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Others / United Arab Emirates

List of 11 unicorn startups in United Arab Emirates (Jul 2024)

‘A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. United Arab Emirates has more than 28.6K+ startups. Of these, 11 have become Unicorns, with the latest entrant to the club being Andalusia Labs on Dec 13, 2023. In 2024, United Arab Emirates has seen […]

Jul 19, 2024

Others / United Arab Emirates

The United Arab Emirates plan a second nuclear power plant

‘The United Arab Emirates, one of the world’s leading oil producers, is seeking to diversify its energy mix by integrating more low-carbon energy sources. After the commercial commissioning of their first nuclear power plant in 2021 , followed by a second reactor in 2022, the government is evaluating the construction of a second facility to […]

Jul 19, 2024

Economics / Singapore

Malaysia says near Singapore deal for special economic zone

‘Malaysia said it’s near a deal with Singapore to develop Southeast Asia’s first cross-border special economic zone, which the countries hope will lure new investment and spur growth.’ “We have gone into some final legwork,” Economy Minister Rafizi Ramli, who is representing Malaysia in bilateral talks with Singapore, said at a briefing in Kuala Lumpur […]

Jul 19, 2024

Economics / Hong Kong

Can a new financing plan get Hong Kong’s cash-strapped West Kowloon arts hub back on track?

‘West Kowloon Cultural District Authority gets green light to sell residential development in arts hub’s second zone to replenish finances’ ‘The authority behind Hong Kong’s premier arts hub has received approval to sell some of its land and topped up its bank facility to HK$5 billion (US$640 million) to avert a potential financial crisis.’ ‘The […]

Jul 19, 2024

Economics / Hong Kong / United States

Hong Kong slams US politicians’ ‘despicable’ call for sanctions on city officials

‘Hong Kong has rebuked a call by US politicians for sanctions against city officials over passing the domestic national security law and convicting more than 40 opposition figures of subversion for their roles in a 2020 unofficial legislative “primary” election.’ ‘A government spokesman said on Thursday night the “sanctions” mentioned in the politicians’ letter “smacked […]

Jul 19, 2024

Economics / Hong Kong

Hong Kong can use ‘panda economy’ to drum up business amid arrival of 2 new bears: minister

‘Tourism minister Kevin Yeung says city officials to also discuss residents renaming pandas, after saying bears already have names’ ‘Hong Kong can promote a “panda economy” with the arrival of a new pair of bears before October, the tourism minister has said, pointing to the catering and retail sectors as among the potential beneficiaries of […]

Jul 19, 2024

Technology / China

Huawei officially opens its 2,600-acre R&D center in Shanghai, will accommodate over 35,000 scientists and engineers

‘Huawei just completed its Shanghai Qingpu project and was given the official name of Huawei Lianqiu Lake R&D Center. EE Times China (via machine translation) says this sprawling facility costs over 10 billion Yuan (almost $1.4 billion) and covers 2,600 acres. The company also constructed over 40,000 offices, which is expected to house 35,000 Huawei […]

Jul 19, 2024

Cryptocurrency Regulations and Trends / Singapore

Singapore’s Largest Bank DBS Is an Ether Whale With Nearly $650M in ETH: Nansen

The addresses supposedly owned by DBS has already made $200 million on its ether holdings, according to Nansen. ‘DBS, the largest bank in Singapore, is an ether (ETH) whale, according to on-chain analytics firm Nansen.’ ‘The blockchain address – 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e – supposedly owned by DBS held 173,753 ETH, worth $647 million at press time. At […]

Jul 19, 2024

Others / Thailand

Thailand announces longer visa stays to boost economy

‘Visa exemption extended to 60 days for nationals of 93 countries/territories, visa on arrival now available for 31 countries/territories, while newly-launched digital nomad visa offers stays up to 180 days.’ Visa Exemption ‘Thailand will grant visa exemption for nationals of 93 countries and territories, up from 57 countries previously. Visitors under this scheme will be allowed […]

