Bullish Bitcoin: Halving looms, miners face squeeze
Bitcoin’s mass adoption is growing and projected in the next four years to have around 1 billion users.Business
GCC telecom firms turn to Europe, Asia for expansion
Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home...Business
UAE taps Harvard lab to help build its economy
The new partnership between Harvard university’s Growth lab and the UAE’s Ministry of Economy is in line with the government’s...The UAE signed agreement with Harvard’s Growth Lab, specialized in theoretical and empirical research on determinants of growth
The two-year program under the agreement will see academic experts conduct evidence-based economic analyses and research
Binance may move to Dubai as part of crypto deal
TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of...TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.
Dubai is competing with Singapore, Switzerland, and other countries to become a worldwide hub for digital currency by developing a crypto-currency free-trade zone
Automechnika Dubai exhibits technological changes in auto sector
The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national...The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national pavilions
Industry analysts forecast the GCC’s automotive parts retail revenue will grow at a compound annual growth rate of 5.8 percent to US$6.84 billion in 2025
GCC Summit issues Riyadh Declaration
The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.They Gulf leaders seek to enhance solidarity and stability among GCC member states
The Supreme Council will hold its 43rd session under Oman’s presidency
Abu Dhabi Islamic Bank provides $270m in UK real estate finance
Over the last three years, ADIB has catered to the growing demand for commercial property investments in London as well...The bank closed two deals in the UK in the month of November alone, taking its UK portfolio to around AED2.5 billion.
ADIB also provided AED36 million to the Al Rajhi Legacy Fund on their acquisition of Olympus House in England.
Oman’s economic city Khazaen signs two pacts to carry out vital projects
Khazaen, Oman's fully integrated economic city, has signed two agreements worth more than Omani Riyal 1.5 million ($3.8 million) with...One of the agreements signed with an Omani company named Western Door Trading to set up a multipurpose logistics center.
The second agreement provides for the setting up of a processing unit and a warehouse with a capacity 20 tons a day.
12 Ajman banks sign pact with Department of Finance for easy payment plan
The Ajman’s Department of Finance has signed agreements with 12 local banks to offer an "easy payment plan", which allows...The plan allows payments for government service fees through installments through Ajman Pay platform.
Conditions and steps to apply for easy payment plan are defined by the participating banks.
Cooperation, security remain focus of GCC summit
The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity.The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity
The 42nd session of the Supreme Council of the GCC countries, chaired by Saudi Arabia, seeks to strengthen the process of cooperation
Borouge and ADNOC sign agreement
ADNOC L&S will manage integrated logistics for Borouge.The pact covers transportation and handling operations for Borouge-manufactured polymer products at Khalifa Port for export.
The new agreement will see 85 percent of its value flow back to the UAE’s economy, accelerating the development of critical local supply chain functions.
Mubadala and Bahrain’s sovereign wealth fund Mumtalakat sign pact
Mubadala Investment Company and Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, Tuesday signed a...The two entities will exchange knowledge and best practices to enhance investment and operational capabilities.
Our partnership with Mubadala will strengthen our collective operational capacity and bolster our historical ties.
