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Huawei has announced its unaudited financial and operational results for the first half of 2013 with the company generating revenues of $18.54 billion—an increase of 10.8 percent over the same period in 2012. Based on this robust growth and other positive business indicators, Huawei expects to generate a net profit of 7-8 percent in 2013.

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Zawya

2 hours ago

• Zawya

Bank of China (Hong Kong) x Television Broadcasts Limited ("TVB") "Wealth Management Expo 2025" was successfully held

Driving Economic Momentum, Leading Trends with Mega Events HONG KONG SAR - Media OutReach Newswire - 21 June 2025 - The "Wealth Management Expo 2025", powered by Bank of China (Hong Kong) ("BOCHK") and organised by TVB under the theme of "Driving Economic Momentum, Leading Trends with Mega Events" has been successfully held today. The Expo has brought together leading figures from the government, business and financial sectors to provide in-depth analysis and share valuable insights into market trends through examining the international landscape, RMB internationalisation, the mega-event economy, as well as personal and business financial management. The Expo was officiated by Mr. Paul Chan, GBM, GBS, MH, JP, the Financial Secretary of the HKSAR Government; Miss Rosanna Law, JP, Secretary for Culture, Sports and Tourism; and Mr. Stephen Chan, Deputy Chief Executive of BOCHK. Miss Rosanna Law also shared at the summit forum on how mega events catalyse Hong Kong's economy. Other attending guests included Mr. Thomas Hui, JP, Executive Chairman of TVB and representatives from BOCHK. Mr. Stephen Chan, Deputy Chief Executive of BOCHK, said in his opening speech, "As a leading commercial bank rooted in Hong Kong for over a century, BOCHK fully leverages its regional advantages and integrated offerings to continuously enhance operational capabilities while delivering high-quality services. Apart from actively promoting green finance and inclusive financial development, BOCHK drives continuous innovation in fintech, accelerating its digital transformation. The Bank is committed to supporting Hong Kong in reinforcing its position as a global offshore RMB business hub, while deepening cross-boundary financial business within the Guangdong-Hong Kong-Macao Greater Bay Area." Opening Forum: Experts Shared Insights on Outlook for RMB Internationalisation The opening forum of the Expo, "Dissecting Economic Pulse and Exploring Opportunities in RMB Internationalisation," featured Dr. Jianguang Shen, Vice President of Dr. Rocky Tung, Director and Head of Policy Research for the Financial Services Development Council; Mr. Dong Tao, President of Spring Capital (Hong Kong) Limited and a renowned economist; and Mr. Jack Yang, RMB Business Executive Director of BOCHK, who engaged in an in-depth discussion on the various opportunities in the internationalisation of the RMB, including how enterprises can leverage the advantages of RMB settlement to reduce cross-border transaction costs, as well as the attractiveness of RMB-denominated assets and emerging investment opportunities in the international capital markets. Summit Forum: Unleashed the Powerful Driving Force of the Mega - Event Economy The Hong Kong SAR Government has been actively promoting the "Mega-event economy" in recent years, aiming to generate more business opportunities and attract more tourists through sports competitions, art exhibitions, large-scale international events and conferences. The speakers of the summit forum themed "Mega Events as Economic Catalysts: Synergy of Sports, Arts, Culture and Tourism" are Miss Rosanna Law, JP, Secretary for Culture, Sports and Tourism; Mr. Wilfred Ng, GBS, MH, JP, Chairman of the Major Sports Events Committee; and Prof. Douglas So, BBS, JP, Chairman of the Board of M Plus Collections Limited, Chairman of the Advisory Committee on Built Heritage Conservation. They conducted an in-depth analysis of the diverse opportunities created by mega events. The three speakers explored how mega events drive economic growth from multiple perspectives, and shared insights on recent preparations for organising sports mega events and their economic contributions, while emphasising the importance of participation and support from all sectors. Five Thematic Workshops and Immersive Digital Experience Zone: Enriching Information and Experience The Expo also held five thematic workshops, where several experts dissected the latest trends in the global economy and markets. Regarding global economic development, two fund workshops "Global Outlook of Asset Appreciation Potential in International Markets" and "From Asia to the World: Multi-Asset Allocation Strategies for Enhanced Returns" along with the cross-border workshop "Strategic Overview on Equity Markets and Economic Insights" emphasised the importance of focusing on Asia and global markets, empowering investors to grasp opportunities across different regions and industries to formulate prudent wealth growth strategies. The legacy planning workshop "Securing Wealth Legacy, Prosperity Across Three Generations" concentrated on planning wealth for the next generation, grounded in love and sheltered by insurance. In addition, the stock market workshop "Decoding the Stock Market: Sector Analysis and Trading Tactics" explored market trends, the AI boom and analysed the prospects of technology stocks. To enrich participants' experience, the venue also featured an immersive digital experience zone. Utilising an LED spherical display and a surrounded screen, the zone showcased three main themes in a one-stop format: anti-fraud, AI data applications and ESG. Participants can learn about BOCHK's digital empowerment. The "Wealth Management Expo 2025" concluded successfully with fruitful outcomes. Through a full day of engaging forums, workshops, digital experience zone and sponsored booths, BOCHK hopes that industry professionals, investors and the public gained insights into changes in the international environment and market opportunities, with a focus on the RMB internationalisation and the diverse opportunities brought by the Mega-event economy, while mastering the path to wealth growth and legacy. Moses Chan Attended the Brand Launch Event and Shared Business Insights with Natalie Tong BOCHK announced the extended collaboration with Private Wealth brand ambassador Moses Chan, appointing him as the premium family wealth management brand FamilyMAX & BOCHK Cross-Border GO star brand ambassador and BOC Life's Star Product & Services Ambassador. Having founded a coffee brand years ago, Moses Chan's "entrepreneur" identity has become as well-known as his acting career. Today, Moses Chan and Natalie Tong, popular Japanese bakery brand co-founder, Best Actress and Business Banking brand ambassador, appeared at the "Dialogue with the Best Actor and Actress" to share how to balance multiple roles as actors and owners of catering business. They also discussed how to utilise financial knowledge and leverage professional teams and fintech services to enhance personal and business wealth management efficiency. Hashtag: #WealthManagementExpo2025 The issuer is solely responsible for the content of this announcement. Bank of China (Hong Kong) x Television Broadcasts Limited ('TVB')

