#UNITEDARABEMIRATES News

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UAE's biggest company is adding an AI-powered observer backed by Microsoft to its board

fortune.com Abu Dhabi’s International Holding Co. is adding an AI-powered observer to its board, a move that the $238 billion firm said will help human board members make better…

Turkish Traders Welcome OKX.TR: Goes Live with TRY Trading Pairs

financemagnates.com OKX, the cryptocurrency exchanges, has unveiled OKX.TR, a localized platform tailored for Turkish traders. The new exchange offers trading pairs denominated in Turkish Lira…

OKX Expands to Turkey as Part of Global Expansion Plan

coindesk.com None Last year, the crypto exchange announced its plan to expand into the country. • None OKX.TR will offer its Turkish customers USDT/TRY, BTC/TRY, and ETH/TRY. Crypto…

Modern royal scandals from around the world

theweek.com While the British royal family consistently dominates global headlines, there are more than 40 other countries in the world that still have monarchies. While many of these…

Tabby Launches Subscription Service That Expands Acceptance of BNPL

pymnts.com Tabby, a shopping and financial services app active in Saudi Arabia, Kuwait and the United Arab Emirates (UAE), has launched a subscription service in the UAE that allows…

QIA to invest $1 billion in international and regional venture capital funds

techcrunch.com The Qatar Investment Authority (QIA) is launching a $1 billion venture capital (VC) fund of funds for international and regional venture capital funds, the sovereign wealth…

US Prosecutors File Motion Asking Former Binance CEO Changpeng Zhao To Surrender All Passports

dailyhodl.com US prosecutors are pushing for former Binance CEO Changpeng Zhao to give up his passports and remain in the country for the duration of his trial. According to a court…

China Warns of Fake Digital Yuan App: What You Need to Know

beincrypto.com The Chinese Ministry of Information Technology has warned China of a fake central bank digital currency (CBDC) application doing the rounds. The bogus e-CNY app’s visual…

BRICS: China Finds World’s Largest Metamorphic Rock Oilfield

watcher.guru According to reports, BRICS alliance member China has uncovered what is the world’s largest metamorphic rock oilfield. The discovery was made in the Bohai Sea located near…

Sui Recognized As 2024 Blockchain Solution of the Year at AIBC Eurasia Awards

dailyhodl.com February 26, 2024 – Dubai, United Arab Emirates The layer-one received the top honor at the Eurasia Awards while experiencing a period of unprecedented growth and…

Sudan's forgotten war is expanding

semafor.com Semafor Signals Supported by Insights from Foreign Policy, ReliefWeb, and the U.N. World Food Programme The News Sudan’s civil war is spiraling out of control as global…

The Combat Aircraft of the Future

247wallst.com The current geopolitical state of the world is causing many national militaries to reevaluate their assets, as instability is springing up in Eastern Europe and the Middle…

How Russia's Roman Abramovich went from a billionaire sports tycoon to Putin's backchannel to the West

businessinsider.com Russian billionaire and businessman Roman Abramovich attends meeting at the Kremlin, in Moscow, Russia, on December, 19, 2016. Mikhail Svetlov/Getty Images Before Russia's…

Saudi’s National Metaverse Project ‘Cultural Universe’ Unveiled on Founding Day 2024

coinpedia.org Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin…

The Morning Risk Report: New U.S. Sanctions on Russia to Have Limited Short-Term Impact

createsend.com Tied to anniversary: The latest move, which is also intended to mark the second anniversary of Russia’s invasion of Ukraine on Feb. 24, adds nearly 600 targets to U.S.…

War, instability weighing down global economy: WTO chief

thehill.com The chief of the World Trade Organization (WTO) warned Monday that global instability and war is weighing down the world economy. WTO Director-General Ngozi Okonjo-Iweala…

Canada’s SRG Mining plans move to the Middle East to avoid national security review

theglobeandmail.com Canada’s SRG Mining Inc. SRG-X is planning on moving to the Middle East to skirt a Canadian national security review into a key financing deal with China-based Carbon ONE…

Goldman Sachs and Abu Dhabi's Mubadala ink $1 billion partnership to invest in Asia Pacific

cnbc.com DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion private credit partnership to co-invest in the…

