logo

News related to
Dubai

BlackRock,the world’s largest asset manager,is anticipating a surge of interest in Bitcoin exchange-traded funds (ETFs) from major institutional investors.These institutions,which include sovereign wealth funds,pension funds,and endowments,manage trillions of dollars collectively and their entry into the cryptocurrency space could significantly impact the Bitcoin market. BlackRock has reportedly been actively educating these institutional clients about the intricacies of Bitcoin and the newly launched spot Bitcoin ETFs.Unlike traditional futures-based Bitcoin […]

HPE Aruba Networking,a subsidiary of Hewlett Packard Enterprise that specializes in network infrastructure,recently disclosed four critical vulnerabilities in its ArubaOS operating system.The flaws,classified as remote code execution (RCE) vulnerabilities,could allow attackers to remotely seize control of affected devices. The vulnerabilities reside within the Aruba Platform Access Point Interface (PAPI),a core protocol used for managing Aruba access points.Attackers could exploit these weaknesses by sending malicious data packets to […]

United Arab Emirates’ Minister of State for Financial Affairs, Mohamed Al Hussaini, recently met with Ousmane Dione, the World Bank’s Vice President for the Middle East and North Africa (MENA) region. The high-level discussion, held at the UAE Ministry of Finance headquarters in Dubai, focused on strengthening collaboration on development initiatives critical to the region’s economic growth and prosperity. The meeting underscored the UAE’s commitment to working […]

Dubai residents experienced a slight increase in living costs last February, according to the latest consumer price index (CPI) data released by Dubai Statistics Center. The index rose by 0.43% compared to January, indicating a modest uptick in inflation. While the February increase was relatively minor, it follows a trend of gradual inflation observed throughout the past year. Since February 2023, Dubai’s CPI has risen by approximately […]

Dubai Holding, the investment conglomerate owned by the Dubai ruler, has undertaken a significant financial maneuver. They refinanced an $8.2 billion loan to consolidate debt held by two state-backed developers, Nakheel and Meydan, which they absorbed last month. This strategic move positions Dubai Holding to capitalize on the current boom in Dubai’s real estate market. The refinancing replaces older loan facilities with potentially more favorable terms, offering […]

Arabian Post Special Dubai Holding, the investment arm of Dubai’s ruler, has made a strategic move by refinancing a hefty US$8.2 billion loan. This debt consolidation replaced older facilities held by Nakheel and Meydan, two state-backed developers that were absorbed by Dubai Holding last month. This financial maneuver carries significant implications for the financial health of both the conglomerate and the wider Dubai landscape. Understanding the context […]

Arabian Post Staff – Dubai International Airport (DXB), a titan among global aviation hubs, could be facing retirement as the emirate sets its sights on a future dominated by a new mega-airport. Dubai Airports CEO Paul Griffiths hinted at the possibility of DXB’s closure in a recent interview, citing the impending completion of a new passenger terminal at Al Maktoum International Airport. Al Maktoum, boasting a capacity […]

Advertisements

The Dubai Health Authority (DHA) has announced the commencement of construction work for a brand new healthcare facility – the Al Mizhar Health Centre. This initiative underscores the DHA’s commitment to bolstering Dubai’s primary care infrastructure, ensuring ease of access to high-quality medical services for residents across the emirate. The announcement comes on the heels of the recently completed Al Barsha Health Centre, further solidifying the DHA’s […]

The Brane X speaker isn’t your average portable music player. Bucking the trend of sacrificing sound quality for size, the Brane X boasts a built-in subwoofer that delivers earth-shaking bass in a surprisingly compact package. This innovation has caught the attention of audiophiles and casual listeners alike, but is the Brane X all it’s cracked up to be? Central to the Brane X’s impressive bass is its […]

The Giving Movement, a United Arab Emirates (UAE)-based clothing company known for its eco-friendly practices, has emerged as a significant contributor to humanitarian efforts in Gaza. Since the recent conflict began, the brand has funneled over 3 million UAE dirhams (approximately $816,798 USD) to Dubai Cares, a leading philanthropic organization in the UAE. These funds are earmarked for immediate relief efforts in Gaza. Dubai Cares, working alongside […]

North Korea’s notorious Lazarus Group is suspected of laundering hundreds of millions of dollars in cryptocurrency over the past four years, according to blockchain researcher ZachXBT. The report, published this week, alleges that the state-backed hacking group has funneled roughly $200 million worth of stolen crypto into traditional fiat currency. The Lazarus Group has been linked to a string of high-profile cyberattacks in recent years, including the […]

Dubai International Financial Centre (DIFC) has solidified its status as a premier destination for the world’s wealthiest families. Boasting over 120 billionaires and ultra-high net worth individuals (UHNWIs) with a combined net worth exceeding $1 trillion, DIFC has played a key role in propelling Dubai to the top spot in the Middle East, Africa, and South Asia (MEASA) region for wealthy residents. On a global scale, Dubai […]

The Telecommunications and Digital Government Regulatory Authority (TDRA) joined the global chorus in celebrating International Girls in ICT Day on April 25th. The annual initiative, championed by the International Telecommunication Union (ITU), aims to bridge the digital gender divide and empower young women to pursue careers in Information and Communication Technologies (ICT). This year’s theme, “Leadership,” resonated throughout TDRA’s celebration held at their Dubai office. The event, […]

