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The transaction is completed via American Anthracite SPV I, LLC, a controlled entity under BUMA International. The acquisition enhances Delta Dunia Group’s geographic and revenue diversification, aligning with its strategic growth objectives. ACG represents a value-accretive acquisition expected to boost the Group’s revenue, backed by secured long-term contracts with key customers. The acquisition fosters collaboration among ACG, BUMA, and the Group’s other businesses, enhancing safety and mining […]

COLORADO, USA – Media OutReach Newswire – 21 June 2024 – PTOUNX Exchange recently announced enhanced compliance measures, strengthening its position in secure and compliant cryptocurrency trading. These initiatives reflect its commitment to meeting international standards and leading the secure development of the cryptocurrency market. PTOUNX offers a safer, transparent, and trustworthy trading environment, establishing itself as a model of integrity in this dynamic industry. PTOUNX adheres […]

South Korean frontrunner in recycled carbon black, LD Carbon, has secured $28 million in a Series C funding round. The investment, led by Toyota’s growth arm Woven Capital, will propel LD Carbon’s mission of scaling up production of eco-friendly carbon black and pyrolysis oil derived from recycled tires and end-of-life vehicles. This significant funding round reflects growing recognition of LD Carbon’s innovative approach to a critical material […]

The resort’s esteemed property and hotel management teams have garnered an impressive 14 “Travel + Leisure” 2024 Asia Pacific Luxury Awards MACAU SAR – Media OutReach Newswire – 14 June 2024 – Galaxy Macau™ (“Galaxy Macau”) is proud to announce that it has received multiple accolades at the prestigious Travel + Leisure Luxury Awards Asia Pacific 2024. Various luxury hospitality brands under Galaxy Macau, including Galaxy Macau, […]

PHNOM PENH, CAMBODIA – Media OutReach Newswire – 12 June 2024 – Under the entrepreneurial leadership of Chairman Neak Oknha Chen Zhi, Prince Holding Group has been honored at the World Business Outlook Awards 2024. Chairman Chen Zhi has won the “Entrepreneur of the Year in Cambodia” award for the second consecutive year, reaffirming his commitment to innovative leadership and the Group’s expansive business ventures. Chairman Chen […]

Dubai-based property technology (PropTech) company Stake has secured $14 million in a Series A funding round. The investment, led by Middle East Venture Partners (MEVP), a prominent UAE venture capital firm, signifies growing confidence in the future of fractional real estate ownership facilitated by digital platforms. Stake’s funding round attracted a diverse group of investors. Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi, participated alongside […]

Delta Dunia Group has entered into a Stock Purchase Agreement (SPA) to acquire the Atlantic Carbon Group (ACG), one of the largest American anthracite producers operating four ultra- high-grade anthracite (UHG anthracite) mines in Pennsylvania. The transaction is the Group’s first strategic move to expand into mine ownership and strengthen its portfolio by diversifying into future-facing commodities. The transaction is supported by the Group’s strong cash position […]

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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 […]

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 […]

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 […]

Ripple’s XRP token has been a source of debate within the cryptocurrency community. While some dismiss it entirely, others advocate for holding despite its shortcomings. Here’s a closer look at the reasons behind this seemingly contradictory stance. Potential for Disruption Despite the challenges, XRP holds the potential to disrupt the cross-border payments landscape. If Ripple overcomes regulatory hurdles and secures key partnerships with financial institutions, XRP could […]

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 […]

The International Monetary Fund (IMF) announced a significant agreement with Tanzania on Friday, May 17th, 2024. The agreement provides the East African nation with a much-needed financial boost of $790 million to bolster its resilience against the growing challenges of climate change. This concessional financing, provided under the IMF’s recently established Resilience and Sustainability Facility (RSF), signifies a critical step towards supporting Tanzania’s efforts to adapt to […]

SINGAPORE – Media OutReach Newswire – 13 May 2024 – UXLINK, the leading Web3 social infrastructure, has just unveiled a significant milestone in its journey with a new round of funding, arriving in under three months from its previous round. Spearheaded by SevenX Ventures, INCE Capital, and HashKey Capital, this round attracted multiple investors, consolidating UXLINK’s position as an industry frontrunner. Surpassing the $5 million mark, this […]

