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The new Tiq CashSaver endowment plan offers comprehensive protection and flexibility, with a low minimum monthly savings amount to encourage the good habit of regular saving. SINGAPORE – Media OutReach Newswire – 30 May 2024 – Etiqa Insurance Singapore, a leading life and general insurer announced the launch of Tiq CashSaver, a new capital-guaranteed endowment plan tailored to address the evolving financial needs and challenges faced by […]

LONDON, UK – Media OutReach Newswire – 29 May 2024 – Money20/20, the world’s leading fintech show, and the place where money does business, unveils its dynamic agenda for its upcoming Europe show in Amsterdam, 4-6 June, which explores the salient theme of “Signal Vs Noise.” Following this theme, the agenda will not only explore the finnovations being driven by emerging technologies – but decipher between what […]

Blockchain company Ripple injected another $25 million into FairShake, a political action committee (PAC) backing pro-crypto candidates in the U. S. This donation doubles Ripple’s contribution to FairShake, making them the group’s biggest donor by a wide margin. FairShake, a super PAC that can raise and spend unlimited amounts of money on political campaigns, has now secured over $110 million from cryptocurrency industry giants. This influx of […]

Austrians travelled like never before in 2023, according to a report by Statistics Austria. The report revealed that a record-breaking 27. 01 million holiday trips were taken by residents in the year, marking a significant increase of more than a quarter compared to 2019. This surge in travel comes after a period of restrictions due to the COVID-19 pandemic, highlighting a strong rebound in the Austrian tourism […]

While equities have historically been the bedrock of investment portfolios, and continue to be so, seeking out new opportunities is becoming ever more attractive, especially among the wealthy. Indeed, family offices now have 46% of their total portfolio in alternative investments, according to the latest JPMorgan Private Bank Global Family Office Report. The allure of alternative investments lies in their ability to provide diversification benefits that go […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 28 May 2024 – Kenanga Investment Bank Berhad (“Kenanga” or “Kenanga Group” or “the Group“) today announced its financial results for the first quarter ended on 31 March 2024 (“1Q24“). Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad The Group reported an increase in revenue to RM204.2 million and growth in profit before tax (“PBT“) to […]

Japanese financial services giant Nomura Holdings and its digital asset subsidiary, Laser Digital, are joining forces with GMO Internet Group to delve into the issuance of stablecoins pegged to both the Japanese yen (JPY) and the United States dollar (USD) within Japan. This collaborative effort signifies a growing interest in stablecoin technology from established financial institutions in the Asian nation. The announcement, made on May 27, 2024, […]

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The future is looking bright for seventeen innovative companies led by women entrepreneurs. These ventures graduated from the Investment Readiness Acceleration Programme, a collaborative effort between the Ministry of Economy and the European Women’s Association (EWA). Launched earlier this year, the program aimed to empower female-founded startups by equipping them with the tools and knowledge to secure investment and propel their businesses forward. A highly selective process […]

Elon Musk’s artificial intelligence (AI) venture, xAI, has secured a staggering $6 billion in a Series B funding round, signaling a significant escalation in the competition within the field. This hefty investment, announced on May 26th, positions xAI as a major challenger to OpenAI, a research non-profit Musk co-founded in 2015 but later left due to concerns about the potential dangers of unfettered AI development. The funding […]

Startups and Entrepreneurship in Saudi Arabia a Dynamic Ecosystem Saudi Arabia is fleetly arising as a seedbed for startups and entrepreneurship. With a immature population, visionary leadership, and ambitious plans under Vision 2030, the Kingdom is transubstantiating its frugality from an oil painting-dependent model to a diversified, innovative hustler. This blog explores the vibrant incipiency ecosystem in Saudi Arabia, highlights the part of freight forwarding and logistics […]

Buckle up, wanderlust-stricken Americans!The summer travel season is poised for takeoff, with Airlines for America (A4A), the industry’s trade group, predicting a record-breaking surge in passenger numbers. They anticipate a whopping 271 million travelers taking to the skies between June 1 and August 31, a significant 6. 3% increase compared to last summer’s bustling season. This surpasses the previous record of 255 million passengers set in 2023. […]

A joint venture led by Oman’s ARA Petroleum has been awarded a 25-year development license for the Ntorya Gas Field, the largest onshore gas reserve in Tanzania. The announcement, made by ARA Petroleum on behalf of the Ruvuma joint venture (Ruvuma JV), marks a significant step towards bolstering Tanzania’s domestic gas supplies. ARA Petroleum, a subsidiary of Oman’s Zubair Corporation, established the Ruvuma JV in 2014. The […]

