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The Emirate of Ajman has introduced a new law aimed at bolstering investment in its property sector while safeguarding investor rights and enhancing transparency. This legislative move is part of a broader strategy to position Ajman as a premier destination for real estate investment. The law seeks to encourage private sector participation in developmental projects and attract both national and international investments across various domains. It is […]

Elon Musk’s social media platform, X, is facing potential fines from the European Union for alleged breaches of the Digital Services Act . The European Commission has initiated formal infringement proceedings, citing concerns over content moderation, deceptive user interfaces, advertising transparency, and restricted data access for researchers. The Commission’s investigation highlights that X’s “blue checkmark” verification system may mislead users by allowing any subscriber to obtain verified […]

Vietnam’s economic growth has decelerated in the first quarter of 2025, coinciding with the United States’ imposition of a 46% countervailing tariff on Vietnamese exports. This development raises concerns about the nation’s export-driven economy and its future trajectory.

The newly enforced tariff is expected to significantly impact Vietnamese exports, potentially affecting goods worth up to $37.5 billion, which represents approximately 2% of the country’s GDP. Key sectors such as electronics, machinery, apparel, and footwear are anticipated to bear the brunt of these tariffs, leading to increased prices for American consumers and prompting multinational companies to reconsider their supply chain strategies.

The U.S. administration justifies the tariff by citing concerns over Vietnam’s alleged unfair trade practices and substantial trade surplus with the United States. The tariff is part of a broader strategy targeting several Asian manufacturing economies, with Vietnam facing one of the highest rates. Other affected countries include China , Thailand , Indonesia , and South Korea . Even traditional U.S. allies like Japan and Taiwan have been subjected to tariffs of 24% and 32%, respectively.

Industry experts warn that these tariffs could lead to higher prices and reduced product choices for U.S. consumers. Companies are now evaluating their global supply chains, with some considering shifting operations to countries like Mexico, Brazil, and India to mitigate the impact. However, large-scale relocation of labor-intensive industries to the United States remains unlikely due to high domestic labor costs and a shortage of skilled workers.

In response to the tariffs, Vietnam is exploring strategies to mitigate the economic impact. These include diversifying export markets, enhancing product quality, and leveraging existing free trade agreements such as the European Union-Vietnam Free Trade Agreement and the Regional Comprehensive Economic Partnership . By broadening its market reach and improving the investment climate, Vietnam aims to navigate the challenges posed by the U.S. tariffs and sustain its economic growth.

Ondo Finance’s native cryptocurrency, ONDO, is currently trading at $0.8041, reflecting a slight decline of 0.0131% from the previous close. The token’s intraday performance has seen a high of $0.8216 and a low of $0.7952.

The recent downturn in ONDO’s value aligns with escalating global trade tensions, which have introduced volatility across financial markets, including the cryptocurrency sector. Analysts are closely monitoring the $0.786 support level, considering it a critical threshold for ONDO’s short-term price stability. A breach below this point could signal further declines, while maintaining above it may indicate potential for recovery.

Technical indicators present a mixed outlook. The Relative Strength Index for ONDO stands at 41.91, suggesting that the token is neither in overbought nor oversold territory. Additionally, an uptick in trading volume during price dips points to increased selling pressure. Conversely, the proximity to the $0.786 support level offers a possibility for a rebound if buyers re-enter the market.

Ondo Finance has been proactive in bridging traditional finance with decentralized finance . The platform focuses on tokenizing real-world assets, aiming to provide institutional-grade liquidity solutions. Collaborations with prominent financial entities such as BlackRock, Franklin Templeton, and PayPal underscore its commitment to integrating conventional financial instruments with blockchain technology.

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California has achieved a significant milestone in its transition towards sustainable transportation. The state now boasts 178,549 public and shared private electric vehicle chargers, surpassing the approximately 120,000 gasoline nozzles by 48%. This development underscores California’s commitment to expanding its EV infrastructure, facilitating the adoption of zero-emission vehicles. Governor Gavin Newsom highlighted this achievement, emphasizing the state’s dedication to providing consumers with more charging options. He noted […]

Oil markets witnessed a significant downturn as Brent crude, the global benchmark, tumbled over 13% in two days, settling just above $66 per barrel. This sharp decline follows the dual impact of OPEC+ unexpectedly increasing production and the imposition of new tariffs by President Donald Trump.

