Ethereum Nears Recent Turning Point
The crypto market cap remained at $1.65 trillion.
Ethereum was a major growth driver, gaining 1.6% on the day to $2,350 and reversing to the...
DIFC Reaffirms Commitment to Advancing FinTech Ecosystem
New partnership agreement signed with Tribe Accelerator, the first Singapore government supported Blockchain accelerator to collaborate on knowledge sharing and events
DIFC Authority...
Saudi Arabia Triples VAT to Counter Economic Impact of Coronavirus
Saudi Arabia will increase its value-added tax, VAT, from 5 to 15 percent in July, the Finance Ministry said on Monday, as part of...
Oil Prices Recovery Expected to Impact Positively Domestic Markets
Global equities recorded one of their best weekly gains in two months, largely driven by stimulus measures and a surprise gain in US payrolls...
New Decree on Listing of Joint Stock Companies Encourages New IPO...
In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued...
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 Private Wealth Holders Set to Double Impact Investing Allocation over...
High net worth individuals, families, family offices, and foundations plan to increase their allocation to impact investing from 20 per cent of their...
Bitcoin Price Will Be “Permanently Hiked” By Institutional Investors
A Bitcoin price drop will trigger a surge in institutional investment, driving up the price permanently.
The observation from Nigel Green, chief executive and founder...
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...
Industry Insiders Optimistic About Financial Services in UAE for 2021
56% of respondents agreed that the outlook for remittances remains positive for the coming year
Companies rate changing demographic, labour mobility, unemployment and current pandemic...
World’s 10 Richest Fortune Soars by 56% to $1.1 Trillion Since...
As the rest of the world continues to recover from the effects of the coronavirus pandemic some of the global billionaires have benefitted from...
FAB Launches 2021 Global Investment Outlook Report
Report forecasts a good return to growth as economies emerge from COVID-19, but with a period of stabilisation before acceleration in late 2021
First Abu...
Quick Buy-to-Let Islamic Finance for British Expats Model Launched
Modern, paperless service disrupts traditional British Islamic finance.
Attractive investment proposition for UAE-based Britons, family offices or other investors with a preference for bricks and...
2021’s Major Investment Risks, Opportunities
Investment headwinds will “still exceed the tailwinds” in 2021 – but there could be more “major opportunities now than in perhaps the last 10 years”...
Crypto Businesses Now Able to Set Up at DMCC in Dubai
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has entered into a memorandum of...
‘UAE Asset Manager Of The Year’ Retains Position for 2nd Year...
Al Mal Capital PSC, a subsidiary of Dubai Investments and a diversified, multi-line investment institution, was awarded with the 2020 ‘UAE Asset Manager of...
Downward Pressure Expected to Continue within Global Equities
Global equity markets recorded their biggest weekly declines in the past 6 months amid fears of the economic impact of coronavirus and its potential...
Number of Bitcoin ATMs Up 70% in a Year, Hit Over...
Recent years have witnessed an impressive growth of the cryptocurrency market, followed by a surge in the number of people trading with bitcoin, as...