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James David Vance, currently a prominent figure as a potential vice presidential candidate alongside Donald Trump, has disclosed holdings worth $250,000 in Bitcoin (BTC). His revelation comes amidst ongoing debates over cryptocurrency regulation, where he has positioned himself as a vocal critic of SEC Chairman Gary Gensler’s policies. Vance’s involvement in the crypto sphere has been marked by his staunch opposition to regulatory measures proposed by Gensler, […]

HONG KONG SAR – Media OutReach Newswire – 15 July 2024 – DFI Retail Group Holdings Limited will announce its 2024 Half-year Results after market close on 1st August 2024, followed by a live audio webcast on 2nd August 2024. Date: Friday, 2nd August 2024 Time: 08:30-09:30am (Hong Kong Time) Presented by: Mr. Scott Price, Group Chief Executive and Mr. Clem Constantine, Group Chief Financial Officer and […]

Encourage continuous innovation in the industry Recognise outstanding contributions of surveyors HONG KONG SAR – Media OutReach Newswire – 15 July 2024 – The results of the HKIS Awards 2024 were announced and presented at the HKIS Awards Presentation Ceremony on 12 July 2024 at the Hong Kong Ocean Park Marriott Hotel. The Hong Kong Institute of Surveyors Awards aims to commend and recognise the exceptional achievements […]

HSBC Holdings Plc has rescinded a memorandum that presented a gloomy forecast for Qatar’s economy, issued earlier this year. The bank subsequently disseminated research painting a more optimistic picture of the country’s economic landscape. According to sources privy to the matter, a Dubai-based equity sales trader authored the original memo following a visit to Qatar in May. The trader, who requested anonymity due to the confidential nature […]

HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2024. The Group’s sales for the quarter ended 30 June 2024 were US$935 million […]

HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – Metro Finance and BNI Hong Kong, the world’s leading business networking and referral organization, jointly hosted the inaugural “Top 100 Business Awards 2024” Award Presentation Ceremony on July 10 at the Hong Kong Convention and Exhibition Centre. The event was attended by over 2,000 BNI business leaders from different countries and regions. The ceremony honored […]

Combining comprehensive digital marketing solutions to explore new business opportunities in the field of sports HONG KONG SAR – Media OutReach Newswire – 11 July 2024 – Vision International Holdings Limited (“Vision International” and its subsidiaries, together, the “Group“, stock code: 8107) is pleased to announce that the Group has entered into a strategic cooperation framework agreement (the “Framework Agreement“) with Camping Club Network Technology Company Limited* […]

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Saudi Reinsurance Company (Saudi Re) announced the completion of its stake sale in Probitas Holdings (Bermuda) Limited (PHBL) for $157. 4 million. The divested stake, representing 49. 9% ownership of PHBL and its subsidiaries, is expected to positively impact Saudi Re’s financial performance in the third quarter of 2024, according to a company statement released on the Saudi Stock Exchange (Tadawul). The agreement between Saudi Re and […]

The G7’s (Group of Seven) recent move to seize assets belonging to Russian oligarchs and government officials has triggered a potential financial ripple effect, with Saudi Arabia issuing a stark warning. The Saudis, a major oil producer and significant player in the global financial markets, have threatened to dump their holdings of US Treasuries if the G7 continues down this path. The crux of the Saudi concern […]

The Grayscale Ethereum Trust (ETHE), a financial vehicle allowing investors exposure to Ethereum without directly owning the cryptocurrency, has undergone a significant shift. After trading at a discount for nearly three years, ETHE’s share price now sits at a premium to its underlying net asset value (NAV) for the first time since November 2021. This development, reported on July 3rd, 2024, by financial data provider ycharts. com, […]

In a move that has sent ripples through the cryptocurrency world, the German government recently transferred a significant amount of Bitcoin to various locations. On July 4th, blockchain security firm PeckShieldAlert identified a substantial outbound transaction of over 3, 000 Bitcoin, valued at roughly $172 million, from a digital wallet linked to the German Federal Criminal Police Office (BKA). The transferred Bitcoin was divided and sent to […]

Arabian Post Staff -Dubai The Abu Dhabi Investment Authority (ADIA), a prominent sovereign wealth fund, is gearing up for potential acquisitions by listing portfolio companies on the Abu Dhabi Stock Exchange (ADEX). This strategic shift aims to raise capital that can be reinvested into new ventures, propelling ADIA’s global investment influence. Financial analysts suggest that ADIA’s decision to leverage the ADEX platform reflects growing confidence in the […]

