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Ras Al Khaimah Embraces Crypto with Tether-RAKDAO Alliance

The emirate of Ras Al Khaimah in the United Arab Emirates is poised for a surge in cryptocurrency adoption thanks to a new collaboration between Tether, the world’s largest stablecoin issuer, and RAK Digital Assets Oasis (RAK DAO). This strategic partnership aims to propel the use of Bitcoin and stablecoins within the region through educational initiatives and fostering a crypto-friendly environment. Tether, the company behind the USDT […]

Make-A-Wish International Chooses Abu Dhabi for Global Summit

The Emirati capital of Abu Dhabi will be the stage for Make-A-Wish International’s upcoming annual conference, the “Global Wish” summit. The event, scheduled for June 3rd and 4th of 2025, is a significant win for the city, solidifying its growing reputation as a hub for global humanitarian efforts. The news was met with enthusiasm from Sheikha Sheikha bint Saif Al Nahyan, the honorary president of the Make-A-Wish […]

Strategies for Succeeding in Online Trading Within the UAE’s Evolving Digital Economy

The landscape of online trading in UAE has been transformed by the rapid evolution of the digital economy. This region has emerged as a hub for financial technology, driven by robust regulatory frameworks and advanced technological infrastructure. For forex traders who navigate this market, understanding the unique aspects of the UAE’s trading environment is crucial for success. Key Factors Influencing Online Trading in the UAE Regulatory Environment […]

Trio for Transformation: UAE, Azerbaijan, and Brazil Join Forces to Combat Climate Change

The United Arab Emirates (UAE), which holds the presidency of the upcoming Conference of the Parties (COP28) on climate change, has announced a significant collaboration with Azerbaijan and Brazil, the future hosts of COP29 and COP30 respectively. This “troika” initiative aims to solidify international efforts in achieving the critical goal of limiting global warming to 1.5 degrees Celsius (°C). The urgency of this mission stems from the […]

Telecoming slated to join Telecoms World Middle East 2024

DUBAI, UAE – EQS Newswire – 16 May 2024 – Telecoming, sportech company specializing in developing and distributing mobile experiences for sports and entertainment, will take part, for the second year in a row at Telecom World Middle East 2024, scheduled for May 28-29. The company’s involvement in the event is part of a strategic initiative aimed at strengthening its presence in the region by partnering with […]

OceanX and Indonesia Launch Mission to Explore the Marine Wonders of Indonesia

Global ocean exploration nonprofit sets sail in Indonesia on a first-of-its-kind Southeast Asian mission that combines science, education, and media to support the advancement of ocean science and marine education in the region, contributing to the battle against climate change. BALI / JAKARTA, INDONESIA- Media OutReach Newswire – 15 May 2024 – Global ocean exploration nonprofit OceanX, together with the Coordinating Ministry of Maritime Affairs and Investment […]

Bay of Lights to Host New International Convention and Exhibition Center in Cambodia Through Groundbreaking Partnership with AIM Global Foundation

SIHANOUKVILLE, CAMBODIA – Media OutReach Newswire – 13 May 2024 – In a historic move, AIM Global Foundation and Canopy Sands Development (CSD) have signed a Memorandum of Understanding (MOU) today to jointly develop an international convention and exhibition center in the Bay of Lights, Sihanoukville, Cambodia. Representatives from AIM Global Foundation and Canopy Sands Development sign a MOU at the 2024 AIM Congress, initiating a landmark […]

Middle East Contracts in Jeopardy for Petrofac

Petrofac, a major oil and gas service provider, faces potential disruption to ongoing projects valued at a staggering $6. 6 billion across the Middle East and North Africa (MENA) region. Analysts warn that Algeria and the United Arab Emirates (UAE) could be the most significantly impacted. This development comes amidst a period of uncertainty for Petrofac. The company recently underwent a financial restructuring and continues to grapple […]

L7 to Showcase Leadership in Digital Asset Management at Crypto Expo Dubai 2024

DUBAI, UAE – Media OutReach Newswire – 10 May 2024 – L7, a leader in Web3 digital asset management and traffic aggregation, is thrilled to announce its participation in Crypto Expo Dubai 2024, scheduled for May 20-21. As a diamond sponsor for the event, L7 is set to play a pivotal role in this premier gathering. Hosted by Hqmena, the event stands as a cornerstone for the […]

Men’s College of Technology Triumphs in Higher Education Swimming Championship

Abu Dhabi, UAE – The Men’s College of Technology (MCT) in Abu Dhabi has solidified its position as a force to be reckoned with in the aquatic arena after claiming the top prize at the Higher Education Institutions Swimming Championship. The MCT swimmers delivered an impressive performance throughout the competition, outshining their rivals with a combination of raw talent and unwavering determination. News of the MCT victory […]

European Crypto Giant Makes Tracks for UAE Market

Bitpanda, a leading European cryptocurrency platform and the first Austrian unicorn company, has set its sights on the burgeoning crypto market in the United Arab Emirates (UAE) by launching Bitpanda MENA. This strategic move positions Bitpanda to capitalize on the region’s increasing demand for digital assets and establish itself as a key player in facilitating crypto trading for a new wave of investors. The UAE has emerged […]

European Crypto Giant Bitpanda Makes Move into UAE

European cryptocurrency platform Bitpanda, a leader in the field and Austria’s first unicorn company, announced its expansion into the Middle East with the launch of Bitpanda MENA. This move positions Bitpanda to capitalize on the burgeoning crypto market in the United Arab Emirates (UAE) and the wider region. The company aims to be a key player in facilitating the growth of cryptocurrency trading and bringing digital assets […]

