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.
Coinbase Unveils User-Friendly Crypto Wallet in Bid for Mass Adoption
In a move aimed at accelerating cryptocurrency adoption, Coinbase, a leading digital currency exchange, unveiled its new user-friendly crypto wallet this week. The wallet, designed for both novice and …
These Dubai restaurants have just been named in the World’s 50 Best
Showing the world what we already knew, the UAE’s food scene is outstanding… One of international gastronomy’s most coveted lists, The World’s 50 Best Restaurants held its 2024 award ceremony is Las …
Mercure Dubai Barsha Heights certified by global sustainability organisation for a ninth consecutive year
Achieving gold certification of the internationally renowned Green Globe Certification (GGC) programme …
The world’s largest shopping mall is about to get even bigger
The 12-million-square-foot mall is already the largest shopping center in the world by total area, and the expansion will add a further 240 luxury stores, along with new food outlets. Adjacent to the …
Sharjah Innovation Park intensifies its health technology focus, ties up with ICPM to set up Healthcare Hub
SHARJAH, UAE: The Sharjah Research, Technology and Innovation Park (SRTI Park) is intensifying its focus on Health Technology — as one of the four key pillars of its ecosystem – by setting up a …
Sharjah’s Arada Developments plans five-year sukuk – IFR
The real estate developer flagged the mandate for a five-year senior unsecured Reg S sukuk, fixed income news service IFR reported …
Abu Dhabi’s first IPO of the year draws US$20 billion in orders
Abu Dhabi’s first initial public offering of the year drew in orders of US$20 billion, as appetite for listings in the Gulf remains healthy. Read more at The Business Times.
Abu Dhabi’s Etihad, China Eastern form joint venture to boost growth
Etihad Airways said the commercial venture will be implemented in early 2025 when the two carriers secure governmental approvals.
Abu Dhabi to establish Centre of Excellence for rare diseases
The upcoming hub will focus on haematology, neurology, and metabolic disorders. Abu Dhabi’s Department of Health (DoH), in collaboration with AstraZeneca, is set to unveil a Centre of Excellence (CoE) …
Never find a parking space in Dubai? That’s about to change
Your parking woes may soon be a thing of the past as the city is adding 7,456 new parking spaces by the end of the summer
Dubai’s Barasti reopens pool and deck area after fire
Dubai’s Barasti Beach Bar on Thursday reopened its pool and deck after they were closed for three days due to a fire at the venue. The blaze broke out in the Barasti Beach Shack area of the popular leisure spot on Monday morning.
Boeing’s Starliner is finally space-bound with two astronauts
The NASA-funded programme besieged with several delays and going over budget; Rival SpaceX’s Elon Musk congratulates the launch …
H.H. Sheikh Hamdan Inaugurates Dubai AI Campus Cluster At DIFC Innovation Hub As Part Of Efforts To Increase AI Adoption
Phase one of the Dubai AI Campus cluster is a 10,000-square-foot space, and has already been completed with over 75 businesses registered.