Three major Abu Dhabi entities, including a sovereign wealth fund, plan to launch a stablecoin fully regulated by the central bank of the United Arab Emirates and backed by the dirham, a move that …
UAE to launch Dirham-backed stablecoin
IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE) and …
UAE FAB Bank and sovereign wealth fund ADQ to launch AED stablecoin
As stablecoins take center stage, banks globally and in the UAE are embracing the digital assets era. UAE First Abu Dhabi Bank (FAB), IHC, and ADQ sovereign investor will be launching a new AED-backed …
Nad Al Sheba mall is now open: Here’s everything you can find inside
Here’s a first look at the just-opened Nad Al Sheba mall, which officially opened its doors on Friday April 24.
Costco’s New Dubai Chocolate Ice Cream Bars Have Customers Divided—Here’s Why
W e are officially in our Dubai chocolate era. Even though the trend gained notoriety a year ago, it shows no signs of slowing down anytime soon. After all, you can’t really go wr …
‘I’ve retired in Dubai aged 30 thanks to my property empire’
Luigi Newton is busy running his Nottinghamshire property empire from a sun lounger beside a pool with views of the Burj Khalifa.
DP World tests hydrogen crane at Vancouver Port
DP World tests hydrogen crane at Vancouver Port . Find the latest news from the maritime industry on the PortNews website.
du plans for AI-driven data center with Microsoft
Valued at AED 2 billion ($544.54 million), the data center project will be developed in partnership with Microsoft. The Arab telco noted that new facility will enhance du’s existing network of data …
UAE petrol price prediction: Will costs rise in April?
UAE lowered retail fuel rates by up to 2 fils per litre this month from February 2025 Dubai: With the UAE set to announce petrol and diesal prices for April 2025 in the coming days, residents who …
Israel favors upgrading US free trade deal, economy minister says
Israel has proposed revamping its four-decade-old free trade agreement with the United States, its economy minister said on Monday, as it looks to head off tariffs from its closest ally.
Sharjah Masters International Chess Championship set to begin on May 16
The Sharjah Cultural and Chess Club has announced the launch of the 8th edition of the Sharjah Masters International Chess Championship.
UAE to launch Dirham-backed stablecoin for digital economy
IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central …
UAE launches ‘Digital Wallet’ to provide integrated financial services to companies
The Ministry of Human Resources and Emiratisation (MoHRE), in cooperation with Abu Dhabi Islamic Bank, has launched the …
IHC, ADQ, FAB pioneer UAE Dirham-backed stablecoin for digital economy
IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE) and …
Abu Dhabi doubles down on crypto as wealth fund, FAB, IHC join forces for new stablecoin
By Federico Maccioni DUBAI (Reuters) -Abu Dhabi sovereign wealth fund ADQ, conglomerate IHC, and the UAE’s biggest lender by assets First Abu Dhabi Bank (FAB) are planning to launch a new stablecoin …
Over 1,000 Emiratis genetically tested before marriage as part of UAE’s mandatory program
The decision to mandate genetic testing was announced in December 2024 by the UAE’s Ministry of Health and Prevention (MoHAP).
Satellite images reveal destruction after Iran port explosion kills at least 46
Satellite images analyzed by The Associated Press have showed the devastation of an explosion that rocked one of Iran’s main ports as the death toll rose to 46 people with …