On April 4, 2025, Saudi Arabia led an initiative within OPEC+ to substantially boost oil output by 411,000 barrels per day starting in May. This move aims to penalize member countries like Kazakhstan and Iraq for consistently exceeding production quotas. The decision contributed to an 8% drop in oil prices, with Brent crude falling below $65 per barrel for the first time since 2021.

Concurrently, President Trump intensified trade tensions by imposing tariffs on imports from Canada, China, and Mexico. China responded with a retaliatory 34% tariff on U.S. imports, escalating fears of a global economic slowdown and further pressuring oil prices.

Goldman Sachs revised its 2025 oil price forecasts downward, cutting Brent crude to $69 and West Texas Intermediate to $66 per barrel. JPMorgan raised its global recession probability to 60%, up from 40%, reflecting growing concerns over economic stability.

The surge in supply and escalating trade disputes have led to significant losses in energy stocks. Major oil companies, including Chevron, APA, Occidental Petroleum, and Diamondback Energy, experienced notable declines. The Energy Select Sector SPDR ETF fell nearly 7% on the day and almost 13% for the week.

Analysts suggest that until production is significantly reduced, oil prices may continue to fall. The geopolitical backdrop includes U.S. relations with Saudi Arabia, key to both energy policy and diplomatic efforts related to Russia, Iran, and broader Middle East tensions.

In contrast, natural gas stocks have shown resilience, supported by rising LNG exports and less exposure to OPEC’s dynamics. Companies like EQT, Expand Energy , and Coterra Energy are highlighted as attractive investments due to geographic advantages and favorable valuations.

The current downward trend in oil prices is primarily driven by OPEC+’s decision to increase output and the introduction of U.S. tariffs. Analysts expect the tariffs to curb economic activity and demand for energy, weighing on oil prices. The bank also said higher-than-expected crude supply and a demand squeeze from softer U.S. economic activity and tariff escalation posed downside risks to oil price forecasts.

The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, decided on Monday to increase output for the first time since 2022, further pressuring crude prices. The group will make a small increase of 138,000 barrels per day from April, the first step in planned monthly increases to unwind its nearly 6 million bpd of cuts, equal to almost 6% of global demand.

The larger-than-expected decline in crude stocks supported the downward trend in oil prices, pointing to weakening demand in the U.S. The U.S. Energy Information Administration is expected to announce the official inventory data during the day.

The risks to oil prices remain tilted to the downside with new supply from OPEC+ and non-OPEC producers expected to push the market well into an oversupply. Brent prices on Wednesday fell to their lowest since December 2021 after U.S. crude inventories rose and in the wake of the decision by OPEC+ to increase their output quotas.

Oil prices had already been trading lower in the last few weeks, partly because of expectations that U.S. president Donald Trump could swiftly end Russia’s war in Ukraine. This, in turn, is likely to increase Russian oil output thanks to sanctions relief.

The benchmark previously dropped to $66.77 a barrel, the lowest since November. “The current downward trend in oil prices is primarily driven by OPEC+’s decision to increase output and the introduction of U.S. tariffs,” said Darren Lim, commodities strategist at Phillip Nova. He said another factor was President Donald Trump’s decision to pause all U.S. military aid to Ukraine after his Oval Office clash with President Volodymyr Zelenskiy last week.

Those politics are likely connected with the wheeling and dealing of Donald Trump, referring to the U.S. president’s calls for lower oil prices. U.S. tariffs of 25% on imports from Canada and Mexico took effect at 12:01 a.m. EST on Tuesday, with 10% tariffs on Canadian energy, while tariffs on imports of Chinese goods were increased to 20% from 10%. Analysts expect the tariffs to curb economic activity and demand for energy, weighing on oil prices.

The bank also said higher-than-expected crude supply and a demand squeeze from softer U.S. economic activity and tariff escalation posed downside risks to oil price forecasts. Chinese demand is also down, with a period of refinery maintenance looming, said Josh Callaghan, head of crude derivatives at Arrow Energy Markets.

Oil prices declined for a third day on Wednesday, as investors worried about OPEC+ plans to proceed with output increases in April, and U.S. President Donald Trump’s tariffs on Canada, China, and Mexico escalated trade tensions. Brent futures fell $1.02, or 1.44%, to $70.02 a barrel by 1149 GMT. U.S. West Texas Intermediate crude declined $1.33, or 1.95%, to $66.93 a barrel.

