Tether chief executive Paolo Ardoino has attributed Bitcoin’s failure to match gold’s global reach to a generational divide among financial decision-makers, arguing that the cryptocurrency remains poorly understood by many of the people who control pools of capital. Ardoino said Bitcoin is still at an early stage of adoption compared with gold, whose role as a store of value and reserve asset has been embedded in financial […]
Arabian Post Staff -Dubai Al Mazunah Free Zone has lifted cumulative investment above OMR141 million after localising four new projects in the first half of 2026, according to figures released by its operator, the Public Establishment for Industrial Estates, or Madayn. The four projects carry investment of more than OMR620,000 and cover industrial and logistics activities as well as export offices. Together they will occupy more than […]
Arabian Post Staff -Dubai Ajman has completed a three-city tourism roadshow across Mumbai, Chennai and Hyderabad, using the campaign to deepen commercial ties with travel companies and promote the emirate more prominently in UAE holiday itineraries sold in India. The Ajman Department of Tourism, Culture and Media said the programme, held from August 30 to September 4, brought together travel agents, tour operators and other tourism partners […]
Arabian Post Staff -Dubai Jazan University has launched a project to establish the Jazan Future Skills Center, partnering with Atomcamp Arabia under the sponsorship of Saudi Arabia’s Ministry of Communications and Information Technology during LEAP 2026. The university said the centre is intended to accelerate technology localisation, develop specialised local expertise and strengthen national capabilities in artificial intelligence and other digital fields. It will also support entrepreneurship, […]
CoinRabbit has been named Best Crypto Lending Platform 2026 by International Business Magazine, adding an industry accolade to the crypto-backed lender as it expands beyond loans into broader digital-asset capital management. The Toronto-based company said the recognition covers a lending operation that has originated more than $1.45 billion in crypto-backed loans since its launch in 2020. International Business Magazine lists a 2026 awards programme and says its […]
Bitcoin ownership is estimated at about 5% of the world’s population, with India accounting for the largest number of holders, according to figures published by on-chain analyst Willy Woo. Woo’s country-level table, posted on September 1, places worldwide adoption in a range of 4.5% to 6%, equivalent to roughly 370 million to 500 million people. India is estimated to have about 68 million Bitcoin holders, representing 4.6% […]
The Gulf’s events and hospitality sectors are expanding at a pace few regions can match, and much of that growth is being carried on the backs of a workforce that barely existed in its current form a decade ago: flexible, on-demand talent. From five-star product launches in Dubai to sprawling exhibitions in Riyadh, the ability to scale a team up or down within days has become just […]
Blockchain networks are moving from experimental infrastructure towards a broader role in digital finance as developers increasingly raise transaction capacity and institutions test tokenised settlement at scale. The shift is being driven by advances in layer-two networks, data-availability systems and higher-capacity base chains to overcome the congestion, cost and latency that have limited blockchain use beyond cryptocurrency trading. Ethereum is pursuing simultaneous expansion of its main network […]
Two Thai businessmen have sued stablecoin issuer Tether in a New York court, alleging it froze $42.4 million in USDT months before US authorities obtained a seizure warrant. Nutthawat Rukthammachalern and Natthawat Kasamvilas filed the complaint in the US District Court for the Southern District of New York on August 31, challenging Tether’s decision to blacklist 10 Ethereum addresses containing 42,417,785.62 USDT. The plaintiffs allege Tether acted […]
South Korea’s Financial Services Commission has set February 2027 as the starting point for a three-stage expansion of tokenised securities, with the programme ultimately intended to support on-chain settlement linked to stablecoins. The roadmap, announced after a public-private consultative meeting on September 4, covers conventional assets including stocks, bonds and funds as well as fractional investment products. It is tied to amendments to the Act on Electronic […]
The International Monetary Fund has confirmed that all bitcoin added to El Salvador’s official holdings since June 2025 came from private donations, with no public resources used to expand the country’s cryptocurrency position. The disclosure was contained in an IMF statement issued after staff reached agreement with Salvadoran authorities on the combined second and third reviews of the country’s $1.4 billion Extended Fund Facility. The Fund said […]
Arabian Post Staff -Dubai Dell Technologies and Armada have signed a memorandum of understanding to develop containerised mobile and edge data centre solutions across Saudi Arabia, targeting organisations that need computing and storage capacity close to operations. The agreement, announced on Friday after being signed during LEAP 2026 in Riyadh, sets a framework for combining Dell’s enterprise hardware and infrastructure stack with Armada’s specialised mobile, containerised data […]
