Category : Business

Non-oil trade between the UAE and the United States surged to an impressive $31.4 billion in 2023, marking a significant milestone in their economic relations. According to Danny E. Sebright, President of the US-UAE Business Council, this robust trade volume is expected to maintain its momentum throughout 2024, underlining the resilience......

Bitcoin faced a setback in its meteoric rise, with the flagship cryptocurrency witnessing a 6% overnight drop to $68,000 on Friday. While the exact catalyst for this decline remains elusive, analysts view it as a necessary correction amidst the currency’s recent surge. Throughout the year, Bitcoin has been on an upward......

In a monumental surge, spot bitcoin Exchange-Traded Funds (ETFs) in the United States experienced unprecedented inflows exceeding $1 billion in a single day, marking another milestone in the burgeoning cryptocurrency market. The data, sourced from BitMEX Research, underscores the escalating investor interest in bitcoin-related financial products. This surge in inflows signifies a significant shift......

Aldar Properties, a prominent real estate developer, has unveiled its inaugural residential project, Nouran Living, located in the bustling Marina District of Saadiyat Island. The announcement, made on Wednesday, signals Aldar’s dedication to enhancing the island’s residential and leisure offerings. Scheduled to commence construction in the fourth quarter of 2024, Nouran......

Gold prices have surged to record highs above $2,200 per ounce, sparking interest among investors. However, experts caution against chasing the market at its current levels, advising patience for potential corrections. Carley Garner, co-founder of DeCarley Trading, suggests that investors may have another opportunity to capitalize on gold’s momentum as it......

The Tokyo stock market concluded Tuesday’s trading session with a slight downturn, marked by a surge in buying activity among exporters. This surge, fueled by a weakened yen, managed to offset most of the losses experienced earlier in the day, particularly in the chipmaker sector. The Nikkei Stock Average, comprising 225......

According to the latest FBI Internet Crime Report 2023, losses stemming from cryptocurrency investment scams in the United States skyrocketed to $3.94 billion in the past year, marking a significant 53% increase from $2.57 billion recorded in 2022. The FBI’s report also reveals a broader trend in investment fraud, which surged......

Bitcoin, the digital currency famed for its wild price swings, has once again surged to new heights, only to see a rapid descent shortly after. After languishing for a couple of years, Bitcoin surpassed its previous all-time high of nearly $69,000 per coin, sparking lofty predictions of $100,000, $200,000, even......

The Central Bank of Egypt (CBE) has announced a significant shift in monetary policy, opting to let market dynamics dictate the value of the Egyptian pound (EGP). Simultaneously, the bank has raised interest rates by a substantial 6 percent. This decision, strategically timed just ahead of the holy month of Ramadan, represents the......

Sanad, a leading entity in aerospace engineering and leasing solutions under Abu Dhabi’s Mubadala Investment Company, has formed a groundbreaking partnership with Deucalion Aviation, a major force in aircraft asset management, financing, and investment. This collaboration is set to revolutionize Maintenance, Repair, and Overhaul (MRO) services for Rolls Royce Trent 700 engines, marking a......