Browsing: Business

Islamic banking in the United Arab Emirates has achieved a significant milestone, surpassing AED700 billion in assets by the end of 2023, marking a historic moment in the country’s financial landscape. According to the latest data released by the Central

Uber Technologies Inc has reached a settlement agreement worth A$271.8 million ($178 million) to resolve a class-action lawsuit filed by Australian taxi operators and drivers, alleging financial losses due to Uber’s entry into the market. This settlement marks Australia’s fifth-largest,

Miral, a key developer renowned for crafting immersive destinations and experiences in Abu Dhabi, has announced the ambitious undertaking of developing two beaches within the vibrant Yas Bay Waterfront on Yas Island. This move seeks to further enrich the already

Bitcoin’s tumultuous Thursday sent shockwaves through the cryptocurrency market, resulting in over $800 million in liquidations. The sudden plunge in Bitcoin prices accounted for nearly $300 million in BTC-specific liquidations within 24 hours, while the broader crypto market witnessed additional

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

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

In the early hours of March 12, 2024, S&P 500 E-Mini futures (ESH24) indicated a positive trend, climbing by 0.30%. Investors were eagerly awaiting the release of the U.S. consumer inflation report, which was expected to provide insights into the

Bitcoin’s meteoric rise is fueling a surge in crypto wealth, with over 1,500 new millionaire wallets being minted daily, according to a report by Kaiko Research. These millionaire wallets, which hold substantial amounts of cryptocurrency, are witnessing a rapid increase

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

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.