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Partnership under DHL’s GoGreen Plus service will support UOB’s sustainability commitments in carbon neutrality SINGAPORE – Media OutReach Newswire – 23 July 2024 – DHL Express, the world’s leading international express service provider, and UOB, a leading bank in ASEAN, entered a strategic agreement under DHL’s GoGreen Plus service to co-invest in sustainable aviation fuel (SAF) for UOB’s international parcel deliveries. Through this program, UOB foresees an […]

HONG KONG SAR – Media OutReach Newswire – 23 July 2024 – FTLife Insurance Company Limited (“FTLife”) today announced that it has officially changed its name to Chow Tai Fook Life Insurance Company Limited (“CTF Life”) and revealed its new brand identity. The company also launched the “CTF Life * CIRCLE” membership programme, leveraging the diverse conglomerate of Chow Tai Fook Group (“the Group”) to provide quality […]

BlockFi, the beleaguered cryptocurrency lender, has outlined a comprehensive plan to refund its customers as part of its ongoing bankruptcy proceedings. The plan, submitted to the court, promises a near-total reimbursement for eligible claims following the closure of a major transaction that has significantly bolstered the company’s ability to settle outstanding obligations. According to the plan administrator, a critical deal has been finalized, providing the necessary financial […]

Saudi Arabia’s OTO, a logistics technology firm, has announced plans to expand into the UAE and Turkiye, fueled by a successful Series A funding round totaling SR30 million ($8 million). This latest financing was spearheaded by Sanabil Investments, a fully owned subsidiary of the Public Investment Fund (PIF). The investment also saw contributions from Sadu Capital and Iliad Partners, with Propeller and Soma Capital participating in the […]

Arabian Post Staff -Dubai Emirates President Tim Clark has expressed concerns about the delivery timeline of Boeing’s 777X aircraft, projecting a delay until 2026. This adjustment stems from continuous development challenges and regulatory hurdles faced by Boeing. Clark’s statement, made during a media interaction, highlights the ongoing issues that have plagued the much-anticipated aircraft model. Clark revealed that Boeing’s progress on the 777X has been slower than […]

Saudi Arabia’s Public Investment Fund (PIF) has emerged as the world’s second most influential state-owned investor, according to a 2024 report by Global SWF. This marks a significant milestone for the fund, which has consistently expanded its influence and diversified its portfolio over the years. The PIF, chaired by Crown Prince Mohammed bin Salman, is now managing assets worth approximately SR3.47 trillion, with a substantial portion, SR1.75 […]

BlackRock is intensifying its presence in the Middle East by relocating a key investment strategist to Dubai, underscoring the growing significance of the region in global financial markets. The strategic move is part of BlackRock’s broader initiative to enhance its footprint in the Middle East and capitalize on emerging opportunities in this rapidly evolving market. The relocation of BlackRock’s lead investment strategist to Dubai marks a notable […]

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Arabian Post Staff -Dubai Ray Dalio’s departure from Bridgewater Associates is reportedly impacting the investment firm’s expansion plans in Abu Dhabi. The terms of Dalio’s exit are proving to be a significant factor in the delay of strategic investments in the UAE capital. This development comes as Bridgewater grapples with restructuring its leadership and investment strategy in light of Dalio’s planned departure. Dalio, who founded Bridgewater Associates […]

Flydubai’s ambitious plans to expand its fleet and network are encountering significant delays due to ongoing issues with Boeing’s delivery schedule. The UAE-based airline, which has been actively working to enhance its regional and international presence, now faces potential setbacks in its growth trajectory. The core of the problem lies with Boeing’s production and delivery delays for the 737 MAX aircraft, which are crucial for Flydubai’s expansion […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 22 July 2024 – The U.S. SEC has given preliminary approval to at least three of the eight asset managers planning to launch Ether ETFs, allowing them to start trading on 23 July. This approval depends on the submission of final offering documents. According to Bitwise CIO Matt Hougan, Ether ETFs could have a more significant impact on Ether’s […]

Arabian Post Staff Concerns have escalated about arsenic and lead contamination after recent reports linked these toxic substances to serious health risks. Arsenic, historically dubbed the “king of poisons,” and lead, which is often associated with historical figures like Vincent Van Gogh due to its potential neurotoxic effects, have been found in alarming concentrations in various environments. This has triggered widespread alarm on social media and among […]

Saudi Arabia has announced its largest mineralized belts to date, covering 4,788 square kilometers and introducing five new exploration licenses. This significant development marks a major step in the country’s effort to bolster its mining sector and attract both local and international investments. The newly disclosed mineralized belts encompass a substantial area in the northwestern part of the country. Among these, three permits are designated specifically for […]

