Arabian Post Staff CARS24, India’s e-commerce platform for pre-owned vehicles, announced the closing of a $400 million round of funding, including a $300 million Series G equity round alongside $100 million debt from diversified financial institutions. This is CARS24’s third round of fund raising in over a year and values the used cars e-commerce player at $3.3 billion, about double the valuation from its previous round in […]
Arabian Post Staff Following the opening of the final phase of Concourse A at Dubai International’s (DXB) Terminal 3, the world’s busiest international airport is 100% operational with all terminals, concourses, lounges, restaurants, and retail outlets now open. Terminal 3 is expected to serve more than 1.6 million passengers in the second half of December during the month’s peak seasonal travel period. Visitors to Dubai exceeded 1 […]
SINGAPORE – Media OutReach – 19 December 2021 – On December 18, MetaPoly, a digital art brand under Poly Auction (Xiamen), announced that it has inked a crypto art cooperation agreement with TRON Founder Justin Sun to jointly seek in-depth integration between traditional culture and crypto art. This partnership, intended to advance digital culture, has won support from a number of institutions. Poly Xiamen will hold exhibitions and events […]
By: Marc Meyer, CCO at Transmetrics The MENA region has seen a paradigm shift when it comes to online shopping and its delivery network—and the supply chain is now being asked to rise to the occasion. According to Christine Harb from the Global Brand Council at Visa, about 80% of consumers in the UAE have changed their spending habits and shifted towards online purchasing. MENA has seen […]
HONG KONG SAR – Media OutReach – 17 December 2021 – Hong Kong Science and Technology Parks Corporation (HKSTP) is forming a series of strategic partnerships with global leaders such as leading technology distributor and solutions provider Avnet and diversified financial services group ORIX to foster a new wave of engineering talent and fast-rising startups in the advanced hardware and digital technologies sectors. The combination of technology, […]
KAOHSIUNG, TAIWAN – Media OutReach – 17 December 2021 – After the global outbreak of the pandemic, there’re not only changes in our daily life, but also major changes in urban transformation. Taiwan’s economic growth rate (year on year, yoy) in 2020 is 2.98%, and it is the best performer among the developed countries in the world. Kaohsiung is also well equipped with water, electricity, land, human […]
Arabian Post Staff GCC policymakers must navigate a challenging and uncertain landscape as the pandemic continues to cloud the global outlook and countries are in different phases of recovery, with varied growth prospects and policy space, IMF said in an assessment of the GCC economies. The Fund noted that GCC policymakers moved quickly to mitigate the health and economic impacts of twin COVID-19 and oil price shocks. […]
By Matein Khalid The financial markets gave a green light to risk assets after the December FOMC conclave because the Federal Reserve has shifted its monetary strategy from post pandemic money printing to a traditional anti-inflation stance. Chairman Powell’s decision to drop his “inflation is transitory” argument and the FOMC’s decision to double the taper with three planned rate hikes in 2022 is thus a game changer […]
HONG KONG SAR – Media OutReach – 16 December 2021 – On December 16, 2021, the 28th World Travel Awards (“WTA”) has unveiled its Global 2021 list of winner, Chinese business jet company Sino Jet among the top private jet companies worldwide, took the highest honour of the “World’s Leading Business Jet Company Award” for the second consecutive year. Sino Jet believes that operation at the highest […]
Hong Kong Secondary School Students Tackle Mathematics Problems at Postgraduate Level Demonstrating Exceptional Analytical Strengths in Mathematics and Science HONG KONG SAR – Media OutReach – 16 December 2021 – Tsz Hin Chan from Pui Ching Middle School received the Gold Award for his research report titled “On Non-Torsion Solutions of Homogeneous Linear Systems over Rings” at the 2021 Hang Lung Mathematics Awards. The Scientific Committee noted that Tsz Hin’s research […]
SINGAPORE – Media OutReach – 16 December 2021 – VP Bank announces the appointment of Chris Chee as the Chief Risk Officer (CRO) Asia, effective 16 December 2021, pending approval by the relevant financial market authorities. The appointment comes just as the Bank announced the expansion of its Hong Kong office in November, aligning with its Strategy 2026 to further growth in Asia. Based in Hong Kong, Chris will […]
Integrating power sensor and meter into a single easy-to-use instrument, the new RF power meter simplifies monitoring and enables precise control DENVER, COLORADO – Media OutReach – 15 December 2021 – Advanced Energy (Nasdaq: AEIS) – a global leader in highly engineered, precision power conversion, measurement and control solutions – today announced the GEMINI™ 5540A RF (Radio Frequency) power meter. The new power meter delivers highly accurate in-line RF power measurement […]
