Two Named in Future Tech 100, Driving AI application and Global Opportunities HONG KONG SAR – Media OutReach Newswire – 4 July 2024 – The “2024 World Artificial Intelligence Conference” (WAIC 2024) kicked off today at the Shanghai World Expo Exhibition and Convention Centre. Cyberport participated in the mega event for the second consecutive year, leading eight start-ups to showcase a diverse range of AI-driven solutions, spanning […]
Kuwait’s non-oil economy displayed a positive but moderated growth trajectory in June compared to May, according to the latest S&P Global Kuwait Purchasing Managers’ Index (PMI). The headline figure dipped slightly to 51. 6 from 52. 4 in May, but remained comfortably above the 50. 0 threshold that indicates expansion in business activity. This moderation in growth suggests a potential settling after a period of strong gains. […]
GENEVA, SWITZERLAND – Newsaktuell – 1 July 2024 – On the 28th of June 2024, the International Spiritual Council for Transforming Humanity (ISCTH) hosted the first Global Peace and Transformation Summit in Geneva, Siwtzerland. More than 100 action-driven leaders and influential speakers from around the globe gathered to open an honest dialogue on how to foster permanent world peace. History shows that when faced with chaos, people […]
Qatar Airways has reached new heights, soaring to record profits on the wings of a strategic expansion plan. The state-owned carrier reported a net profit of 6. 1 billion riyals ($1. 7 billion) for the financial year ending March 31, 2024, a significant 32. 4% increase compared to the previous year. This stellar performance marks the airline’s strongest financial showing in its 27-year history. Attributing this success […]
HONG KONG SAR – Media OutReach Newswire – 4 July 2024 – The Entrepreneurs Summer Cooperation Conference 2024 and the TOJOY Entrepreneur Incubator 3.0 Strategic Launch were held in Beijing, China. The conference highlighted five key investment sectors, which attracted more than 30 unicorn and potential unicorn projects that were showcased and opened up collaboration opportunities. On the other hand, as TOJOY approaches its 33rd anniversary, the […]
Abu Dhabi’s state-owned drilling company, ADNOC Drilling, has secured a significant contract worth approximately $733 million for three cutting-edge island drilling rigs. These rigs will bolster operations at the offshore Zakum field, a prolific oil and gas producer for the emirate. The new rigs will be constructed on existing and newly developed artificial islands, strategically positioned for optimal drilling and well completion within the Zakum field. Equipped […]
By Harihar Swarup The RSS hints at the course correction from the BJP and Modi government 3.0, which it wants to be reflected in the choice of new party president. The third tenure of Prime Minister Narendra Modi got off to a turbulent start. A series of unrelated events — paper leaks, a train accident […]Financial technology giant PayPal reported a 27% surge in profits for the first quarter, marking a positive start to the year. This increase comes alongside the company’s implementation of a new reporting structure that incorporates stock-based compensation. The shift in reporting reflects a growing trend within the tech industry, where stock options are a significant component of employee remuneration packages. By factoring in stock-based compensation, PayPal aims […]
Tourist spending in Saudi Arabia has witnessed a significant surge in the first quarter of 2024, marking a positive trend for the kingdom’s tourism industry. According to data released by the Saudi Central Bank, inbound visitor expenditure reached a staggering $12 billion (SAR 45 billion), reflecting a year-on-year increase of 23%. This growth aligns with Saudi Arabia’s ambitious Vision 2030 strategy, which prioritizes economic diversification and positions […]
MELBOURNE, AUSTRALIA – Media OutReach Newswire – 3 July 2024 – JustCo, Asia’s leading flexible workspace provider, announced today the launch of JustCo Emporium Melbourne — its seventh centre in Australia. Addressing the growing emphasis on wellness across all facets of life, this work-life destination marks JustCo’s sixth location housed within a shopping mall or mixed-use development in the Asia Pacific region. This milestone underscores JustCo’s dedication […]
In a move signifying its ambition to become a prominent player in the Middle East and North Africa (MENA) region, India’s leading cryptocurrency exchange CoinDCX has acquired Dubai-based BitOasis. The acquisition, finalized on July 3, 2024, marks CoinDCX’s first major international expansion and strengthens its position in the burgeoning global crypto market. This strategic move comes on the heels of CoinDCX’s initial investment in BitOasis last August. […]
Arabian Post Staff -Dubai Dubai’s residential rental market, which has seen explosive growth in recent years, is anticipated to experience a period of stabilization with slower rent increases throughout 2024. This comes after a significant rise in rental prices fueled by high demand and a limited supply of available properties. Real estate consultancies like CBRE acknowledge the increasing pressure on affordability for tenants. Their reports indicate a […]
