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Dubai has cemented its position as the world’s leading hub for foreign direct investments (FDI) focused on establishing new ventures. According to the latest data from the Financial Times’ fDi Markets report, Dubai secured the top spot for attracting greenfield FDI projects in 2023, marking an impressive three-year winning streak. This achievement highlights Dubai’s continuous efforts to foster a business-friendly environment and its strategic initiatives to solidify […]

Simple, affordable, and powerful infrastructure solution makes AI more accessible for enterprises SINGAPORE – Media OutReach Newswire – 15 May 2024 – NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced NetApp AIPod with Lenovo ThinkSystem servers for NVIDIA OVX, a converged infrastructure optimized for the generative AI era. NetApp and Lenovo have had a strong partnership for over five years and are now taking the […]

Dubai’s global trade enabler, DP World, has solidified its commitment to fostering dialogue within the Arab media landscape by joining the 22nd edition of the Arab Media Forum (AMF) as a strategic partner. The forum, organized by the Dubai Press Club (DPC), is a prominent platform that convenes leading journalists, policymakers, and influencers from across the region and the world. This announcement reinforces the longstanding collaboration between […]

The Wisconsin State Investment Board (WSIB) made waves in the financial world today after it disclosed the purchase of $99 million worth of shares in BlackRock’s iShares Bitcoin Trust ETF. This move marks a significant development, as it represents one of the first major forays by a government-run investment board into the world of cryptocurrency. The WSIB, which oversees the investments of Wisconsin’s public pension funds, has […]

Hong Kong’s fledgling Bitcoin and Ethereum exchange-traded funds (ETFs) witnessed a significant setback this week, with record net outflows exceeding $39 million on Monday alone. This substantial withdrawal effectively erased any gains accumulated over the past two weeks. The outflows encompassed all six currently available crypto ETFs in Hong Kong, signifying a broad-based investor retreat from the market. The reasons behind this sudden shift in sentiment remain […]

Former finance executive with Alibaba, Amazon, and Credit Suisse named MoneyHero’s permanent CFO SINGAPORE – Media OutReach Newswire – 14 May 2024 – MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a market-leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced the appointment of Hao Qian as the Company’s new permanent Chief Financial Officer (“CFO”), effective immediately. Reporting directly to […]

Representatives of the global diamond industry, including government officials, civil society organizations, and industry leaders, convened in Dubai this week for the Kimberley Process (KP) Intersessional meeting. The focus of the meeting is to address ongoing challenges within the diamond trade and strengthen the Kimberley Process Certification Scheme (KPCS), an international mechanism established to prevent conflict diamonds from entering the legitimate market. The United Arab Emirates (UAE) […]

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By Saifur Rahman Emirates Group that includes the world’s largest international passenger carrier Emirates Airline and its ground handling and ticketing arm Dubai National Air Travel Agency (Dnata) reported a 71 percent jump in net profits exceeding Dh18.7 billion (US$5.1 billion) in 2023-24 financial year ending March 31 2024, compared to Dh11 billion (US$3 billion) recorded the previous year. This is a new profit record for Emirates […]

SINGAPORE – Media OutReach Newswire – 13 May 2024 – Social Infrastructure UXLINK has initiated its Season 1 airdrop campaign titled “IN UXLINK WE TRUST” in early May, targeting a community of 550,000 contributors. More than 50% of the campaign has already been fulfilled. Participating in the campaign involves minting an airdrop voucher, known as the UXLINK NFT, which guarantees an airdrop of the native token $UXLINK, […]

SINGAPORE – Media OutReach Newswire – 13 May 2024 – UXLINK, a revolutionary Web3 and social infrastructure platform, today announced its partnership with OKX Web3 Wallet, with the aim of launching a comprehensive marketing campaign. The campaign, set to launch on 10th May 2024, will offer eligible users exclusive access to UXLINK NFT whitelist benefits that are tied to $UXLINK token airdrops. This unique partnership will also […]

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution in the United Arab Emirates, has announced a strategic move to expand its banking activities by actively supporting small and medium-sized enterprises (SMEs). This initiative signifies ADIB’s commitment to fostering the growth of the domestic economy by empowering a vital sector that drives innovation and job creation. The bank’s support for SMEs will likely encompass a variety […]

TAIPEI, TAIWAN – Media OutReach Newswire – 13 May 2024 – A pivotal water trade show in Asia, Taiwan International Water Week, known as TIWW, is set to take place at the Taipei World Trade Center, Hall 1, from September 11th to 13th, 2024. TIWW encompasses the full range of products and technologies from the upstream to downstream of the water supply chain. This year it focuses […]