India’s ambitions to export its crown jewel, the BrahMos supersonic cruise missile, have been thrown into uncertainty following allegations of a security breach. The controversy centers on BrahMos Aerospace, a joint venture between India’s Defense Research and Development Organisation (DRDO) and Russia’s NPO Mashinostroyeniya. A recent report by Indian publication Firstpost alleged that a high-ranking former official deliberately leaked sensitive information about the missile. The allegations, if […]

The Sharjah Chamber of Commerce and Industry (SCCI), spearheaded by the Sharjah Exports Development Centre (SEDC), recently concluded a fruitful trade mission to India. The five-day visit, aimed at bolstering economic ties between the two regions, saw delegates from Sharjah engage in productive discussions with their Indian counterparts in New Delhi and Mumbai. The mission, which wrapped up in mid-May 2024, facilitated a significant number of business […]

In a move that underscores the growing economic ties between the United Arab Emirates (UAE) and the United States, Abdullah bin Touq Al Marri, the UAE’s Minister of Economy, met with New York City Mayor Eric Adams on the sidelines of an official visit to the U. S. The central theme of the discussion revolved around fostering stronger economic collaboration across various sectors of mutual interest. The […]

NEW YORK, USA – Media OutReach Newswire – 24 May 2024 – Recently, ZUHYX, a leading global crypto asset exchange, announced a $200 million investment fund for venture investments and innovation incubation in the Web3 domain. This fund will support startups focused on increasing crypto adoption, emphasizing project incubation, early-stage development, and later-stage growth, thereby promoting the widespread adoption of blockchain technology and cryptocurrencies. “We aim to […]

Matein Khalid The April jobs number and now the April CPI has reinforced convictions that inflation will continue to come down and thus the capital markets price two Fed rate cuts by year end. The 10-year US Treasury note yield has dropped to 4.40% though the 2-year note is still at 4.82%, making this yield curve inversion protracted even as retail sales slip and consumer credit metrics […]

Saudi Arabia’s Export-Import Bank (Saudi EXIM Bank) inked two significant agreements with prominent Japanese financial institutions, SMBC Business Banking and MUFG Bank, during the Saudi-Japan Vision 2030 Business Forum held in Tokyo. This collaboration aims to bolster cooperation and open doors for co-financing ventures, ultimately propelling Saudi non-oil exports into target markets. The agreements were signed by Eng. Saad bin Abdulaziz Al-Khalab, CEO of Saudi EXIM Bank, […]

The United Arab Emirates and Oman significantly bolstered their digital infrastructure connectivity with the inauguration of a new electronic link project. The initiative, championed by UAE President Sheikh Khalifa bin Zayed Al Nahyan and Oman Sultan Qaboos bin Said al Said, establishes a robust digital bridge between the two nations. This enhanced connectivity is anticipated to foster economic growth, streamline government services, and cultivate closer cultural ties. […]

Italian shipbuilding leader Fincantieri SPA has announced the establishment of a subsidiary in Saudi Arabia, marking a significant step towards bolstering the kingdom’s maritime industry and aligning with its ambitious Vision 2030 development plan. This strategic move comes on the heels of Fincantieri’s recent joint venture with the UAE’s EDGE Group, solidifying the company’s commitment to expanding its footprint in the Middle East. Fincantieri Arabia, the newly […]

Gen-AI platform made available for international customers and enhanced partnerships announced for enriched eco-system to further support global customers PARIS, FRANCE – Media OutReach Newswire – 23 May 2024 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced its plan to launch its first cloud region in Mexico, and to establish additional data centers in its key markets including Malaysia, the Philippines, Thailand, […]

Shorooq Partners, a prominent venture capital firm in Abu Dhabi, announced the initial closing of their second private credit fund dedicated to financing technology companies in the Middle East and North Africa (MENA) region. This $100 million fund signifies Shorooq Partners’ commitment to fostering the burgeoning tech sector in MENA. The capital secured in this first close will allow Shorooq Partners to provide debt financing to high-growth […]

Babu88 stands out as a premier choice for online casino and sports betting enthusiasts in Bangladesh. What sets Babu88 apart is its impressive range of gaming options, catering to both novices and seasoned players. The platform boasts a user-friendly interface, making it easy for users to navigate through various casino games and sports betting markets. One of the standout features of Babu88 is its mobile application, which […]

2023 sustainability report communicates progress across key priority areas, focused on creating a positive impact in host countries and throughout the diamond value chain HONG KONG SAR – Media OutReach Newswire – 22 May 2024 – De Beers Group recently announced the progress towards its ‘Building Forever’ sustainability goals, with key highlights including achieving a target to engage 5,000 women and girls in STEM (science, technology, engineering […]

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