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Arlo becomes the exclusive worldwide provider of Origin’s AI Verified Human PresenceTM detection technology to be integrated into new innovative security solutions SINGAPORE – Media OutReach Newswire – 15 January 2025 – Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, recently announced a strategic partnership agreement with Origin AI, pioneers in AI SensingTM technology. Sharing a common mission to protect customers through advanced AI-powered […]

A Landmark Achievement Following HKbitEX VATP License Approval HONG KONG SAR – Media OutReach Newswire – 15 January 2025 – Pioneer Asset Management Limited (“Pioneer“), a subsidiary of Tykhe Capital Group Limited (the “Group” or “Tykhe Capital“), a leading Real-World Asset (RWA) and Security Token Offering (STO) innovator in the APAC region, announces the launch of Hong Kong’s first tokenized USD money market fund (TMF Token) (the […]

HONG KONG SAR – Media OutReach Newswire – 15 January 2025 – As technology rapidly evolves, the number and complexity of cyberattacks have increased significantly. To enhance the response capabilities of its cybersecurity team in addressing various threats, DYXnet, a leading enterprise network service provider in Greater China, organized the “DYXnet Cyber Defense Exercise Competition 2025” yesterday (January 14), marking the company’s first cross-regional simulated attack and […]

SINGAPORE / BARCELONA, SPAIN – Media OutReach Newswire – 16 January 2025 – CDNetworks, the APAC-leading network to deliver edge as a service, will present its latest gaming solutions at ICE 2025 in Barcelona, Spain on 20th – 22nd January. At the event, the company will demonstrate how its advanced solution enables game providers to deliver seamless, secure, and high-performance gaming experiences on a global scale. The […]

The Trump administration is preparing a comprehensive plan to implement stricter oil sanctions against Russia and impose additional economic pressure on Iran. This move comes as part of a broader strategy to curb both nations’ geopolitical influence, especially in global oil markets and energy security. Senior U.S. officials have outlined a series of measures aimed at restricting Russia’s ability to profit from its oil exports and penalizing […]

HONG KONG SAR – Media OutReach Newswire – 17 January 2025 – Habitat Property, Hong Kong’s award-winning specialist in unique luxury properties, is thrilled to announce the details of its latest project, ‘Stanley House Project’. After more than four years of careful planning, ‘Stanley House Project’ is now ready for construction. Victoria Allan, Founder and Managing Director of Habitat Property, has secured permits and approvals, sparing buyers […]

The United Arab Emirates’ state-owned energy firm, Masdar, has entered the Philippine renewable energy market by signing a $15 billion agreement to develop solar, wind, and battery energy storage systems. This initiative aims to deliver up to 1 gigawatt (GW) of clean power by 2030, with plans to scale up to 10 GW by 2035. Philippine Energy Secretary Raphael Lotilla described the partnership as a transformative step […]

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By Nitya Chakraborty The announcement on Gaza between Israel and Hamas just five days before the inauguration of Donald Trump as the President of USA on January 20 has baffled many leaders of the peace movement as also left liberal political analysts as to how to properly assess the policies of this hard far right […]

AD Ports Group, a leading player in the global ports and logistics sector, has announced a major investment of $30 million in the construction of a greenfield grain terminal in Kazakhstan. The total investment for the project is expected to exceed $50 million, with the remaining funding being sourced from local partners and stakeholders. The grain terminal, to be developed in two phases, is strategically located in […]

A groundbreaking project is set to revolutionize energy transmission as the UAE, Italy, and Albania unite to build a $1 billion undersea cable that will connect the three nations. This ambitious infrastructure initiative, touted as one of the most significant energy projects in the region, aims to enhance energy security, boost renewable energy integration, and strengthen ties between Europe and the Middle East.

The proposed undersea cable will span the Mediterranean, linking Albania’s grid to Italy’s energy system, with an additional link to the UAE. Once completed, the cable is expected to facilitate the efficient transfer of electricity, particularly renewable energy generated from solar and wind sources in the UAE and Albania. The project is a bold step toward reducing carbon emissions and advancing the global energy transition.

This collaborative effort is backed by significant political and economic support, with each country bringing unique advantages to the table. The UAE’s vast solar energy resources and its commitment to sustainable energy development are pivotal in this venture. Italy, with its advanced energy infrastructure and strategic location in the Mediterranean, serves as a critical hub for energy distribution in Europe. Albania, although not traditionally known for its energy exports, is set to play a crucial role in the renewable energy supply chain, utilizing its untapped potential for hydropower and wind energy generation.

