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Hong Kong is ranked 10th – the only other Asian market in the top 10 most connected list Globalization reached a record high, despite pandemic and geopolitical conflict Current level of globalization at only 25 percent, citing large potential to continue growing global flows Evidence points to robust intra-Asia trade flows and intercontinental trade demand between Asia and the West SINGAPORE – Media OutReach Newswire – 13 […]

BlackRock’s iShares Bitcoin Trust (IBIT), launched in February as part of a wave of U.S. spot Bitcoin ETFs, has surpassed a major milestone in its holdings. The fund now manages over 200,000 bitcoins (BTC), reflecting a strong investor appetite for the world’s leading cryptocurrency. This rapid accumulation highlights the growing interest in Bitcoin among institutional investors. BlackRock’s ETF, designed to provide a more traditional investment vehicle for […]

HONG KONG SAR – Media OutReach Newswire – 13 March 2024 – Yeebo (International Holdings) Limited (“Yeebo” or the “Company”, stock code: 259, which together with its subsidiaries is referred to as the “Group”) announces that the Group has entered into the Share Purchase Agreement with Zhejiang Construction Investment Group Company Limited (“Zhejiang Construction Investment”), a state-owned enterprise, through its direct wholly-owned subsidiary, Billion Power Investment Limited. […]

Reddit, the popular online forum known for its vibrant communities and user-driven content, is reportedly gearing up for an initial public offering (IPO) later this year. According to Bloomberg, the company intends to sell 22 million shares, aiming to raise a total of $748 million in capital. This move marks a significant milestone for the platform, which has fostered a passionate and engaged user base since its […]

Bloomberg analysts have significantly dampened their optimism regarding the approval of a spot Ethereum Exchange-Traded Fund (ETF) by May 2024. According to reports, their forecasts have plummeted from a previous range of 60-70% to a mere 30%, reflecting a shift in sentiment towards the regulatory landscape. This news comes amidst a period of heightened anticipation surrounding Ethereum ETFs. Multiple applications from prominent financial institutions, including VanEck, Ark […]

HONG KONG SAR – Media OutReach Newswire – 9 March 2024 – Isola Castle Ltd (Isola Castle) and Vinda International Holdings Limited (Vinda) are pleased to jointly announce that all Pre-Conditions relating to the voluntary conditional cash offer (Offer) to acquire Vinda’s Shares have been satisfied and the Offer is open for shareholders’ acceptance. Isola Castle is a special purpose vehicle indirectly wholly-owned by APRIL which is […]

Ben Ashkenazy of Ashkenazy Acquisition, owner of Miami’s Bayside Marketplace, welcomes Pier 5, a new establishment by Breakwater Hospitality Group. This addition is the latest Ashkenazy development, introducing a vibrant venue for dining and nightlife that promises live music, diverse cuisine, and waterfront entertainment. Miami, Florida, United States – March 8, 2024 — Ben Ashkenazy, through his company, Ashkenazy Acquisition Corporation, owner of Miami’s Bayside Marketplace, proudly […]

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The Gulf Cooperation Council (GCC) has reiterated its strong support for Egypt and Sudan in their ongoing water rights dispute with Ethiopia over the Grand Ethiopian Renaissance Dam (GERD). During a joint ministerial meeting held in Riyadh on March 3, 2024, GCC Secretary-General Jasem Al-Budaiwi declared that the water security of Egypt and Sudan is “an integral part of Arab national security.” Al-Budaiwi emphasized the GCC’s opposition […]

FRANKFURT, GERMANY – EQS Newswire – 5 March 2024 – Shareholder Value Beteiligungen AG (ISIN: DE000A168205) and SMT Scharf AG (ISIN: DE000A3DRAE2) announced on 1 March 2024 that some of the shareholders, including Shareholder Value Beteiligungen AG, will transfer their stake in the amount of approx. 52.66% of the share capital of SMT Scharf AG to Yankuang Energy Group Company Limited with its registered office in Shandong […]

Matein Khalid Voltaire’s Dr. Pangloss’s observation that we live in the best of all possible worlds definitely is true for those who held Nvidia (NVDA) into what prove to be another earnings blockbuster and now see the shares rise from 660 the night before D-Day to almost 823 at the Friday close. The problem with NVDA is that it is no longer on Wall Street but has […]

SHENZHEN, CHINA – Media OutReach Newswire – 4 March 2024 – The much-anticipated OnePlus Watch 2, the latest iteration of the OnePlus smartwatch series, is now officially on sale in India, Europe, and North America. Launched at the Mobile World Congress (MWC) on February 26, the OnePlus Watch 2 quickly garnered global attention with its pre-orders opening the same day, leading to unprecedented sales achievements worldwide. Not […]

Nahla Hamad Bin Fahad Almheiri, a prominent Emirati filmmaker, used the platform of Xposure International Photography Festival 2024 to share her inspiring journey of navigating the male-dominated film industry. During a fireside chat titled “Empowering Female Voices,” Almheiri recounted her experiences of shattering the glass ceiling and paving the way for future generations. Almheiri, who holds a degree in Media Marketing and Advertising, revealed that her path […]