JAKARTA, INDONESIA – Media OutReach – 15 December 2021 – Siklus, an Indonesia-based firm solving economic and environmental issues through its e-commerce and refill delivery solution, is reporting its business growth and environmental impact results for 2021. Laksamana Sakti (Head of Operations) & Jane von Rabenau (CEO) Business growth: After focusing efforts on R&D, pilot testing, and fine-tuning its business model the previous year, Siklus kick-started sales in Jakarta in January […]
AMSTERDAM, THE NETHERLANDS – Media OutReach – 15 December 2021 – Global fintech MODIFI today announced 145m USD in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The funds will be used to address increasing demand and help more small and medium-sized enterprises trade internationally on MODIFI’s digital platform. COVID-19 has negatively impacted SME exporters and importers, with the trade finance gap widening to 1.7 trillion USD, 15% […]
Arabian Post Staff The GCC leaders affirmed today the importance of completing pillars of the GCC common economic, defence and security integration and unity and coordinating stances in order to enhance solidarity and stability among GCC member states, serve their interests, avert them regional and international conflicts, fulfill aspirations of their people and strengthen their regional and international role through unified political positions and new partnerships regionally […]
Arabian Post Staff The Dubai International Financial Centre Courts announced the launch of a ‘Specialised Court for the Digital Economy’ aimed at simplifying the settlement process of complex civil and commercial disputes related to the digital economy. The new specialised court will deal with national and international disputes related to current and emerging technologies. It will cover a wide variety of fields including big data, blockchain technologies, […]
Arabian Post Staff Gulf Capital announced record profitability results for its private equity portfolio over the last twelve months (LTM) ending in Q3 2021. The fair value of Gulf Capital’s $750 Million GC Equity Partners III (Fund III) soared by 67% in the Last Twelve Months, fuelled by the record profitability of its underlying portfolio companies. This strong performance is a direct result of Gulf Capital adopting […]
Customers demand relevant and timely experiences as data-driven marketing and personalisation becomes standard SINGAPORE – Media OutReach – 14 December 2021 – Tealium, a leader in real-time customer data orchestration solutions, today announced its new partnership with Tokocrypto, Indonesia’s most trusted crypto assets digital exchange platform, to help drive better engagement for its customers. This opportunity will help cement Tealium’s position in Asia As the pandemic has forced businesses to digitalise […]
BEIJING, CHINA – Media OutReach – 13 December 2021 – The British Council announced on 11 December 2021 the recipients of the Study UK Alumni Awards 2021-22 in CHINA at a ceremony in Beijing. In total, 11 UK alumni in China were shortlisted for their outstanding achievements as business professionals, entrepreneurs and community leaders, and for their contribution to strengthening ties between the UK and China. […]
APRU MetaGame Conference focused on education, talent, and the future of esports HONG KONG SAR – Media OutReach – 12 December 2021 – The second morning of the annual Digital Entertainment Leadership Forum (DELF) focused on education, talent, and the future of esports. At the APRU MetaGame Conference, educators and industry experts from the APAC region came together to discuss Hong Kong’s role as an emergent esports […]
Industry Leaders and Elite Esports Elites Gather at Cyberport as Digital Entertainment Continues Steadfast Growth HONG KONG SAR – Media OutReach – 10 December 2021 – The grand opening of the annual Digital Entertainment Leadership Forum (DELF) took place at Cyberport today, with Zhang Zhihua, Director General of the Youth Department of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region (HKSAR), Dr David […]
ZUG, SWITZERLAND – EQS Newswire – 11 December 2021 – SunMirror AG (“SunMirror”, “the Company”; Vienna Stock Exchange: ROR1; Frankfurt Stock Exchange: ROR; ISIN CH0396131929) is pleased to announce experienced senior executives to join the SunMirror’s Leadership Team. SunMirror has appointed Ms. Flavia R. Sennhauser as Chief Financial Officer. Mr. Roger Hermann who has been serving as Chief Financial Officer will continue to work as a senior executive […]
New private cloud deployment option offers customers greater choice, scalability, and reliability SINGAPORE – Media OutReach – 10 December 2021 – The Auth0 Identity Platform, a product unit within Okta (NASDAQ: OKTA), announces the launch of the Auth0 Identity Platform on Microsoft Azure. The launch gives customers the ability to choose Azure as their cloud deployment option from Auth0. The addition of Azure as an Auth0 private […]
Ascent® SMS AP power supply with enhanced arc management and built-in process characterization capability can be configured to optimize throughput and yield DENVER, COLORADO – Media OutReach – 9 December 2021 – Advanced Energy (Nasdaq: AEIS) – a global leader in highly engineered, precision power conversion, measurement and control solutions – has expanded its family of plasma power generators with a 10 kW pulsed DC power supply that combines industry-leading […]
