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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 […]

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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 […]

This marks the ninth consecutive year to attain the Best Workplaces™ in Hong Kong HONG KONG SAR – Media OutReach Newswire – 2 July 2024 – DHL Express, the world’s leading international express service provider, has been named the No. 1 ‘Best Workplaces™ in Hong Kong 2024’ by Great Place to Work®. This marks the first time DHL Express has achieved the top position, and the ninth […]

HONG KONG SAR – Media OutReach Newswire – 2 July 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, participated in the World Economic Forum’s 15th Annual Meeting of the New Champions (Summer Davos Forum) held in Dalian at the end of June. Bill Deng, Founder and CEO of XTransfer, met with leaders of renowned international financial institutions during the Forum to […]

The UAE’s used car market is expected to experience substantial growth in the coming years, according to a report by AutoData, a leading provider of data and analytics for the automotive industry. The report projects a market value of $48. 15 billion by 2030, reflecting a compound annual growth rate (CAGR) of 11. 5% over the eight-year period. This significant increase suggests a thriving pre-owned vehicle sector […]

Advantages for German locations due to broader supplier base Cooperation to be extended to green drives COLOGNE, GERMANY – EQS Newswire – 2 July 2024 – DEUTZ is adding another cornerstone to its Dual+ strategy, which includes both the further development of alternative drive systems and the expansion of the internal combustion engine business. The cooperation with the Indian agricultural group TAFE Motors and Tractors Limited announced […]

Two-year integration process creates a single, powerful brand entity SYDNEY, AUSTRALIA – Media OutReach Newswire – 1 July 2024 – Crayon, a global leader in IT services and innovation, today announced the complete integration of rhipe into its brand. Effective from today, the rhipe brand will be discontinued. With the integration, Crayon becomes the sole brand, unifying the two organisations strengths into a powerful entity that offers […]

European companies are inking a flurry of agreements with Egyptian partners, a sign of deepening economic ties between the European Union (EU) and the North African nation. This investment surge comes alongside a broader effort by the EU to strengthen its relationship with Egypt. Ursula von der Leyen, president of the European Commission, announced the signing of more than 20 new deals, or Memorandums of Understanding (MOUs), […]

BCG subsidiary INVERTO Opens New Offices in Kuala Lumpur and Jakarta Fahad Anwar to Lead Both Offices as Managing Director With the launch in Southeast Asia, INVERTO aims to provide its clients regional support KUALA LUMPUR, MALAYSIA – Newsaktuell – 1 July 2024 – INVERTO, a subsidiary of the Boston Consulting Group (BCG) specializing in procurement and supply chain management, is expanding into Southeast Asia with new […]

The Dubai International Financial Centre (DIFC), a prominent financial hub in the Middle East, has unveiled plans for a substantial expansion project christened DIFC Square. This ambitious development signifies DIFC’s commitment to solidifying its position as a leading global center for finance and innovation. DIFC Square will encompass three interconnected buildings offering premium office spaces and retail units. The project boasts a sprawling one million square feet, […]

MANILA, PHILIPPINES – Media OutReach Newswire – 1 July 2024 – Dragon Edge Group, a leading FMCG company celebrated for its iconic brands such as Beach Hut, Cycles, Cradle, and Bite Block, is proud to announce its recognition as one of the Philippines’ Best Places to Work for 2024. Dragon Edge Group’s commitment to HR excellence was demonstrated through a variety of strategic initiatives and core values […]

Arabian Post Staff -Dubai Dubai’s property market continues to defy expectations, with a recent surge in mortgage transactions highlighting strong buyer demand. According to data compiled by Property Monitor, the number of mortgages issued in Dubai reached a 14-month high in May 2023. This represents a significant increase of 57. 9% compared to the previous month, with a total of 3, 359 loans recorded. This upswing marks […]

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