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King Fahd Medical City (KFMC) and Boston Oncology have announced a significant partnership aimed at advancing gene and target cell therapy in Saudi Arabia. This collaboration, formalized through a Memorandum of Understanding (MoU), seeks to enhance local capabilities in cutting-edge cancer treatments and reduce dependency on international medical technologies. The project will be anchored at King Fahd Medical City, one of the leading healthcare institutions in Saudi […]

Arabian Post Staff -Dubai Emirates President Tim Clark has expressed concerns about the delivery timeline of Boeing’s 777X aircraft, projecting a delay until 2026. This adjustment stems from continuous development challenges and regulatory hurdles faced by Boeing. Clark’s statement, made during a media interaction, highlights the ongoing issues that have plagued the much-anticipated aircraft model. Clark revealed that Boeing’s progress on the 777X has been slower than […]

New paper ‘Beyond Payments’ identifies four key developments in cross-border commerce that deliver opportunities for merchants to create a frictionless and extended consumer journey HONG KONG SAR – Media OutReach Newswire – 23 July 2024 – Throughout the past decade, the rapid proliferation of mobile payment solutions has been a key enabler for digital economies across Asia and beyond. Building on our 2020 report, ‘The Next Wave: […]

The Saudi Esports Federation (SEF) has inaugurated a Legacy Museum in Riyadh, celebrating the federation’s achievements and the Kingdom of Saudi Arabia’s significant impact on the global gaming and esports industry. The museum, open seven days a week with free admission, aims to document the federation’s work since its inception and honor the progress made in this rapidly growing sector. HRH Prince Faisal bin Bandar bin Sultan, […]

Economic Survey 2023-24 Cautions On India’s Growth StoryEconomic Survey 2023-24 Cautions On India’s Growth StoryBy Dr. Gyan Pathak Economic Survey 2023-24 does present a rosy picture of India’s growth story and recognizes the short-term prospect as good, but does not fail to flag several areas of concern that require clear forward-look vision for better prospect in the long term. It underscored the pressing needs for comprehensive reform in agriculture. […]

Saudi Arabia’s Public Investment Fund (PIF) has emerged as the world’s second most influential state-owned investor, according to a 2024 report by Global SWF. This marks a significant milestone for the fund, which has consistently expanded its influence and diversified its portfolio over the years. The PIF, chaired by Crown Prince Mohammed bin Salman, is now managing assets worth approximately SR3.47 trillion, with a substantial portion, SR1.75 […]

Saudi Aramco has signed a letter of intent (LoI) with a Spanish-Chinese joint venture to develop a $2.2 billion gas compression project. The partnership, which includes Técnicas Reunidas and Shandong Electric Power Construction Corporation (SEPCO), aims to enhance Saudi Arabia’s natural gas production capabilities. The project will be executed at the Haradh and Hawiyah gas fields, pivotal components of the country’s vast gas reserves. Aramco’s move aligns […]

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High net worth individuals (HNWIs) are increasingly gravitating towards alternative assets. This trend is more than a passing phase; it’s a seismic shift driven by a confluence of factors ranging from market volatility to the pursuit of superior returns. As the global financial environment becomes more complex and uncertain, alternative assets are providing HNWIs with the diversification, resilience, and growth opportunities that traditional investments struggle to match. […]

Arabian Post Staff -Dubai Dubai-based GEMS Education has finalized a substantial $3.25 billion financing agreement to enhance its global educational operations. This deal, one of the largest in the education sector, will support GEMS in expanding its portfolio and investing in new technology and infrastructure across its network of schools. The new financing will primarily be used to bolster GEMS’ capabilities in its existing markets and facilitate […]

BlackRock is intensifying its presence in the Middle East by relocating a key investment strategist to Dubai, underscoring the growing significance of the region in global financial markets. The strategic move is part of BlackRock’s broader initiative to enhance its footprint in the Middle East and capitalize on emerging opportunities in this rapidly evolving market. The relocation of BlackRock’s lead investment strategist to Dubai marks a notable […]

Flydubai’s ambitious plans to expand its fleet and network are encountering significant delays due to ongoing issues with Boeing’s delivery schedule. The UAE-based airline, which has been actively working to enhance its regional and international presence, now faces potential setbacks in its growth trajectory. The core of the problem lies with Boeing’s production and delivery delays for the 737 MAX aircraft, which are crucial for Flydubai’s expansion […]

Bond issuance across the Middle East and North Africa (MENA) soared to $73.4 billion in the first half of 2024, marking a substantial 59% increase compared to the same period in 2023. This notable rise reflects heightened investor confidence and robust economic activity in the region, according to data from LSEG’s Deals Intelligence. The sharp growth in bond issuance is driven by a combination of factors, including […]