Trading in stocks and commodities through cryptocurrency platforms surged to about $778 billion in August, underscoring the rapid expansion of traditional-market products on venues built originally for digital assets. The total reflects a sharp rise in activity across perpetual futures and other products linked to equities, precious metals and commodities, as major crypto exchanges broadened their offerings beyond Bitcoin, Ether and other tokens. August data showed stock […]
Arabian Post Staff -Dubai Vice President JD Vance has rejected describing the United States’ confrontation with Iran as a war, arguing that major combat operations ended weeks ago despite a sharp renewal of strikes across the Gulf. “I wouldn’t call it a war,” Vance told reporters at a White House briefing on Thursday. “Right now, there is no active shooting.” He acknowledged that fighting had flared in […]
Arabian Post Staff -Dubai Nasdaq Dubai has listed $713 million of dual-currency green bonds issued by Industrial and Commercial Bank of China Limited through its Dubai International Financial Centre branch, adding another sizeable sustainable debt transaction to the exchange. The offering was issued under ICBC’s $20 billion Global Medium Term Note Programme and comprises two three-year tranches carrying the theme China-Arab States Renewable Energy Cooperation. The first […]
Bitcoin jumped about 5% to around $81,000 on Thursday as a sharp rebound forced leveraged traders betting on lower cryptocurrency prices to close positions, accelerating gains across the digital-asset market. The move lifted the world’s largest cryptocurrency back towards the upper end of its August trading range after it had spent much of the day around $77,000-$78,000. Market data showed heavy short-side liquidations as Bitcoin pushed through […]
Polymarket has formally opened perpetual futures trading across cryptocurrencies, stocks, equity indices and commodities, adding leveraged directional trading to a platform best known for prediction markets. The international Polymarket platform is offering leverage of up to 20 times on eligible perpetual contracts, allowing traders to take long or short positions without a fixed expiry date. Its live perpetual-futures pages list markets tied to Bitcoin, Ether, major technology […]
Pessimism sells. It always has. But investors who let fear set their strategy this year are, I believe, about to miss one of the more compelling setups markets have offered in some time. Eveywhere I look, the mood among investors feels heavier than the numbers actually justify. There is talk of central bank brinkmanship, and a market supposedly one bad news day away from falling apart, among […]
Standard Chartered has begun offering institutional clients spot trading in Bitcoin and Ether through its Dubai International Financial Centre entity, extending its regulated digital-asset business in the UAE from custody into trade execution. The bank said on Thursday the service makes it the first global systemically important bank to provide institutional digital-asset spot trading in the UAE. Eligible clients can trade the two largest cryptocurrencies through Standard […]
Arabian Post Staff -Dubai stc Bahrain has signed a strategic partnership with Tata Consultancy Services to transform its IT operations, introducing managed services and advanced automation as the telecoms provider seeks a more scalable, resilient digital infrastructure. The agreement, announced during LEAP 2026 in Riyadh, will focus on modernising stc Bahrain’s technology landscape and establishing what the company describes as a future-ready operating model. The programme is […]
Greenlogue/AP Mubadala Energy reduced Scope 1 and Scope 2 greenhouse gas emissions from its operated assets by 30.9 per cent in 2025, while cutting emissions and flaring intensity across its portfolio. The Abu Dhabi-headquartered company said in its 2025 Sustainability Report, published on Wednesday, that average emissions intensity fell by 12.4 per cent and flared gas intensity declined by 33.9 per cent across its operated portfolio. Mubadala […]
Arabian Post Staff -Dubai Keeta Drone has resumed commercial drone deliveries in Dubai after securing regulatory approvals from the Dubai Civil Aviation Authority, restarting service from Silicon Central Mall to eligible areas around Dubai Silicon Oasis. The company said customers can place food orders through the Keeta app from participating restaurants and beverage outlets, with autonomous drones carrying eligible deliveries to designated collection points. Orders can be […]
The GCC has emerged as one of the world’s leading markets for workplace artificial intelligence use, with 93 per cent of frontline employees using AI at least several times a week, Boston Consulting Group said. Adoption among managers and leaders across the region is even higher at 95 per cent, according to regional findings from BCG’s fourth annual AI at Work report, Strategy Matters More Than Tools, […]
Arabian Post Staff -Dubai The UAE will continue advancing major projects, economic initiatives and government reforms without waiting for “perfect conditions”, Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum said on Wednesday. Chairing the first Cabinet meeting of the new government season at Qasr Al Watan in Abu Dhabi, Sheikh Mohammed said federal teams must sustain delivery while reinforcing the systems, infrastructure and international […]
