The United Arab Emirates (UAE) and Saudi Arabia emerged as the frontrunners in the Middle East and North Africa (MENA) region for issuing green bonds in 2023, collectively accounting for over $15. 4 billion, according to market reports. This surge in green bond issuance reflects a growing commitment from these countries to sustainable development and environmental initiatives. The UAE played a pioneering role, with Dubai issuing its […]
Allianz Safety and Shipping Review 2024: 26 large ships lost worldwide in 2023, down by one third year-on-year, the industry’s lowest ever total South China, Indochina, Indonesia and the Philippines is the main loss hotspot globally, accounting for almost of third of all losses at sea in 2023 War and geopolitical conflicts shake up the shipping industry, with a number of major consequences Climate risks on the […]
Saudi Arabia’s tourism industry has witnessed a significant surge, climbing nine spots in the World Economic Forum’s (WEF) latest Travel & Tourism Development Index (TTDI). This impressive leap marks the biggest improvement within the Middle East and North Africa (MENA) region, solidifying the kingdom’s position as a rising tourism powerhouse. The WEF’s TTDI report, encompassing 119 economies, evaluates factors and policies that contribute to the sustainable and […]
The annual assembly of the Airports Council International (ACI) focused on charting a course towards a more sustainable future for the aviation industry. Key decisions were made to accelerate the industry’s transition to environmentally conscious practices, with a focus on infrastructure improvements, operational changes, and technological advancements. A central resolution adopted at the assembly pledged member airports to achieve net zero carbon emissions by 2050. This ambitious […]
Ethereum, the world’s second-largest cryptocurrency by market capitalization, is on the cusp of a historic price surge, according to analysts at financial services firm Bernstein. Their prediction hinges on the long-awaited approval of spot Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Bernstein analysts Gautam Chhugani and Mahika Sapra forecast a potential 75% increase in Ethereum’s value, propelling it to a new all-time […]
In a ceremony today, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, awarded the First Class Order of Zayed II to various international dignitaries. These awards acknowledged their significant contributions to the fruitful outcome of the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC). COP28, hosted by the UAE in Abu Dhabi earlier […]
PARIS, FRANCE – Media OutReach Newswire – 22 May 2024 – LVMH Group, the world leader in high-quality products, and Alibaba Group, the leading e-commerce and technology company in China, today announced an extended partnership to push further the boundary of luxury experience in China, leveraging Alibaba’s cloud technologies, through AI-powered innovations in retail and on-line with Tmall. The deepened partnership is a strong commitment to the […]
Bybit, a leading cryptocurrency exchange by trading volume, has achieved a significant milestone, surpassing 30 million registered users globally. This remarkable feat comes amidst a period of exceptional growth for the company, solidifying its position as a frontrunner in the ever-evolving blockchain industry. Bybit’s user base has witnessed a substantial expansion in recent months. Just six months ago, the exchange boasted over 20 million registered users. This […]
Expanding global portfolio of EV Centers of Excellence by the Group SHANGHAI, CHINA – Media OutReach Newswire – 22 May 2024 – DHL, the leading global brand in the logistics sector, has opened its latest electric vehicle (EV) Center of Excellence in Shanghai, China to support EV companies and its related sectors to grow their presence locally and globally. This marks the Group’s first EV Center of […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 21 May 2024 – The approval of spot Bitcoin exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC) in January 2024 triggered a substantial rise in the bitcoin price. Also, interest in the proposed spot Ethereum ETF has increased. If approved, it could spark another rally in the cryptocurrency market. Are there any opportunities to make money […]
Chairman Chen Zhi Secures Visionary Leader Award as Prince Group Captures Best CSR Program PHNOM PENH, CAMBODIA – Media OutReach Newswire – 21 May 2024 –Neak Oknha Chen Zhi, Chairman of Prince Holding Group, has been honored with the prestigious Visionary Leader Award for the second consecutive year at the Global Brand Awards 2024. Simultaneously, Prince Holding Group has received the “Best CSR Program” award for its […]
Sungrow, a leading name in solar inverter and energy storage systems, has secured a significant partnership to propel Saudi Arabia’s ambitious Vision 2030 plan. The company will supply a massive 160MW/760MWh energy storage system, along with 165MW of PV inverters, for AMAALA, a prestigious new destination within the kingdom. This strategic collaboration with Larsen & Toubro marks a turning point for sustainable energy development in the region. […]
