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SINGAPORE – Media OutReach – July 21, 2020 – Senoko Energy, one of Singapore’s largest and most established energy companies, today launched a pilot project to introduce peer-to-peer (P2P) trading of renewable energy in collaboration with Singapore’s foremost energy innovation company, ELECTRIFY, and ENGIE Factory, the venture arm of French multinational electric utility company, ENGIE.   Sponsored by ENGIE Factory, the initiative will enable Singapore households and […]

Arabian Post Staff Dubai is ranked sixth, ahead of India, in the top ten medical tourism destinations by the the International Healthcare Research Center (IHRC) in 2020-2021 Medical Tourism Index (MTI). The top ten destinations: Canada, Singapore, Japan, Spain, United Kingdom, Dubai, Costa Rica, Israel, Abu Dhabi, and India. The MTI ranks the American perceptions of 46 international healthcare destinations providing insight into how consumers view 41 […]

New version of its blockchain platform supports demand generation, sustainability and compliance for manufacturers and jewellery retailers, also announces its new bridge funding through the UK government’s Future Fund and Tencent.   LONDON, UK – Media OutReach – 15 July 2020 – As the diamond industry adapts to the disruption of the COVID-19 pandemic, Everledger has launched of a new version of the Everledger Platform, with additional features that match […]

Over 200 countries can send and receive money via Vodacom’s Tanzania M-Pesa. The mobile Money services continues to drive economic growth and financial inclusion in Africa. Dar es Salaam, Tanzania – EQS Newswire – 7 July 2020 – Tanzania’s leading mobile money service provider – Vodacom M-Pesa – has announced the expansion of its International Money Transfer service portfolio. Vodacom customers will now have the option and ability to easily […]

Cross-Sector Endeavour Continues to Cultivate Corporate Social Responsibility   HONG KONG, CHINA – Media OutReach – 6 July 2020 – Citigroup Inc. (NYSE: C) – The Citi-HKCSS Community Intern Program (CIP) is celebrating its 10th year of providing internship opportunities for local university business students at local non-profit organizations (NGOs). Since its launch in 2010, nearly 700 interns have been nurtured through the program.   Co-organized by Citi and the Hong Kong […]

SINGAPORE – Media OutReach – 6 July 2020 – Union Bank of the Philippines (UnionBank) recently hosted a digital fireside chat on “Transformational Regulatory Change to Accelerate Innovation” with the Philippine Central Bank Governor Dr. Benjamin Diokno and Monetary Authority of Singapore (MAS) Chief FinTech Officer Sopnendu Mohanty, moderated by UnionBank Vice-Chairman Dr. Justo A. Ortiz.   The special hour-long discussion touched on various topics including open banking, the National ID […]

Middle East and North Africa (MENA) construction sector is expected to be bit by the triple whammy of lower oil production, low oil prices and contracting non-oil sectors. Data and analytics company GlobalData has further cut its construction output growth forecast for the region for 2020 to -2.4%, down from the previous forecast of 1.4%, in light of continued spread of COVID-19. Amid the worsening situation with regards […]

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HONG KONG, CHINA – Media OutReach – 3 July 2020 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884) is pleased to announce that in June 2020, the Group achieved the contracted sales of RMB25.13 billion, representing a YoY increase of approximately 12% (compared to June 2019). Contracted GFA amounted to approximately 1,555,600 sq.m.. Contracted ASP was approximately RMB16,200/sq.m. in June 2020.   For […]

HONG KONG, CHINA – Media OutReach – 25 June 2020 – The impact of the COVID-19 pandemic is pummelling the local economy deeper into recession. With the unemployment rate hitting a 15-year high, many grass-roots citizens have seen their income significantly reduced, which is profoundly affecting their livelihoods. This year in the approach to Tuen Ng Festival, Chinachem Group (the Group) is co-operating with the Foodlink Foundation to distribute 2,500 […]

78% of respondents in Singapore believe that insurance plays a significant role in creating and preserving wealth   SINGAPORE – Media OutReach – 24 June 2020 – AIA together with EY today launched a new report providing new insights into High-Net-Worth Individuals (HNWIs), in the context of their views and adoption of insurance solutions. The report identifies specific challenges faced by HNWI’s and explores how insurance solutions can help […]

JOHANNESBURG, SOUTH AFRICA – EQS Newswire – 24 June 2020 – As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it. Earlier this month, the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) described the low oil prices caused by the pandemic as a “golden opportunity” for governments to phase-out fossil fuel […]