A major expansion in Makkah’s commercial infrastructure is underway with Alandalus Property Co. launching a significant new project valued at SR831 million ($222 million). The Saudi real estate firm has commenced the construction of a large-scale commercial center in the Makkah Al-Mukarramah region, covering an area of over 50,650 square meters. This ambitious development will feature 350 rental units designed to cater to a variety of needs. […]

SHANGHAI, CHINA – Media OutReach Newswire – 22 July 2024 – As the 21st ChinaJoy approaches, the global spotlight once again focuses on the Shanghai New International Expo Center in China. During this grand event, Flat Ads will showcase its exclusive network of 700 million developers at the 2024 ChinaJoy BTOB exhibition hall, providing developers in attendance with a one-stop global marketing and monetization solution. Dates: July […]

High-tech stage design creates a stunning visual feast as Asian popular singers gathered for three days of music passion MACAU SAR – Media OutReach Newswire – 22 July 2024 – Galaxy Arena, Macau’s newest and largest indoor arena, has consistently attracted top-tier domestic and international artists and production companies with its state-of-the-art facilities since its opening. This July, Galaxy Arena once again became the focal point for […]

Saudi Arabia has announced its largest mineralized belts to date, covering 4,788 square kilometers and introducing five new exploration licenses. This significant development marks a major step in the country’s effort to bolster its mining sector and attract both local and international investments. The newly disclosed mineralized belts encompass a substantial area in the northwestern part of the country. Among these, three permits are designated specifically for […]

Aviation industry leaders, ACI World and Airbus, have announced a significant partnership to accelerate the decarbonization of global aviation. The collaboration aims to support the aviation sector’s commitment to achieving net zero carbon emissions by 2050, aligning with global climate goals. ACI World, representing airports worldwide, has a history of environmental initiatives and has been a key player in reducing aviation-related carbon emissions. Their Airport Carbon Accreditation […]

Arabian Post Staff Vice President Kamala Harris’ recent activities and policy positions have ignited speculation about their potential ramifications on the health care sector, especially regarding stock market performance. Her focus on expanding access to health care and advocating for reforms could shape investor sentiments and impact health care stocks significantly. Harris’ stance on health care is rooted in her support for expanding the Affordable Care Act […]

Markets experienced a notable shift as President Joe Biden’s decision to withdraw from the 2024 presidential race reverberated through global financial systems. The U.S. dollar fell against major currencies, while Chinese bonds saw a substantial increase in value. Biden’s unexpected announcement to step aside for the upcoming election has led to immediate market reactions. The dollar, which had been gaining strength due to relatively stable U.S. economic […]

SINGAPORE – Media OutReach Newswire – 22 July 2024 – Philips Evnia expands its focus towards gaming professionals, including game designers, computer programmers, game artists, animators, technical artists, audio engineers, game performance testers, and more. Philips Evnia Expands Market Focus to Gaming Industry Professionals Beyond Gamers In a strategic move towards inclusivity, Evnia, a leading gaming monitor brand under Philips, has announced its expansion to embrace professionals […]

Continued Subscription Growth Illustrates True User Benefits of Arlo Subscription Plans SINGAPORE – Media OutReach Newswire – 22 July 2024 – Arlo Technologies, Inc., a leading smart home security brand, today announced its AI-powered subscription service has surpassed a milestone of 4 million paid accounts. Arlo’s continued subscription growth is a testament to the benefits and value that consumers place on its subscription plans and the overall […]

The company expects to grow its representatives’ headcount to 1,500 by end of 2025 to support growing customer needs SINGAPORE – Media OutReach Newswire – 22 July 2024 – Since its official launch in April 2023, Prudential Financial Advisers Singapore (“PFA”), Prudential Singapore’s (“Prudential”) dedicated financial advisory arm, has expanded to over 800 PFA representatives. The company is on track to have a 1,000-strong team of PFA […]

Arabian Post Staff -Dubai SentinelOne is set to capitalize on challenges faced by its rival CrowdStrike, according to industry experts. CrowdStrike, a major player in cybersecurity, has encountered significant issues recently, providing SentinelOne with an opportunity to expand its market share and influence. This shift in dynamics is expected to alter the competitive landscape in the cybersecurity sector substantially. CrowdStrike’s difficulties stem from a series of operational […]

SINGAPORE – Media OutReach Newswire – 22 July 2024 – Ngāti Kahungunu ki Tāmaki-nui-a-Rua and Hidden are pleased to announce a new strategic partnership that will help promote local stories on the global stage by using Hidden’s innovative digital storytelling platform. Hayden Hape, Chair, Ngāti Kahungunu ki Tamaki nui a Rua Taiwhenua (left) and Lim Yee Hung, co-founder of Hidden at Hidden’s office at Lower Delta Road. […]

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