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Revenue Tops $10 Billion in First Four Months

Vietnam’s tourism industry is enjoying a stellar year so far,with revenue surpassing $10.7 billion in the first four months of 2024.This impressive figure marks a significant increase compared to the same period in 2023,solidifying Vietnam’s position as a highly sought-after travel destination. The tourism boom can be attributed largely to the easing of travel restrictions.With borders reopening,Vietnam has witnessed a surge in international arrivals.The country’s unique blend […]

Aspects traders need to know about the Japanese yen to trade better – Octa

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 3 May 2024 – Understanding the intricacies of the Japanese yen (JPY) is essential to excel in trading. It is recognisable by its symbol ¥ and holds immense importance in the Forex market as a major reserve currency due to its popularity in carry trades. Impressively, it ranks as the third most traded currency, following only the U.S. dollar […]

Khalifa University Makes Significant Leap in Asian University Rankings

Abu Dhabi,United Arab Emirates – May 3,2024 – Khalifa University (KU) has achieved a landmark accomplishment by securing the top position among universities in the United Arab Emirates (UAE) and an impressive 40th place overall in the prestigious Times Higher Education (THE) Asia University Rankings 2024.This remarkable rise signifies KU’s unwavering dedication to academic excellence and its continuous growth as a leading institution for higher education and […]

$500 Million Boost for Uzbekistan’s Development Goals

The OPEC Fund for International Development (OFID) and Uzbekistan have solidified their partnership with a new five-year framework agreement and a $20 million loan.Signed on May 3,2024,in Vienna,the agreement signifies a commitment by OFID to support Uzbekistan’s ambitious development agenda through $500 million in fresh financing. This partnership extension comes on the heels of a successful funding history between the two parties.OFID has already provided Uzbekistan with […]

Regular Workers’ Real Wages Declined By One Percent Every Year

AI-Powered Menu Engineering Solution for F&B Businesses to Reach the Maximum Growth Potential

When AI meets Menu Engineering meets Restaurant Operations: Polaris ERP. Featuring an intuitive interface to identify the best options for boosting profits, cutting costs, and simplifying operations. This restaurant-savvy solution is all set and ready to show why AI is the next big thing in the F&B industry. Back in 2022, as the world was emerging from the Covid-19 pandemic, Somun Restaurant was already making waves with […]

Unleashing Growth: DIFC Emerges as Premier Global Hub for Family Businesses

More than 440 registered foundations and over 600 active entities affiliated with top family businesses and individuals in DIFC as of 2023. Home to more than 120 of the world’s wealthiest families and individuals, with a total net worth exceeding USD 1trn. Dubai ranked 1st in MEASA region and among the world’s top 22 cities in terms of wealthiest population centres in 2023 with over 68,500 HNWIs. […]

Saudi Arabia Lures Global Investors with Ambitious Financial Reforms

Arabian Post Staff – Saudi Arabia’s financial sector is undergoing a significant transformation,with the kingdom setting its sights on attracting a surge of foreign investment.A recently unveiled report,the 2023 Financial Sector Development Program (FSDP),outlines a series of ambitious goals aimed at enhancing the appeal of the Saudi stock exchange to international investors. One key objective is to increase foreign ownership of free float shares to 17% by […]

Central Bank Holds Steady on Interest Rates

The Central Bank of the United Arab Emirates (CBUAE) opted to maintain its key interest rate,the base rate,at 5.40%.This decision,announced on May 1st,2024,aligns with the US Federal Reserve’s recent move to keep its benchmark interest rate unchanged. The base rate is a critical indicator that influences borrowing costs throughout the UAE’s financial system.By setting this rate,the CBUAE can steer economic activity.Lowering the base rate generally encourages borrowing […]

SOPA Announces 2024 Journalism Awards Finalists

Executive Editor of The New York Times, Joseph Kahn, to be featured speaker HONG KONG SAR – Media OutReach Newswire – 3 May 2024 – The Society of Publishers in Asia (SOPA), a Hong Kong-based not-for-profit organization dedicated to pursuing excellence in journalism, today announced the finalists for the SOPA 2024 Awards for Editorial Excellence (full list here). Global, Regional, and Chinese media outlets submitted more than […]

Fosun’s Core Businesses Grow Significantly, Nomura Reiterates “Overweight” Rating

HONG KONG SAR – Media OutReach Newswire – 2 May 2024 – On 30 April 2024, Nomura Orient International Securities (“Nomura”) published a research report stating that Fosun International Limited’s (“Fosun International” or the “Company”) (stock code: 00656.HK) core operations have shown a clear sign of growth on the back of its effective strategy of focusing on core businesses. The growth momentum is especially strong at Fosun […]

Dubai Financial Market Experiences Surge in New Investors

The Dubai Financial Market (DFM) witnessed a significant surge in new investor participation during the first quarter of 2024.According to Hamed Ali,Chief Executive Officer of DFM,the market attracted a staggering ten times the average number of new investors compared to the five-year period leading up to 2019.This impressive growth highlights the DFM’s increasing appeal and its efforts to cultivate a broader investor base. Ali made these remarks […]

Central Bank Leaves Interest Rates Unchanged

The Central Bank of the United Arab Emirates (CBUAE) announced on Wednesday,May 1st,2024,that it would keep its benchmark interest rate unchanged at 5.40%.This decision aligns with the recent move by the US Federal Reserve to maintain its target federal funds rate. The CBUAE’s base rate,also known as the Overnight Deposit Facility (ODF) rate,influences borrowing costs throughout the UAE’s financial system.By keeping the rate steady,the CBUAE aims to […]

