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Sahm Capital Becomes the First Fintech-Driven Financial Company Granted Full Licenses by the CMA


RIYADH, SAUDI ARABIA – Media OutReach Newswire – 15 October 2024 – Sahm Capital proudly announces it has successfully met all business commencement requirements to conduct Arranging and Managing Investments, as well as Operating Funds Activities in Securities, licensed by the Capital Market Authority (CMA). With this approval, Sahm Capital now holds all necessary regulatory approvals to operate as a fully integrated financial company in the Kingdom of Saudi Arabia.

This achievement comes just one year after receiving licenses for Dealing, Advising, and Custody, underscoring the company’s rapid growth and commitment to offering comprehensive financial services in the Saudi market. With these latest licenses, Sahm Capital becomes the first fintech-driven financial company to achieve full CMA approval in the Kingdom. This significant achievement reflects Sahm Capital’s full compliance with the Kingdom’s stringent regulatory framework and highlights its dedication to maintaining the highest standards of trust, security, and transparency.

Hadeel Bedeeri, General Manager at Sahm Capital, remarked on the importance of this milestone:
“Receiving full regulatory approval from the CMA is a pivotal moment for Sahm Capital. With these licenses, we can now offer a comprehensive suite of services, from dealing and managing assets to advising and custody. Our goal is to elevate market standards, build trust, and actively support the dynamic growth of Saudi Arabia’s financial sector in alignment with Vision 2030. We are excited about the opportunities ahead and ready to make a lasting impact.”

Founded in 2022, Sahm Capital has quickly established itself as a trailblazer in the financial service industry. In December 2023, the company launched the Sahm App, a proprietary all-in-one trading platform tailored to Saudi investors. Since its launch, the Sahm App has secured a spot among the top three free finance apps in the Kingdom, contributing to Sahm Capital’s position as the fastest-growing brokerage in Saudi Arabia.

With the completion of these full licenses, Sahm Capital is positioned as a key player in Saudi Arabia’s rapidly evolving financial sector. The firm’s ability to offer the complete range of financial services, backed by independent technological research and development capabilities, ensures that clients have access to an all-inclusive financial solution tailored to meet their diverse investment needs.Hashtag: #SahmCapital #CMA




The issuer is solely responsible for the content of this announcement.

Sahm Capital

Sahm Capital, registered in Riyadh, holds full regulatory licenses from the Capital Market Authority (CMA) to provide Dealing, Advising, Custody, Arranging, and Managing Investments and Operating Funds Activities in the Securities Business services (license no. 22251-25). As the first fintech-driven financial company to achieve full CMA licensing, Sahm Capital has established itself as the fastest-growing member of the Saudi Exchange, leveraging proprietary technology and innovative financial solutions to deliver seamless, one-stop financial services. For more information, visit: .

UNIQ debuts new multifunctional iPhone 16 cases with iPhone 16 Pro Max giveaway, here’s how to enter


SINGAPORE – Media OutReach Newswire – 15 October 2024 – The acclaimed international brand UNIQ, synonymous with sleek and multifunctional phone cases, presents its latest range of iPhone 16 cases, featuring modern designs and elevated customizability. Extending to the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max models, the collection is set to appeal to a new generation of discerning and pragmatic iPhone users. Each designed case comes loaded with exceptional features, such as next-gen protective technology, magnetic charging, a grip band for comfort, a handy kickstand and more.

Get set for adventure with UNIQ’s modern and functional cases for the iPhone 16. Explore the full collection at www.uniqbetterbydesign.com.
Get set for adventure with UNIQ’s modern and functional cases for the iPhone 16. Explore the full collection at www.uniqbetterbydesign.com.

Named Heldro Max, Eleva, Keva Max, and Lyden, these iPhone 16 cases form part of UNIQ’s penetrative venture into embracing diverse lifestyles and disciplines. The built-in functionalities of the cases are designed around the entire newly released iPhone 16 range. Capitalizing on Apple’s latest innovative tools, these cases unlock an extraordinary level of productivity and seamless access.