The undersea cable will have the capacity to carry up to 1,000 megawatts of electricity, marking a significant milestone in renewable energy integration. The project aims to address the growing demand for clean energy in Europe while providing the UAE with a reliable market for its abundant solar power. Additionally, the cable will serve as a crucial link in the Mediterranean’s evolving energy landscape, enabling cross-border electricity exchange and fostering greater energy cooperation between nations.

The strategic importance of this initiative cannot be overstated. For the UAE, it represents an opportunity to diversify its energy export markets and reduce its reliance on traditional fossil fuel exports. The undersea cable will allow the UAE to leverage its renewable energy potential, particularly solar power, which has seen substantial growth in recent years. This will also help the country meet its sustainability goals and contribute to global efforts to combat climate change.

Italy, on the other hand, stands to benefit from enhanced energy security and the opportunity to access cleaner energy sources. With the European Union’s ambitious climate targets in mind, the undersea cable provides Italy with a reliable avenue to meet its renewable energy quotas while reducing carbon emissions. The cable also complements Italy’s existing efforts to integrate renewable energy into its grid and reduce dependence on fossil fuels.

Albania, while facing challenges in modernizing its energy infrastructure, offers considerable potential as a renewable energy producer. The country boasts a diverse range of renewable energy resources, including hydropower, solar, and wind energy, which can be harnessed for export to neighboring nations. By joining this project, Albania stands to benefit from increased investments in its energy sector, as well as improved grid connectivity that can stimulate economic growth and job creation.

The undersea cable project is expected to be completed by 2028, with construction set to begin in the coming years. The cable will be laid along the Mediterranean seabed, with specialized vessels and teams working to ensure the project’s success. The engineering challenges associated with such an ambitious undertaking are significant, requiring advanced technology and meticulous planning. However, the potential benefits of the project are enormous, with experts predicting a transformative impact on regional energy markets.

The alliance between the UAE, Italy, and Albania reflects a broader trend of increasing cooperation on global energy challenges. With a shared commitment to reducing carbon emissions and promoting sustainable energy solutions, the countries are setting an example for future international collaborations. By combining their unique strengths, they are forging a path toward a greener and more interconnected energy future.

The project holds significant implications for the broader geopolitical landscape. As energy interconnections grow in importance, countries are increasingly looking to build robust, sustainable, and resilient energy networks that can withstand the challenges posed by climate change and geopolitical tensions. The undersea cable is a testament to the growing recognition that collaboration is key to addressing the world’s energy needs, as no single nation can solve these challenges alone.

This project is also part of a broader strategy to diversify the energy mix in Europe and the Middle East, regions that have traditionally relied heavily on fossil fuels. By connecting these regions through advanced infrastructure like the undersea cable, the project will help to diversify energy sources and increase resilience to energy supply disruptions.

Abu Dhabi’s Emirates Nuclear Energy Corporation (ENEC) is strategically expanding its footprint in the global nuclear power industry, aiming to become a significant player in energy markets beyond the UAE. The initiative comes at a time when the world is focusing on achieving carbon-neutral goals and ensuring sustainable energy solutions. ENEC’s pursuit of global growth underscores the UAE’s ambition to diversify its energy sources and establish itself as a leader in clean energy technologies.

ENEC, founded in 2009, has made considerable strides in the UAE’s nuclear power sector, with the Barakah Nuclear Energy Plant being the centerpiece of its operations. The plant, located in the Al Dhafra region, is the first nuclear power plant in the Arab world, with four reactors now operational. The successful implementation of Barakah has positioned ENEC as a model for nuclear energy projects in the Middle East and has given it the confidence to pursue expansion into international markets.

One of the key drivers behind ENEC’s global ambitions is its desire to capitalize on growing global demand for low-carbon energy solutions. As countries strive to meet their climate goals, there is an increasing emphasis on nuclear energy as a reliable and scalable option for reducing greenhouse gas emissions. The International Atomic Energy Agency (IAEA) has reported a steady rise in interest in nuclear power projects worldwide, especially in Asia and Europe, where governments are pushing for clean energy investments.

The UAE’s commitment to carbon neutrality by 2050 has propelled ENEC’s expansion plans. Nuclear energy, which is free from carbon emissions during its generation phase, aligns with the country’s goal of reducing reliance on fossil fuels. By expanding its nuclear operations globally, ENEC is not only seeking to help other nations achieve their climate objectives but also to strengthen the UAE’s geopolitical standing as a leader in energy innovation.

ENEC’s global ambitions are supported by the robust technological expertise it has developed over the years. The company has already partnered with international firms and organizations to develop state-of-the-art nuclear power technologies. One of the most notable partnerships is with Korea Electric Power Corporation (KEPCO), which has provided engineering and design expertise for the Barakah plant. This collaboration has enhanced ENEC’s capacity to build and operate nuclear power plants efficiently, making the company well-positioned to expand its presence abroad.

