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Oman’s commercial banking sector is experiencing a significant upswing in private deposits, with the total value surpassing $41. 6 billion. This marks a positive development for the country’s financial landscape, indicating growing confidence among residents and businesses in the stability of the banking system. The rise in deposits can be attributed to several factors. One major driver is Oman’s economic diversification efforts. The government’s initiatives to reduce […]

Dubai commuters can rejoice as travel times have significantly decreased thanks to the implementation of intelligent traffic systems (ITS). According to Dubai’s Roads and Transport Authority (RTA), journey times have been slashed by up to 20% across the emirate’s road network. This achievement is credited to the widespread use of ITS, a technological solution that utilizes a network of sensors, cameras, and communication devices to gather real-time […]

Arabian Post Staff -Dubai Despite traditionally being a slower period for the industry, global air cargo rates are defying expectations and holding steady. This resilience is primarily driven by robust demand and high spot rates originating from Asia and the Middle East, according to recent data and analysis by WorldACD Market Data. While total global tonnages dipped slightly by 2% during the week of June 10th to […]

While overall foreign direct investment (FDI) into Africa dipped slightly in 2023, a surge in clean energy projects is painting a brighter picture for the continent’s sustainable future, according to the latest World Investment Report by the United Nations Conference on Trade and Development (UNCTAD). The report highlights a 3% decline in FDI inflows to Africa, reaching $53 billion in 2023. This decrease is primarily attributed to […]

At a time of accelerated growth, the AI-driven enterprise orchestration platform welcomes new members to Product and Go-to-Market teams SINGAPORE – Media OutReach Newswire – 20 June 2024 – Workato®, the leading AI-driven Enterprise Orchestration platform, today announces two new appointments to the leadership team; Chandar Pattabhiram is joining as the company’s first Chief Go-to-Market Officer, and Bhagat Nainani is joining as the Head of Product and […]

Kuwait’s banking sector is awash with cash, with total liquidity reaching a record high of $208 billion. This windfall, attributed to a confluence of factors including high oil prices and government spending, has bolstered the financial system and created a positive outlook for the country’s lenders. The surge in liquidity is primarily driven by Kuwait’s strong oil export earnings. With global oil prices hovering near multi-year highs […]

The United Arab Emirates’ renewable energy champion, Masdar, announced a significant move into the European market on June 20th, 2024, with a definitive agreement to acquire a controlling stake in Greece’s Terna Energy. The deal, valued at €3. 2 billion ($3. 4 billion), positions Masdar to become a major player in the European renewable energy sector and propel Greece’s clean energy ambitions. Under the terms of the […]

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Saudi Arabia’s mergers and acquisitions (M&A) market witnessed a surge in activity during the first quarter of 2024, with a total deal volume reaching $955 million. This upswing was primarily fueled by the chemicals sector, which contributed over half of the total value at $500 million. The data, compiled by financial markets platform Dealogic, highlights Saudi Arabia’s position as a leader in the Middle Eastern chemicals M&A […]

HONG KONG SAR – Media OutReach Newswire – 21 June 2024 – Creatory, a multi-channel B2B2C influencer platform and a subsidiary of MoneyHero Limited (NASDAQ: MNY), today announced its collaboration with The Club, HKT’s customer loyalty programme, to boost Hong Kong’s creator economy. (From left to right) Clive Chow, Chief Operating Officer, The Club ; Dhruv Johri, Head of Commercial – Hong Kong, MoneyHero Group; Shravan Thakur, […]

HONG KONG SAR – Media OutReach Newswire – 21 June 2024 – In a bold move to bolster Hong Kong’s entrepreneurial spirit during challenging economic times, SetupHK, a leading one-stop business consulting service, has unveiled its innovative $1 Company Setup Program. This transformative initiative is designed to drastically reduce the barriers to entry for new businesses, catalyzing growth and innovation in Hong Kong’s dynamic market. “Our $1 […]

British oilfield services and engineering company John Wood Group Plc is setting its sights on expanding its presence in the Middle East, even as it negotiates a potential takeover by Dubai-based engineering and consulting firm Sidara. This move comes amid growing demand for energy transition solutions in the region. Wood Group revealed plans to establish an energy transition hub in Abu Dhabi by August 2024. Gerry Traynor, […]

COLORADO, USA – Media OutReach Newswire – 21 June 2024 – PTOUNX Exchange recently announced enhanced compliance measures, strengthening its position in secure and compliant cryptocurrency trading. These initiatives reflect its commitment to meeting international standards and leading the secure development of the cryptocurrency market. PTOUNX offers a safer, transparent, and trustworthy trading environment, establishing itself as a model of integrity in this dynamic industry. PTOUNX adheres […]

