News related to
partners establish

Dubai Chamber Promotes Global Startup Event Through International Roadshows

Arabian Post Staff Dubai Chamber of Digital Economy, in partnership with the Dubai World Trade Centre, has successfully concluded a series of 12 international roadshows aimed at promoting Expand North Star, the largest global event for startups and investors, set to take place from October 13-16 in Dubai Harbour. The roadshows spanned cities across Poland, India, Brazil, China, Morocco, France, Switzerland, the UK, and the Netherlands, engaging […]

US Agencies Might Have Played A Role In Facilitating Sheikh Hasina’s Ouster

By Arun Srivastava After the sudden, inglorious exit of Sheikh Hasina from the political theatre of Bangladesh, the tone and temper of the students’ movement have changed. A new narrative is making rounds in the political and media circles that the student movement for quota reform is fading from the official narrative and BNP-Jamaat have […]

Cogo and Saascada Collaborate to Cut Carbon in Finance

Cogo and Saascada have announced a strategic partnership aimed at reducing the carbon footprint of the financial industry. The collaboration will integrate Cogo’s carbon footprint management technology with Saascada’s digital banking platform, enabling banks and financial institutions to offer customers a way to track and manage the environmental impact of their financial activities. Cogo, a company specializing in carbon footprint management, helps individuals and businesses measure, understand, […]

We Dare You to Bring Out Your Adventurous Self with “The Double Dareground” at Pacific Place!

Embark on an exciting journey filled with whimsical delights and daring adventures HONG KONG SAR – Media OutReach Newswire – 7 August 2024 – Join us at Pacific Place’s latest pop-up adventure, “The Double Dareground” , running from Today to 31 August 2024. This immersive experience will awaken the adventurous side of guests of any age, featuring interactive installations with exclusive first-in-Hong Kong collaborations, live music performances, […]

Aramco Poised to Take Major Stake in Petro Rabigh

Saudi Aramco is set to acquire a majority stake in Petro Rabigh, significantly impacting the integrated refining and petrochemical complex in Saudi Arabia. The move is part of a strategic agreement designed to bolster Petro Rabigh’s financial stability and advance its turnaround strategy. The deal, formalized through a comprehensive agreement between Aramco and Petro Rabigh, entails Aramco increasing its shareholding in the company, thus becoming its largest […]

SABIC and Fujian Government Forge Investment Deal

Saudi Basic Industries Corp. (SABIC) has announced a significant investment agreement with the Fujian government in China to establish a new engineering thermoplastic compounding facility. This development marks a strategic move to enhance SABIC’s footprint in the Chinese market, aligning with its broader growth objectives. The agreement signifies a robust commitment by SABIC to cater to the increasing demands of its local clientele in China. As part […]

Hang Lung Unveils the Grand Hyatt Kunming at Spring City 66

Brings a New Chapter of Luxury Living in “Spring City” HONG KONG & KUNMING, CHINA – Media OutReach Newswire – 6 August 2024 – Hang Lung Properties (SEHK stock code: 00101) (“Hang Lung” or “the Company”) is pleased to announce the grand opening of Grand Hyatt Kunming at Spring City 66. An integral part of Spring City 66, the new hotel marks a milestone collaboration with the […]

Vingroup’s customer-centric DNA: The driving force behind Vietnam’s largest conglomerate

HANOI, VIETNAM – Media OutReach Newswire – 5 August 2024 – Vingroup, Vietnam’s largest private conglomerate, has firmly established its presence in diverse sectors such as real estate, technology, hospitality, healthcare, and education. However, Vingroup’s success is not solely attributed to ambitious expansion, but is deeply rooted in an unwavering commitment to making the world a better place and to a customer-centric philosophy – a core value […]

Carlsberg Asia launches #CelebrateResponsibly across APAC in partnership with Grab, foodpanda and Meituan