India’s stock markets continued their record-breaking run, with both the Nifty and Sensex indices reaching new all-time highs on Tuesday. This surge was driven by strong gains in financials, metals, and power sectors. However, a recent regulatory move by SEBI, the country’s securities regulator, has cast a shadow over the brokerage industry. The new SEBI rules aim to standardize transaction fees charged by stock exchanges. This could […]
HONG KONG SAR – Media OutReach Newswire – 3 July 2024 – Goldstream Investment Limited (stock code: 1328.HK) announced that on 28 June 2024 its wholly-owned subsidiaries and the wholly-owned subsidiaries of Hony Capital Group Limited signed three respective agreements, including Feasible Result agreement, USFL agreement and TechStar agreement, and proposed to acquire three high-quality assets of Hony Capital Group Limited at a total acquisition consideration of […]
Bitpanda Mena, the regional arm of the leading European crypto investment platform, has revealed a significant rise in cryptocurrency adoption within the United Arab Emirates (UAE). This surge comes amidst a period of growing interest and regulatory clarity surrounding digital assets in the region. According to Bitpanda Mena, the UAE has witnessed a substantial increase in new user registrations on their platform. This trend reflects a broader […]
Saudi Arabian mobility leader Lumi announced a strategic partnership with global technology giant SAP to optimize its human resource (HR) processes and fuel the company’s ambitious growth plans. Through the implementation of SAP’s advanced HR system, Lumi aims to streamline operations, enhance employee experience, and make data-driven decisions to achieve its strategic goals. This collaboration will equip Lumi with the necessary tools to automate routine HR tasks, […]
Office market net absorption remained positive, high street vacancies stabilized The Hong Kong Grade A office market recorded growth for the third consecutive quarter, with overall net absorption remaining positive at 318,000 sq ft in Q2. Nevertheless, office rents remained under pressure due to the lifted availability rate, dropping 1.5% q-o-q. The overall high street vacancy rate stabilized, and rents continued to record low single-digit growth rate […]
We’re into the second half of 2024. The S&P 500’s performance in the first half of the year has been noteworthy, marking its third consecutive quarterly rise and the sixth in the last seven quarters. This pattern of growth has spurred optimism about the market’s potential for continued gains in the latter half of the year. Reflecting on historical trends, we glean valuable insights into the possibilities […]
HSBC Holdings Plc, Europe’s largest lender, is taking steps to rein in expenses under outgoing CEO Noel Quinn. The bank is implementing a slowdown in hiring and asking its investment bankers to tighten their belts on travel and entertainment spending. This cost-cutting push comes amidst a period of economic uncertainty. Inflation concerns and potential recessionary fears are impacting financial institutions globally. HSBC, like many other banks, is […]
SINGAPORE – Media OutReach Newswire – 3 July 2024 – Korea Artiz Studio, a Korean pre-wedding photoshoot studio in Singapore, is pleased to announce its recent accolades: inclusion in Singapore’s Fastest-Growing Companies 2024 and recognition in the Financial Times High-Growth Companies Asia-Pacific 2024 lists. Korea Artiz Studio Pre Wedding Photoshoot Notably, Korea Artiz Studio is the sole honoree from the wedding photography industry to be recognised in […]
Support Local Businesses, Foster Inclusive Fashion KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 2 July 2024 – Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, unveils #ShopeeHaul Gaya Lagi Lit, a curated capsule wardrobe designed to empower Malaysian women on their journeys of self-expression. This innovative collection prioritises versatility and flattering silhouettes, offering a range of modest pieces that can be effortlessly combined to […]
Saudi Arabia’s tourism sector has witnessed a significant surge in the first quarter of 2024, with tourist spending exceeding $12 billion, according to the kingdom’s Ministry of Tourism. This substantial figure marks a considerable increase compared to previous quarters, indicating a positive trajectory for the nation’s tourism industry. The Ministry attributed this growth to a number of factors, including the introduction of electronic visas, streamlined travel procedures, […]
RIYADH – JUNE 28, 2024 – The Esports World Cup Foundation today revealed details of the second edition of the New Global Sport Conference (NGSC) 2024. This exclusive annual B2B conference, themed The Future of Fandom, will be held on August 24-25 at the Four Seasons Hotel in Riyadh, Saudi Arabia, following the conclusion of the Esports World Cup. The NGSC is set to be the […]
Mubarak Al Mansoori, a key figure at Agthia Group, has been selected to participate in the judging panel for the upcoming EEA 2024. This prestigious appointment underscores Agthia’s unwavering commitment to industry excellence and its ambitious plans for continued growth. The EEA, or Emirates Environmental Awards, is a highly respected program that recognizes and celebrates outstanding environmental efforts across various sectors in the United Arab Emirates. The […]