“We have always designed our accessories for Apple to be a true embodiment of functionality and reliability,” UNIQ Product Design Lead, Gladys Phan said. “As the iPhone 16 paves the way for new possibilities in work and play, our curated case lineup aspires to complement this innovation, infusing each moment with added sense of inspiration and confidence through its impeccable design and attention to detail.”

Heldro Max, for iPhone 16 Pro and Pro Max, is a polycarbonate composite reinforced with a shock-absorbent TPU shell. The kickstand, strengthened by metal rings and hinges, is said to outperform standard plastic alternatives. It also doubles as a grip that makes one-handed use effortless, providing an all-in-one solution for those who crave convenience at their fingertips.

Eleva iPhone 16 Case
Eleva iPhone 16 Case

Sharing the same materials and build, Eleva is defined by its integrated aluminum kickstand. Both Heldro Max and Eleva come in three carefully selected colors, designed to complement the distinctive aesthetics of each iPhone 16 Pro colorway.

Keva Max iPhone 16 Case
Keva Max iPhone 16 Case

Simultaneously, Keva Max is a textured profile of military-grade aramid fiber. Drop-tested for the Pro series to emerge unscathed from falls of up to 13 feet, it delivers ultra-tough protection with a minimalist and urbane air. Designed to unfold at the camera lens bezel, the kickstand enables a multitude of viewing angles, redefining what versatility means.

Lyden iPhone 16 Case
Lyden iPhone 16 Case

As the pièce de résistance of the collection, Lyden presents a reimagined leatherette case, elevated by aluminum buttons that convey a sense of refined strength. The tactile interplay is complemented by an opulent inner microfiber lining, ensuring every aspect embodies sophistication and exceptional scratch protection. The rich palette of caramel, flint gray, and black accentuates the full-grain finish, offering a sumptuous and elevated experience.

Every phone case in this collection is crafted with precision-engineered, flexible buttons, ensuring impeccable alignment with the newest iPhones, including the advanced camera control button. They are also made compatible with Apple’s proprietary magnetic technology for wireless charging and accessory attachment.
“It’s clear that a ‘one-size-fits-all’ approach no longer holds the same allure in today’s world. The focus has shifted toward revealing thoughtful features that allow discerning Apple users to personalize their experiences in distinctive and impactful ways.” UNIQ Co-Founder and Managing Director, Andy Wong said.

Get your chance to win an iPhone 16 Pro Max and a collection of premium UNIQ accessories.
Get your chance to win an iPhone 16 Pro Max and a collection of premium UNIQ accessories.

From 11th October to 11th November 2024 at 23:59 (GMT+8), UNIQ is selecting one lucky winner to receive a brand-new iPhone 16 Pro Max in Desert Titanium accompanied by an exclusive bundle of premium UNIQ accessories. To stand a chance to win:

  1. Like this post.
  2. Follow UNIQ on Instagram at @uniqbetterbydesign.
  3. Tag three friends in the comments.

Share and tag UNIQ in your Instagram story for an extra shot at winning! Winner will be contacted via DM. T&Cs apply.

Hashtag: #UNIQ #giveaway




The issuer is solely responsible for the content of this announcement.

About UNIQ

UNIQ is an international tech accessories brand headquartered in Singapore, renowned for its creation of Apple accessories. Offering iPhone cases, AirPods cases, screen protectors and more, each product at UNIQ seamlessly connects Apple users with their essentials. Expanding its reach, UNIQ now also offers accessories for Samsung devices, catering to diverse lifestyles across the world. With a footprint in the US, Europe, Middle East and Asia Pacific, UNIQ has become a trusted companion to over 150 million consumers worldwide.