The partnership will kick off in Q3 of 2024 during football campaign season, with a series of Responsible Drinking initiatives throughout the year to support responsible consumption HONG KONG SAR – Media OutReach Newswire – 5 August 2024 – Carlsberg Asia is pleased to launch a regional responsible drinking campaign, #CelebrateResponsibly, in partnership with three of Asia’s major e-commerce platforms – Grab, foodpanda, and Meituan – transforming […]

Sidara Halts Acquisition of UK’s Wood Group Due to Geopolitical Tensions

Sidara, a prominent player in the global energy sector, has decided to suspend its planned acquisition of the UK-based Wood Group, citing escalating geopolitical risks. This decision marks a significant shift in the company’s strategic direction, underscoring the growing impact of international tensions on corporate mergers and acquisitions. The proposed deal, which had been in advanced stages of negotiation, was intended to expand Sidara’s presence in the […]

Alibaba Cloud Introduces New Pricing Strategy and Service Availability for International Customers

Global cloud leader supports long-term AI growth with price reductions of up to 59% on core public cloud products New services and product features are now available to boost generative AI development HANGZHOU, CHINA – Media OutReach Newswire – 8 April 2024 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced its new pricing strategy for the international customers with prices reductions […]

Neobanks Revolutionize GCC Banking Sector

Neobanks, also known as digital banks, are transforming the banking landscape in the Gulf Cooperation Council (GCC) countries through innovative technology and a customer-centric approach. Unlike traditional banks, neobanks operate entirely online without physical branches, offering services such as savings accounts, payment solutions, and loans through mobile apps and websites. This shift is driven by the demand for more efficient, personalized, and accessible banking services. The rise […]

Concept 4 Partners with PALO IT to Streamline ESG Reporting for Business

HONG KONG SAR – Media OUtReach Newswire – 1 August 2024 – Global digital innovation and software developer, PALO IT Hong Kong Limited has announced a partnership with Concept 4 Group to accelerate its sustainability efforts. By leveraging PALO IT’s Impact Tracker, Concept 4 can gain a 360° view of environmental performance to support ESG-related strategic decision-making. Established in 2003, Concept 4 is B-Corp certified global fashion […]

New report by the Lung Cancer Education and Advocacy for Patients highlights role of patient advocacy in providing better care for patients

Report outlines the key challenges and opportunities and recommendations to empower Asian advocates in lung cancer SINGAPORE – Media OutReach Newswire – 1 August 2024 – A white paper released by the Lung Cancer Education and Advocacy for Patients (LEAP) has highlighted the importance of enhancing patient advocacy in lung cancer, alongside key challenges and opportunities in this space in Singapore. The report, titled Empowering Asian Lung […]

Faith Leaders Unite in Baku for Climate Action

Faith leaders from around the world are gathering in Baku, Azerbaijan, for a pivotal summit focused on climate action. Organized by the Muslim Council of Elders in collaboration with the COP29 Presidency and the United Nations Environment Programme (UNEP), the event aims to highlight the crucial role of religious communities in addressing the global climate crisis. Judge Mohamed Abdelsalam, Secretary-General of the Muslim Council of Elders, emphasized […]

Vertiv and Gulf Data Hub Collaborate on Dubai Data Center

Vertiv, a prominent provider of critical digital infrastructure solutions, has announced a strategic partnership with Gulf Data Hub to establish a new data center in Dubai Silicon Oasis. This collaboration marks a significant step in expanding data center capabilities in the UAE, addressing the increasing demand for advanced digital infrastructure in the region. The joint venture between Vertiv, which is publicly traded on the New York Stock […]

CTF Life’s Prime Treasure Savings Insurance Plan enables customers to enjoy steady wealth growth and flexible succession planning

Partners with The GBA Healthcare Group to offer personalised and comprehensive health checks enhancing medical protection HONG KONG SAR – Media OutReach Newswire – 1 August 2024 – Following the recent launch of its new brand, Chow Tai Fook Life Insurance Company Limited (“CTF Life”) proudly presents its new Prime Treasure Savings Insurance Plan (“Prime Treasure”) today. This innovative plan combines savings, wealth accumulation, succession planning and […]

