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LONDON, UK – Media OutReach Newswire – 29 May 2024 – Money20/20, the world’s leading fintech show, and the place where money does business, unveils its dynamic agenda for its upcoming Europe show in Amsterdam, 4-6 June, which explores the salient theme of “Signal Vs Noise.” Following this theme, the agenda will not only explore the finnovations being driven by emerging technologies – but decipher between what […]

Blockchain company Ripple injected another $25 million into FairShake, a political action committee (PAC) backing pro-crypto candidates in the U. S. This donation doubles Ripple’s contribution to FairShake, making them the group’s biggest donor by a wide margin. FairShake, a super PAC that can raise and spend unlimited amounts of money on political campaigns, has now secured over $110 million from cryptocurrency industry giants. This influx of […]

Three Eight Six Holdings Ltd. , a leading renewable energy developer in the Middle East and North Africa (MENA) region, has joined forces with B. Grimm Power PCL, a prominent Thailand-based electricity producer, in a strategic alliance designed to revolutionize the renewable energy landscape across the Gulf Cooperation Council (GCC) countries. This collaboration brings together Three Eight Six Holdings’ extensive expertise in developing and financing renewable energy […]

Energy industry leaders from around the world have converged in Abu Dhabi for a crucial conference focused on oil and gas pipeline technologies. The conference, which kicked off this week, serves as a platform for industry experts to delve into the latest advancements in pipeline infrastructure, operational efficiency, and sustainability practices. The gathering in Abu Dhabi comes at a time when the global energy sector is navigating […]

Re-engineering towards a Resilient, Adaptive and Sustainable Supply Chain SINGAPORE – Media OutReach Newswire – 28 May 2024 – The Asia-Pacific region stands as the cornerstone of global textile and garment manufacturing. As the industry navigates the rapidly evolving landscape, the inaugural Asia-Pacific Textile and Apparel Supply Chain Expo & Summit (APTEXPO 2024) is poised to be a catalyst to help the stakeholders thrive and overcome the […]

The future is looking bright for seventeen innovative companies led by women entrepreneurs. These ventures graduated from the Investment Readiness Acceleration Programme, a collaborative effort between the Ministry of Economy and the European Women’s Association (EWA). Launched earlier this year, the program aimed to empower female-founded startups by equipping them with the tools and knowledge to secure investment and propel their businesses forward. A highly selective process […]

Elon Musk’s artificial intelligence (AI) venture, xAI, has secured a staggering $6 billion in a Series B funding round, signaling a significant escalation in the competition within the field. This hefty investment, announced on May 26th, positions xAI as a major challenger to OpenAI, a research non-profit Musk co-founded in 2015 but later left due to concerns about the potential dangers of unfettered AI development. The funding […]

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The Normie project team, reeling from a recent exploit, has come to a surprising agreement with the responsible party. In a move that prioritizes user compensation, the team has accepted the exploiter’s offer to return 90% of the stolen Ethereum (ETH). This decision comes after a critical vulnerability in the Normie token protocol allowed unauthorized access to a significant amount of ETH. The exploit sent shockwaves through […]

A joint venture led by Oman’s ARA Petroleum has been awarded a 25-year development license for the Ntorya Gas Field, the largest onshore gas reserve in Tanzania. The announcement, made by ARA Petroleum on behalf of the Ruvuma joint venture (Ruvuma JV), marks a significant step towards bolstering Tanzania’s domestic gas supplies. ARA Petroleum, a subsidiary of Oman’s Zubair Corporation, established the Ruvuma JV in 2014. The […]

A recent cybersecurity discovery has exposed a critical vulnerability in India’s data security. A researcher identified an unsecured database containing a massive trove of biometric information, including fingerprints, facial scans, and other sensitive details, belonging to millions of Indian citizens. The exposed data, estimated at a staggering 500GB, reportedly originated from two Indian firms, ThoughtGreen Technologies and Timing Technologies, both of which provide application development and biometric […]

In a significant step towards a world free from hunger and poverty, delegates from the G20 major economies reached a consensus on the framework for a new Global Alliance Against Hunger and Poverty. The agreement, reached on May 24th at the closing meeting of the Task Force to Fight Hunger and Poverty in Teresina, Brazil, marks a major milestone in the fight against global hunger. The alliance, […]

Trend Micro reveals most security bosses are pressured to soften their language HONG KONG SAR – Media OutReach Newswire – 21 May 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today revealed that four-fifths (79%) of global cybersecurity leaders have felt boardroom pressure to downplay the severity of cyber risks facing their organisation. To read more on Trend’s latest research, please visit: […]