The Dubai International Aquatics Championships are set to feature the open water swimming and water polo competitions this weekend at the Hamdan Sports Complex. These events, scheduled for April 5 and 6, are part of the month-long championship running from March 21 to April 20, 2025. Organized in collaboration with the UAE Swimming Federation and local academies, the DIAC has attracted over 3,000 athletes from more than […]

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Emirati trainer Saeed bin Suroor is set to field Godolphin’s seasoned contenders, Dubai Future and Passion and Glory, in the Group 2 Dubai Gold Cup at Meydan Racecourse on Saturday, 5 April 2025. The Dubai Gold Cup, a 3,200-meter turf race, boasts a purse of $1 million and is a highlight of the Dubai World Cup meeting, which offers a total prize pool of $30.5 million.

Dubai Future, a nine-year-old gelding, returns to the track after a 14-month hiatus. Bin Suroor has expressed confidence in Dubai Future’s readiness, noting, “Dubai Future is having his first start for a while, although I have been really pleased with his work. He has gone well at Meydan before and I’m hoping for another good run.” The gelding has previously demonstrated his capabilities with three wins at Meydan and a notable victory in the Group 3 Nad Al Sheba Trophy on 21 February 2025.

Passion and Glory, another of Bin Suroor’s trainees, has also shown promise on the international stage. Reflecting on their performances, Bin Suroor remarked, “It was amazing to finally win the Bahrain Trophy after trying for a few years and to have the runner-up as well as a fantastic bonus. Dubai Future and Passion and Glory obviously both put in exceptional performances.”

The Dubai World Cup meeting is renowned for attracting top-tier talent from around the globe. Sheikh Rashed bin Dalmook Al Maktoum, Chairman of the Dubai Racing Club, highlighted the event’s prestige, stating, “We have received some outstanding nominations for the 29th Dubai World Cup meeting from all corners of the globe. This is a testament both to the outstanding facilities for horses at Meydan Racecourse and the strength of the Dubai World Cup meeting, one of the best days of racing on the global calendar.”

Bin Suroor’s impressive record includes nine victories in the $12 million Dubai World Cup race. He has emphasized the significance of the event, saying, “The race meeting was created to become the best in the world and it has exceeded all expectations.” His notable wins feature the legendary Dubai Millennium in 2000 and Thunder Snow, who made history as the first horse to win the race twice.

The Nasdaq Composite Index entered bear market territory on Friday, April 4, 2025, closing over 20% below its December peak. This significant downturn was precipitated by President Donald Trump’s imposition of a 10% tariff on all imports to the United States, with additional substantial levies targeting technology-centric nations such as China, Taiwan, and Vietnam. China’s swift retaliation, announcing a 34% tariff on all U.S. imports, intensified fears of a global recession and inflationary pressures.

Major U.S. stock indices experienced sharp declines. The S&P 500 fell approximately 2.5%, while the Dow Jones Industrial Average dropped nearly 2.45%, shedding 994.46 points to close at 39,551.47. Technology stocks bore the brunt of the sell-off, with Apple Inc. shares declining over 4%, following a nearly 10% drop the previous day. Nvidia and Broadcom each lost more than 7%, and Tesla shares plummeted almost 10%.

The newly announced tariffs, dubbed “Liberation Day” tariffs by the administration, include a universal 10% tariff on all imports and higher targeted tariffs for numerous countries. Economists warn that these measures could disrupt global supply chains, particularly impacting the technology sector, which relies heavily on components from China and Taiwan. The Semiconductor Industry Association expressed concern that the tariffs could stymie growth and innovation within the industry.

International responses were swift. The European Union signaled readiness to implement countermeasures, while the International Monetary Fund cautioned that escalating trade tensions pose significant risks to global economic stability. In the U.S., political figures across the spectrum voiced apprehension. Senate Majority Leader Mitch McConnell and Senator Ted Cruz criticized the tariffs, warning of potential harm to American workers and farmers.

Despite a robust March jobs report indicating the addition of 228,000 new jobs and a slight uptick in unemployment to 4.2%, market sentiment remained negative. Investors are now looking to Federal Reserve Chair Jerome Powell’s upcoming speech for insights into potential monetary policy adjustments in response to the escalating trade conflict.

The CBOE Volatility Index, a measure of market anxiety, surged to levels not seen since August 2024, reflecting heightened investor concern. Oil prices also declined significantly due to fears of reduced global demand amid the escalating trade tensions.

President Trump defended the tariff strategy, asserting that the measures are necessary to address longstanding trade imbalances and would ultimately benefit the U.S. economy. He urged investors to view the market downturn as a wealth opportunity.