Abdulmunem Alsayed Mohammed Alhashmi has been re-elected President of the Ju-Jitsu Asian Union (JJAU) for another term. The announcement came during the JJAU’s General Assembly meeting held on May 4, 2024, in Abu Dhabi, UAE, coinciding with the ongoing 8th Asian Jiu-Jitsu Championship. Alhashmi’s re-election, achieved by acclamation, signifies the continued support he enjoys within the Asian Ju-Jitsu community. This second term allows him to build upon […]

LIVERPOOL, UK – Media OutReach Newswire – 30 April 2024 – 2018: AXA signed as LFC’s Official Insurance Partner 2019: AXA becomes principal partner and the club’s Official Training Kit Partner 2020: Secures naming rights for AXA Training Centre 2023: Secures naming rights for AXA Melwood Training Centre and becomes Official Global Training Partner Liverpool FC and Official Global Training Partner AXA have agreed to a five-year […]

Arabian Post Special Dubai Holding, the investment arm of Dubai’s ruler, has made a strategic move by refinancing a hefty US$8.2 billion loan. This debt consolidation replaced older facilities held by Nakheel and Meydan, two state-backed developers that were absorbed by Dubai Holding last month. This financial maneuver carries significant implications for the financial health of both the conglomerate and the wider Dubai landscape. Understanding the context […]

In a move that strengthens coffers but raises eyebrows, FIFA, the international governing body of football, announced a major sponsorship deal with Saudi Arabian oil company Aramco. The multi-year agreement, finalized on April 25th, 2024, grants Aramco exclusive sponsorship rights within the energy category for upcoming FIFA tournaments. This includes the highly anticipated FIFA World Cup 2026, co-hosted by the United States, Canada, and Mexico, and the […]

The Department of Finance for the emirate of Abu Dhabi (DoF) announced a successful issuance of US$5 billion worth of treasuries. The bonds were divided across three tranches, catering to a range of investor preferences. This move signals Abu Dhabi’s continued ability to tap into global capital markets and raise funds for its strategic development goals. The issuance comes amidst a backdrop of rising oil prices, which […]

HONG KONG SAR – Media OutReach Newswire – 16 April 2024 – The Chinese University of Hong Kong (CUHK) continues to solidify its position as a global leader in research and academic excellence. The latest QS World University Rankings by Subject 2024 released on 10 April have reaffirmed CUHK’s stellar reputation. Eight CUHK subjects have secured the top position in Hong Kong, and 19* subjects rank among […]

HONG KONG SAR – Media OutReach Newswire – 10 April 2024 – On the path to recovery, Vietnam’s seafood exports reached nearly USD 2 billion in the first quarter of 2024, increasing 8 percent year on year, during which the US, Japan and China were the largest buyers, according to Vietnam Association of Seafood Exporters and Producers (VASEP). The country is forecasted to earn USD 9.5 billion […]

Abu Dhabi’s Sanad, a leader in aerospace engineering and leasing solutions, has secured a significant boost to its business with a five-year contract extension valued at $145 million (AED532 million) with South Korea’s Asiana Airlines. This renewed partnership strengthens Sanad’s position as a major player in the global Maintenance, Repair, and Overhaul (MRO) industry. The agreement focuses on the upkeep of the V2500 engines, a workhorse of […]

Proxima Fusion, a Munich-based company and the first spin-off from the prestigious Max Planck Institute for Plasma Physics (IPP), has secured $21.7 million in seed funding. This influx of capital will propel the company’s development of a novel approach to nuclear fusion energy, utilizing a device known as a stellarator. Nuclear fusion, the process that powers stars, promises a near-limitless source of clean energy. By replicating the […]

QatarEnergy, the world’s leading LNG producer, has signed a significant agreement with Qatar Gas Transport Company (Nakilat) to bolster its shipping capacity. The deal involves time charter agreements (TCPs) for 25 new liquefied natural gas (LNG) vessels, significantly amplifying Qatar’s ability to deliver clean energy across the globe. The signing ceremony, held at QatarEnergy’s headquarters in Doha, solidified the partnership between the two Qatari giants. Saad Sherida […]

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