UAE Moments

7 hours ago

• UAE Moments

From Dubai to Anywhere—It's Now a Pricier Ride

If your summer travel plans suddenly feel too expensive, you're not alone. Airline ticket prices from the UAE to popular destinations have jumped significantly since June 13, as escalating tensions between Israel and Iran force carriers to reroute flights, adding time and fuel costs. Destinations in Asia, Africa, Europe, and North America are seeing increases of 15% to 60%, according to fare trackers like Google Flights and Skyscanner. These price hikes are directly tied to airspace restrictions over the conflict zone and rising demand during peak travel season. UAE to India: Summer ritual gets pricey For many Indian expats in the UAE, flying home during summer is a yearly routine. But this year, fares to Mumbai and Delhi have seen a steep surge. One-way tickets that typically cost Dh380 to Dh440 are now reaching Dh800, depending on the airline and date—marking a 50–60% increase. For families, the price gap adds up fast. US routes rerouted, fares soar Flights from the UAE to major US cities like New York and Chicago have also become more expensive. Tickets to New York now average Dh1,210 to Dh1,325, compared to Dh1,030 before June 13. Round-trip fares are crossing Dh2,475, up 15–20%, as airlines take longer routes to avoid Iranian airspace. Africa-bound flights not spared Flights to Nairobi are also affected. One-way tickets have jumped from Dh550 to Dh750, while round-trip prices are now hovering around Dh1,195, up 25% in just a week. Some carriers are adding stopovers to safely navigate around restricted zones, leading to longer travel times and higher costs. Europe, Israel routes feel ripple effects Even European destinations not directly over the conflict area are seeing price increases. Flights to Frankfurt, for example, have gone from Dh750 to Dh950 —a 25% rise —due to congestion on alternate routes. As for Israel, direct flights from Dubai to Tel Aviv have become more expensive and less available. Fares are now around Dh1,080, up 70%, with fewer daily departures and longer layovers. Why flight prices are rising fast With portions of Iranian and Israeli airspace restricted, airlines are rerouting over longer paths—through the Gulf, Central Asia, or Northern Africa. This means longer flight times, higher fuel usage, and fewer available aircraft, all of which drive prices up. The summer travel rush is making it worse. What UAE travelers can do If you're planning to fly soon, book early and track fare trends through platforms like Google Flights or Skyscanner. Try to travel midweek or during off-peak hours for possible savings. Also, consider flexible or refundable options, as more changes in flight paths or schedules may occur if regional tensions escalate. Bottom line

