Tag: News

Bitcoin Millionaires Soared by 111% to 85,400 in 2024, Thanks to Crypto ETFs: Report

There are 85,400 crypto millionaires worldwide, which is a 111% increase from the past year, a new report reveals. International wealth and investment migration specialists...

UAE leads in Q2 gross loan growth as GCC banks’ net profit surges to $14.8b

Net income reported by listed banks in the GCC reached a new record high during Q2 2024 after four out of the six country...

Indian rupee slips but state-run banks’ dollar sales cap losses

The Indian rupee weakened slightly on Tuesday, tracking a decline in its Asian peers, but its losses were limited by mild dollar sales by...

UAE faces rising malware threats as email attacks surge 293% globally

The UAE witnessed a notable increase in malware detections with an 11.7 per cent increase from January to May 2024, recent research shows. According to...

Mubadala co-invests in UCB’s mature business in China

Mubadala Investment Company announced on Monday that in partnership with CBC Group, Asia’s largest healthcare-dedicated asset management group, it has acquired 100 per cent...

Saudi Arabia’s Trade Surplus Exceeds SAR98 Billion in Second Quarter

The trade balance of the Kingdom of Saudi Arabia reached a surplus of SAR98.368 billion in the second quarter of 2024, reaching its highest...

Apple Mac Users Warned About ‘Cthulhu Stealer’ Malware Targeting Crypto Wallets

Cybersecurity firm Cado Security has warned Apple Mac users regarding a new malware variant named “Cthulhu Stealer,” which is designed to steal personal information...

Nestle shares fall after CEO’s surprise departure

Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss...

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Can Soket AI Power India’s Foundational LLM Dream?

SUMMARY Founded in 2019, Soket AI spent its early years...

Closing Bell: Saudi main index retreats to 10,731.59

Parallel market Nomu lost 393.70 points to settle at...

50 Billion In Economic Power: Arab Women Are Rewriting the Startup Rules in the Gulf

Across the Gulf, a powerful wave of women entrepreneurs...

How Finhaat Is Bringing Insurance And Wealth Creation To India’s Rural & Semi-Urban Markets

SUMMARY Despite being one of the most promising markets, India’s...

UAE shares end higher as outcome of US-China trade talks awaited

LONDON: Stock markets in the UAE ended higher on Monday,...