DP World, with a global network of 123 business units in 54 countries, has announced the completion of its acquisition of a 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine. This follows satisfaction of specific conditions including confirmation of regulatory approval from the relevant government authorities. This project will be DP World’s second partnership with TIS shareholders, the first being our very successful […]

by James M. Dorsey The Middle East is at a crossroads. The coronavirus pandemic and its economic fallout confronts regional leaders with a stark choice: dial down tensions to open the door toward cooperation in tackling existential challenges or risk ever more aggravated political and economic threats enhanced by a potential wave of social protest. A second wave of the coronavirus pandemic is raising its ugly head. […]

HONG KONG, CHINA – Media OutReach – 10 June 2020 – Black Spade Capital Limited (“Black Spade Capital“), a family office managing the private investments of Mr. Lawrence Ho, Chairman and Chief Executive of Melco International Development Limited, has announced it has invested and held shares in My Platform, a medical IT services platform.   Founded in Hong Kong as a start-up, My Platform was launched as a brand-new medical management […]

Arabian Post Staff Global solutions integrator AGC Networks announced that it will be acquiring Fujisoft (along with its associated companies in UAE) through its indirect subsidiary – Black Box Holdings Limited Cayman Islands. The proposed acquisition is subject to approval from the Department of Economic Development in Dubai and from Abu Dhabi Department of Economic Development for the company in Abu Dhabi. The acquisition of Fujisoft will substantially increase and strengthen […]

Emirates Airline reported a 21 percent jump in profit to US$288 million (Dh1.1 billion) in 2019-2020 financial year ending March 31, 2020, compared to $245 million (Dh900 million) reported in 2018-19 financial year, despite the effects of Covid-19 that grounded its fleet in the 12th month of the reporting period. The airline reported strong profit growth despite a 6 percent decline in revenue to $25.1 billion (Dh92 billion), […]

By James M. Dorsey A decision by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers like Russia to temporarily end a price war and cut production amounts to a time-out rather than an end to what is likely to erupt at some point in the future as a tripartite war. More immediately, the decision averts a significant deterioration in relations between the United States and […]

The sight of a Roulette wheel is something that pretty much all gamblers cannot help but get at least a little excited by. Sometimes when gambling you want to flex your tactical muscles, like in a heated game of Poker, for example, but other times you simply want to throw a ball around a wheel and watch it spin… For these times Roulette is undeniably the best […]

By Matein Khalid The US dollar is the traditional safe haven currency during times of geopolitical or financial stress even when the cause of a risk aversion spasm is ultimately American, such as the failure of Lehman Brothers in 2008, Obama’s epic budget battles with the Republicans in 2011 and the Trump White House’s drone hit on Iran’s most revered Revolutionary Guard commander on 3 January 2020. […]

In the past, gambling was seen as something ‘other’. It was something that only the rich would and could do, and unless you had a huge fortune then gambling was always a mistake – it would lead to big financial problems and potentially ruin your life.  Thankfully, a lot has changed since this idea was first circulated. Today, gambling at Barbados – as long as you are […]

By Matein Khalid I had published an article expressing my shock at the abysmal corporate governance and financial disclosure at NMC Healthcare, the London listed UAE’s largest private operator of healthcare clinics and hospitals. NMC Healthcare shares were at 1816 pence on the LSE when I published my article in the Gulf and UK financial press on 30 December 2019. NMC Healthcare has now plunged to 775 […]

Arabian Post Staff Dubai-based DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions, including regulatory approval. Bringing the TIS Container Terminal into DP World’s global network of ports, economic zones, warehousing, and inland logistics solutions will strengthen its position as the market-leading terminal of Ukraine. This latest acquisition also […]

This might just be the most rock and roll slot game of them all, as the Guns N’ Roses slot is officially licensed by one of the greatest rock bands of all time. As such, members of the iconic band, Guns N’ Roses, feature in this entertaining slot game from NetEnt. Plenty of bonus features and, as you would probably expect, a great soundtrack, make this a […]

Casino enthusiasts may make a bunch of mistakes on the inside of a casino, ones which they will probably pick up as they progress but people never mention the mistakes that can occur even before you step a foot inside of the casino. These are rookie mistakes at 666casino.com and usually the smallest crimes committed by first time casino goers. So to save you the embarrassment and […]

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