Petrofac, a major oil and gas service provider, faces potential disruption to ongoing projects valued at a staggering $6. 6 billion across the Middle East and North Africa (MENA) region. Analysts warn that Algeria and the United Arab Emirates (UAE) could be the most significantly impacted. This development comes amidst a period of uncertainty for Petrofac. The company recently underwent a financial restructuring and continues to grapple […]
Dubai’s real estate market is experiencing a shift as a growing number of new property owners are opting to convert their units into short-term rentals. This trend is driven by several factors, including the potential for higher returns compared to traditional long-term leases and the increased flexibility that short-term rentals offer. The allure of short-term rentals stems from Dubai’s thriving tourism sector. The emirate has become a […]
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 […]
The Global Council for Tolerance and Peace (GCTP) has issued a statement commending international efforts to secure full membership for Palestine in the United Nations. The statement, released on Friday, highlights the council’s belief that granting Palestine a seat at the table would be a significant step towards achieving lasting peace in the region. “The GCTP strongly supports the ongoing endeavors to grant Palestine full membership in […]
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 Emirate of Ras Al Khaimah (RAK) announced plans to chart a new course for its rural areas with the development of a comprehensive master plan. This initiative aims to revitalize these regions, fostering economic growth, enhancing infrastructure, and improving the overall quality of life for residents. The master plan will encompass a wide range of considerations, including land-use strategies, economic development initiatives, housing solutions, transportation advancements, […]
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. […]
Abu Dhabi gears up to host a landmark event in the healthcare sector, the Abu Dhabi Global Healthcare Week (ADGHW), starting next Monday, May 13th. The three-day event will be a focal point for the world’s leading healthcare professionals, researchers, policymakers, and investors. Held at the Abu Dhabi National Exhibition Centre (ADNEC), ADGHW aims to address pressing global health challenges through innovation and investment. This year’s edition […]
MoneyHero study casts a spotlight on personal loan trends in Hong Kong, analysing organic traffic data and applications through the MoneyHero platform that manages approximately 1.4 million monthly unique users. Year-over-year data also revealed an increase in user interest in loans from licensed money lenders, with the proportion of applications for money lender loans versus bank loans growing from 51% in 2022 to 62% in 2023, while […]
M A Hossain South Asian nations, bursting with diversity and contradictions, have long been a captivating subject for global journalism. Yet, despite their increasing importance on the world stage, Western media often miss the mark when it comes to accurately portraying these multifaceted and culturally rich countries. This discrepancy in coverage not only reflects a lack of understanding of the region’s complexities but also raises concerns about […]
A new wave of regional collaboration is surging across industries, aiming to accelerate digital transformation efforts. This unified approach brings together businesses, universities, and government agencies to tackle shared challenges and unlock the full potential of digital technologies. One prime example of this collaborative spirit is the University Startups Initiative Program in the Middle East and North Africa (MENA) region. Launched in 2023, the program fosters partnerships […]
PLANO, TX and MANILA, PHILIPPINES – ACCESSWIRE – 9 May 2024 – Intrusion Inc. (NASDAQ:INTZ), a leader in cyberattack prevention solutions, and Total Information Management Corporation (TIM), a key provider of technology solutions (Data Center services, Cybersecurity, System Integration) in the Philippines, today announced a deal with Orca Cold Chain Solutions, a cutting-edge logistics and supply chain management company. Under the terms of the agreement, TIM will […]
Industry leaders, policymakers, and academics gathered today for the inaugural conference on “Open Markets in Telecommunications:Fostering Innovation and Growth. ” The conference, a global event livestreamed across multiple continents, promises to be a platform for in-depth discussions on the potential benefits and challenges of open markets within the telecommunications sector. Opening remarks by Dr. Alice Wong, CEO of a leading telecommunications technology firm, emphasized the crucial role […]
Al Ansari Financial Services (AFS), a leading financial services provider in the United Arab Emirates, reported a net profit of AED 98. 7 million for the first quarter of 2024 (Q1 2024). This represents a 26% decrease compared to the AED 133 million net profit achieved in Q1 2023. The decline in profitability is attributed to two key factors. AFS underwent a significant branch network expansion during […]
21 Singaporean locals with no prior IT backgrounds will now be assigned to work on GovTech and other projects as Digital Business Analysts for a year to hone their professional competencies SINGAPORE – Media OutReach Newswire – 10 May 2024 – Temus, a digital transformation services firm, commemorates the graduation of 21 trainees from its flagship ‘hire, place and train’ digital career conversion programme, Step IT Up. […]
HONG KONG SAR – Media OutReach Newswire – 10 May 2024 – DFI Retail Group (DFI) and The School of Professional Education and Executive Development of the Hong Kong Polytechnic University (PolyU SPEED), the unit under the College of Professional and Continuing Education of the Hong Kong Polytechnic University (CPCE) have officially entered into a Memorandum of Understanding (MoU) on 9 May 2024. This MoU paves the […]
DUBAI, UAE – Media OutReach Newswire – 10 May 2024 – L7, a leader in Web3 digital asset management and traffic aggregation, is thrilled to announce its participation in Crypto Expo Dubai 2024, scheduled for May 20-21. As a diamond sponsor for the event, L7 is set to play a pivotal role in this premier gathering. Hosted by Hqmena, the event stands as a cornerstone for the […]
The Dubai Electricity and Water Authority (DEWA) is fostering the next generation of sustainability leaders through its proactive Youth Council. Recognizing the crucial role young people play in securing a sustainable future, the council bridges the gap between young minds and environmental initiatives. The DEWA Youth Council actively cultivates a platform for youth engagement in sustainability efforts. By providing young employees with a voice and a platform […]
DEQING, CHINA – Media OutReach Newswire – 10 May 2024 – The 2024 World Brand Moganshan Conference (WBS) kicked off on May 10 in the picturesque town of Moganshan, located in Deqing County, eastern China’s Zhejiang Province, as the country celebrates the 8th China Brand Day. Similar to the annual winter gathering of global leaders and elites in Davos, Switzerland, more than 4,000 participants from renowned companies […]
A giant air purifier, dubbed “Mammoth, ” has begun operations in Iceland, marking a significant step in the fight against climate change. This facility, built by Swiss company Climeworks, boasts the title of the world’s largest direct air capture (DAC) plant, dwarfing its predecessor, Orca, by a factor of ten. DAC technology tackles the issue of climate change at its core – greenhouse gases in the atmosphere. […]
In a landmark move, cryptocurrency giants Binance and KuCoin have secured registration with India’s Financial Intelligence Unit (FIU), marking the first time the country’s anti-money laundering watchdog has approved offshore crypto entities. This decision signifies a significant shift in India’s stance on the cryptocurrency industry, which previously saw a ban imposed on Binance and KuCoin alongside several other international exchanges. The registration news comes after a period […]
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 […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 10 May 2024 – ZF Aftermarket, renowned for its comprehensive systems solutions, unveiled a series of innovation poised to raise the benchmark for the commercial vehicle industry. With its strong legacy in e-mobility and digitalization, ZF Aftermarket launched a much-anticipated suite of products, meticulously developed to meet the stringent requirements of commercial vehicles. “Our latest suite of products underscores […]
