Uae Financial News

05.07 / 11:31

CBDC regulation Cross-border India negotiates cross-border CBDC payments with global central banks

The Reserve Bank of India (RBI) is currently in dialogue with its counterparts from at least 18 other countries on the possibility of cross-border payments in the “digital rupee”.

05.07 / 05:03

Are free trade agreements benefiting India?

Free trade agreements (FTA) have been among the popular trade tools for many countries, with over 350 agreements currently in existence globally.

05.07 / 00:45

UPS Citi MET CEO Strategy Parke UAE announces plans to invest $54B in energy and triple renewable sources

The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands

04.07 / 06:27

Adoption Binance regulation SEC coinbase Crypto firms won't leave US despite apparent hostility: Merkle Science CEO

Despite recent narratives suggesting differently, the United States won't be losing its allure as a crypto hub, according to the CEO of blockchain analytics firm Merkle Science.

04.07 / 01:03

UPS Provident CEO SoftBank ByteDance Rajeev Misra’s $7 billion fund scouting for India opportunities after debut investment in Shapoorji Pallonji

Misra, who stepped back from his executive role at SoftBank Vision Fund (SVF) a year ago, is open to investing in domestic companies from his new venture, One Investment Management, through debt and equity deals. Misra told ET in an interview that One IM, which currently has a corpus of $7 billion, participated in a debt issue floated by the Shapoorji Pallonji group, making it the fund’s debut in India. The $50 million credit infusion was part of $1.7 billion raised by the Mumbai-based Shapoorji Mistry-controlled group through a bond sale that closed recently.

03.07 / 16:01

Cooper expansion SCO leaders’ meet starting today may see expansion push

NEW DELHI : The leaders’ summit of the Shanghai Cooperation Organization (SCO) takes places on Tuesday under the chairmanship of India, with a likely push for inducting Iran and possibly Belarus as new members. Apart from Prime Minister Narendra Modi, the virtual summit is set to be attended by President Xi Jinping of China, Prime Minister Shehbaz Sharif of Pakistan, President Vladimir Putin of Russia and the leaders of a number of Central Asian countries. The previous summit took place in Samarkand, Uzbekistan, in September last year.

02.07 / 16:17

MET Cooper Booking Citizens Sweden government condemns 'Islamophobic' Koran burning: ministry

Koran outside Stockholm's main mosque, calling it an "Islamophobic" act, after an international Islamic body called for measures to avoid future burnings. «The Swedish Government fully understands that the Islamophobic acts committed by individuals at demonstrations in Sweden can be offensive to Muslims,» the foreign ministry said in a statement.

01.07 / 12:45

UPS Citizens VISA Dreams Chase Immigration: Where in the world are Indians headed?

Now, with top economies seeking semi-skilled and skilled professionals to plug labour shortages, offering them extensive benefits and upgrading their standard of living, people's desire to migrate has reached an all-time high. Going by the numbers, Indians continue to chase the American dream with 7,88,284 of them relinquishing their citizenship in 2021, according to a Ministry of External Affairs data.

30.06 / 22:41

business Binance Latin America Bitfinex MicroStrategy expansion Crypto Biz: Binance’s chaotic June, miners gear up for halving, Bitfinex’s Latam expansion

June was a tough month for Binance, as it faced stress tests worldwide after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange and its leadership.

29.06 / 13:51

Citi Provident Target Binance Digital Bitcoin Swiss expansion services Swiss Private Bank Julius Baer Targets Dubai for Expansion of Crypto Wealth Services

Swiss private banking giant Julius Baer Group, that began offering Bitcoin and other crypto services to wealthy clients in May last year, is now expanding its crypto presence in Dubai.

28.06 / 01:57

UPS BTC Adoption Digital CEO Bitcoin El Salvador Serves as a ‘Beachhead’ in Bitcoin Battleground, Says Samson Mow

The JAN3 CEO Samson Mow has claimed that El Salvador can serve as a “beachhead” in the battle for global Bitcoin (BTC) adoption – and suggested other LATAM nations could “easily” follow the country’s lead.

27.06 / 13:23

Government regulation Bitcoin ByBit’s MVP license in Dubai ‘very restricted,’ CEO says

Dubai-headquartered cryptocurrency exchange Bybit already operates out of Dubai, but its current licensing doesn’t allow the firm to serve all customers, according to Bybit CEO.

26.06 / 10:25

Binance regulation Altcoin Europe European Union privacy coins Binance reverses decision to delist privacy coins in Europe

Binance has decided to reverse its plan to delist a number of privacy coins in Europe after it said it has revised operations in order to comply with local regulations.

26.06 / 09:15

business Adoption regulation Future Binance eyes United Arab Emirates as ‘focal point’ for future operations

The United Arab Emirates is becoming the next big focus for Binance in the wake of a slew of enforcement actions in the United States against the crypto exchange.

23.06 / 14:25

business event Adoption Banks Seba Bank Rising institutional interest is a 'bullish' sign for crypto: SEBA Bank exec

As more institutions go from only showing their interest in the crypto space into actually investing in Web3 projects, getting into crypto turns into a question of “when” rather than a question of “if” according to an executive from institution-focused crypto firm SEBA Bank.

23.06 / 13:13

event Blockchain Social Media Web3 identity Crypto scammers and the need for tools to prevent theft: World Token Summit

Digital fraud is a huge problem in social media. Each day, scammers create new accounts mimicking popular content creators, and attempt to get fans and other unsuspecting victims to send them money. To solve the problem, some turned to the blockchain to try to create and implement a decentralized social identity verification system.

23.06 / 11:15

Blockchain CEO licence Crypto.com gets licence in Spain

23.06 / 09:23

Adoption Tokens Forensic analysis can benefit from tokenization: World Token Summit panel

At the recent World Token Summit 2023 event held in Dubai, a panel discussed how the adoption of tokenization can be scaled further through various tools like address tracking and forensics analysis.

21.06 / 11:39

Abu Dhabi is the new Switzerland for Brevan Howard

Abu Dhabi is the new hot spot for Brevan Howard’s global expansion as the hedge fund moves its founding partner Trifon Natsis to the UAE capital.

19.06 / 14:51

SEC Terraform Labs Terra Montenegro Court Terraform Labs Co-Founder Do Kwon Found Guilty of Using False Passports in Montenegro Court

Terraform Labs co-founder Do Kwon was found guilty of using fake passports in a court in Montenegro on Monday.

19.06 / 01:07

CEO HANS Terra Terra’s Do Kwon Blames ‘Chinese-named Agency’ for ‘Fake Passports’

Do Kwon, the Terraform Labs founder and CEO, has told a Montenegro court that he did not know the “fake” travel documents he was allegedly trying to leave the country with were forged – and blamed a “Chinese-named agency.”

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