Governments worldwide have recouped nearly $2 billion in unpaid taxes and penalties following the Panama Papers revelations, which exposed extensive networks of offshore accounts and shell companies used for tax evasion and money laundering. The 2016 leak of 11.5 million documents from Panamanian law firm Mossack Fonseca has led to significant financial recoveries and ongoing investigations across multiple countries. In Spain, authorities have recovered over €200 million, […]

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South Korea’s Constitutional Court has unanimously upheld the impeachment of President Yoon Suk Yeol, officially removing him from office. The decision follows Yoon’s controversial declaration of martial law in December 2024, which led to widespread political turmoil and public outcry. Acting Chief Justice Moon Hyung-bae stated that Yoon’s actions constituted a “serious challenge to democracy” and a “grave betrayal of the people’s trust.” He emphasized that the […]

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, have announced a significant policy shift by accelerating oil production increases. This decision, made during a virtual meeting on Thursday, involves eight member countries—Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman—agreeing to boost output by 411,000 barrels per day starting in May. This adjustment consolidates three months’ worth of planned increases into a single month, surpassing the initially scheduled 135,000 bpd increment.

This move aims to discipline member nations that have been exceeding their production quotas and to address concerns over market stability. The coalition emphasized that these adjustments could be paused or reversed depending on evolving market conditions, underscoring their commitment to maintaining equilibrium in the global oil market.

The announcement had an immediate impact on oil prices. Brent crude futures dropped by 7.1%, settling at $69.63 per barrel, while West Texas Intermediate declined by 7.8% to $66.15 per barrel. These declines represent the steepest single-day percentage drops since mid-2022, reflecting market apprehension about potential oversupply amid existing economic uncertainties.

Compounding these market jitters are newly announced tariffs by U.S. President Donald Trump. The administration has imposed a baseline tariff of 10% on imports from several global economies, raising fears of an escalating trade war that could dampen global economic growth and, consequently, reduce energy demand. Analysts have noted that these tariffs could lead to increased inflation and slower economic expansion, particularly affecting emerging markets in Asia, which are pivotal centers for oil demand growth.

The timing of OPEC+’s decision aligns with these geopolitical developments. By increasing supply, the alliance appears to be responding to external pressures, including calls from major consumers for more affordable energy prices. However, this strategy carries risks, as it may exacerbate price volatility and strain relations within the group, especially with members that have been advocating for more conservative production increases.

Market analysts are closely monitoring the situation, noting that the combination of heightened supply and potential demand contraction due to trade tensions could lead to a surplus in the oil market. This scenario may prompt OPEC+ to reassess its strategy in the coming months to prevent a prolonged downturn in prices.

The United Arab Emirates’ non-oil private sector experienced a deceleration in growth during March, as indicated by the latest S&P Global Purchasing Managers’ Index . The index declined to 54.0 from February’s 55.0, marking the lowest point since September. Despite this dip, the PMI remains above the 50.0 threshold, signifying continued expansion in the sector.

The moderation in growth is primarily attributed to a slowdown in new order inflows, which have decreased for the third consecutive month. The new orders index fell to 56.3 in March from 57.3 in February, reaching its weakest level since October. This trend suggests a tapering in demand momentum within the UAE’s diversified economy.

In response to mounting backlogs, companies have accelerated their input purchases at the fastest rate since July 2019. This proactive approach aims to address operational pressures and maintain service levels. However, employment growth has softened, registering its slowest pace in nearly three years, as firms encounter challenges in recruitment and workforce expansion.

Input prices have seen a moderate rise, with some businesses facing increased material costs, while others benefit from reduced transportation expenses. This nuanced cost landscape reflects the complex dynamics influencing the sector’s operational environment.

Dubai’s non-oil private sector also mirrored this slowdown, with its PMI dropping to a five-month low of 53.2 from 54.3 in February. The emirate experienced a rare reduction in employment levels, despite a continued, albeit slower, increase in new orders.

Nevertheless, businesses across the UAE maintain a positive outlook regarding future growth prospects. This optimism is underpinned by robust project pipelines and ongoing national infrastructure developments, which are expected to bolster the non-oil sector’s performance in the coming months.

Proton VPN has unveiled significant updates to its applications across Windows, iOS, and Android platforms, aiming to provide a more intuitive and customizable user experience. The Swiss-based company, known for its emphasis on privacy and security, has introduced these changes to streamline navigation and enhance functionality for its growing user base. The Windows application has undergone a complete redesign, aligning its interface with the modern aesthetics of […]

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Dubai’s Roads and Transport Authority has entered into a strategic partnership with Uber Technologies Inc. and autonomous driving technology firm WeRide to introduce self-driving taxis to the city’s transportation network. This collaboration aligns with Dubai’s ambition to transform 25% of all journeys into autonomous trips by 2030, as part of its Self-Driving Transport Strategy.

