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Month: May 2025

Posted on 20/05/2025

Abraaj Restaurants Group Announces It Has Become The First Bitcoin Treasury Company In The Middle East

Al Abraaj has acquired an initial amount of 5 Bitcoin. In alignment with the evolving financial landscape and the growing institutional interest in Bitcoin, Al Abraaj will build on this initial …

Posted on 20/05/2025

Arthur Hayes on Bitcoin’s route to $200,000, holding gold and why ‘hated’ Ethereum is due for a comeback

Arthur Hayes is a famous figure from the early days of Bitcoin, who co-founded the off-shore BitMEX exchange in 2014 before running afoul of U.S. regulators. Hayes recently pleaded guilty to failing …

Posted on 20/05/2025

UAE pull off historic chase to stun Bangladesh in Sharjah thriller

UAE stunned Bangladesh in a dramatic finish to the second T20I, chasing down a record 206 with just one ball and two wickets to spare at the Sharjah Cricket Stadium on Monday night.

Posted on 20/05/2025

Donald Trump Calls Disney Abu Dhabi Resort “Incredible” After Meeting With Bob Iger

During his visit to Abu Dhabi last week, Donald Trump made a passing reference to a meeting he had days earlier with Walt Disney Co. CEO Bob Iger. Iger, Trump said, showed him recently announced plans …

Posted on 20/05/2025

Pentagon touts major defense partnership with United Arab Emirates

The Trump administration plans to establish a “Major Defense Partnership” with the United Arab Emirates (UAE), bilateral cooperation that could mean joint weapons development and closer military …

Posted on 20/05/2025

Nvidia, UAE’s MGX Plan to Build Europe’s Largest Data Center

Nvidia Corp. and Abu Dhabi investment vehicle MGX are partnering with French firms to establish what they say will be Europe’s largest artificial intelligence data center campus, advancing French and …

Posted on 19/05/2025

AI fuels Dubai’s property boom; draws millennial buyers

Dubai’s property market, long an epitome of architectural marvels and reimagined luxury, is undergoing a seismic shift, not through towering skyscrapers or sprawling waterfront estates, but through …

Posted on 19/05/2025

Dubai property scam: 28-year-old remanded over $61,900 fraud

A 28-year-old Ugandan man residing in Lamtara 1, Jumeirah, Dubai, has been remanded to Luzira Prison for allegedly defrauding a Uganda People’s Defence Forces (UPDF) officer of over $61,900 …

Posted on 19/05/2025

Qualcomm and e& partner to boost 5G, edge AI in UAE

Qualcomm Technologies and e& will work together on 5G edge AI gateways for industrial and enterprise use, among other initiatives.

Posted on 19/05/2025

Call me, maybe — even in the middle of nowhere? What to know about Elon Musk’s Starlink direct-to-cell service

Starlink could make WiFi-anywhere possible, without updating your LTE phone Recent tests show direct-to-cell-capable 5G unmodified smartphones can work in “dead spots” – and without the need …

Posted on 19/05/2025

70% of UAE consumers use AI to shop, a 44% increase on 2024 numbers

Seventy per cent of consumers in the UAE now use AI to support their shopping, a 44 per cent increase compared to 2024, a report showed on Monday. Adyen, the global financial technology platform of …

Posted on 19/05/2025

Sheikh Hamdan launches ‘Dubai PropTech Hub’ to make Dubai real estate global leader

Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, Chairman of The Executive Council of …

Posted on 19/05/2025

Ripple launches cross-border blockchain payments in UAE

Ripple, the creator of cryptocurrency XRP (XRP), launched cross-border blockchain payments in the United Arab Emirates (UAE), a development that could spur the adoption of cryptocurrency in a country …

Posted on 19/05/2025

Structure, Substance and Strategic Tax Planning: Nirav Shah on Why the UAE is Earning Global Trust

Shah praised the UAE’s Golden Visa programme, family-friendly ecosystem, and lifestyle infrastructure, noting how these have all contributed to a dramatic rise in global wealth relocation. But he …

Posted on 19/05/2025

DGFT Aligns Import Policy Schedule With Changes Made In Customs Tariff Plan

The budget introduced new harmonised system codes for key items like gold dore, silver dore, and platinum containing at least 99% platinum.

Posted on 19/05/2025

HODL 2025 Wraps Up Landmark Dubai Edition, Announces 31st Global Edition in Riyadh, Saudi Arabia

HODL 2025 concluded its highly anticipated Dubai edition today at Madinat Jumeirah, bringing together a powerful mix of blockchain pioneers, Web3 innovators, DeFi leaders, regulators, and …

Posted on 19/05/2025

India central bank gives Emirates NBD ‘in-principle’ nod to set up local unit

The Reserve Bank of India has given “in-principle” approval to Emirates NBD Bank PJSC to set up a wholly owned unit in India, the central bank said on Monday. Emirates NBD, Dubai’s biggest bank by …

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