Oxfam’s John Samuel Pushes for Inclusivity at ASEAN Forum

Oxfam’s John Samuel Pushes for Inclusivity at ASEAN Forum
This image is used for representational purpose (Workers make personal protective equipment for health workers during the coronavirus crisis in malang, east java, Indonesia. Previously the emba jeans factory was only manufacturing clothes but due to the COVID-19 outbreak they switched to making personal protective equipment and rescuing 3000 workers from layoffs. Bayu novanta/Sopa images/Shutterstock)

At the ASEAN Business Forum in Vientiane on 24 September, John Samuel, Asia Regional Director of Oxfam International, delivered a powerful message on the importance of inclusivity and women’s empowerment in Laos’s business landscape. 

Vientiane Province’s Checkpoint Upgraded to International Status

Ban Vang Checkpoint Upgraded to International Status
Ban Vang Checkpoint in Vientiane Province Became International Gateway, officially opened on 15 October (Photo credit: LNR)

The Ban Vang Local Checkpoint has been officially upgraded to an international border checkpoint, connecting Laos’s Vientiane Province to Thailand’s Loei Province. This development aims to facilitate cross-border trade, tourism, and cooperation between the two provinces.

Gold-silver correlation and gold-silver ratio: Global broker Octa looks at the data


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 15 October 2024 – While gold and silver often move in tandem, their relationship can sometimes be complicated. Despite sharing similar characteristics and applications, differences in underlying demand and supply dynamics can lead to occasional divergences. Octa broker discovers the nuances behind the gold-silver correlation and explores potential trading opportunities with the gold-silver ratio.

Octa

The positive correlation between gold and silver may appear to be regarded as a totally natural phenomenon. Both commodities share related applications, possess very similar characteristics, and are even often found and extracted in the same geological locations. Therefore, it is perfectly intuitive to consider them close substitutes and expect their prices to correlate closely. However, if we delve deeper into the subject, we find important nuances and complexities in the price movements of gold and silver.

Correlation coefficient between gold and silver
In statistics, a correlation coefficient measures the strength and direction of the relationship between the two variables. When it equals 1, the correlation is perfectly positive—as the price of one commodity increases, the price of another also increases (and vice versa). In the case of gold and silver, the correlation is strongly positive and is almost perfect, meaning that the prices of both commodities tend to increase and fall in tandem. Octa broker has studied the daily closing prices of gold and silver from July 1982 to October 2024 and found that the correlation coefficient between the two commodities is around 0.92.

Why the correlation is positive
A very close statistical relationship between gold and silver is mirrored by their similar application in the physical world. Both commodities are precious metals and are often bought and sold for similar reasons. Indeed, according to the World Gold Council and Silver Institute, jewellery accounts for 49% of gold demand and 27% of silver demand. In addition, both commodities are often regarded as ‘safe-haven assets’ or ‘stores of value’. People would often buy gold and silver to protect their capital from inflation. Thus, private investment accounts for another 30% of the gold demand and 15% of silver.

Furthermore, both metals have industrial applications—but unlike gold, silver is used primarily for manufacturing and industrial purposes. Industrial usage accounts for 58% of silver demand and just 11% of gold. Another important difference is that central banks continue to regard gold as pure money and remain active buyers of the bullion to this day. Octa broker calculated that global central banks have bought over 1,000 tons of gold in the past four years. According to the World Gold Council, central bank purchases accounted for almost 20% of total gold demand in Q2 2024.

‘Although both metals share a very similar demand structure, which basically consists of just three sources—jewellery, investment, and industry—the relative share of these sources is rather different. Silver is a sort of quasi-industrial precious metal, while gold still has an important monetary function’, says Kar Yong Ang, a financial market analyst at Octa broker.

These subtle but important differences explain why, at times, the correlation between gold and silver prices had broken down. The global economic recession in 2020, induced by the coronavirus epidemic, led to a sharp decline in industrial demand for silver—but, at the same time, contributed to higher interest in gold as a protective asset during times of uncertainty. Kar Yong Ang, the financial market analyst at Octa broker, says: ‘Silver is much more sensitive to economic cycles than gold because silver’s investment thesis is less pronounced while its industrial usage is more widespread’.