ENEC’s strategy to pursue international nuclear energy ventures is multifaceted. The company is looking at countries with high energy demands and those committed to reducing their carbon footprints. In particular, ENEC is eyeing markets in Asia, Europe, and parts of Africa, where energy infrastructure is rapidly developing, and nuclear power is seen as a critical part of the energy mix.

In Asia, where the demand for electricity continues to grow, nuclear power is gaining traction as a solution to meet the surging energy needs while curbing emissions. Countries like India, China, and South Korea are already investing heavily in nuclear energy projects, and ENEC’s experience and expertise make it an attractive partner for these nations. Additionally, ENEC has expressed interest in the potential of expanding its influence in Eastern Europe, where countries such as Ukraine and Poland are looking to diversify their energy sources in the face of rising energy security concerns.

ENEC’s drive for global expansion is not limited to providing nuclear plants; the company is also looking to position itself as a comprehensive energy services provider. This includes offering nuclear safety consultancy, training services for operating nuclear plants, and contributing to the development of nuclear infrastructure in emerging economies. ENEC’s efforts to enhance its global standing go hand in hand with its long-term commitment to developing nuclear energy that adheres to the highest international safety standards.

While ENEC’s expansion plans are ambitious, they come with challenges. Nuclear energy, while growing in demand, still faces significant scrutiny due to concerns about safety, waste management, and the long-term environmental impact. Despite the rigorous safety standards that ENEC follows, including compliance with the highest regulatory protocols from the UAE’s nuclear authorities, the company will need to work proactively to address public concerns about nuclear energy’s potential risks. Furthermore, the costs associated with nuclear power plants, including construction, decommissioning, and waste disposal, remain high, which could be a deterrent for some countries exploring nuclear options.

Nevertheless, ENEC’s management believes that the long-term benefits of nuclear power far outweigh these concerns. By promoting nuclear energy as a key component of a diversified energy strategy, ENEC hopes to help countries reduce their reliance on fossil fuels, stabilize energy prices, and enhance energy security. Nuclear power, with its capacity for reliable, large-scale energy generation, can complement renewable sources like wind and solar, ensuring a balanced energy grid that is capable of meeting the needs of an evolving global market.

ABBANK accelerates customer-centricity for business owners through platform innovation HANOI, VIETNAM – Media OutReach Newswire – 15 January 2025 – Backbase, the pioneer in Engagement Banking, has announced that its customer, An Binh Commercial Joint Stock Bank (ABBANK), has successfully launched a new business digital banking platform – ABBANK Business, marking a pivotal step in ABBANK’s commitment to supporting all enterprise segments, enhancing customer-centric digital experiences across […]

HONG KONG SAR – Media OutReach Newswire – 14 January 2025 – Around 3,600 policymakers, business leaders, investors and scholars from around the world are attending the 18th Asian Financial Forum (January 13-14) in Hong Kong, the region’s first major finance event in 2025. Themed “Powering the Next Growth Engine”, AFF features high-level discussions, deal-making and networking as well as insights from some 130 elite speakers on […]

HONG KONG SAR – Media OutReach Newswire – 13 January 2025 – Skipton International, a licensed bank in Guernsey and a leading mortgage lender for UK buy-to-let mortgages, has announced the launch of a brand new 3-year mortgage product at a fixed rate starting at 5.89%. Skipton has also announced the reduction in mortgage rates for new customers across its UK buy-to-let fixed rate range with the […]

SINGAPORE – Media OutReach Newswire – 13 January 2025 – Today, Senoko Energy launches a new price plan that provides a fixed discount off the quarterly SP tariff. A first of its kind in the local market, this plan – LifeSteady – is designed to beat quarterly SP tariff fluctuations to deliver guaranteed savings for households. Figure 1: LifeSteady provides fixed discount off quarterly SP tariff “In […]

SINGAPORE – Media OutReach Newswire – 13 January 2025 – Infinity Financial Advisory is pleased to announce the launch of the i-NITIATE® Client App 2.0, an upgraded platform designed to improve the wealth management experience for its clients. This new app provides easy access to your financial data, and insightful content – all while rewarding you for staying engaged. i-NITIATE® Client App 2.0 The i-NITIATE® Client App […]

3 in 5 Grab partners are keen to pursue a Diploma or Degree Grab partners and their loved ones benefit from exclusive admission requirements, and enjoy additional perks including free trial classes to select courses, as well as learning tools such as tablets when they sign up via GrabAcademy Select Diploma programmes are also available in Chinese, making it easier for more partners to upskill themselves without […]