Lilium Gears Up for Production of the Lilium Jet's Revolutionary Electric Propulsion Units

benzinga.com Lilium begins installation of serial production line for propulsion units at Lilium's production facilities in Wessling, Germany • First prototype propulsion units expected…

China Upset at US Sanctions on Firms For Russia Dealings

asiafinancial.com China said on Monday it firmly opposes the United States imposing sanctions on Chinese businesses because of their dealings with Russia. The Chinese commerce ministry said…

Alibaba Discloses State Ownership in More Than 12 Business Units

finance.yahoo.com Alibaba Group Holding Ltd. disclosed a wider web of Chinese government stakes in its business units than previously known, following an inquiry from the US Securities and…

World Trade Organization to open biennial meeting in the United Arab Emirates as challenges loom

seattletimes.com The World Trade Organization is opening its biennial meeting in the United Arab Emirates as the bloc faces pressure from the United States and other nations ahead of a year…

World trade cooperation will be put to the test in Abu Dhabi

politico.com The future of world trade is about to face a turning point: whether nationalist policies displace an eight-decade shift toward rules-based global commerce. This week’s…

Binance Prosecutors Seek Tougher Bail for Crypto Firm’s Founder

pymnts.com Prosecutors want stricter bail conditions for Binance’s founder as he awaits sentencing on money-laundering charges. Changpeng Zhao pleaded guilty in November of last year…

Attack on cargo ship in Red Sea caused a miles-long oil slick

euronews.com The US military has in recent weeks launched waves of strikes on Houthi-held areas inside Yemen in response to the Houthis’ attacks on shipping routes in the Red Sea. An…

Kara Swisher witnessed the tech revolution. Now she wants to burn the industry

cnn.com A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. The tech industry sold Americans a bill of goods, promising…

Inside a clean energy titan’s fight to kill a climate project

politico.com “It just shows you that these companies are not fundamentally allied with the climate movement, not fundamentally on the side of climate progress,” said Leah Stokes, a…

US Prosecutors Want CZ to Hand In All Passports Prior to Trial

bitcoinnews.com Former Binance CEO, Changpeng Zhao, commonly known as CZ, finds himself entangled in legal proceedings as U.S. prosecutors seek to impose stringent travel restrictions prior…

Dubai clearinghouse barred from EU access amid money laundering concerns

euronews.com The United Arab Emirates appears on the EU’s list of suspect dirty-money jurisdictions. The EU securities-market watchdog today (6 February) removed its recognition from the…

India’s businessmen like Narendra Modi. They also fear him

economist.com The consecration of a Hindu temple in Ayodhya, the mythical birthplace of the god Ram, on January 22nd was a huge religious event in India. It carried political…

Why America’s controls on sales of AI tech to China are so leaky

economist.com GINA RAIMONDO seemed frustrated when she took the stage at the Reagan National Defence Forum in California in December. The Department of Commerce, which she leads, had just…

Saudi Arabia has an unlikely solar star

economist.com SITTING ATOP a fifth of the world’s oil reserves, Saudi Arabia doesn’t spring to mind when you think about renewables. Muhammad bin Salman, its crown prince and de facto…

Welcome to the era of AI nationalism

economist.com The hottest technology of 2023 had a busy last few weeks of the year. On November 28th Abu Dhabi launched a new state-backed artificial-intelligence company, AI71, that will…

Big oil agrees to slash methane emissions

economist.com Methane is responsible for perhaps 45% of current global warming. In debates over climate change the short-lived but highly potent greenhouse gas is nevertheless typically…

Inside Hamas’s sprawling financial empire

economist.com Viewed from one of Istanbul’s glitziest restaurants, the Bosporus looks sublime. The venue is a favoured haunt of mandarins, businessmen, minor celebrities—and Hamas’s…

An attack on a cargo ship in the Red Sea has caused a miles-long oil slick. Things could get worse

apnews.com An attack by Yemeni Houthi rebels on a Belize-flagged ship earlier this month caused an 18-mile (29-kilometer) oil slick, the U.S. military said Saturday. It also warned of…

