Dubai Approves Municipality Restructuring to Create Dh10 Billion Economic Opportunities : The Crown Prince of Dubai, Hamdan bin Mohammed Al Maktoum, recently approved the restructuring of the Dubai Municipality based on a directive from the Prime Minister of UAE. The Dubai government announced
Dubai
Bahrain Enters Partnership with UAE, Egypt, and Jordan to Boost Industrial Strength : Bahrain Enters Partnership with UAE, Egypt, and Jordan to Boost Industrial Strength Bahrain recently joined an industrial bloc that includes UAE, Egypt, and Jordan. The partnership is called the Industrial Partnership for Sustainable Economic Development, and Bahrain’s participation
Dubai Unveils Metaverse Strategy: Plans to Become a Global Hub for NFTs Dubai has released a metaverse policy document that contains strategies to establish the Emirate as a globally recognised hub of the metaverse and other emerging technologies. The release was announced in a tweet by Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai. Among other
Bahamas-based FTX Acquires a Crypto License to Expand its Operations to Dubai : FTX, a Bahamas cryptocurrency company, has acquired a full crypto license in Dubai. This license issuance is coming after Dubai launched extensive plans to improve its blockchain industry and become a preferred destination for cryptocurrency companies. The Backstory As far back as […]
How Blockchain Can Transform Saudi Arabia’s Economy : How Blockchain Can Transform Saudi Arabia’s Economy Blockchain technology is certainly one of the many remarkable innovations of the past few decades. Since its advent, blockchain has greatly impacted several sectors, from finance to art. There is, however, so much more that one can do with technology. […]
Leading consulting firm predicts UAE financial wealth will reach $1 trillion by 2026 : Leading consulting firm predicts UAE financial wealth will reach $1 trillion by 2026 According to a new report by management consultancy firm Boston Consulting Group (BCG), UAE’s financial wealth is expected to reach $1 trillion in 2026. The report shows that […]
UAE Announces Plan to Build Space Satellite with $820 Million Investment Fund : UAE Announces Plan to Build Space Satellite with $820 Million Investment Fund The UAE has announced its plans to launch a comprehensive space program. The program includes plans to land on an asteroid, explore Venus, and probe the Martian orbit. These plans […]
UAE Reveals New and Stricter Laws for Gold Sourcing: Penalty as High as Dh5 Million : UAE Reveals New and Stricter Laws for Gold Sourcing: Penalty as High as Dh5 Million The UAE’s Ministry of Economy recently released a policy containing best practices for sourcing gold in the UAE. The policy also enforces stricter penalties […]
Visa and Dubai Health Authority (DHA) Sign Pact to Facilitate Emirate’s Tourism Industry : As part of the DHA’s broader plans to boost health tourism in Dubai, the Authority has signed a new Memorandum of Understanding with Visa. According to the DHA, the collaboration with the global payments company aims to promote Dubai as a […]
Was Joe Biden’s Visit to the Middle East Truly a Disaster : Was Joe Biden’s Visit to the Middle East Truly a Disaster On the 13th of July, Joe Biden arrived in the Middle East on a diplomatic visit. The arrival marked the President’s first visit to the Middle East since his emergence as the […]
UAE Set to Launch First-ever Metaverse Hospital : UAE Set to Launch First-ever Metaverse Hospital The United Arab Emirates (UAE) has announced that it will be launching the first hospital in the metaverse. This virtual hospital is set to go live in October. The healthcare provider, Thumbay group, would manage the virtual hospital. Notably, this hospital […]
Kraken and Rakbank Partners to Enable UAE Crypto Trading in Dirham : Kraken and Rakbank Partners to Enable UAE Crypto Trading in Dirham Kraken, a leading cryptocurrency exchange, has partnered with Rak Bank to enable crypto trading through Dirhams. Kraken is a global crypto exchange that facilitates the trading of crypto. Kraken was the first […]
Dubai’s Virtual Assets Regulatory Authority (VARA) has recently granted OKX a provisional virtual assets license. This license allows OKX to extend its operations to Dubai. Notably, OKX is a Seychelles-based cryptocurrency exchange formerly known as OKEx. The company specializes in facilitating crypto spot and derivatives trading. This approval-in-principle allows
As the UAE progressively opens up to blockchain technology and cryptocurrencies, global players are increasingly making a beeline to the Gulf state, to set up regional offices and begin trading operations in government-endorsed free zones specially set up for the purpose. One such global entity is New York-based Future Fintech Group (NASDAQ: FTFT), a leading […]
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Dubai, AE
2:19 am,
February 21, 2025
24°C
clear sky