The United Arab Emirates (UAE) has solidified its position as a global hub for foreign direct investment (FDI), climbing to the second spot internationally for greenfield FDI projects in 2023. This significant surge, propelled by a business-friendly environment and strategic initiatives, positions the UAE as a major player in the race to attract international investment. According to the 2024 World Investment Report by the United Nations Conference […]

COLORADO, USA – Media OutReach Newswire – 21 June 2024 – PTOUNX Exchange has unveiled a series of innovative financial products designed to bridge the gap between traditional finance and the cryptocurrency economy. This strategic initiative underscores PTOUNX’s commitment to fostering financial integration and innovation. By offering a diverse range of services and products, PTOUNX addresses global user needs and propels the cryptocurrency economy forward. As a […]

London-listed Energean plc has struck a deal to sell its exploration and production assets in Egypt, Italy, and Croatia to private equity giant Carlyle Group for an enterprise value of up to $945 million. The transaction, announced on June 20, 2024, marks a strategic shift for Energean, allowing it to focus on its core gas development projects in Israel and Morocco. The divestment encompasses a portfolio with […]

HONG KONG SAR – Media OutReach Newswire – 21 June 2024 – Generali Hong Kong has received two prestigious awards at the Bloomberg Businessweek (Chinese Edition) Financial Institution Awards 2024, recognizing its excellence in making a positive impact on the community and outstanding achievement in digital marketing strategies. Generali Hong Kong has received two prestigious awards at the at the Bloomberg Businessweek (Chinese Edition) Financial Institution Awards […]

The United Arab Emirates (UAE) has emerged as a significant investor in Bahrain, solidifying its position as the third-largest contributor to the island nation’s foreign direct investment (FDI) pool. According to recent figures released by the Bahrain Economic Development Board (EDB), the UAE currently accounts for 10% of Bahrain’s total FDI stock. This development comes amidst a banner year for Bahrain’s FDI landscape. The country witnessed a […]

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 21 June 2024 – As of June 14, credit growth has reached 3.79 per cent compared to the end of last year, according to a report by the State Bank of Viet Nam (SBV). HDBank currently tops the banking industry in profitability. – Photo courtesy of HDBank However, challenges still abound in promoting credit growth. The SBV […]

BANGKOK, THAILAND – Media OutReach Newswire – 21 June 2024 – VelCurve Studio, the production company behind Thailand’s first space-themed film “URANUS2324”, has created a new wave of excitement on social media after releasing its full trailer on the evening of June 16, 2024, on all online platforms. The film is directed by Thanadol “James” Nualsuth and stars beloved actresses Sarocha “Freen” Chankimha and Rebecca “‘Becky” Patricia […]

BEIJING, CHINA – Media OutReach Newswire – 22 June 2024 – China is talking about New Quality Productive Forces, as it embarks on a transformative journey, the world is watching closely. Bionic humanoid robot provides consultation services for the guests, Beijing New Quality Productive Forces encompasses emerging industries, including new materials, green industry, and high-end equipment. It also covers future-oriented industries such as the meta-verse, brain-computer interfaces, […]

DP World, a leading global logistics provider, has finalized a significant expansion project at Peru’s Callao Port. The Bicentennial Pier project, valued at $400 million, significantly enhances the port’s container handling capacity and strengthens Callao’s role as a vital trade gateway on South America’s west coast. The expansion extends the Bicentennial Pier from 650 meters to 1, 050 meters, enabling Callao to accommodate three vessels simultaneously – […]

Major cryptocurrency exchange Binance has announced the integration of Tether’s (USDT) stablecoin on the Toncoin (TON) blockchain. This integration allows Binance users to deposit and withdraw USDT directly on the Toncoin network, expanding the utility and reach of both USDT and TON. Tether (USDT) is a widely used stablecoin, a type of cryptocurrency pegged to the value of the US dollar. This integration with Toncoin provides users […]

Cryptocurrency exchange BitOasis is forging ahead with regional expansion plans after securing a key license in Bahrain. This comes just two months after Dubai authorities lifted a suspension on BitOasis’ operations. The Bahrain license, a Category 2 Crypto-Asset Services Licence issued by the Central Bank of Bahrain (CBB), paves the way for BitOasis to establish a local subsidiary, BitOasis Bahrain. This subsidiary will operate a new broker-dealer […]

Starting your own eCommerce business can be an exciting and rewarding experience. With the growth of online shopping, there has never been a better time to enter the world of eCommerce. However, building a successful eCommerce business from scratch requires careful planning and execution. In this guide, we will discuss the essential steps you need to take to start your own eCommerce business. Market Research Before starting […]

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