Why silver is cheaper than gold
There is also one huge difference between gold and silver in terms of supply—gold is much scarcer than silver. According to the World Bureau of Metal Statistics, around 3,100 tons of gold were produced in 2023, whereas silver production amounted to 25,200 tons. This is why silver has always been cheaper than gold on a dollar per troy-ounce (oz) basis. As of 4 October, the price of silver on COMEX was $32.17 per oz, whereas gold closed at $2,652.25 per oz.

What the gold-to-silver ratio is
The gold-silver ratio is a popular way to look at the price difference between gold and silver. It is the longest-standing exchange rate that has been consistently monitored throughout history. This ratio shows how many units of silver are needed to buy one unit of gold—and existed long before gold futures started to trade on COMEX in 1982. In ancient Egypt, King Menes established the gold-to-silver ratio of 2.5:1. Subsequently, in 210 B.C., the Roman Empire officially set the ratio at 8:1. The ratio has evolved considerably since then but has generally tended to increase—partly due to governments’ manipulation with money supply and also thanks to the discovery of large silver deposits in South America. To calculate the gold-silver ratio, one needs to divide the current market price of gold by the current market price of silver. As of 4 October, the gold-silver ratio stood at 82.44, which means that one troy ounce of gold can buy 82 ounces of silver—or that 82 ounces of silver are needed to buy one troy ounce of gold.

Traders usually monitor the gold-silver ratio to find anomalies in the relative valuations of precious metals. A high ratio relative to historical norms suggests that silver is undervalued compared to gold, while a low ratio indicates the opposite. In other words, when the ratio deviates substantially from its historical norm or a long-term average, traders would bet that it will return back to normality. Kar Yong Ang, the financial market analyst at Octa broker, provides the following example: ‘In March 2020, the gold-silver ratio rose above 120, more than 40% above its long-term average, indicating that silver was extremely cheap relative to gold, and that gold was extremely expensive relative to silver. In this situation, a trader could either sell gold or buy silver. The smartest decision, however, is to do both. This way, a trader gets exposure to the ratio itself and is essentially placing a bet that the ratio will return to normal with a relatively low risk’.

Gold in South and Southeast Asia
Gold plays a vital role in the traditions and culture of South and Southeast Asian nations. Apart from being a safe-haven asset, it is viewed as the symbol of prosperity and is often used to underpin status and wealth. Owning gold jewellery or ornaments has been a traditional way to display affluence. Besides, gold has an important religious significance—especially in India, where it is closely linked to Hindu mythology and is often associated with sacred rituals. Overall, Asian countries are among the largest importers of gold worldwide. In fact, just four Asian countries—China, India, Singapore and Thailand—account for over a third of all global gold imports, around 39%.
Hashtag: #Octa

The issuer is solely responsible for the content of this announcement.

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

The first International Intelligent Construction Industry Expo held on 20 October in Shenzhen, China


SHENZHEN, CHINA – Media OutReach Newswire – 15 October 2024 – With the flourishing of the fourth technological revolution, intelligent construction has become the theme of change in the construction industry. In order to promote effective synergy between upstream and downstream of the industry chain, cross-industry cross-border integration and innovation, and cultivate the intelligent construction industry ecology, we unite with enterprises upstream and downstream of the industry chain and cross-industry enterprises, and organise the first professional exposition focusing on the whole link, element and life cycle of intelligent construction in the construction industry—the 2024 International (Shenzhen) Intelligent Construction Industry Expo. The expo will be held on 20-21 October at Shenzhen Convention and Exhibition Centre (Futian).

The Expo focuses on intelligent construction, with the theme of ‘Promoting the “Five Harmonies in One” and Developing New Productivity’, based on standardisation, industrialisation, digitalisation, intelligence, greening, and the concept of building and sharing. The industry will co-operate with all parties, highlight the ‘three orientations’, and create a ‘different’ industry grand ceremony.