First Abu Dhabi Bank (FAB) has announced 50% dividend to its share holders in United Arab Emirates. The FAB has created a huge record by breaking its own estimation of profit in the fourth quarter. The bank has achieved a high level growth in the year 2023. The First Abu Dhabi Bank has been working hard to meet the needs of its customers. In addition, the bank […]

The Abu Dhabi National Oil Company (Adnoc) announced the successful completion of its acquisition of a 24.9% stake in OMV AG, a global energy and chemicals company headquartered in Vienna, Austria. The acquisition, finalized on February 29, 2024, was purchased from Mubadala Investment Company, a sovereign wealth fund based in the United Arab Emirates. This strategic move aligns with Adnoc’s ambitions to expand its footprint in the […]

HONG KONG SAR – Media OutReach Newswire – 29 February 2024 – J-Long Group Limited (Nasdaq: JL) (the “Company” or “J-Long”), today announced that its board of directors has declared a special dividend of an aggregate of US$6,000,000.00 out of the distributable funds of the Company, to be paid to all holders of record as of March 11, 2024, of its outstanding shares of common stock. The […]

Arabian Post Staff Dubai is set to witness its first initial public offering (IPO) of 2024, with Parkin, the emirate’s Roads and Transport Authority (RTA) parking division, taking center stage. This move follows the successful privatization initiatives of Dubai, where government entities like Salik (toll roads) and Dubai Taxi witnessed significant investor interest and oversubscription during their respective IPOs in 2022. Parkin’s IPO, slated to begin accepting […]

Matein Khalid Nvidia’s epic rise from 150 in Jan-2023 to 726 now is historic in Silicon Valley. Yet it is no exaggeration to state that the entire fate of the Mag-7, the chip sector or even Nas-100 now depends on what Jensen Huang reports and guides on Wednesday. Nvidia (NVDA) shares are just not positioned for any hint of a disappointment in revenue or EPS growth. While revenues are […]

Global banking giant Standard Chartered has revised its income target downwards and introduced a substantial $1 billion share buyback program. The strategic move aims to enhance shareholder value and address financial performance challenges. The decision comes amidst dynamic market conditions and evolving economic landscapes. Standard Chartered, a key player in the financial industry, disclosed its adjusted revenue target following a comprehensive review of its financial outlook. The […]

MIYAZAKI, JAPAN – Media OutReach Newswire – 22 February 2024 – From the 24th to the 25th of this month in 2024, Miyazaki Prefecture will be the stage for a riveting international competition, featuring intense matchups among the Fukuoka SoftBank Hawks, Taiwan’s Rakuten Monkeys, and the Orix Buffaloes. Renowned for its wealth of natural resources, geographical splendor, and a culinary scene that reflects its rich culture, Miyazaki […]

Saudi Arabia is currently exploring the establishment of a regulatory framework for follow-on share offerings (FSOs). Authorities are deliberating the implementation of guidelines that would govern the process of companies issuing additional shares after an initial public offering (IPO). The move comes as part of the country’s ongoing efforts to enhance and streamline its financial market operations. The potential regulatory framework aims to provide a structured and […]

Renowned investor Cathie Wood’s ARK Invest, established in 2014, manages 14 ETFs, gaining prominence for groundbreaking investment approaches. ARK Invest, initiated with funding from Bill Hwang of Carchegos Capital, distinguishes itself by offering a diverse range of ETFs centered on pioneering and disruptive technologies. The firm’s notable success lies in its strategic investments, particularly in companies like Tesla and NVIDIA. Despite its triumphs, ARK Invest has encountered […]

In a surprising turn of events, a prominent cryptocurrency influencer has shared what she claims to be the inaugural photograph of Sam Bankman-Fried socializing with his fellow inmates. The image, circulated on various social media platforms, has sparked curiosity and raised questions about the circumstances surrounding the well-known figure’s recent activities. The photo depicts Bankman-Fried in a casual setting, engaged in conversation with other individuals, all seemingly […]

Matein Khalid “Be careful what you wish for. You may just get it”. This is an apt metaphor for the SEC’s approval of ETF launches by Wall Street’s best and brightest (biggest/meanest) fund houses from BlackRock to Fidelity, Invesco to WisdomTree. It does not surprise me that Bitcoin fell from $47,000 to $42,600 now because buy on the rumour, sell on the news is a recurrent theme […]

SINGAPORE – Media OutReach Newswire – 7 February 2024 – Singapore-Founded Fintech ROSHI published an in-depth analysis detailing what types of individuals relied on personal lending services to handle financial pressures over 2023’s high inflation environment. By analysing 1st party application data on the profile features and product usage behaviours of the many residents who turned to ROSHI for personal loans to bridge income shortfalls last year, […]

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