His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of RTA, emphasized the significance of this initiative, stating that the partnership represents a crucial step in advancing Dubai’s autonomous transportation goals. Noah Zych, Uber’s Global Head of Autonomous Mobility and Delivery Operations, expressed enthusiasm about the collaboration, highlighting the company’s commitment to integrating autonomous vehicles onto the Uber platform in Dubai, with WeRide as the initial technology partner.

WeRide, a Guangzhou-based autonomous driving company, has been expanding its global footprint. The firm previously launched a commercial robotaxi service in Abu Dhabi in December 2024, marking Uber’s first deployment of autonomous vehicles outside the United States. The expansion into Dubai signifies the second Middle Eastern city to feature WeRide and Uber’s autonomous ride-hailing service, further solidifying their presence in the region.

The collaboration will commence with pilot programs utilizing Uber’s technology to connect riders with WeRide’s autonomous vehicles, ensuring a seamless user experience. Details regarding the pilot program and subsequent phases are expected to be disclosed in the coming months. The initiative aims to enhance urban mobility by providing reliable and forward-thinking transportation solutions that align with Dubai’s vision for smart cities and future transport.

In addition to this partnership, RTA has been actively expanding its global collaborations with leading autonomous driving technology providers. The authority recently announced a partnership with Baidu’s Apollo Go to deploy autonomous taxis in Dubai, further advancing the city’s autonomous transportation objectives.

The introduction of self-driving taxis is anticipated to transform Dubai’s transport landscape by improving connectivity and reducing accidents. Trials for the autonomous vehicles are scheduled to commence this year, with a safety driver present during the initial phase. Commercial operations are projected to launch in 2026, contributing to the city’s goal of achieving 25% autonomous trips by 2030.

WeRide’s involvement in Dubai builds upon its global expertise in autonomous driving and complements Uber’s leadership in ride-hailing and mobility solutions. The partnership positions Dubai as a pioneering hub for smart transportation, leveraging advanced technology to enhance the city’s public transit system.

Dubai’s Roads and Transport Authority has entered into strategic agreements with Uber Technologies, WeRide, and Baidu’s Apollo Go to introduce autonomous taxi services in the emirate. These collaborations aim to integrate self-driving vehicles into Dubai’s transportation network, aligning with the city’s goal of making 25% of all journeys autonomous by 2030. Under the partnership, WeRide will deploy its autonomous vehicles through Uber’s platform in Dubai. WeRide, which […]

Eric Trump has announced a significant move into the cryptocurrency sector by partnering with Hut 8 Mining to establish American Bitcoin, a company aiming to become a leading force in Bitcoin mining. This decision follows the closure of multiple family bank accounts by major U.S. financial institutions.

In a recent interview, Eric Trump revealed that several prominent banks, including JPMorgan Chase, Bank of America, Capital One, TD Bank, and First Republic, terminated accounts associated with the Trump family. He described these actions as politically motivated and an attack on the family’s financial stability. Capital One has publicly denied these allegations, asserting that account closures are not influenced by political considerations.

The abrupt termination of these accounts prompted Eric Trump to explore decentralized financial systems, leading to his involvement in the cryptocurrency industry. He expressed that the experience underscored the vulnerabilities inherent in traditional banking and highlighted the potential of digital currencies to offer financial autonomy.

American Bitcoin emerges from a strategic partnership between the Trump-affiliated American Data Centers and Hut 8 Mining, a well-established player in the crypto-mining infrastructure sector. Under the terms of the agreement, Hut 8 holds an 80% stake in the new venture, while American Data Centers retains the remaining 20%. Eric Trump assumes the role of Chief Strategy Officer, with Matt Prusak appointed as Chief Executive Officer.

The company’s mission is to position itself as the world’s most efficient Bitcoin miner and to build a substantial strategic Bitcoin reserve. This initiative aligns with the broader objective of establishing the United States as a central hub for cryptocurrency innovation and operations. Donald Trump Jr. emphasized the family’s commitment to the value of Bitcoin, noting that mining offers opportunities beyond mere ownership of the digital asset.

