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Hong Kong Convention Ambassadors of 12 Sectors Celebrate Achievements of Securing 70 Conventions in Appreciation Night

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HKTB

HONG KONG SAR – Media OutReach Newswire – 22 May 2024 – The Hong Kong Tourism Board (HKTB) hosted the Hong Kong Convention Ambassador (HKCA) Appreciation Night on 20 May (Monday) at Rosewood Hong Kong to honour ambassadors from across 12 sectors for their exceptional success in bringing about 70 conventions to Hong Kong, attracting about 70,000 high-spending visitors. These achievements solidify the city’s status as a premier global hub that consistently draws world-class events and conferences to its shores.

Dr Pang Yiu-Kai, Chairman of HKTB said, “The programme has proven its value in just three remarkable years. We are truly grateful to have over 140 top leaders from the local business community and the Mainland as advocates for Hong Kong’s conventions sector. The HKCAs have collectively achieved resounding success by bringing in conventions of their respective sectors, ranging from medical sciences to innovation & technology, financial services, aviation & transportation, professional services and more. These world-class conventions are a strong testament to Hong Kong as a premier MICE destination and underline the city’s position as a leading international business hub.”

Sharing Success Stories under the Theme “Driving Success Together, as One”Highlights of the Appreciation Night was a panel discussion featuring Dr Pang and three industry leaders who brought in some significant world congresses to Hong Kong, namely Ms Angela Yau Shing-Yam, Director of Hong Kong Harp Society; Dr Janice Tsang, oncology specialist and clinical assistant professor of the University of Hong Kong’s Li Ka Shing Faculty of Medicine and Mrs Vivian Cheung, Chief Operating Officer of the Airport Authority Hong Kong.

Aviation and Transportation Events Taking Off

Mrs Vivian Cheung recounted Hong Kong International Airport’s recent success in securing multiple conventions and exhibitions to the city, including, IATA World Cargo Symposium 2024, Super Terminal Expo 2024, Routes World 2025 and more.

“Hong Kong’s role as an international aviation hub and our track record as the world No. 1 air cargo hub, coupled with the latest development of the Airport City, make it an ideal city for global aviation pioneers to push forward high-level exchanges in our city,” she said.

Medical Sciences Carving out Lion’s Share

A lion’s share of HKCAs are leaders of the medical sciences industry. The regional and global medical congresses brought in by these HKCAs comprise more than half of recent event wins.

Dr Janice Tsang said, “Thanks to the collective efforts of the medical community, Hong Kong has a high professional standing in medicine and a passionate community that makes Hong Kong the place to meet. More importantly, the professional bidding support from the HKTB – from venue solicitation to bid proposal preparation, site inspection support and more – has been crucial for bid success.”

Financial Services Underwriting Growth Potential

As an international financial centre, the city has also recently secured a number of insurance conventions, including the East Asian Insurance Congress 2024 slated for 24-27 Sep and GAMA LAMP Asia 2024 on 7-9 Oct, expected to bring in close to 3,000 overseas delegates.

Ms Selina Lau, Chief Executive of the Hong Kong Federation of Insurers, said, “Hong Kong is exceptionally well-positioned to host world-class insurance conventions. Situated at the heart of Asia, a rapidly growing region with immense market potential, Hong Kong serves as a gateway to the Mainland, particularly the thriving Greater Bay Area. From an insurance industry standpoint, 12 of the 20 largest insurance companies globally maintain an operational presence in Hong Kong. The city’s robust fundamentals, favourable policies, and robust systems provide a conducive environment for the insurance market to flourish.”

Concerted Efforts Making Hong Kong the Meeting Place for the World

The Appreciation Night also celebrated achievements across many other sectors, from innovation and technology to arts and culture, sports, education, social services, and tourism and hospitality. Notably, Hong Kong has been selected as the destination of choice for high-profile technology and Web3 events such as SmartCon 2024 and Consensus Hong Kong 2025.

With the growing HKCA alliance, backed by strong government support and HKTB’s redoubled strategic bidding efforts, Hong Kong will further reinforce its compelling value proposition for hosting successful world-class conventions of any industry, leveraging the city’s world-class business settings and unique position as a super-connector.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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