Gulf Today

8 hours ago

• Gulf Today

China-UAE relations continue to open new horizons for development

Staff Reporter, Gulf Today The China Pavilion at Expo Dubai hosted the China-Arab Media Salon, coinciding with the official inauguration of the Middle East Communication centre of Hainan Media Group, which has chosen Dubai as its regional hub. The event aimed to highlight the role of media in deepening the strategic partnership between China and Arab countries—particularly the UAE, which enjoys strong economic, social, and trade ties with China, ties that media has significantly helped foster. Xian Yi, Deputy Consul General of Consulate General of the People's Republic of China in Dubai, emphasized that as the Belt and Road Initiative (BRI) advances, China-UAE relations continue to open new horizons for development. He noted Hainan's pivotal role in this collaboration, describing the new centre as a milestone in strengthening the friendly ties between the two nations. He also highlighted the importance of deepening media cooperation and cultural exchanges, expressing hope that the centre will serve as a vital bridge fostering mutual understanding and people-to-people friendship between China and the UAE. Shahab Shayan, Regional Director, Asia Pacific at Dubai Department of Economy and Tourism, stressed that China remains one of Dubai's top source markets. He noted that the direct air routes between Dubai and Hainan have significantly facilitated cultural, tourism, and trade exchanges. He added that the new media centre will become a platform for bilateral cultural dialogue and content collaboration, predicting deeper future cooperation in tourism, business, and investment under the BRI framework. Wang Lie, Deputy director of Hainan Broadcast station, stated that the group is committed to fostering a more open China that creates broader development opportunities for the world. He called for innovative efforts to deepen cooperation, enhance mutual understanding, and promote intercultural learning. Hainan Media Group, he said, will invest fully in developing the centre to meet the expectations of both Chinese and Arab audiences, using its media capabilities to bridge cultural differences and facilitate meaningful bilateral communication across various fields. During the inauguration, Hainan Media Group signed a cooperation agreement with China Arab TV. The initial phase of the collaboration focuses on showcasing Hainan's Free Trade Port achievements in institutional innovation, industrial openness, trade facilitation, and cooperation with the UAE. The partnership includes programme exchange and joint content production targeting audiences in 22 Arab countries, aiming to strengthen regional understanding of the Free Trade Port's development and to contribute new 'touchpoints' in China-Arab friendship and shared future narratives. The event concluded with a dialogue session featuring Chinese and Arab media figures, including Wang Lie, Deputy director of Hainan Broadcast Station; Mohamed Beiji, Deputy Editor-in-Chief of China Arab TV; Prof. Amer Fakhoury, Professor of International Law at the American University in the Emirates; and Prof. Mohamad AlNaeb, President of Strategia centre for Studies. The discussion focused on mechanisms for enhancing media cooperation, leveraging the development experiences of both the UAE and China, and showcasing success stories in the media to deepen bilateral partnership. Dr. Amer Fakhoury emphasized that the UAE is not only a major commercial and financial hub in the Gulf and the Middle East, but also a vital partner along the Belt and Road. He pointed out the alignment between Hainan's strategy of continuous openness and the UAE's development vision, stressing the media's responsibility in telling the evolving story of China-UAE friendship. He called for enhanced cooperation in producing high-quality media content that resonates with both Chinese and Arab audiences. Prof. Mohamad AlNaeb noted that the BRI, initiated by President Xi Jinping, offers a roadmap for stable and sustainable cooperation between China and the UAE. He highlighted the similar regional dynamics of Hainan and Dubai, both positioned as high-quality development zones. He suggested practical cooperation in sectors such as trade, investment, green economy, and tourism, with media playing a key role in building stronger connections between the two peoples. Since 2023, delegations from Hainan Province have paid frequent visits to the UAE, bolstering industrial cooperation in energy, digital economy, healthcare, tourism, and beyond. Investment collaboration between Hainan and Arab countries continues to expand, with bilateral trade in goods growing at an annual average of over 30% in the past three years. In 2024 alone, trade volume is expected to exceed 24 billion yuan. Notably, direct flights now connect Haikou with both Abu Dhabi and Dubai, forming an 'aerial Silk Road.' Coupled with visa-free travel policies, these routes have significantly boosted tourism flows from the Arab world to Hainan. Agricultural and environmental cooperation has also flourished, exemplified by the successful cultivation of 25,000 date palm seedlings donated by the UAE, now thriving in Wenchang. Meanwhile, Hainan's local produce such as Danzhou eggplants and Sanya okra have made their way onto Middle Eastern tables, marking a symbolic leap from 'seed to supply chain.' Beyond trade, port partnerships between Yangpu Port and Abu Dhabi Port have been established, laying the foundation for deeper cooperation in emerging areas like digital commerce and maritime finance. This reflects a transition from 'hard connectivity' in infrastructure to 'soft connectivity' across institutions and industries—advancing the vision of a shared free trade network between Hainan and the Arab world.