The US Marshals Service (USMS), a federal agency responsible for asset forfeiture under the Department of Justice (DOJ), has selected cryptocurrency exchange Coinbase to manage and dispose of seized digital assets. This collaboration, valued at over $32 million, signifies a growing embrace of cryptocurrency by the US government and highlights the need for secure handling of confiscated digital holdings. Coinbase Prime, the platform’s institutional arm, will assume […]

HONG KONG SAR – Media OutReach Newswire – 5 July 2024 – Today, IX Asia Indexes announced the 1st Half 2024 Review of the IX Digital Asset Industry Classification System (“DAICS®“), aiming to provide the professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICS® classifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed […]

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 […]

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 […]

The US Treasury Department has unveiled its long-awaited framework for taxing cryptocurrency transactions. The new regime, set to take effect in 2025, establishes clear reporting requirements for crypto brokers but postpones definitive rules for a specific segment of the industry:non-custodial wallet providers. Under the new guidelines, crypto brokers will be obligated to file 1099 forms with the Internal Revenue Service (IRS), mirroring the existing reporting structure for […]

Proposed a final dividend of HK2.0 cents per share Highlights: Revenue generated from provision of system support and software solution services increased by 26.9% to approximately HK$87.7 million. Gross profit increased by 32.9% to approximately HK$62.2 million. Net profit increased by 61.8% to approximately HK$31.2 million. Earnings per share was HK6.51 cents. The Board recommended the payment of final dividend of HK2.0 cents per share. HONG KONG […]

Al Mal Capital REIT (AMCREIT), the first real estate investment trust (REIT) on the Dubai Financial Market (DFM), has bolstered its educational sector holdings through the acquisition of Carnation Education LLC. Carnation Education holds the freehold land and buildings of Kent College Dubai, a well-established K-12 institution. This strategic move expands AMCREIT’s portfolio diversification and strengthens its presence across multiple emirates. The company now boasts assets in […]

COLOGNE, GERMANY – EQS Newswire – 27 June 2024 – DEUTZ AG (ISIN DE0006305006), based in Cologne (Germany), today signed an agreement through its wholly owned indirect subsidiary DEUTZ Corporation, based in Atlanta (USA), to acquire all of the shares in Blue Star Power Systems, Inc. (‘Blue Star Power Systems’) from Blue Star Power Systems Holdings, Inc. Currently privately run, the company is headquartered in North Mankato, […]

Arabian Post Staff -Dubai The Saudi Tadawul Group Holding Company (STG), a leading diversified capital markets group in the Middle East and North Africa (MENA) region, has solidified its position as a key market player by finalizing the acquisition of a 32. 6% stake in DME Holdings Limited. DME Holdings Limited is the parent company of the Dubai Mercantile Exchange (DME), a prominent international commodities exchange. This […]

Hongkong Land commits US$400 million (HK$3.1 billion) strategic investment to launch “Tomorrow’s CENTRAL”, a planned transformation of LANDMARK Hongkong Land estimates an additional US$600 million (HK$4.7 billion) capital investment from retail tenants across LANDMARK, reimagining the luxury landscape of Hong Kong Cartier, CHANEL, Dior, Hermès, Louis Vuitton, Prada, Saint Laurent, Sotheby’s, Tiffany & Co., and Van Cleef & Arpels have committed to create world-class destinations Featuring 10 […]

Hongkong Land’s strategic investment of US$400 million (HK$3.1 billion) in LANDMARK reinforces Central, Hong Kong as a world-class destination for luxury retail, lifestyle and business Hongkong Land estimates an additional US$600 million (HK$4.7 billion) capital investment from retail tenants across the LANDMARK retail portfolio Cartier, CHANEL, Dior, Hermès, Louis Vuitton, Prada, Saint Laurent, Sotheby’s, Tiffany & Co., and Van Cleef & Arpels have committed to create world-class […]

A recent survey by the World Gold Council (WGC) indicates a significant rise in central bank appetite for gold. The survey, conducted earlier this year among 70 central banks, revealed that nearly 81% of respondents anticipate an increase in global gold holdings by central banks over the next year. This marks the highest level of optimism for the precious metal since the WGC began conducting this survey […]

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