Highlight the professional orientation, according to the characteristics of intelligent construction, set up digital design, intelligent production, intelligent construction, intelligent equipment, intelligent operation and maintenance, industrial Internet, and green low-carbon 7 exhibition areas. Theme forums will be held, inviting academicians, cross-border experts, entrepreneurs, and ‘industry, academia and research’ to talk about intelligent construction, gain insight into industry trends and lead the development of the industry.

Highlighting product orientation, upgrading the concept of product integration, showcasing leading products in all aspects of intelligent construction, holding product conferences, releasing innovative products in the construction industry that have gained market access and have commercial value around new materials, new equipment and new engineering software, and pulling the whole industry chain with productisation to open up a new wind direction for the development of productisation in the construction industry.

Highlighting market orientation, the joint organisers will open up application scenarios, release scientific research and procurement demands, establish green channels for new products to enter the supply chain, practice supply chain-based collaborative innovation, promote scientific research cooperation, supply and demand docking, and promote the integration of the intelligent construction industry chain and the innovation chain towards new development.

Contact: Ms. Teng +86 13821221894 (WeChat)
E-mail: ibie2024@ibie-expo.cn
Tianjin Zhenwei International Exhibition Group Co., Ltd
http://www.ibie-expo.com/

Hashtag: #TianjinZhenweiInternationalExhibitionGroup

The issuer is solely responsible for the content of this announcement.

VT Markets Analysts Highlight the U.S. Presidential Election’s Impact on Equity Markets for Q4


HONG KONG SAR – Media OutReach Newswire – 15 October 2024 – As the U.S. presidential race heads into its final stages, VT Markets analysts have released a comprehensive study detailing the expected impacts on equity markets in the fourth quarter. The report examines shifts in various sectors, market reactions to political events, and strategies that traders and investors might consider.

Shifts in Market Sentiments and Sectors

According to VT Markets, the equity market experienced considerable volatility in the third quarter, influenced by uncertainty around the Federal Reserve’s policies and the broader economic outlook. Tech stocks, which had surged on AI-driven growth, began to show signs of correction as traders realized profits. Despite strong earnings from tech leaders like Apple and Tesla, market sentiments remained cautious overall.

However, September saw a resurgence in tech stocks due to renewed confidence in AI’s long-term impact on productivity. Simultaneously, traditionally lagging sectors such as utilities, real estate, industrials, and materials experienced rapid gains, indicating a significant market rotation.

The Presidential Election as a Market Catalyst

The VT Markets report identifies the upcoming U.S. presidential election as a critical factor influencing market dynamics in the fourth quarter. The analysts note an unexpected twist in the Democratic campaign, with Kamala Harris stepping in as the nominee, which has intensified the competition against Donald Trump. Polls suggest a tight race, with Harris slightly leading Trump as of September.

The analysts emphasize that key battleground states like Michigan, Pennsylvania, and Nevada are likely to decide the outcome, with Pennsylvania poised as a particularly unpredictable battleground.

Candidates’ Economic Policies and Market Implications

The study outlines the economic policies proposed by both candidates, which could significantly impact various market sectors. Kamala Harris proposes raising corporate taxes to fund public initiatives and maintaining tax cuts for individuals earning under $400,000. [1] Donald Trump, conversely, aims to lower corporate taxes further and increase tariffs, especially on Chinese imports. [2]

Immigration and energy policies also diverge sharply between the candidates, with Trump advocating for stringent measures against illegal immigration and favoring traditional energy subsidies.[2] Harris supports a legal pathway for undocumented immigrants and intends to invest heavily in renewable energy. [1]

Strategic Implications for Investors

VT Markets analysts suggest that the election results will play a crucial role in shaping investment strategies in Q4. A re-election for Trump could spur growth in fossil fuels, financials, defense, and cryptocurrency sectors. A victory for Harris, on the other hand, is likely to boost renewable energy, electric vehicles, and semiconductor industries.

Despite the election’s uncertain outcome, the analysts believe that AI-driven tech stocks will continue to offer robust investment opportunities, potentially propelling a broader market rally post-election.