The announcement of American Bitcoin has elicited varied reactions. Supporters view it as a forward-thinking move that leverages emerging technologies to circumvent traditional financial barriers. Critics, however, raise concerns about potential conflicts of interest, given the family’s political prominence, and the environmental implications associated with large-scale Bitcoin mining operations.

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Proton, the Swiss-based company renowned for its privacy-centric services, has introduced significant updates to its Drive and Docs applications. These enhancements aim to bolster user experience and collaboration capabilities across various platforms. However, the absence of a native Linux client continues to be a point of contention among users of the open-source operating system. The Proton Drive application for macOS has undergone a comprehensive overhaul, focusing on […]

Emails falsely claiming to be from the cryptocurrency exchange Gemini are circulating, sparking concerns of a growing scam targeting its users. The fraudulent messages allege that the company has filed for bankruptcy and urge recipients to click on a link to confirm account details or withdraw their funds before an impending shutdown. Experts warn that this is part of an ongoing wave of phishing schemes aimed at […]

Audi has initiated the deployment of virtual programmable logic controllers at its Böllinger Höfe facility in Germany, marking a significant advancement in automotive manufacturing. This initiative, part of Audi’s Edge Cloud 4 Production strategy, aims to enhance production efficiency and flexibility. The EC4P platform enables the virtualization of control systems, replacing traditional hardware-based programmable logic controllers with software-driven solutions. This transition allows for centralized management and real-time […]

The California State Assembly has introduced Assembly Bill 1052 , a legislative measure aimed at providing legal protections for individuals engaging with digital assets such as Bitcoin. The bill, spearheaded by Assemblymember Juan Carrillo Valencia, Chair of the Assembly Banking and Finance Committee, seeks to affirm the rights of Californians to self-custody digital assets and to use them as a valid form of payment.

AB-1052 explicitly recognizes the right of individuals and businesses within the state to accept digital financial assets for the sale of goods and services. It deems the use of such assets in private transactions as valid and legal consideration. Furthermore, the bill prohibits public entities from imposing taxes, withholdings, assessments, or other charges solely based on the use of digital assets as a method of payment. This provision aims to prevent discrimination against digital asset transactions by governmental bodies.

In addition to payment considerations, the bill addresses the management of unclaimed digital assets. It stipulates that intangible property held in a digital asset account will escheat to the state three years after certain conditions are met, such as the return of undelivered communication to the owner or the last exercise of ownership interest by the owner. Holders of private keys for such escheated digital assets are required to transfer them to a custodian designated by the Controller, ensuring that these assets are managed appropriately and securely.

AB-1052 also seeks to amend the Political Reform Act of 1974 by prohibiting public officials from issuing, sponsoring, or promoting any digital assets, securities, or commodities. This measure is intended to reduce potential conflicts of interest and political influence over emerging financial technologies. Public officials are further restricted from engaging in transactions or conduct related to digital assets that could create conflicts with their public duties.

The United Arab Emirates has ascended to the forefront of global cryptocurrency adoption, marked by a 41% year-on-year increase in crypto app downloads, totaling 15 million in 2024. In January 2025 alone, the nation recorded 3.55 million installations of crypto applications, underscoring a robust and growing interest in digital assets. Projections indicate that user penetration will reach 39.1% by the end of 2025, signifying the transition of cryptocurrency from a niche interest to a mainstream financial instrument within the country.

This surge is underpinned by a proactive regulatory environment. The Dubai Financial Services Authority has expanded its list of recognized crypto tokens, while the Abu Dhabi Global Market introduced the world’s first Distributed Ledger Technology Foundations Framework, providing legal structures for blockchain-based organizations. Furthermore, the Central Bank of the UAE approved AE Coin, the nation’s inaugural dirham-pegged stablecoin, facilitating faster and more cost-effective digital transactions.

A study by Atmos, a proprietary trading platform by Taurex, highlights the UAE’s leadership in the crypto space. The research indicates a cryptocurrency ownership rate of 25.3% among the UAE population, coupled with an adoption growth rate of 210%. Despite the presence of only one Bitcoin ATM, the UAE secured the top position in the study’s rankings, reflecting the country’s deep integration of digital assets into its financial ecosystem.

The UAE’s commitment to fostering a crypto-friendly environment is further evidenced by substantial institutional investments. Abu Dhabi’s MGX, a $330 billion investment vehicle backed by Mubadala, recently acquired a $2 billion minority stake in Binance, one of the world’s leading cryptocurrency exchanges. This move aligns with the UAE’s ambition to become a global crypto hub and demonstrates confidence in the transformative potential of blockchain technology.