Jul 19, 2024

Financial / Technology / Thailand

AI Fund, KXVC partner to develop local AI startups

‘Renowned global artificial intelligence (AI ) pioneer AI Fund has teamed up with KX Venture Capital (KXVC) to develop AI startups and train young people to utilise AI, with the aim of enhancing Thailand’s competitiveness.’ ‘KXVC is the venture capital arm of Kasikorn Business-Technology Group (KBTG).’ ‘Through the partnership, AI Fund and KXVC will collaborate […]

Jul 19, 2024

Latest in Thailand

Others / Thailand

Thailand announces longer visa stays to boost economy

Jul 19, 2024

Financial / Technology / Thailand

AI Fund, KXVC partner to develop local AI startups

Jul 19, 2024

Latest in Singapore

Economics / Singapore

Malaysia says near Singapore deal for special economic zone

Jul 19, 2024

Cryptocurrency Regulations and Trends / Singapore

Singapore’s Largest Bank DBS Is an Ether Whale With Nearly $650M in ETH: Nansen

Jul 19, 2024

Latest in Hong Kong

Economics / Hong Kong

Can a new financing plan get Hong Kong’s cash-strapped West Kowloon arts hub back on track?

Jul 19, 2024

Economics / Hong Kong / United States

Hong Kong slams US politicians’ ‘despicable’ call for sanctions on city officials

Jul 19, 2024

Economics / Hong Kong

Hong Kong can use ‘panda economy’ to drum up business amid arrival of 2 new bears: minister

Jul 19, 2024

Latest in United Arab Emirates

Others / United Arab Emirates

List of 11 unicorn startups in United Arab Emirates (Jul 2024)

Jul 19, 2024

Others / United Arab Emirates

The United Arab Emirates plan a second nuclear power plant

Jul 19, 2024

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Jul 19, 2024

BRICS

BRICS / United States

BRICS: Janet Yellen Repeatedly Says Sanctions Led to US Dollar Decline

‘The US Treasury Secretary Janet Yellen has once again admitted that sanctions affected the US dollar. She testified on Tuesday before the House Financial Services Committee on how to protect the status of the US dollar. Yellen raised concerns about the US pressing sanctions on Russia in 2022 that led BRICS to kick-start the de-dollarization […]

Jul 15, 2024

BRICS / Global

BRICS: Saudi Arabia Banks Hit Record-Breaking Profits

‘Perspective BRICS member Saudi Arabia has hit a new milestone in its banking sector, with the Saudi National Bank reporting a 14-month high in profits. The Central Bank of Saudi Arabia reports that in May, the total earnings of Saudi banks hit a record-breaking 14-month high of $1.96 billion. Cumulatively, from the beginning of the […]

Jul 15, 2024

Economics

Economics / Singapore

Malaysia says near Singapore deal for special economic zone

Jul 19, 2024

Economics / Hong Kong

Can a new financing plan get Hong Kong’s cash-strapped West Kowloon arts hub back on track?

Jul 19, 2024

Economics / Hong Kong / United States

Hong Kong slams US politicians’ ‘despicable’ call for sanctions on city officials

Jul 19, 2024

Economics / Hong Kong

Hong Kong can use ‘panda economy’ to drum up business amid arrival of 2 new bears: minister

Jul 19, 2024

Economics / Russia

Russia overtakes Japan to become the fourth largest economy in the world in PPP term

‘The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June.’ ‘As bne IntelliNews reported in August, Russia had already overtook Germany to become the fifth biggest economy in adjusted terms. Hit by multiple […]

Jul 15, 2024

Technology

Technology / China

Huawei officially opens its 2,600-acre R&D center in Shanghai, will accommodate over 35,000 scientists and engineers

Jul 19, 2024

Financial / Technology / Thailand

AI Fund, KXVC partner to develop local AI startups

Jul 19, 2024

Cryptocurrency Regulations and Trends

Cryptocurrency Regulations and Trends / Singapore

Singapore’s Largest Bank DBS Is an Ether Whale With Nearly $650M in ETH: Nansen

Jul 19, 2024

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