BusinessLatest Business and Company Updates
Major Bitcoin Withdrawals Highlight Market Volatility
Bitcoin has experienced a notable increase in outflows from exchanges, driven largely by large-scale transactions. Data indicates that substantial withdrawals have surged, reflecting a reaction from significant investors to the cryptocurrency’s fluctuating prices. This trend underscores the growing sentiment among major players to secure their holdings amid market volatility.Recent analytics
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Arada Eyes $500 Million Sukuk to Fuel Gulf Land Acquisitions
Arada Developments, the Sharjah-based property developer, is preparing to raise up to $500 million via an Islamic bond as it joins a wave of Gulf real estate firms turning to debt markets to fund expansion. The group plans to
UAE’s Top Banks Report $5.8 Billion Aggregate Income for Q2
The aggregate income of the UAE's ten largest banks surged to $5.8 billion in the second quarter of 2024. This impressive figure reflects a notable increase from the previous quarter, driven by robust economic activities and heightened banking sector performance
Burjeel Holdings Initiates 10% Share Buyback Programme Amidst Robust Financial Performance
Burjeel Holdings, a prominent super-specialty healthcare provider in the MENA region, has announced that its Board of Directors has authorised management to explore a share buyback programme of up to 10% of the group's share capital. This initiative is pending