On a regional scale, the Middle East and North Africa have experienced significant growth in the crypto sector. Between July 2023 and June 2024, the UAE received over $30 billion in cryptocurrency, ranking among the top 40 globally and establishing itself as MENA’s third-largest crypto economy. This influx underscores the UAE’s pivotal role in the regional digital asset landscape.

A surge in Studio Ghibli-style AI-generated images has ignited a significant uptick in the creation and valuation of related meme coins within the cryptocurrency market. This trend follows the introduction of OpenAI’s ChatGPT-4o model, which enables users to produce images emulating the distinctive aesthetic of the renowned Japanese animation studio.

On March 25, OpenAI unveiled the ChatGPT-4o model’s image generation feature, allowing users to craft visuals reminiscent of Studio Ghibli’s celebrated films such as “Spirited Away” and “My Neighbor Totoro.” This capability quickly gained traction on social media platforms, with individuals sharing their AI-generated Ghibli-style portraits. Notably, OpenAI CEO Sam Altman participated by posting an image of himself rendered in this style, describing the release as “a new high-water mark” for creative freedom.

The trend garnered further momentum as prominent figures in the tech industry joined in. Entrepreneur Elon Musk shared his own Ghibli-inspired portrait, while Ripple executives Brad Garlinghouse and David Schwartz also posted similar images. Their involvement amplified the visibility of the Ghibli-style AI imagery movement across various online communities.

This widespread fascination with Ghibli-style AI art has translated into the cryptocurrency sphere, leading to the emergence of several Ghibli-themed meme coins. Tokens such as “Ghiblification” and “GhibliCZ” have experienced remarkable surges in market capitalization. Ghiblification, for instance, reportedly achieved a market cap of $20.8 million within 19 hours of its launch, marking a 39,010% increase in value.

The Solana blockchain has become a notable platform for these tokens, with several Ghibli-inspired meme coins experiencing rapid gains. The integration of AI-generated art trends with cryptocurrency ventures has attracted both investors and enthusiasts, leading to heightened trading activity and speculative interest.

However, the rapid proliferation of these tokens has raised concerns regarding their legitimacy and the potential for market manipulation. The cryptocurrency market is known for its volatility, and the sudden popularity of themed meme coins can lead to speculative bubbles. Investors are advised to exercise caution and conduct thorough research before engaging with such assets.

Shiba Inu , the cryptocurrency that emerged as a meme coin, has demonstrated a remarkable trend in investor behavior, with a significant majority of its holders displaying long-term commitment. Data from IntoTheBlock reveals that 76% of SHIB holders have maintained their positions for over a year, surpassing the long-term holder percentages of both Bitcoin and Ethereum , which stand at 74% and 73% respectively.

This development is particularly noteworthy given Shiba Inu’s relatively recent entry into the cryptocurrency market compared to its more established counterparts. The data suggests a growing confidence among investors in SHIB’s potential, despite its origins as a meme-based digital asset.

Further analysis indicates that 22% of SHIB holders have retained their tokens for a period ranging from one to twelve months, while a mere 2% have held their assets for less than a month. This distribution underscores a trend toward long-term investment strategies within the SHIB community.

The average holding period for SHIB is reported at 2.6 years, which is notable when compared to Ethereum’s 2.4 years and Bitcoin’s 4.4 years. This metric reflects the duration investors are willing to hold onto their assets, indicating a level of patience and belief in the token’s future appreciation.

Despite this positive indicator of investor confidence, Shiba Inu’s price has experienced fluctuations. At the time of reporting, SHIB was trading at $0.00001616, marking a 3% decline over the past 24 hours. Such volatility is not uncommon in the cryptocurrency market, especially among tokens that originated from internet culture and memes.

The concentration of SHIB holdings among a few large investors, often referred to as “whales,” remains a point of discussion within the community. While high whale concentration can lead to concerns about market manipulation and liquidity, the increasing number of long-term holders may contribute to a more stable market environment for SHIB.

The Shiba Inu ecosystem has been expanding, with developments such as Shibarium, a Layer-2 blockchain solution, and ShibaSwap, a decentralized exchange. These initiatives aim to enhance the utility and adoption of SHIB, potentially influencing investor sentiment and contributing to the observed holding patterns.

In the broader context, the cryptocurrency market has seen a decline in the value of meme coins, with the market capitalization dropping from a peak of $137 billion in December to $56.2 billion by late February 2025. Despite this trend, SHIB’s strong long-term holder ratio suggests a resilient investor base that remains optimistic about the token’s prospects.