A new survey by MoneySmart finds that 46% of Hong Kong and Singaporean adults are actively trying to go against their parents’ bad financial habits. The new study looked at how parents’ behaviours shape financial habits in later life, finding that those whose parents tended to overspend, shop impulsively or struggle with debt, were likely to do the same as adults. Over half (54%) of Hong Kong […]

NEW YORK, US – Media OutReach Newswire – 24 May 2024 – CBiGroup, a Fintech Group based in the U.S., has secured $15 million in Series A funding. Alpol Capital Family Office, known for its investments in new technologies, led the funding round. The funds will enhance R&D, focusing on new technologies to improve products and drive innovation, according to Jiangtao Sun, founder of CBiGroup. Founded in […]

Hong Kong’s burgeoning cryptocurrency industry faces a setback as major exchange OKX announced its withdrawal from the market. The decision, effective May 31, 2024, comes after OKX opted to forgo its application for a Virtual Asset Service Provider (VASP) license – a key regulatory requirement for operating in the region. OKX’s announcement underscores the evolving regulatory landscape for cryptocurrency exchanges in Hong Kong. In 2023, the city […]

The 2024 International Exhibition for National Security and Resilience (ISNR) concluded in Abu Dhabi on May 23rd, marking the end of two days of intensive discussions on critical security challenges. Organized for the first time by the Ministry of Interior, Rabdan Academy, and ADNEC Group, the conference brought together leading decision-makers, security experts, and officials to delve into pressing issues in national security, policing, and crisis management. […]

Debuted in Beijing, China in 2014, Formula E will race in Shanghai for the first time Committed to doing more for the environment, Formula E and DHL will use sustainable aviation fuel for all freight from Berlin race to Shanghai race, reducing carbon emissions by at least 80%, compared to kerosene DHL has been delivering logistical support to Formula E since its inception and is celebrating Formula […]

Series of solutions and initiatives to be released throughout 2024 HONG KONG SAR – Media OutReach Newswire – 23 May 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today unveiled its plans for protecting consumers as they increasingly adopt generative AI applications alongside the expected growth in adoption of AI PCs. Designed to address the unique opportunities and risks posed by AI, […]

The Indian government’s cybersecurity agency, CERT-In (Indian Computer Emergency Response Team), has issued a critical warning to Google Chrome users, urging them to update their browsers immediately. The alert highlights several high-severity vulnerabilities that could leave users susceptible to dangerous cyberattacks. These vulnerabilities, if exploited, could grant attackers unauthorized access to user devices. Hackers could potentially steal sensitive information, install malware, or even take complete control of […]

Gen-AI platform made available for international customers and enhanced partnerships announced for enriched eco-system to further support global customers PARIS, FRANCE – Media OutReach Newswire – 23 May 2024 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced its plan to launch its first cloud region in Mexico, and to establish additional data centers in its key markets including Malaysia, the Philippines, Thailand, […]

Shorooq Partners, a prominent venture capital firm in Abu Dhabi, announced the initial closing of their second private credit fund dedicated to financing technology companies in the Middle East and North Africa (MENA) region. This $100 million fund signifies Shorooq Partners’ commitment to fostering the burgeoning tech sector in MENA. The capital secured in this first close will allow Shorooq Partners to provide debt financing to high-growth […]

A Swiss governance, risk, and compliance (GRC) software company, Swiss GRC, has launched a solution designed specifically for organizations in the Middle East and North Africa (MENA) region. This move caters to the unique regulatory landscape and data residency requirements of the region. “We are thrilled to introduce our services to the MENA region, ” said Besfort Kuqi, Co-Founder and CEO of Swiss GRC. “Our solutions are […]

Dubai-based clean energy company Alcazar Energy has secured a significant investment of $490 million for its second renewable energy fund. This fund, known as Alcazar Energy Partners II, represents more than double the amount raised by its predecessor in 2021. The funding will significantly accelerate Alcazar’s development of utility-scale renewable energy projects in emerging markets. The fund’s closing was bolstered by the participation of the US International […]

In a landmark move, cryptocurrency giants Binance and KuCoin have secured registration with India’s Financial Intelligence Unit (FIU), marking the first time the country’s anti-money laundering watchdog has approved offshore crypto entities. This decision signifies a significant shift in India’s stance on the cryptocurrency industry, which previously saw a ban imposed on Binance and KuCoin alongside several other international exchanges. The registration news comes after a period […]

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