Raffles Family Office Appoints Family Governance Expert Dr. Niti Nerngchamnong to Advisory Board

BANGKOK, THAILAND – Media OutReach Newswire – 1 August 2024 – Family Office (“RFO”), Asia’s leading family office, today announced the appointment of Dr. Niti Nerngchamnong as a Board Advisor. Dr. Niti will offer strategic counsel in areas such as family governance and succession planning to RFO’s clients. Dr. Niti brings over 20 years of legal and business expertise experience. He currently serves as the Managing Partner […]

Oman and Iran Establish New Shipping Route

Oman and Iran have officially launched a new maritime shipping line, marking a significant step in their bilateral relations and economic cooperation. The initiative aims to enhance connectivity between the two nations and boost trade through the strategic Shinas Port in Oman. The new shipping route is designed to facilitate smoother and more efficient cargo transport between Oman and Iran. This move is expected to bolster economic […]

Sanad and Airbus Forge New MRO Services Partnership

Sanad, the maintenance, repair, and overhaul (MRO) services provider based in Abu Dhabi, has announced a strategic partnership with Airbus to enhance aircraft support services. This collaboration aims to leverage both companies’ strengths in optimizing MRO solutions and improving operational efficiency for airlines globally. The partnership focuses on integrating advanced technologies and innovative practices to streamline MRO operations. Sanad, a key player in the aviation industry, is […]

ADIA Joins Blackstone Bid for $4.8 Billion Haldiram’s Stake

Blackstone, in collaboration with the Abu Dhabi Investment Authority (ADIA), is making a significant push to acquire a $4.8 billion stake in Haldiram’s, one of India’s leading snack and confectionery companies. The consortium’s bid underscores the growing interest of international investors in India’s vibrant consumer goods sector.

Haldiram’s, renowned for its extensive range of traditional Indian snacks, has been a staple in the country’s food industry for decades. Founded in 1937, the company has expanded its presence both domestically and internationally, becoming a prominent name in the global Indian snack market. The potential deal would provide a substantial boost to Haldiram’s expansion efforts and enhance its capabilities in reaching new markets.

The move comes at a time when the Indian consumer goods market is experiencing robust growth, driven by increasing disposable incomes and changing consumer preferences. Foreign investments in India’s food and beverage sector have been on the rise, with global players seeking to tap into the country’s large and diverse consumer base. The bid reflects a broader trend of international funds targeting high-growth sectors within India, which offers significant opportunities for long-term growth.

The Blackstone-ADIA consortium’s interest in Haldiram’s highlights the company’s strong market position and growth potential. Haldiram’s, with its established brand and extensive distribution network, represents a valuable asset for investors looking to capitalize on the expanding food and beverage market in India. The acquisition would also provide Blackstone and ADIA with a foothold in a sector that has shown resilience and adaptability amid global economic uncertainties.

The bidding process for Haldiram’s is competitive, with several other international and domestic entities also vying for a stake. The outcome of this bid could set a precedent for future investments in the Indian consumer goods sector, showcasing the growing confidence of global investors in the country’s economic prospects.

Blackstone, a leading global investment firm, and ADIA, one of the world’s largest sovereign wealth funds, bring substantial financial expertise and strategic vision to the table. Their joint bid signifies a serious commitment to supporting Haldiram’s growth trajectory and expanding its global reach. The involvement of these heavyweight investors could also drive further investment interest in India’s food sector, fostering a more dynamic and competitive market environment.

As the bid unfolds, stakeholders are closely watching how the potential deal might reshape the competitive landscape of the Indian snack industry. The outcome will likely influence future investment strategies in similar high-growth sectors within the country. The strategic partnership between Blackstone and ADIA is poised to play a crucial role in shaping the future of Haldiram’s and the broader Indian consumer goods market.

