Dubai – The word offshore banking often evokes quite a number of unsavoury connotations. It’s associated with tax evasion, money laundering and high-level of secrecy, but the truth is that anyone can …
Abu Dhabi’s XRG targets gas, LNG capacity of 20-25 million tons a year by 2035
XRG, the international investment arm of Abu Dhabi National Oil Company, said on Tuesday it aims to have a gas and LNG business with capacity of between 20 million and 25 million metric tons per annum …
Dubai is taking a leadership role in real estate tokenisation
Dubai is taking a leadership role in the Middle East in real estate tokenisation that, according to Dubai Land Department, will reach to a market value of Dh60 billion ($1 billion), while the global …
How Moniepoint received approval to acquire a Kenyan Bank
Nigeria’s fintech, Moniepoint, has been approved by the Competition Authority of Kenya to acquire a 78% stake in Sumac MfBThe deal will allow Moniepoint to enter Kenya’s tightly regulated financial …
Crypto Daybook Americas: Bitcoin Weakness Fails to Stop Corporate Adoption Wave
The cryptocurrency bull run has stalled since bitcoin (BTC) hit a record high above $110,000 last month. However, corporate adoption continues at a brisk pace. Shares in Norway-based crypto exchange …
Solana Foundation signs MOU with Dubai’s Virtual Assets Regulatory Authority
Solana (SOL) price posts mild gains, trading around $160 at the time of writing on Tuesday, as the SOL Foundation signs a Memorandum of Understanding (MOU) with Dubai’s Virtual Assets Regulatory …
Solana Foundation Signs Crucial MoU With Dubai’s VARA: Details
Solana Foundation and Dubai’s Virtual Assets Regulatory Authority (VARA) have signed an MoU to establish the Dubai Solana Economic Zone.
Ripple’s Stablecoin RLUSD Gets Regulatory Nod In Dubai
Ripple’s XRP/USD U.S. dollar-backed stablecoin RLUSD has received regulatory approval from the Dubai Financial Services Authority (DFSA), allowing it to be used as a legal payment mechanism within the …
Taiwanese crypto exchange BitoPro confirms estimated $11.5 million hack
BitoPro, a Taiwanese crypto exchange, confirmed on Monday that it was “attacked by hackers” during a recent system upgrade after a crypto sleuth brought attention to $11.5 million worth of suspicious …
Brits flock to Dubai to avoid tax hikes, but are they ‘forgoing their British values’?
Caller Michael’s daughter is emigrating to Dubai for the ‘sake of her children and her sanity’, but are they ‘forgoing their British values’, asks Tom Swarbrick.
UAE: Plastic, crude oil, laundry microfibers top causes of seabird deaths, study finds
Analysing the digestive tracts of 478 dead seabirds from 17 species collected from the Arabian Gulf and Gulf of Oman, the study revealed the severe consequences of marine pollution on coastal wildlife …
Spark Capital launches wealth management operations in Dubai’s DIFC
India’s Spark Capital Private Wealth Management (Spark Capital PWM) has established its operations in the Dubai International Financial Centre (DIFC) through its subsidiary, Spark Global PWM Private …
All India-Abu Dhabi traffic rights exhausted, time for aviation authorities to explore expansion of bilaterals, says Etihad CEO
While acknowledging that Etihad and possibly even Indian carriers may not have the aircraft capacity currently to add additional seats between India and Abu Dhabi, Antonoaldo Neves, the Group Chief …
UAE is rapidly becoming the go-to destination for the world’s wealthiest families
With its tax advantages, strategic location, and progressive regulatory framework, the UAE is redefining wealth management, attracting global HNWIs and UHNWIs …
UAE investors flock to food, retail and hospitality stocks ahead of holiday surge
As the UAE prepares for the Eid holidays, local equity markets are experiencing a familiar seasonal trend: a shift in investor focus toward food, retail, and hospitality stocks, driven by an …
UAE President, German Chancellor discuss ways to enhance bilateral cooperation
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the Chancellor of the Federal Republic of Germany, His Excellency Friedrich Merz, held a phone call today to discuss ways of …
Ripple Stablecoin RLUSD Gets Green Line For Use In Dubai’s DIFC
Ripple’s RLUSD stablecoin has received the greenlight from Dubai’s financial regulator, clearing the way for it to be used within the DIFC.