Currency risk is emerging as a prominent concern for investors, garnering increased attention as currency volatility continues to disrupt investment returns. The recent fluctuations in the yen against the dollar serve as a stark example of the challenges posed by currency movements in today’s global financial landscape. Over the past month alone, the yen has experienced dramatic swings against the dollar, causing significant disruptions for investors with […]

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 […]

Arabian Post Staff – A rising Chinese hotel brand, Ji Hotels, is poised to make its mark on the Gulf region with its first properties planned for Dubai and Saudi Arabia. This move signifies China’s growing ambition to establish a foothold in the lucrative Gulf tourism sector, currently dominated by established international chains. Ji Hotels, established in 2010, has carved a niche in China’s mid-scale hotel market, […]

The recent summit held in Kuwait has ignited a wave of optimism regarding the potential for a more unified and influential Arab economic bloc. Kuwaiti Finance Minister Abdulwahab Al-Faouri hailed the summit as a “crucial step” towards achieving this objective. The summit, which brought together finance ministers from across the Arab world, served as a platform to discuss and formulate strategies for bolstering economic cooperation amongst member […]

HANOI, VIETNAM – Media OutReach Newswire – 8 May 2024 – For the first time in Vietnam, the international exhibition specializing in stationery will be held under the name International Exhibition for Smart Office Solutions, Office Equipment and Stationery (VietOffice 2024). This is an event organised by VINEXAD – Vietnam’s leading exhibition organizer in collaboration with Vietnam Office Machinery Association (VOMA), from May 22nd to May 24th, […]

The Monetary Policy Committee of the Bank Negara Malaysia (BNM) will meet on 8 – 9 May to decide on monetary policy. Octa’s experts expect the interest rate to remain at 3.00%. Read for more details. Bank Negara Malaysia will likely keep the overnight policy interest rate stable at 3.00% at the next monetary policy meeting on 8 – 9 May. Investors’ expectations for the tight U.S. […]

Arabian Post Staff – The International Monetary Fund (IMF) recently designated Singapore as Asia’s wealthiest nation by GDP per capita, reclaiming the title it held for several years before Dubai’s meteoric rise. This shift has reignited discussions surrounding the two economic powerhouses and their unique approaches to growth. Singapore, a tiny island nation with a population of roughly 5. 7 million, has long been lauded for its […]

SYDNEY, AUSTRALIA – Media OutReach Newswire – 10 May 2024 – SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced the recent appointment of Sukhdeep Singh as the head of channel sales for Asia-Pacific and Japan (APJ). Singh is responsible for developing the region’s SolarWinds channel business and strategic partner alliances, spearheading the company’s ongoing channel strategy to further enhance […]

Moldova has expressed keen interest in attracting investments from the United Arab Emirates (UAE), particularly in infrastructure and renewable energy sectors. This eagerness was conveyed by Tatiana Ivanicichina, the Deputy Governor of Moldova’s National Bank, during a recent visit to Abu Dhabi. Ivanicichina highlighted Moldova’s potential as an investment destination, emphasizing its strategic location and a business environment conducive to foreign investment. Moldova, nestled between Romania and […]

SINGAPORE – Media OutReach Newswire – 9 May 2024 – UXLINK, the leading social infrastructure platform, and Binance Web3 Wallet, the top-tier cryptocurrency wallet, are thrilled to announce their collaborative marketing campaign aimed at accelerating growth within Web3. This initiative rewards participants with 20,000,000 UXUY points, through the innovative UXLINK Social Protocol. In today’s rapidly evolving Web3 landscape, fostering social interactions and community engagement has become increasingly […]

The Dubai Culture and Arts Authority (Dubai Culture) shone a spotlight on the emirate’s rich heritage at the recently concluded Arabian Travel Market (ATM) 2024. Held at the Dubai World Trade Centre from May 6th to 9th, the event provided a significant platform for Dubai to showcase its cultural treasures alongside its well-known modern marvels. Dubai Culture’s participation aimed to boost cultural tourism in the city and […]

The Red Sea witnessed a surge in international cooperation this week as the Egyptian Navy joined Saudi Arabia in the “Red Wave 7” joint military exercise. The multi-day event, hosted by the Royal Saudi Naval Forces at King Faisal Naval Base, brings together various branches of the Saudi military alongside naval units from Jordan, Egypt, Djibouti, and Yemen. This year’s iteration of Red Wave aims to bolster […]

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