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Arabian Post Staff Anghami Inc,  the music streaming platform and service in the Middle East and North Africa, and Vistas Media Acquisition Company Inc., a publicly traded special purpose acquisition company led by CEO F. Jacob Cherian and co-founders Saurabh Gupta and Abhayanand Singh, announced they have sought regulatory approval for their proposed business combination. The business combination is subject to customary closing conditions, including the approval […]

Safety & Shipping Review 2021: 49 large ships lost worldwide last year. Total losses down 50% over 10 years. Number of shipping incidents (2,703) declines year-on-year. Shipping industry remains resilient through pandemic, but mega-ship, supply chain and climate challenges loom large. Suez Canal incident shows ever-increasing vessel sizes continue to pose a disproportionately large risk with costly groundings and salvage operations. High number of fires and containers […]

HONG KONG SAR – Media OutReach –  30 July 2021 – Discovery Bay launches a new “FUNtastic DB Guide” tailored for summer explorers who want to dive deep into the destination. One can also spending rewards while unwinding in Discovery Bay for a total FUNtastic Summer holiday.   Explore Discovery Bay & Experience FUNtastic Summer x Keigo Family Photo-Hunt At Discovery Bay, you can show-off your skating […]

James M. Dorsey The United States and Iran seem to be hardening their positions in advance of a resumption of negotiations to revive a 2015 international nuclear agreement once Iranian President-elect Ebrahim Raisi takes office in early August. Concern among supporters of the agreement to curb Iran’s nuclear program which former US President Donald J. Trump abandoned in 2018 may be premature but do raise questions about […]

HONG KONG SAR – Media OutReach – 30 July 2021 – Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) is extending its coverage in Latin America by opening an office in Lima, Peru, increasing the number of countries and territories in its global network to 60. Having commenced operations in July 2021, Kerry Logistics Peru S.A.C. (‘Kerry Logistics Peru’) extends Kerry Logistics Network’s presence in Latin America, boosting […]

James M. Dorsey A recent analysis of Middle Eastern states’ interventionist policies suggests that misguided big power approaches have fueled a vicious cycle of interference and instability over the last decade. Those approaches are abetted, if not encouraged by US and Chinese strategies that are similar, if not essentially the same, just labelled differently. The United States has long opted for regime stability in the Middle East rather than […]

Raytheon is America’s preeminent vendor of advanced aerospace technology products, mission critical for 21st century warfare. Hypersonic missiles, space to space command and control systems, cyber warfare, satellite reconnaissance/surveillance/smart drones and defence electronics. The stock has been a beauty, rising from 55 on Election Day to 89 now even though the Republicans lost the White House. This is the testament to the fact that its product menu […]

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Juan Colón, Darwinex co-founder, announces a key milestone for the asset management Fintech LONDON, UK – Media OutReach – 29 July 2021 – The Fintech, broker and asset management company Darwinex has raised €3 million to pursue its ambitious growth aspirations. Leading investors in the round were Stefan Jaecklin and Pinorena Capital who were joined by Darwinex co-founders and a number of key employees in the company. Pinorena Capital, a fintech-focused investment company […]

SINGAPORE – Media OutReach – 28 July 2021 – Cisco is proud to announce that 14 Cisco women have been listed as finalists of the new-look Women in ICT Awards (WIICTA). The WIICTA awards housed a record-breaking number of submissions this year, in what will be the largest celebration of female excellence within the technology channel across Southeast Asia.   Representing the entire ASEAN ICT industry ecosystem, 160 finalists (150 […]

Despite the recent softer tone for the US dollar, a deterioration in US/China geopolitics and a rise in the delta/lambda variants of coronavirus, gold has been unable to breakout convincingly above the 1800 an ounce on any safe haven buying binge. The only possible conclusion is that Auric is still traumatized by the Federal Reserve’s signal that it will taper its monetary policy on a time table […]

SINGAPORE – Media OutReach – 27 July 2021 – Global eTrade Services (GeTS), a global trade platform company, announced today the launch of CALISTA inventory financing (CIF) – one of the first platforms to be integrated with the Singapore Trade Data Exchange (SGTraDex) to simplify information flows through the global supply chain ecosystem via a shared data stream. SGTraDex is a new exchange recently launched by the Singapore Government […]