The increasing holding times among SHIB investors may also reflect a strategic response to market conditions, with holders opting to retain their assets in anticipation of future value appreciation. This behavior aligns with a broader trend in the cryptocurrency market, where investors are becoming more discerning and adopting long-term perspectives.

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A magnitude 7.7 earthquake struck central Myanmar at approximately 12:50 p.m. local time on March 28, 2025, causing significant tremors felt across Southeast Asia. The United States Geological Survey reported the epicenter near Sagaing, about 16 kilometers northwest of the city, at a shallow depth of 10 kilometers. This seismic event prompted evacuations and raised concerns about potential damage and casualties. In Myanmar’s capital, Naypyidaw, residents experienced […]

VEON Ltd., a global digital operator, has secured a 24-month, $210 million senior unsecured term loan from a consortium of international lenders, including ICBC Standard Bank and leading Gulf Cooperation Council banks. The facility bears interest at the Secured Overnight Financing Rate plus 425 basis points.

Kaan Terzioğlu, CEO of VEON, stated that this new debt facility reflects the market’s strong confidence in VEON’s strategy, financial health, and future.

This financing marks VEON’s return to the capital markets since relocating its headquarters from Amsterdam to Dubai. The move was completed in December 2024, following approvals from the company’s Board of Directors. The relocation aligns with VEON’s strategic realignment to be closer to key markets and leverage Dubai’s status as a global business hub.

The successful syndication of the term loan underscores the confidence international lenders have in VEON’s financial health and strategic direction. The involvement of prominent institutions such as ICBC Standard Bank and leading GCC banks highlights the company’s strong relationships within the global financial community.

In addition to strengthening its financial position, VEON has been actively investing in its operating markets. In June 2024, the company committed $1 billion to enhance Ukraine’s digital infrastructure through its subsidiary Kyivstar, demonstrating its dedication to supporting economic growth in the regions it serves.

The European Space Agency’s Euclid mission has released its inaugural dataset, capturing images of 26 million galaxies and providing an unprecedented glimpse into the cosmos. This monumental achievement marks a significant step toward understanding the enigmatic components of the universe: dark matter and dark energy. Launched in July 2023, Euclid embarked on its mission to map the large-scale structure of the universe. Positioned at the Sun-Earth second […]

A tourist submarine carrying approximately 44 individuals sank off the coast of Hurghada, Egypt, on Thursday morning, resulting in at least six fatalities and nine injuries. The vessel, identified as the Sindbad, was conducting an underwater excursion near the Red Sea harbor when the incident occurred. Emergency responders swiftly arrived at the scene, facilitating the rescue of 29 passengers. The injured, including four in critical condition, were […]

La Liga, in collaboration with EA SPORTS, has initiated the ‘Next Gen Draft’ programme in the United Arab Emirates , aiming to unearth and nurture young football talent. This initiative, part of the broader EA SPORTS FC FUTURES social impact programme, seeks to identify promising players globally and provide them with advanced training opportunities.

The programme commenced with practical trials at the High Performance Centre in Dubai Sports City, involving approximately 200 players from various academies across the UAE. These trials are designed to assess technical skills, talent, and mindset, focusing on building athletes with strong personal values and sporting character. The selection process will culminate in eight standout players—four boys and four girls—who will be granted an intensive development and training programme in Madrid. There, they will visit clubs in the Spanish capital and gain firsthand exposure to the Spanish football scene, an experience designed to inspire emerging youth talent.

The UAE was chosen for these trials due to its regional significance and the presence of advanced football academies. This initiative follows previous rounds in the United States and South Africa, with future stages planned in Vietnam and Guatemala. The talent selection programme focuses on a range of attributes, including technical skills, talent, and a positive mindset, aiming to build athletes with strong personal values and sporting character.

La Liga’s commitment to developing football talent extends beyond the ‘Next Gen Draft’. The league has established the La Liga Academy in Dubai, offering young UAE players a professional football experience with top-tier training and development. The academy’s programmes are tailored to enhance individual technique, game tactics, and strategic understanding, providing a comprehensive football education for players aged 4 to 17.

Dubai’s ambitious Palm Jebel Ali project is witnessing a significant revival, positioning itself as a prime destination in the global luxury real estate market. Originally launched in 2002, the development faced delays due to the 2008 financial crisis but was revitalized in 2023. Today, it stands as a testament to Dubai’s resilience and vision for expansive waterfront living. Spanning approximately 147 million square feet—more than double the […]

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