The VT Markets Analysis Report

The VT Markets report provides a detailed analysis of how political developments, and the presidential election are expected to influence market trends and investor strategies in the upcoming quarter. With these insights, VT Markets aims to equip investors with the knowledge to navigate the anticipated market volatilities effectively. This analysis is based on current market conditions and political scenarios, which are subject to change. The projections and opinions expressed are intended to provide insight at a specific time and are given in good faith. No financial market prediction can offer a guarantee, and investors are encouraged to conduct their own research or consult with a financial advisor before making any investment decisions based on this report.

[1] https://kamalaharris.com/

[2] https://www.donaldjtrump.com/

Hashtag: #VTMarkets #CFDs #CFDsbrokers #Forextrading #indices #FOMC #Trading

The issuer is solely responsible for the content of this announcement.

GOELIA continues its international expansion with the opening of nine new stores during Golden Week


SINGAPORE – Media OutReach Newswire – 15 October 2024 – During China’s 2024 National Day Golden Week, celebrated fashion brand GOELIA opened nine new stores in China and overseas focusing this time on Singapore, where three flagship stores were launched consecutively at Jewel Changi Airport and Orchard Road. In contrast to the general trend of closing physical stores mainly due to the economic downturn, GOELIA, strong of its financial performance, has bucked the trend strengthening its international presence. Already, these new openings have proven a great success among the communities.

GOELIA.jpg

GOELIA fully enters the global market through bold innovation and aggressive expansion

Being the first Chinese fashion brand to integrate global traveling as part of its culture in designing fashion, GOELIA’s recent international strategy marks a step further in putting the brand on the global map. The brand now boasts online customers from nearly 60 countries and a fan base across 188 countries and regions. Furthermore, GOELIA has established multiple flagship stores in landmark commercial districts in Australia, Singapore, and most recently in Spain.

As a global hub for international trade, Singapore features the world’s most significant transshipment port and an air transport network connecting Asia, Europe, Africa, and Oceania. It is also one of the most influential and multicultural consumer cities worldwide. GOELIA has identified Singapore as a pivotal step in its international expansion strategy. With the opening of three stores, the brand is expanding its investments in the Singapore market, strengthening its presence and laying the foundation for breaking into additional markets to solidify its presence at international level.

GOELIA’s confidence in its global expansion is based on having more than 30 years of history, rigorous quality control, and an excellent pricing strategy. In addition, GOELIA has implemented research and its effective localization strategy to accommodate different languages, cultures, tastes, and preferences.

By setting up operational branches in various countries, local teams work closely with the headquarter in China to ensure effective localized management. The brand tailors its product lines for each region based on market preferences and consumer profiles. Furthermore, the integration of offline flagship store services with a global free shipping strategy for orders exceeding a certain amount on the official global website provides consumers worldwide with a convenient, high-quality, and trustworthy shopping experience.

GOELIA gains international favor with a sustainable fashion philosophy

“Nature + Civilization = Fashion” embodies GOELIA’s fashion perspective. The brand carefully selects natural materials for its clothing, with core products featuring fabrics such as mulberry silk, triacetate, traditional Xiangyun silk, 95% white goose down, and cashmere. Accessories also emphasize natural materials, like Tahitian shell buttons and palm nut buttons, aiming to provide consumers with higher-quality products at competitive prices.

GOELIA’s global stores are designed around the concept of natural ecology and wildlife conservation. In Singapore, each of the three stores presents a unique environment reflecting Goelia attention to nature and sustainability. The interiors are designed to reflect the changing seasons and Goelia’s love for country.

From China to Asia, Australia, and Europe, the phrase “Keep moving forward!” is frequently shared by GOELIA’s founder. The brand’s next stop, the “Starred Store Journey,” is fashion capital Barcelona in Spain. The intention is to reach and inspire more global consumers marking the start of a new era for China’s fashion industry.
Hashtag: #GOELIA

The issuer is solely responsible for the content of this announcement.