As Ukraine’s economy burns, Russia clings to a semblance of prosperity

theguardian.com Factories destroyed. Roads blown to pieces. Power plants put out of action. Steel exports decimated. A flood of refugees out of the country. Ukraine – the poorest country in…

Why don’t nations buy and sell territory more?

marginalrevolution.com Egypt has agreed to a $35bn deal with the United Arab Emirates to develop the town of Ras el-Hekma town on its northwestern coast, Egyptian Prime Minister Mostafa Madbouly…

Officials warn of 'environmental disaster' after attack on cargo ship in Red Sea causes oil slick

pbs.org An attack by Yemeni Houthi rebels on a Belize-flagged ship earlier this month caused an 18-mile (29-kilometer) oil slick, the U.S. military said Saturday. It also warned of…

The Houthi attacks on Red Sea shipping have created an 18-mile oil slick and an 'environmental disaster' that could only get worse, U.S. military says

fortune.com An attack by Yemeni Houthi rebels on a Belize-flagged ship earlier this month caused an 18-mile (29-kilometer) oil slick, the U.S. military said Saturday. It also warned of…

Egypt Announces $35BN Deal With UAE To Buy Premium Mediterranean Area

zerohedge.com Egypt Announces $35BN Deal With UAE To Buy Premium Mediterranean Area Via Middle East Eye Egypt has agreed to a $35 billion deal with the United Arab Emirates to develop the…

The Rich Versus Poor Country Stakes at the WTO’s 13th Ministerial Conference This Month in Abu Dhabi?

nakedcapitalism.com Yves here. The new Global Majority is challenging the established economic powers in more and more venues. Here we see power struggle expected at the upcoming WTO. By…

Request Made for Binance’s Changpeng Zhao to Surrender Passports Before Sentencing

cryptonews.com The United States Attorney’s Office has made a formal request to a federal judge seeking additional travel restrictions for Changpeng Zhao, commonly known as CZ, the former…

Prosecutors want Binance's CZ kept on tighter leash ahead of sentencing

cnbc.com Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on…

U.A.E. Removed From Global Watch List for Money Laundering, Terrorism Financing

wsj.com The United Arab Emirates has strengthened its anti-money-laundering and counterterrorist financing regime sufficiently to be removed from a list of countries requiring…

Xalts Acquires Contour to Accelerate Digitization in Supply Chain Finance

pymnts.com FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain finance,…

A money laundering watchdog removes the UAE, Uganda, Barbados and Gibraltar from a watchlist

seattletimes.com An international watchdog says it's removing the United Arab Emirates from its so-called gray list of countries that don’t take full measures to combat money laundering and…

Report: Uber Considers Investment in African Vehicle Financing Startup Moove

pymnts.com Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup. The funding round could total between $75 million…

AI Analysis Launches The AIA Mastercard

coinjournal.net Dubai, United Arab Emirates, February 23rd, 2024, Chainwire AI Analysis (AIA) proudly announces the launch of the AIA Mastercard, its groundbreaking Crypto-to-Fiat Card, in…

US places export restrictions on 93 entities from Russia, China, UAE, Turkey, others

aol.com The Biden administration has imposed new trade restrictions on 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India and South Korea for…

Flare, Leading Blockchain for Data, Secures Round From Early Backers, Reducing Liquidity, Increasing Investment to Ecosystem

cryptopotato.com [PRESS RELEASE – Dubai, United Arab Emirates, February 23rd, 2024] Flare’s earliest investors, including Hong Kong and US-based Kenetic, New York-based Aves Lair, and…

Russia hit with new sanctions for the Ukraine war's 2nd anniversary and Navalny's death

pbs.org The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death…

BRICS: Iran Explains Why It Joined The Alliance

watcher.guru Iran is among the four countries that joined the BRICS alliance in January 2024. The other three nations that joined BRICS are the United Arab Emirates (UAE), Egypt, and…

New Russia sanctions announced by Biden administration

cbsnews.com Washington — The Biden administration announced more than 600 sanctions on Russia and its military industry Friday — the largest round of sanctions since Russia invaded…

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