Rubicon Point Partners Announces First Close of Rubicon Point Fund II

SAN FRANCISCO, Aug. 07, 2025 (GLOBE NEWSWIRE) — Rubicon Point Partners announced its first close of Rubicon Point Fund II, a real estate investment vehicle targeting special situation opportunities across the West Coast, with a strategic focus on the San Francisco Bay Area. Launched in January 2025, Fund II is property-type agnostic, providing the flexibility to remain nimble and opportunistic in today’s rapidly evolving market environment. Fund II marks a return to Rubicon’s roots, investing in dislocated markets with the goal of generating outsized returns. Building on experience gained in the aftermath of the Global Financial Crisis, Rubicon aims to

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Bitget Protection Fund Reaches Record High of $779.7M in July 2025, Reinforcing Commitment to User Asset Safety

Bitget Protection Fund Reaches Record High of $779.7M in July 2025, Reinforcing Commitment to User Asset Safety VICTORIA, Seychelles, Aug. 07, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, today released its July 2025 Protection Fund Report, revealing a new peak in valuation and underlining its steadfast commitment to safeguarding user assets. As of July 22, the Protection Fund hit an all-time high of $779.7 million, reflecting strong capital backing during a period of elevated market activity. The fund’s daily valuation ranged from a low of $686.5 million on July 1 to the peak mid-month, while

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July Was Earth’s Third-Hottest on Record, Scientists Say

Ankara: Last month was Earth’s third-warmest July since records began and included a record national temperature in Trkiye of 50.5 degrees Celsius (122.9 Fahrenheit), scientists said on Thursday. Last month continued a trend of extreme climate conditions that scientists attribute to man-made global warming, even though there was a pause in record-breaking temperatures for the planet. According to Emirates News Agency, the EU’s Copernicus Climate Change Service (C3S) reported that the average global surface air temperature reached 16.68 C in July, which is 0.45 C above the 1991-2020 average for the month. “Two years after the hottest July on record,

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ADNOC Distribution Reports Record First-Half 2025 Results with 12% Growth in Net Profit

Abu dhabi: ADNOC Distribution today reported double-digit growth in its EBITDA and net profit for the first half of 2025. The company achieved its highest-ever first-half EBITDA of $566 million, up 10.0 percent year-on-year (YoY), driving a 12.2 percent YoY increase in net profit to $358 million. According to Emirates News Agency, the company also achieved record first-half fuel volumes of 7.62 billion litres, up 5.6 percent YoY. Bader Saeed Al Lamki, CEO of ADNOC Distribution, noted the success of their 2024-28 growth strategy, emphasizing operational excellence and customer-focused innovation. The sustained growth in EBITDA and net profit underscores the

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‘Mubaderoon 8’ Programme Cultivates Youth Through Volunteerism

Sharjah: The “Mubaderoon 8” field youth volunteer programme, organised by the Sharjah Social Services Department (SSSD) and targeting girls and boys aged 13 to 17, began from 4th to 14th August with broad participation from government agencies and institutions. The programme aims to instil a culture of volunteer work and develop human values and life skills among participants through a series of field programmes and training courses. According to Emirates News Agency, the programme includes four volunteer initiatives implemented over a two-week period. The first activity began on 4th August, with the “Quench Your Thirst” volunteer programme, in collaboration with

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Sharjah Cricket Stadium to Host International Matches Featuring UAE, Pakistan, and Afghanistan

Sharjah: The Emirates Cricket Board has completed preparations to host a series of international cricket matches featuring teams from the UAE, Pakistan, and Afghanistan at the Sharjah Cricket Stadium. These matches are scheduled to take place from August 29 to September 7. According to Emirates News Agency, this tournament will serve as a crucial opportunity for the participating teams to prepare for the upcoming Asian Cup, which the UAE is set to host in September 2025. The event will showcase some of the strongest cricket teams from Asia, allowing the participants to gain experience and enhance their skills and fitness

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China’s Foreign Trade Sees 3.5% Growth in First Seven Months

Beijing: China’s total goods imports and exports in yuan-denominated terms reached 25.7 trillion yuan (approximately US$3.6 trillion) in the first seven months of 2025, marking a 3.5 percent year-on-year increase, as revealed by official data on Thursday. According to Emirates News Agency, this growth rate represents an acceleration from the 2.9 percent increase recorded in the first half of the year. The latest figures were provided by the General Administration of Customs, indicating a steady rise in China’s foreign trade activities.

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UAE Leaders Congratulate President of C´te d’Ivoire on Independence Day

Abu dhabi: President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Alassane Ouattara of C´te d’Ivoire on the occasion of his country’s Independence Day. According to Emirates News Agency, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, also dispatched similar messages to President Ouattara and to Prime Minister Robert Beugr© Mamb©.

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