Bringing Direct Resort Investment and Enjoyment Deals to Everyday Investors. HONG KONG SAR – Media OutReach – 26 July 2021 – LABS Group, an end-to-end blockchain property investment platform, has successfully raised $3,650,000 for Kunang Kunang Resort. Kunang Kunang Glamping Resort is the world’s first-ever community-owned project fractionalized into Rewarding Timeshare (RTS) NFTs, transforming the way investors build their diversified portfolio, with access to diverse assets, low transaction costs and […]

Airbnb (ABNB) is one of the great investment regrets of my life since I turned down a chance to invest in it a decade ago at a valuation of a mere $1 billion, even though a lady far smarter than me invested $10 million in it and is now a Silicon Valley billionaire from Dubai. ABNB has been a disaster in 2021 since it peaked at 219.94 […]

James Dorsey China may have no short-term interest in contributing to guaranteeing security in parts of a swath of land stretching from Central Asia to the East coast of Africa, but that does not prevent the People’s Republic from preparing for a time when it may wish to build on long-standing political and military relationships in various parts of the world to project power and maintain an […]

After an epic fall in 2020-2021 due the coronavirus shock and the subsequent explosion in the Federal Reserve’s balance sheet to its current $8.2 trillion, the US dollar has made a counter cyclical move to 93 on its trade weighted index (DXY). The catalyst for this move are massive Japanese purchase of long duration US Treasury bonds, Chinese central bank intervention to arrest the rise of the […]

The desire to reset or improve one’s life serves as a primary driving force behind recent wellness trends. The challenges posed by the occurrences since 2020 – from various environmental disasters to the global pandemic – have opened people’s eyes to the importance of truly taking care of their health. This is why spa services have become even more popular. Besides helping to enhance one’s appearance, these […]

HANOI, VIETNAM – Media OutReach – 22 July 2021 – On July 12, the Government of Vietnam issued Resolution No. 73/NQ-CP allowing T&T Group to purchase Sputnik V vaccines from the Russian Federation without using funds from the State budget or Vietnam’s COVID-19 Vaccine Fund. The Government’s resolution stated that, at the request of the vaccine manufacturer, the Government agreed to a proposal from the Ministry of […]

Selected partners recognized for their commitment toward customer success with NetApp solutions and for driving revenue growth in cloud, FlexPod, AI, data protection and backup as a service SINGAPORE – Media OutReach – 19 July 2021 – NetApp (NASDAQ: NTAP), a global cloud-led, data-centric software company, today announced the winners of its annual Asia-Pacific (APAC) Partner Excellence Awards. Presented during this year’s virtual NetApp Partner Summit, these […]

The Asia Pacific 1st global newswire continues to increase its guarantee online news posting on leading news sites for its clients HONG KONG SAR – Media OutReach – 15 July 2021 – Media OutReach, the first global newswire founded in Hong Kong in 2009, today announces an exclusive content partnership with Macau Business – a leading English online news site in Macau. The partnership grants Media OutReach […]

HONG KONG SAR – Media OutReach – 14 July 2021 – Senior executives from more than 150 local and mainland businesses joined an online forum jointly organized by the Consulate General of the United Arab Emirates (UAE) in Hong Kong and the Chinese General Chamber of Commerce (CGCC) on 12th July to learn and explore business opportunities in the UAE, which has Hong Kong and mainland China […]

As I have a natural obsession with global edtechs in both the pre-IPO capital markets and Nasdaq, I believe a tactical trade opportunity is in sight in Coursera (COUR), down from its post IPO high of 62.50. COUR now trades at $5.26 billion market cap or 13.8X its revenue guidance for 2021. There is no doubt that the pandemic has only accelerated a global trend towards online […]

by James M. Dorsey Personality as well as the conflation of genuine national interest with personal ambition contribute to the widening gap between Saudi Arabia and the United Arab Emirates. It was only a matter of time before Saudi Crown Prince Mohammed bin Salman would want to come out on his own and no longer be seen as the protégé of his erstwhile mentor and Emirati counterpart, […]

PORT LOUIS, MAURITIUS – EQS Newswire – 9 July 2021 – The Mauritius Commercial Bank Ltd (MCB) (www.MCB.mu) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant growth in its Commodity Trade Finance (CTF) business. TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles not only Transactional Commodity Finance but Borrowing Base […]

HONG KONG SAR – Media OutReach – 9 July 2021 – Today, IX Asia Indexes Company Limited announced the 2nd quarter review of the ixCrypto Index (“IXCI”). This is the first crypto benchmark index launched in Hong Kong. There are three constituents’ additions and no deletion. The number of the constituent cryptos will increase from 8 to 11 after the changes. The additions are as follows: Additions: […]

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