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InvestHK showcases Hong Kong as Asia’s gateway during Cairo visit
At the conference, she engaged with leading Egyptian companies and entrepreneurs, highlighting Hong Kong’s advantages as a regional hub, underpinned by its professional workforce, robust rule of law, low and simple tax system, and strategic location at the heart of Asia.
Hong Kong–Egypt Economic Ties Flourished
In 2023, InvestHK signed a Memorandum of Understanding (MoU) with the General Authority for Investment and Free Zones (GAFI) of the Arab Republic of Egypt, pledging mutual co-operation on investment promotion exchanges and support. In 2024, the department has opened a new office in Cairo, Egypt, to enhance its effort in attracting companies from the Middle East and North Africa (MENA) region to set up or expand their businesses in Hong Kong.
In 2024, Hong Kong and Egypt enjoyed a vibrant trade relationship, with bilateral merchandise trade reaching HK$2.1 billion (US$0.3 billion), a 5.4% increase from 2023. This growing economic connection underscored the potential for deeper commercial collaboration.
Hong Kong’s Investment Environment
Hong Kong is considered to be one of the most liberal and easiest places to do business in the world, as reflected in many renowned international rankings. To name just a few, the Business Ready 2024 Report published by the World Bank Group has ranked Hong Kong the first in “International Trade”; Hong Kong also ranked as the world’s freest economy in the “Economic Freedom of the World: 2024 Annual Report” by the Fraser Institute and the 5th most competitive economy in the “World Competitiveness Yearbook 2024” by the International Institute for Management Development; and according to the “World Investment Report 2024” released by the United Nations Trade and Development in June 2024, Hong Kong was the 4th largest recipient of FDI inflow in 2023 globally.
Ms Lau said, “Egypt’s strategic location as a gateway to Africa and the Middle East, combined with its dynamic and diversified economy, makes it a natural partner for Hong Kong. Hong Kong, as Asia’s leading international financial hub and Asia’s business Launchpad, offers Egyptian enterprises a reliable platform to access Mainland China and the broader Asia-Pacific region.”
She added, “Our team in Cairo is ready to assist Egyptian companies to set up and expand their businesses in Hong Kong. We offer one-stop customised support services, from the planning to implementation stages. We look forward to working with you closely to unlock new opportunities across Asia.”
Hashtag: #InvestHK
The issuer is solely responsible for the content of this announcement.
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Owner-Operated Serviced Office CoWorkSpace Opens at 6 Raffles Quay Level 16, Offering Members Stable Pricing in a Landlords’ Market
As Singapore CBD office rents rise for a fifth consecutive quarter and vacancy hits a record low, CoWorkSpace aims to shield members from rent increases that flex operators typically pass through.
SINGAPORE – Media OutReach Newswire – 26 May 2026 – CoWorkSpace is conveniently located at 6 Raffles Quay #16-01, occupying an entire floor within the office tower and comprising more than 50 private suites designed for startups, SMEs, and established corporations across shipping, financial intermediaries, family offices, professional services, business consultancy, technology, and trade-related industries.
Hashtag: #ServicedOffice #Coworking #CoworkingSpace #RafflesQuay #RafflesPlace #SingaporeCBD #SGCBD #PrivateOffice #PrivateSuites #OwnerOperated #FlexibleWorkspace #BusinessAddress #SMESingapore #SGBusiness #CoWorkSpace
https://www.coworkspace.com.sg/
CoWorkSpace Serviced Office.
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JOYY Reports First Quarter 2026 Financial Results: Total Revenue YoY Growth Hits Multi-Year High
In the first quarter, JOYY’s total revenues reached US$555.7 million, up 12.4% year over year, representing the Company’s highest year-over-year growth rate in recent years. Social entertainment revenue increased 3.2% year over year to US$400.4 million. BIGO Ads ad tech and SHOPLINE e-commerce, the second growth engine of the Company, maintained strong growth momentum. BIGO Ads revenue reached US$124.8 million, up 55.6% year over year, while SHOPLINE contributed US$30.5 million, up 16.1% year over year.
In the first quarter, the Company’s non-GAAP1 operating income increased 22.5% year over year to US$38.0 million, while non-GAAP1 EBITDA grew 13.2% year over year to US$45.7 million. Operating cash inflow for the quarter was US$46.0 million. Net cash as of March 31, 2026 stood at US$3.18 billion.
Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028. The new shareholder return program amounts to approximately US$1.5 billion, underscoring JOYY’s confidence in its long-term growth potential.
- This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2026 Unaudited Financial Results” issued by the Company on May 26, 2026.
Hashtag: #JOYY
The issuer is solely responsible for the content of this announcement.
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“Made in Binzhou” Heads to Tianzhou-10 Cargo Spacecraft——Binzhou Sci-Tech Power Embarks on a Hardcore Space Mission
This initiative is a collaborative effort involving the University of Chinese Academy of Sciences (UCAS), the National Space Science Center of the Chinese Academy of Sciences, and the Binzhou Weiqiao UCAS High Technology Research Institute. The successful launch marks a historic “zero-to-one” breakthrough, representing the first time private sci-tech forces from Binzhou and indeed Shandong province have reached space. It also stands as China’s first in-space experiment to study the solidification of lightweight high-entropy alloys under the dual-field coupling of “microgravity and rotating magnetic fields.”
As a national-level “space laboratory,” the manned space station hosts world-class research facilities and serves as a core platform for disruptive innovation in new materials. This successful deployment not only highlights the institute’s cutting-edge research capabilities but also signifies a deep integration between corporate scientific research and national aerospace engineering. Looking ahead, the institute will continue its deep dive into frontier fields such as space materials and lightweight alloys. By strengthening collaborative innovation across industry, academia, and research, they aim to empower the upgrading of the new materials industry with technological innovation, contributing both wisdom and strength to the development of China’s manned space program and the cultivation of new quality productive forces.
Hashtag: #BinzhouInformationOffice
The issuer is solely responsible for the content of this announcement.
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