Dubai, a city synonymous with luxury shopping and opulent skyscrapers, has emerged as a surprisingly affordable destination for tourists, according to a recent study. The analysis, conducted by student travel company Rustic Pathways, ranked Dubai as the eighth most budget-friendly city out of the world’s ten most visited ones. The study considered the cost of various expenses a tourist would incur during a one-night stay, including accommodation, […]

Dubai Design Days, the emirate’s premier design fair, has returned, showcasing a kaleidoscope of exceptional creations and awe-inspiring installations. From March 14th to 17th, 2024, visitors were immersed in a world of cutting-edge design, featuring established and emerging talents from across the region and around the globe. This year’s edition placed a strong emphasis on showcasing design with a purpose. Sustainability was a major theme, with many […]

Dubai Electricity and Water Authority (DEWA) is solidifying its position as a leader in power distribution network performance by implementing a cutting-edge maintenance program – Reliability Centred Maintenance (RCM). This program signifies DEWA’s commitment to providing exceptional service through a proactive approach to grid upkeep. RCM goes beyond traditional maintenance practices by focusing on identifying potential failures before they occur. By meticulously analyzing equipment and historical data, […]

By Saifur Rahman Dubai Government will invest Dh128 billion (US$34.87 billion) in developing the world’s largest airport terminal at Al Maktoum International Airport, part of the 140-square km Dubai South Aerotropolis, which has a design-built capacity to handle 260 million passengers per annum. Al Maktoum International Airport will cover 70 square kilometres, or half of the 140-square kilometre Dubai South, which is ten times the size of […]

The Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a key driver of economic growth in the emirate, has unveiled a critical support package for businesses impacted by the recent severe weather. This initiative aims to bolster recovery efforts and empower SMEs to navigate the challenges brought on by the exceptional weather conditions. Dubai SME, a subsidiary of the Dubai Department of Economy […]

Franklin Templeton’s Ethereum ambitions took a step forward with the listing of their “Franklin Ethereum Trust Ethereum ETF” on the Depository Trust and Clearing Corporation (DTCC) website. This development, however, signifies a procedural milestone rather than a final green light. The DTCC listing represents a standard pre-launch step for ETFs, allowing for creation and redemption functions – crucial mechanisms for ensuring the fund’s market price aligns with […]

UAE leaders sent their warmest greetings to Ethiopia on the occasion of the country’s National Day. The President of the United Arab Emirates, His Highness Sheikh Khalifa bin Zayed Al Nahyan, sent a message of congratulations to President Sahle-Work Zewde of Ethiopia. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and […]

Grayscale, the world’s biggest digital currency asset manager, once again moved a significant amount of Bitcoin (BTC) to a Coinbase Prime address. The transfer, which occurred overnight, involved over 1,000 BTC, adding to a series of similar transactions in recent months. The reasons behind Grayscale’s repeated transfers of large Bitcoin sums to Coinbase Prime remain unclear. Some analysts speculate it could be linked to internal housekeeping, with […]

Morgan Creek Capital Management, a cryptocurrency investment firm, has made a bold prediction: a massive influx of capital from baby boomers is on the horizon. Mark Yusko, the firm’s CEO, believes this new wave of investment could reach $300 billion within a year, fueled by the recent approval of Bitcoin exchange-traded funds (ETFs). Yusko’s optimism stems from his belief that ETFs will finally provide a user-friendly and […]

The United Arab Emirates (UAE) is poised for a transportation revolution with the announcement of a partnership between the Abu Dhabi Investment Office and Regent, a US maritime transport company. This collaboration aims to bring high-speed, electric-powered seagliders to the UAE, drastically reducing travel times between key emirates. The agreement paves the way for the construction of Regent’s Viceroy seagliders within the UAE. These innovative vessels utilize […]

The Dubai International Financial Centre (DIFC) Courts solidified its position as a leading forum for resolving business disputes in the Middle East, according to the court’s recently released annual report for 2023. The English-language, common law court system witnessed continued growth across various case sizes, attracting both large corporations with complex legal matters and smaller entities, including small and medium-sized enterprises (SMEs) and individuals, for their disputes. […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
BYD prioritises GCC expansion with new investment plans // Uralungal contracts on Vigilance radar // Japan strengthens cyber defences after widespread data breaches // High Court invalidates Vizhinjam coastal erosion panel // SIT throws out Veena assault // Kochi apartment protesters threaten to block ministers // Complaint against DySP job for SFI leader // Altman holds Samsung talks on AI and chips // FBI identifies North Korean hackers behind Binance theft // Probe into judge’s conduct // Binance faces $3.75 billion withdrawal claim after reopening // Cong activists storm police station // Britain defends investment in Rolls-Royce narrowbody engine programme // 5 Reasons Not to Miss “CENTRAL ANNIVERSARY 2026 – WHERE WONDERS BLOOM” at Central Chidlom! A Star-Studded Opening with Namtan–Film and Billkin // Real Earning Unchanged In India With Low Quality Of Employment Growth // Democrats Still Maintaining Edge Over Republicans Two Days Before Polling // Visa and Senegal formalise two-year digital payments cooperation // Supreme Court registers contempt plea against Kerala Congress // Supreme Court Must Apply ‘Basic Structure’ Doctrine To Election Commission Row // MR ROBOT malware network targets bank customers across India //