Aviation industry leaders, ACI World and Airbus, have announced a significant partnership to accelerate the decarbonization of global aviation. The collaboration aims to support the aviation sector’s commitment to achieving net zero carbon emissions by 2050, aligning with global climate goals. ACI World, representing airports worldwide, has a history of environmental initiatives and has been a key player in reducing aviation-related carbon emissions. Their Airport Carbon Accreditation […]

Bandar Alkhorayaf, Saudi Arabia’s Minister of Mining and Industry, is set to embark on a significant diplomatic tour this week, visiting Brazil and Chile to bolster the Kingdom’s industrial and resource capabilities. This visit underscores Saudi Arabia’s strategic initiative to enhance its mining sector and expand its footprint in the global market for critical resources. During his trip to Brazil, Alkhorayaf will engage with high-ranking officials to […]

HANOI, VIET NAM – Media OutReach Newswire – 22 July 2024 – VinBrain, a leading AI tech start-up in Vietnam, has successfully developed a comprehensive AI ecosystem platform across various sectors. The company today announced record corporate momentum with over 5.4 million medical image scans to date on DrAid™, its flagship platform. VinBrain has delivered innovative AI solutions, including enterprise data insights, cloud platform data labeling pipelines […]

Arabian Post Staff Ganesh Nemade, a prominent Software Architect, is shaping the future of technology through his influential role as a Grand Award Judge at the International Science and Engineering Fair (ISEF) 2024. His participation underscores his significant impact on the tech industry and his dedication to nurturing innovation among the next generation of engineers and scientists. Nemade, with over ten years of experience in the technology […]

Markets experienced a notable shift as President Joe Biden’s decision to withdraw from the 2024 presidential race reverberated through global financial systems. The U.S. dollar fell against major currencies, while Chinese bonds saw a substantial increase in value. Biden’s unexpected announcement to step aside for the upcoming election has led to immediate market reactions. The dollar, which had been gaining strength due to relatively stable U.S. economic […]

Israeli airstrikes have targeted the Yemeni port city of Al Hudaydah in retaliation for a drone attack launched by Houthi rebels. The military response, which occurred on July 21, was confirmed by Israeli officials who cited the need to counter what they described as a significant threat to regional stability. The airstrikes were a direct response to the Houthi rebels’ drone assault, which had struck an Israeli-owned […]

Arabian Post Staff Shawn Henry, the president of cybersecurity firm CrowdStrike, has stirred controversy with his recent testimony, casting new doubts on the integrity of investigations into Russian interference in the 2016 U.S. presidential election. Henry’s statements, given under oath, have prompted scrutiny regarding whether key players, including Special Counsel Robert Mueller and various intelligence officials, may have misled the public about the extent of Russian involvement. […]

Kuwait Oil Company has taken a significant step in its strategic shift towards sustainability by awarding a key advisory contract focused on renewable energy and hydrogen technologies. This move reflects the company’s commitment to diversifying its energy portfolio and aligning with global trends in environmental responsibility. The advisory contract, valued at approximately $20 million, will be led by a consortium of leading energy consultancies specializing in renewables […]

Since 2019, DHL Group’s GoTeach program has benefitted more than 270 young individuals in Cambodia PHNOM PENH, CAMBODIA, – Media OutReach Newswire – 22 July 2024 – DHL, the world’s leading logistics provider, celebrates its five-year partnership with Teach For Cambodia under DHL Group’s GoTeach program. Since 2019, DHL has positively impacted the lives of over 270 young individuals in Cambodia through employability skills enhancement, mentorship, educational […]

A Qatari delegation, including key figures from Qatar Tourism, the Permanent Committee for the Management of Maritime Ports, Mwani, and the General Authority of Customs, has embarked on a significant international mission aimed at enhancing Qatar’s maritime and tourism sectors. The delegation’s recent trip reflects Qatar’s strategic effort to boost its global maritime presence and attract international tourism. The visit involved high-level meetings with major global stakeholders, […]

HONG KONG SAR – Media OutReach Newswire – 22 July 2024 – Co-organised by The D. H. Chen Foundation (“the Foundation”) and Generation Hong Kong (“GenHK”), the co-initiators and growth partners, the Guardians of the Silver Age : Meaningful Ageing and Compassionate Care Summit (“the Summit”) concluded on a high note. Around 130 stakeholders from the healthcare, welfare, education and academic, business and public policy sectors gathered […]

Abu Dhabi’s educational landscape is witnessing a significant transformation with the introduction of the latest edition of the Summer Program by the Abu Dhabi Department of Education and Knowledge (ADEK). This initiative aims to elevate the skills and capabilities of Emirati students, preparing them for future challenges and opportunities in an increasingly competitive world. The revamped Summer Program, launched on July 20, 2024, represents a strategic effort […]

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