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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, 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 […]
By Girish Linganna As the polling for the 18th Indian Lok Sabha elections began on April 19, New Delhi is closely monitoring the growing conflict between Iran and Israel. The situation in the Middle East is creating risks for energy, security, and trade that could affect India, now the world’s most populous country. Harsh V […]
The post For India, Any Escalation Of Israel-Iran War Is Bad For The Country’s Economy first appeared on Latest India news, analysis and reports on IPA Newspack.
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 […]
The Emirates News Agency (WAM) and TV BRICS, a consortium of media outlets from the BRICS countries (Brazil, Russia, India, China, and South Africa), have inked a landmark agreement to exchange news content. Signed virtually on April 17, 2024, the pact positions WAM to broaden its global reach and amplify the UAE’s voice on the international stage, particularly within the influential BRICS bloc. WAM Director-General Mohamed Jalal […]
BEIJING, CHINA – EQS Newswire – 15 April 2024 – Musaab Al-Mulla, Aramco Vice President of Energy & Economic Insights, attended the inaugural One Earth Summit held in Hong Kong on March 25th, elaborating on Aramco’s sustainability initiatives. Themed “Planetary Crossroads: Investing in Innovations for a Sustainable Future”, One Earth Summit aims to set science-based targets and mobilize all the necessary capital to empower innovative solutions. Throughout […]
If you are considering starting a business, you definitely have to handle many responsibilities and wear several hats. Promoting your new business is a crucial yet sometimes neglected task. But if you get services from reliable PR firms in Dubai, you won’t need to bother contacting media organizations and trying to persuade them to publish an article about you. The best part is that you’ll have a […]
Foreign ministers from the United Arab Emirates (UAE) and South Korea convened on Sunday to discuss the ongoing crisis in Sudan. Sheikh Abdullah bin Zayed Al Nahyan, the UAE’s top diplomat, and his South Korean counterpart, Park Jin, reportedly exchanged views on the political and security developments in the African nation. The meeting, which took place in Abu Dhabi, UAE, comes amidst heightened international concern over Sudan’s […]
SHANGHAI, CHINA – Media OutReach Newswire – 10 April 2024 – The 32nd Shanghai International Electric Power Equipment and Technology Exhibition (EP Shanghai 2024) and the Shanghai International Energy Storage Technology Application Expo (ES Shanghai 2024) are proud to announce their global expansion strategy by participating as a Media Partner in the prestigious Middle East Energy (MEE 2024) exhibition. This collaboration is a significant step in the […]
HONG KONG SAR – Media OutReach Newswire – 10 April 2024 – On the path to recovery, Vietnam’s seafood exports reached nearly USD 2 billion in the first quarter of 2024, increasing 8 percent year on year, during which the US, Japan and China were the largest buyers, according to Vietnam Association of Seafood Exporters and Producers (VASEP). The country is forecasted to earn USD 9.5 billion […]
Cryptocurrency exchange Crypto.com has achieved a significant milestone in its global expansion plans after receiving a full operational license from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval makes Crypto.com’s Dubai subsidiary, CRO DAX Middle East FZE, the first fully licensed entity authorized to handle both fiat and crypto currencies within the United Arab Emirates (UAE). The development comes after Crypto.com underwent a multi-stage approval process established […]
Cryptocurrency exchange Crypto.com has secured a vital permit from Dubai’s Virtual Assets Regulatory Authority (VARA), paving the way for its debut in the Middle Eastern nation. Notably, this launch will cater exclusively to institutional investors. The full operational approval signifies the culmination of a multi-stage process for Crypto.com. In June 2022, the exchange received provisional approval under VARA’s MVP (Minimum Viable Product) licensing program. This initial license […]
The United Arab Emirates (UAE) extended a helping hand to the Philippines in the wake of a deadly landslide triggered by heavy rainfall in Davao de Oro province. The disaster struck the Elizalde district, leaving a trail of destruction and displacing thousands of residents. According to a statement released by the Emirates News Agency (WAM) on April 3, 2024, the UAE distributed food supplies to assist those […]
On Tuesday evening, a wave of unease rippled through UAE residents subscribed to Du mobile services. Many users reported experiencing issues with their network connectivity, leaving them unable to seamlessly utilize applications on their devices. The troubles began around 7:00 PM, as recounted by Aman D., a resident of JVC. D. detailed his struggle to stream music on YouTube across both his phone and television. His concerns […]
The Sharjah Sports Council has taken a significant step towards fostering athletic excellence within the Emirate by launching the Sports Excellence Leadership Programme. This program, unveiled on March 29, 2024, aims to recognize and empower sports clubs, institutions, and individuals who are making a positive impact on Sharjah’s sporting landscape. The initiative highlights Sharjah’s commitment to nurturing a robust sporting infrastructure. By acknowledging and supporting high-performing entities, […]