The collaboration between Blackstone and ADIA in bidding for a significant stake in Haldiram’s underscores the growing international interest in India’s expanding consumer sector. This development highlights the potential for substantial growth and transformation within the Indian food and beverage market, driven by high-profile global investors.

UAE’s ADIA Takes Stake in Akums Drugs

Abu Dhabi Investment Authority (ADIA) has announced a significant investment in Akums Drugs and Pharma, a major player in India’s pharmaceutical industry. The transaction, valued at approximately $400 million, marks a strategic move by ADIA to expand its footprint in the burgeoning Indian healthcare sector.

Akums Drugs, based in Haridwar, is renowned for its wide range of generic medications and its substantial manufacturing capacity. The company has been a key supplier for both domestic and international markets, contributing to its steady growth and reputation for quality.

The investment by ADIA is expected to bolster Akums Drugs’ capabilities, enabling it to enhance its production facilities and expand its research and development (R&D) initiatives. This infusion of capital comes at a time when the pharmaceutical sector in India is experiencing a surge in demand, driven by both local needs and international export opportunities.

Analysts view ADIA’s investment as a strategic alignment with its long-term vision of diversifying its portfolio into high-growth markets. The move is also seen as a reflection of growing global interest in India’s pharmaceutical industry, which has been gaining momentum due to its robust regulatory environment and the increasing prevalence of chronic diseases requiring innovative treatment options.

Akums Drugs, founded in 1983, has established itself as a leading manufacturer with a comprehensive product line spanning various therapeutic areas, including cardiovascular, gastrointestinal, and dermatological medications. The company’s focus on quality control and regulatory compliance has positioned it favorably in the competitive landscape of the pharmaceutical industry.

ADIA’s involvement is anticipated to accelerate Akums Drugs’ expansion plans. The investment will support the company’s efforts to enhance its R&D capabilities, which are crucial for developing new drugs and staying ahead in a competitive market. Additionally, the funds will be directed towards upgrading manufacturing technologies and increasing production efficiency.

The partnership between ADIA and Akums Drugs underscores a broader trend of increased foreign investment in India’s healthcare sector. International investors are drawn to India’s growing market potential, driven by a large patient population, an increasing middle class, and government initiatives aimed at boosting healthcare infrastructure.

In the context of global pharmaceutical investments, India’s market offers promising opportunities due to its substantial base of skilled professionals and a well-established regulatory framework. The country’s pharmaceutical industry is poised for further growth, fueled by advancements in drug development and a rising demand for affordable healthcare solutions.

This investment aligns with ADIA’s strategic focus on investing in high-potential sectors across emerging markets. By supporting companies like Akums Drugs, ADIA is positioning itself to capitalize on the expanding opportunities within the Indian pharmaceutical industry.

As the global healthcare landscape evolves, strategic investments such as this are likely to shape the future dynamics of the pharmaceutical sector. ADIA’s commitment to Akums Drugs highlights the ongoing transformation in investment strategies, reflecting a growing confidence in the potential of India’s pharmaceutical industry.

Ample room remains to foster Viet Nam-India agricultural cooperation

HANOI, VIETNAM – Media OutReach Newswire – 30 July 2024 – Viet Nam and India have considerable agricultural development, with similar agricultural, forestry and fishery export figures, over US$50 billion annually. However, agricultural trade between the two nations remains low, achieving less than US$2 billion annually, indicating ample growth space. The state visit of the Vietnamese Prime Minister to India from July 30 to August 1, 2024 […]

Bay of Lights Reinforces Commitment to Job Creation and Community Development Through International Strategic Partnerships

SIHANOUKVILLE, CAMBODIA – Media OutReach Newswire – 30 July 2024 – The Bay of Lights, a groundbreaking $16 billion USD coastal township development project, is rapidly transforming the coastline of Sihanoukville. In the course of six months, this ambitious project has made significant strides, driven by strategic partnerships with prominent international entities. These collaborations are not only propelling job creation but also fostering the socio-economic fabric of […]