AWS To Open Data Centers In UAE
New cloud infrastructure region to launch in first half of 2022, allowing customers to run workloads and store data locally while serving end users...
GCC Investors Need to Look Wider for Growth Opportunities
Modest 2021 recovery forecasts for the GCC have increased the focus on diversification from the hydrocarbon sector, potentially opening up some less traditional growth...
Foreign Direct Investments into UAE Grow by 44.2 Percent in 2020
Foreign direct investment (FDI) into the United Arab Emirates (UAE) grew by 44.2 per cent in 2020 compared to 2019 and reached to a...
Musk Still Believes in Bitcoin – He Didn’t Sell Any
Elon Musk’s sudden u-turn regarding Bitcoin on Twitter - which sent prices plummeting by 30% - could be more of a PR stunt than...
Global Sell-off Should be a Reality Check for Investors
Concerns about inflation that are rattling global stock markets should be used as a reality check for investors, says the CEO of one of...
Worldwide Venture Investments Soared by 94% in Q1 2021 to All-Time...
For the first time in history, global venture investments surpassed $100 billion in Q1 2021. According to the research data analyzed and published by Sijoitusrahastot,...
Visa, Airbnb Partner to Get Hosts Paid Faster with Visa Direct
Visa, the world’s leader in digital payments, and Airbnb, a leading online marketplace for lodging and experiences, today announced Airbnb Hosts in select markets...
Resilience of Corporate Debt in Emerging Markets Expected to Continue
The percentage of Emerging Market firms defaulting on corporate debts due to the impact of the pandemic is expected to be lower than in...
Market Cap of Top Five Online Travel Companies Jumped by $54B...
The Covid-19 pandemic has hit the travel industry hard, including online travel agencies, whose revenues and reservations dipped to the lowest point in years...
Ethereum Expected to Break $5,000 and Hit Fresh All-time Highs
The Ethereum price is likely to hit $5,000 over the next seven days as the cryptocurrency reaches new all-time highs, predicts the CEO of...
Bitcoin’s April Trading Volume 7x Higher than Apple’s
Data acquired and calculated by Finbold indicates that bitcoin's trading volume of $1.84 trillion in April 2021 is at least 7.4 times higher compared to...
Encrypted Currency May Become the Next Digital Oil in UAE
Well Known Blockchain Investor Mr Ryan Xu said that in the first phase, they are going to move their crypto mining business in the...
New Mining Fork of Ethereum Completed to Incentivize The PoW Mining...
On April 15, 2021, Ethereum GeneSys successfully executed a mining fork of Ethereum. This fork, which took place in Toronto, is an effort to...
Investors Flock to Cryptocurrency Staking with $100 Billion Staked in Major...
Data acquired and calculated by Finbold indicates that the value of the top ten staked cryptocurrencies stands at $99.2 billion as of April 20, 2021.
Cardano (ADA)...
Soaring Demand Drives Gold-Backed Cryptocurrency Listing
A gold-backed digital asset has been added to a financial advisory and fintech organisation’s cryptocurrency app.
deVere Group added Pax Gold (PAXG) to deVere Crypto...
First Blockchain-enabled Precious Metals Refinery to Open in Dubai
DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and...
Liv. Launches UAE’s Most Flexible Credit Card
Liv., the digital only lifestyle bank by Emirates NBD, is expanding its millennial-friendly proposition with the launch of a unique credit card programme. The...
Deadline for DNFBPs’ Registration in Anti-Money Laundering Regulations Extended
The goal is not to impose violations, but to ensure compliance. The Ministry of Economy (MoE) announced the extension of the deadline granted to...