Agility Global Makes Strong Showing on Abu Dhabi Exchange Debut

Shares in Agility Global,a subsidiary of Kuwaiti logistics giant Agility,skyrocketed on their first day of trading on the Abu Dhabi Securities Exchange (ADX) on Thursday.The stock opened at 1.48 dirhams per share,a staggering 300% increase compared to the reference price of 0.37 dirhams set by the company.The price remained buoyant throughout the day,closing at 1.38 dirhams,solidifying its position as the second-most traded stock in terms of both […]

Steward Leadership 25 (SL25) 2024 Opens for Application

SL25 recognises and celebrates the 25 best projects of steward leadership excellence by for-profit organisations. Past honourees include Avtar Group, Last Mile Care Private Limited, Marico Limited, and Tata Consultancy Services. SINGAPORE – Media OutReach Newswire – 2 May 2024 – In an era where talk of sustainability often exceeds impactful action, Singapore’s Stewardship Asia Centre (SAC) and its partners have embarked on a mission to spotlight […]

Liverpool FC and AXA Celebrate Continued Growth of Its Successful Partnership Until 2029

LIVERPOOL, UK – Media OutReach Newswire – 30 April 2024 – 2018: AXA signed as LFC’s Official Insurance Partner 2019: AXA becomes principal partner and the club’s Official Training Kit Partner 2020: Secures naming rights for AXA Training Centre 2023: Secures naming rights for AXA Melwood Training Centre and becomes Official Global Training Partner Liverpool FC and Official Global Training Partner AXA have agreed to a five-year […]

Sheikh Tahnoon Bin Mohammed Al Nahyan’s Legacy

Sheikh Tahnoon bin Mohammed Al Nahyan leaves behind a remarkable legacy of service and dedication that profoundly shaped the United Arab Emirates (UAE) as we know it today. A pivotal figure in the nation’s formation, Sheikh Tahnoon’s contributions spanned diplomacy, security, and fostering unity amongst the emirates. Working closely with the UAE’s founding father, Sheikh Zayed bin Sultan Al Nahyan, Sheikh Tahnoon played a critical role in […]

Chubb Promotes Kate Burke to Head of International Personal Lines, Asia Pacific

SINGAPORE – Media OutReach Newswire – 30 April 2024 – Chubb today announced that Kate Burke has been promoted to Head of International Personal Lines (IPL), Asia Pacific, effective 1 May 2024. In this role, Burke will be responsible for strategically growing the Auto, Residential, Specialty and High Net Worth lines of business across Chubb’s Asia Pacific operations. Burke will be based in Singapore and report directly […]

Minister Al Hussaini and World Bank Discuss MENA Development Strategies

United Arab Emirates’ Minister of State for Financial Affairs, Mohamed Al Hussaini, recently met with Ousmane Dione, the World Bank’s Vice President for the Middle East and North Africa (MENA) region. The high-level discussion, held at the UAE Ministry of Finance headquarters in Dubai, focused on strengthening collaboration on development initiatives critical to the region’s economic growth and prosperity. The meeting underscored the UAE’s commitment to working […]

Job Title Inflation in Hong Kong: 6 in 10 expect promotion within 12 – 18 months

HONG KONG SAR – Media OutReach Newswire – 30 April 2024 – Job title inflation, a common practice in Hong Kong[1] and Greater China, has recently become a global trend. According to Robert Walters, a leading specialist professional recruitment firm, there was a 46% rise in the number of UK and Ireland job adverts that had the words “lead” or “manager” in the title throughout 2023 – […]

Dubai Sees Modest Inflation Uptick in February

Dubai residents experienced a slight increase in living costs last February, according to the latest consumer price index (CPI) data released by Dubai Statistics Center. The index rose by 0.43% compared to January, indicating a modest uptick in inflation. While the February increase was relatively minor, it follows a trend of gradual inflation observed throughout the past year. Since February 2023, Dubai’s CPI has risen by approximately […]

UAE Central Bank Boasts Monumental Balance Sheet Growth

The Central Bank of the United Arab Emirates (CBUAE) announced a financial milestone, with its balance sheet reaching a record AED 750 billion (approximately USD 204 billion) by the end of February 2024. This achievement signifies a robust 32.5% surge compared to February 2023, highlighting the UAE’s burgeoning financial strength. The CBUAE’s balance sheet report, released in late April, detailed a significant increase in its general budget. […]

Emirati Leader Makes Surprise Visit to Popular Shopping Destination

Abu Dhabi residents were treated to a surprise yesterday afternoon when His Highness Sheikh Zayed bin Sultan Al Nahyan, a prominent figure in the Emirate’s history, visited the bustling Marina Mall. The unscheduled visit provided a glimpse into the Emirati leader’s commitment to connecting with his community and staying informed about the nation’s development. Sheikh Zayed’s tour, which lasted for approximately an hour, saw him strolling through […]

Sahel elites must move away from ‘zero-sum’ policies, report urges

LOS ANGELES, UNITED STATES – Newsaktuell – 30 April 2024 – A dual economic strategy focusing on domestic economic development and international partnerships to address the underlying challenges facing the Sahel region could help Burkina Faso, Mali, Niger and Sudan to build more resilient institutions and foster long-term development, a recently published report says. Turning away from the West towards Russia and China: Supporters of Niger’s National […]