Paxos, the company behind PayPal Holdings Inc.’s stablecoin, introduced a similar token that will pay a roughly 5% yield, as crypto firms rush to take advantage of elevated interest rates.
Crypto Analyst Bullish on Blue-Chip Altcoin, Sees Ethereum Price Shift
A prominent cryptocurrency analyst has ignited fresh optimism in the altcoin market, predicting a significant price surge for a leading alternative coin. The analyst, whose identity remains …
Arada awards AED1.48 billion contracts to build final two phases of Sharjah’s ‘Masaar’ project
Arada has awarded two contracts valued at AED1.48 billion for the construction of Sequoia and Saro, the final two phases of Masaar, the AED9.5 billion woodland megaproject in the Suyoh district of …
‘Invest in Sharjah’ holds roundtable to draw Chinese investors
The Sharjah FDI Office (Invest in Sharjah) recently organised a business roundtable to convene industry leaders and prominent business owners from China, and strengthen cooperation and investment in …
Etihad Rail and CSP Abu Dhabi partner on rail links to Khalifa Port
The two organisations will work together on connecting CSP’s operations to the UAE’s network of logistics hubs.
The Department of Community Development launches digital version of Sports For All policy in Abu Dhabi
It was unveiled at workshop organised to shed light on the policy in the presence of partners and specialists in the sports field …
UAE breaks new ground with its debut equestrian team heading to the Olympics
This athlete is leading the UAE’s first-ever Olympic equestrian team, making it a historic moment for his nation.
UAE’s Big Snub To Biden? MBZ Meets Taliban Leader Sirajuddin Haqqani After Putin Drops Big Hint
U.S. Arab Ally UAE President Sheikh Mohammed bin Zayed Al Nahyan met with the Taliban’s interior minister Sirajuddin Haqqani, who is wanted by the United States on an up-to $10 million bounty. Both …
UAE leader hosts Taliban official with $10M US bounty amid human rights concerns in Afghanistan
The leader of the United Arab Emirates met with Sirajuddin Haqqani, an official in the Taliban government wanted by the U.S. on a $10 million bounty.
UAE remains committed to Opec+ despite reports, minister says
T he UAE has been committed to Opec+, consumers and the market despite some media reports suggesting otherwise, energy minister Suhail Al Mazrouei told a panel in Russia’s St. Petersburg on Thursday.
UAE’s AMEA Power reaches financial close on the 120MW solar PV project in South Africa
UAE-based renewable energy developer AMEA Power announced on Thursday that it reached financial close on its 120MW Doornhoek Solar Photovoltaic (PV) project located in South Africa. The Power Purchase …
A French Expat Tries Buying in Dubai. What Could She Find for Under $1 Million?
After six years in the United Arab Emirates’ most populous city, a public-relations pro decided to put down roots and invest long-term. Here’s what she found.
Abu Dhabi edtech firm Alef’s IPO draws $20bn in orders
Alef Education’s shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital.
UAE government records revenues of $18.03bn in 2023
The figures were part of the consolidated financial statement published by the UAE’s finance ministry on Wednesday. As per the financial statement, total government assets reached Dhs391.7bn in 2023, …
Paxos Launches Yield Bearing Lift Dollar Stablecoin, But There’s a Catch
Paxos launches USDL stablecoin in Argentina, offering daily yields and high regulatory oversight, but not available in the US and other regions.
The Protocol: Another Episode in the Layer-2 Teams Drama
Linea, the layer-2 blockchain from ConsenSys, stopped producing blocks for an hour after an exploit on the decentralized exchange Velocore. After the issue was patched, the Linea team pledged that it …
Analyst Claims XRP Would Provide Lowest Returns with Highest Risk
Jason Pizzino believes that XRP would provide the lowest returns with the highest risk among the top 11 altcoins.