UAE Solidifies Fintech Prowess at Dubai Summit

The 2024 Dubai FinTech Summit has underscored the United Arab Emirates’ (UAE) position as a frontrunner in fostering financial and technological advancements across all sectors, according to Jihad Faitrouni, CEO of Unlimited Insurance Services (UIS). Faitrouni’s remarks came during a statement to the Emirates News Agency (WAM) on the sidelines of the summit, which concluded on May 7th, 2024. The event, held under the patronage of His […]

Ruler of Ras Al Khaimah Extends Condolences to Saudi King

Sheikh Saud bin Saqr Al Qasimi, the ruler of Ras Al Khaimah, joined other leaders from the United Arab Emirates (UAE) in offering condolences to King Salman bin Abdulaziz Al Saud, the Custodian of the Two Holy Mosques, following the passing of Prince Mansour bin Badr bin Saud bin Abdulaziz Al Saud. The news of Prince Mansour’s death in late April prompted an outpouring of sympathy from […]

Unleashing Growth: DIFC Emerges as Premier Global Hub for Family Businesses

More than 440 registered foundations and over 600 active entities affiliated with top family businesses and individuals in DIFC as of 2023. Home to more than 120 of the world’s wealthiest families and individuals, with a total net worth exceeding USD 1trn. Dubai ranked 1st in MEASA region and among the world’s top 22 cities in terms of wealthiest population centres in 2023 with over 68,500 HNWIs. […]

Report: BRICS+ likely new counterpoint to G7-led geopolitical order

LOS ANGELES, UNITED STATES – Newsaktuell – 30 April 2024 – The expansion of the BRICS group of nations into what has informally been named BRICS+ could highlight a geopolitical shift, with the new grouping positioning itself as a counterpoint to the Western-led geopolitical order, a report published by the Luskin School of Public Affairs at the University of California Los Angeles (UCLA) argues. A potential counterpoint […]

Response Plus Holding Announces AED20 Million Dividend Payout to Shareholders

The Board of Directors of Response Plus Holding PJSC (ADX: RPM), the leading pre-hospital care and emergency medical services provider in the UAE and Saudi Arabia, announced a AED20 million dividend distribution to shareholders for the fiscal year ending December 31, 2023. This decision, ratified during the company’s Annual General Assembly held on April 26, 2024, reflects Response Plus Holding’s strong financial performance and commitment to rewarding […]

Early Morning Tremors in UAE as Minor Earthquake Rattles Khor Fakkan

Residents in the United Arab Emirates awoke to a slight tremor in the early hours of Saturday morning, as the National Centre of Meteorology (NCM) recorded a 2.8 magnitude earthquake. The quake struck at 3:03 am local time, centered off the coast of Khor Fakkan, a city on the UAE’s eastern shore bordering the Musandam Peninsula. According to the NCM, the temblor originated at a depth of […]

Telecom Giant Du Eyes Crypto Integration for FinTech Platform

Dubai’s Emirates Integrated Telecommunications Company (du) is exploring the possibility of incorporating cryptocurrency and investment tools into its recently launched FinTech service, du Pay. This move signifies du’s ambition to transform itself from a telecommunications provider into a comprehensive financial solutions platform. Nicolas Levi, CEO of the new FinTech unit, revealed this strategic intent during the du Pay launch. He highlighted the potential of crypto and investment […]

Advanced Insights for Navigating the UAE’s Financial Landscape for Indices Traders

The United Arab Emirates (UAE) presents a dynamic financial landscape that offers substantial opportunities for advanced indices traders. The region’s markets are characterized by their robust economic frameworks, strategic global positioning, and innovative financial products. For those engaged in indices trading, understanding the intricacies of the UAE’s financial markets can significantly enhance trading strategies and investment outcomes. Understanding the UAE’s Financial Market Structure Regulatory Environment: The UAE’s […]

UAE Emerges as Cryptocurrency Hub in the Middle East

The United Arab Emirates (UAE) is rapidly becoming a leader in cryptocurrency adoption within the Middle East, according to a recent report by Bitget Research. The report highlights a surge of 166% in the average daily number of crypto traders across the region, reaching 500,000 in 2024. The UAE stands out as a frontrunner, with a significant portion, 72%, of its crypto users actively invested in Bitcoin. […]

Emaar Properties Announces Record Dividend

Emaar Properties, Dubai’s leading developer, capped off a banner year in 2023 with robust sales and a significant payout to shareholders. At their recent Annual General Meeting, the company announced a record-breaking dividend of Dh4.4 billion (US$1.2 billion), reflecting their impressive financial performance. This generous distribution underscores Emaar’s commitment to rewarding investors and highlights the company’s strong financial health. The news of the hefty dividend comes on […]

For India, Any Escalation Of Israel-Iran War Is Bad For The Country’s Economy

Crypto Giant Binance Takes Flight in Dubai, Targets 200 Million Users Worldwide

Global cryptocurrency exchange Binance has secured a full operational license in Dubai, a move poised to significantly accelerate the adoption of digital assets within the United Arab Emirates (UAE) and solidify the country’s position as a progressive player in the burgeoning crypto industry. This virtual asset service provider (VASP) license, granted by Dubai’s Virtual Assets Regulatory Authority (VARA), empowers Binance to broaden its offerings beyond its current […]