Ripple’s XRP token occupies an interesting space in the cryptocurrency market. Despite facing criticism and regulatory hurdles, holding onto XRP might be a strategic decision for some investors. Here’s a breakdown of the key factors at play. 1. The Allure of RippleNet XRP’s primary utility lies in its role within RippleNet, a global payments network designed to facilitate faster and cheaper cross-border transactions. Financial institutions are Ripple’s […]
Shine, Swiss Re Foundation’s flagship social entrepreneurship programme, invites participation from social entrepreneurs from Indonesia, Malaysia, Singapore, and Thailand. The programme provides early-stage social entrepreneurs with a grant and access to Swiss Re’s leadership, as well as business expertise and coaching to help them scale their initiatives for impact. SINGAPORE – Media OutReach Newswire – 20 May 2024 – Swiss Re Foundation is bringing its flagship initiative, […]
African nations, alongside global investors and industry leaders, have signed the Africa-Paris Declaration on Energy Transition, Climate Justice and Energy Poverty. This landmark agreement signifies a united push for sustainable energy development across the continent. The declaration underscores a crucial balancing act:propelling economic growth while safeguarding the environment. It recognizes Africa’s right to harness its abundant natural resources, including vast oil and gas reserves, responsibly. However, the […]
HONG KONG SAR – Media OutReach Newswire – 21 May 2024 – Today, Lenovo™ launched the Lenovo Yoga™ Slim 7x and Lenovo ThinkPad™ T14s Gen 6, its first next generation Copilot+ PCs powered by Snapdragon® X Elite. As the PC industry enters a new phase of the artificial intelligence era, Lenovo is poised to offer new levels of personalization in personal computing across its PC portfolio. Intelligent […]
Hesham El Shamy 140 billion cubic metres – that’s how much natural gas is flared annually, impacting human health, accelerating climate change, and releasing carbon dioxide, methane and black soot. The practice of flaring is a significant economic and environmental problem that the Net Zero Emissions by 2050 (NZE) aims to eradicate by 2030 by removing non-emergency flaring. It is an ambitious goal, but one that’s sorely needed as it […]
A recent report by Oxford Analytica paints a concerning picture for Gulf countries. The analysis firm warns that the region must brace itself for a “new normal” of extreme weather events, necessitating significant investments in infrastructure upgrades. The report highlights the Gulf’s current lack of preparedness for climate change’s intensifying effects. Historically arid, the region has witnessed a rise in heavy rainfall and flooding, with each event […]
Daniel Mausoof Digital connectivity is synonymous with progress. As the United Nations highlights, it is for many people a basic service that connects them to health, welfare, education, financial services and more. It is the neural network behind the digital click of the button that opens the door to economic growth, citizen engagement and social equality. However, in developing countries, only 70% of households have internet compared with 92% […]
SINGAPORE – Media OutReach Newswire – 21 May 2024 – CDNetworks, the APAC-leading network to deliver edge as a service, today unveiled a 10 Tbps capacity upgrade to enhance the digital network performance in South and Southeast Asia (SSEA). Building the Backbone of Digital SSEA The unveiled additional 10 Tbps bandwidth capacity upgrade is built on CDNetworks’ 100% network coverage in the region. Complemented by the strategic […]
The Takatuf program, a community initiative focused on social volunteerism, is seeking enthusiastic individuals to join its ranks. Designed to empower communities and foster a spirit of civic engagement, Takatuf offers a diverse range of volunteer opportunities that cater to a variety of interests and skillsets. Whether you’re passionate about education and mentoring or possess a knack for organizing events and social gatherings, the Takatuf program has […]
Contrails, those wispy white streaks trailing airplanes, might seem innocuous, but they pack a surprising punch. These high-altitude ice clouds can trap heat, contributing significantly to aviation’s climate impact. Now, airlines are taking aim at contrails with a weapon not found in any pilot’s arsenal – artificial intelligence (AI). The science behind contrail formation is complex. When airplanes release hot exhaust into cold, humid air, it can […]
Hiring AI-skilled talent is a priority for 70% of Hong Kong employers but 73% of them struggle to find the AI talent they need, highlighting a looming AI skills gap in the city HONG KONG SAR – Media OutReach Newswire – 20 May 2024 – Amazon Web Services (AWS), an Amazon.com company, today released new research showing that when artificial intelligence (AI) is fully harnessed, Hong Kong […]
Singapore and regional Industry professionals can anticipate Graphisoft’s latest BIM product innovations, including BIMx on Apple Vision Pro, simplifying workflows and meeting local CORENET X, IDD, and IFC-SG requirements. SINGAPORE – Media OutReach Newswire – 16 May 2024 – Graphisoft, the leading Building Information Modeling (BIM) software solution developer for architecture and multidisciplinary design, proudly announces its role as the Title Sponsor of the Singapore AF Conference […]
