play a crucial role in this trend. Dubai’s real estate sector is navigating through a period of adjustment following a period of rapid growth and subsequent stabilization. The economic impacts of recent global events have led to shifts in housing demand, influencing rental price trends. As the market adjusts, both landlords and tenants are recalibrating their expectations, contributing to a more balanced rental market.

Moreover, property developers and landlords are adapting to the changing dynamics by offering more competitive terms to retain tenants. There is a noticeable increase in incentives and flexible leasing options as landlords strive to maintain occupancy levels. This adaptability is a response to the growing trend of lease renewals and the need to address the evolving preferences of tenants.

The rental market’s current phase reflects a broader trend of stabilization in Dubai’s real estate sector. With many tenants opting to renew their leases, the rapid growth in rental prices appears to be moderating. This stabilization could signal a period of adjustment and recalibration for both the rental market and the broader real estate sector.

As the market continues to evolve, monitoring these trends will be essential for understanding the future direction of Dubai’s rental landscape. The current slowdown in rent hikes and the increase in lease renewals indicate a period of transition, with potential implications for both tenants and landlords in the months ahead.

BANGKOK, THAILAND – Media OutReach Newswire – 1 August 2024 – Family Office (“RFO”), Asia’s leading family office, today announced the appointment of Dr. Niti Nerngchamnong as a Board Advisor. Dr. Niti will offer strategic counsel in areas such as family governance and succession planning to RFO’s clients. Dr. Niti brings over 20 years of legal and business expertise experience. He currently serves as the Managing Partner […]

SINGAPORE – Media OutReach Newswire – 1 August 2024 – Think SME Pte Ltd, a leading accounting and corporate service provider for small and medium-sized enterprises, is proud to announce its appointment as a Productivity Solutions Grant (PSG) vendor. This designation enables Think SME Pte Ltd to support SME business owners in Singapore by providing Xero cloud accounting software, facilitating the digitalisation of their accounting processes and […]

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 […]

BANGKOK, THAILAND – Media OutReach Newswire – 31 July 2024 – ONYX Hospitality Group, recognised as a leading medium-sized hospitality management company in Southeast Asia, is proud to announce the successful completion of the key handover ceremony for its new property in Sri Lanka, Amari Colombo. Key Person: Mr. Winil Walgampala from Winil Holdings (Pvt) Ltd and family, Mr. Harold Enrique Olaya Leon, SVP. Head of Operations, […]

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 […]

RAS AL KHAIMAH, 31st July, 2024 – A new inspection report from the Ras Al Khaimah Department of Knowledge (RAK DOK) reveals substantial improvements in the performance and quality of private schools within the emirate. The report highlights the advancements in educational standards and the overall enhancement of learning environments across various institutions. According to the findings, private schools in Ras Al Khaimah have made notable progress […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Turkish court remands senior financial regulators in fund investigation // Ghantoot clinches Pink Polo Cup as screenings draw crowds // Employees Up In Arms Against Sale Of IDBI To Canadian Company Fairfax // Coca-Cola bottling holding company submits share sale prospectus // Dubai activates six-lane Al Khaleej Street tunnel // Wall Street’s AI Reckoning Offers India A New Opening // Elephant calf on death line airlifted for treatment in Gujarat // Hyperliquid Strategies pursues US futures registration through subsidiary // ADIA subsidiary seeks $7.5 billion private investment financing // ADNEC Abu Dhabi secures regional MICE venue honour // Herzog selects Eisenkot for Israeli coalition negotiations // Binance appoints Justin Yek as finance chief after theft // Bail refused to Kochi sex assault accused // Vijayan accuses CM of being evasive // HKUST President and Chinese Academy of Sciences Academician Prof. Nancy Ip Receives UNESCO Honor for a Second Time // UAE Coast Guard evacuates 22 from burning cargo vessel // Alphabet’s Malaysia investment sharpens focus on AI spending // BJP’s Counter Rallies To “Expose” Rahul Gandhi, Reveals The Weakness Of The Party // HKUST President Prof. Nancy IP Receives UNESCO–Equatorial Guinea International Prize for Research in Life Sciences // DEWA and Dell pursue stronger digital utility infrastructure //