By Dr. Gyan Pathak Prioritizing employment generation and increasing funds for employment guarantee schemes have unquestionably emerged as the top priority during pre-budget consultations of Union Minister of Finance Nirmala Sitharaman for the Union Budget 2025-26, both with the Central Trade Unions (CTUs) and India Inc. The confederation of Indian Industry (CII) urged the Union […]

Harnessing the power of software and hardware security to drive stronger ransomware detection for businesses HONG KONG SAR – Media OutReach Newswire – 10 January 2025 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced a new collaboration with Intel ® (NASDAQ:INTC) designed to help joint enterprise customers protect critical systems from stealthy threats, including fileless malware and advanced ransomware. When Trend’s […]

A consortium led by the Arab Energy Fund (TAEF), formerly known as the Arab Petroleum Investments Corporation (APICORP), has acquired a 100% stake in Metito Utilities, a Dubai-based global investor and operator specializing in sustainable water management solutions. The acquisition, conducted in partnership with Saudi Arabia’s Zamil Group Investment Company and the Ghandour family, aligns with TAEF’s strategic vision to enhance energy security and sustainability by investing […]

The Dubai Civil Aviation Authority (DCAA) has formalized a partnership with Keeta Drones, a Chinese drone technology firm, to enhance the safety and regulation of drone delivery operations across Dubai. This collaboration underscores Dubai’s commitment to positioning itself as a global leader in civil aviation and smart transportation solutions.

The Memorandum of Understanding (MoU) was signed by H.E. Mohammed Abdullah Lengawi, Director General of DCAA, and Dr. Yinian Mao, Chairman of Keeta Drones. The agreement focuses on several key areas: assessing infrastructure requirements for designated drone zones, reviewing airspace needs, and evaluating safety and security measures essential for effective drone delivery operations within the emirate.

H.E. Mohammed Abdullah Lengawi emphasized the significance of this partnership, stating, “This collaboration highlights the DCAA’s dedication to implementing Dubai’s leadership vision by enabling drone-based delivery and offering innovative infrastructure that allows companies to test their solutions within a safe and model environment.” He further noted the authority’s commitment to creating an attractive environment for emerging aviation technologies while ensuring regulatory frameworks that enhance safety and security.

Dr. Yinian Mao expressed optimism about the collaboration, remarking, “With DCAA’s support, Keeta Drones will be able to expedite the expansion of its operations by establishing routes across Dubai, offering more services, and exploring diverse new initiatives.” He assured that Keeta Drones would adhere to the required safety standards and work jointly with the DCAA to transform Dubai into one of the most advanced cities for smart transportation.

The DCAA will provide necessary support to Keeta Drones, including facilitating communication with relevant government entities to expedite the establishment of new drone flight paths and promote the growth of the low-altitude aviation economy in Dubai. This initiative is part of broader efforts to regulate drone operations and associated activities, aiming to develop innovative and secure transport solutions that benefit various societal sectors while supporting the emirate’s sustainable and ambitious development goals.

The collaboration between DCAA and Keeta Drones is expected to play a pivotal role in shaping the future of drone-based delivery services in Dubai. By focusing on safety, security, and regulatory compliance, the partnership aims to set a benchmark for drone operations, potentially influencing global standards in the rapidly evolving drone industry.

As drone technology continues to advance, the integration of such systems into urban environments presents both opportunities and challenges. Dubai’s proactive approach in partnering with industry leaders like Keeta Drones reflects its commitment to embracing innovation while maintaining stringent safety and security protocols.

A first for the polytechnic, this exemption allows learners to free up and reallocate curriculum time. They can choose to use the freed-up periods to attain additional industry professional certifications. SINGAPORE – Media OutReach Newswire – 9 January 2025 – Commencing April 2025, learners who pass O-level Computing and enrol into NYP’s School of IT can apply for an exemption from the Programming Competency Unit (CmU), or […]

By K Raveendran As we enter 2025, the accelerating proliferation of artificial intelligence (AI) is poised to reshape the global landscape in ways akin to the transformational impact the internet had in the late 20th century. Within the first few days of the year, AI-driven technology stocks have seen substantial surges, with shares of major […]

The government of Sharjah has made a strategic decision to transfer a 20% stake in Invest Bank to a sovereign security fund. This transaction signals a pivotal shift in the emirate’s banking sector, with potential implications for the financial landscape. The move underscores Sharjah’s commitment to bolstering its financial stability and growth prospects. Invest Bank, a key player in the UAE’s banking sector, has seen substantial developments […]

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