Tag: News

US Spot Bitcoin ETFs Continue Positive Streak with $106M Inflows; BlackRock’s IBIT Attracts $184M

US-listed spot Bitcoin ETFs recorded their fifth consecutive day of inflows, amassing a total of $106 million on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) led...

Dubai’s Vara strengthens marketing regulations

The Virtual Assets Regulatory Authority (Vara) on Thursday announced an update to its marketing regulations, aimed at strengthening the regulatory framework for virtual asset...

UAE Central Bank raises economic growth forecast

The Central Bank of the UAE (CBUAE) raised its forecast for 2024 GDP growth to 4.0 per cent from a previous forecast of 3.9...

ADQ prices second $2 billion bond issuance to be listed on the London Stock Exchange

Abu Dhabi Developmental Holding Company PJSC (ADQ), an Abu Dhabi-based investment and holding company, announced the successful pricing of its second bond issuance. The $2...

Global digital creative economy to reach Dh27 trillion by 2030, study finds

The global digital creative economy represents an Dh27 trillion opportunity to achieve diversified growth led by young and emerging talent amid the steady proliferation...

Abu Dhabi sees highest rent increase in more than 10 years: Report

Rents rose faster than property prices in Abu Dhabi as demand outpaces supply, industry executives said. City-wide residential rents in Abu Dhabi witnessed the sharpest...

Chip manufacturing expected to create 50,000 jobs in India

Question: Three years ago the Indian Government had announced a policy to set up manufacturing of semi conductors. Has this policy borne any fruits...

UAE seizes Dh2.35b assets in AML crackdown

The UAE has seized assets valued at more than Dh2.348 billion and imposed fines exceeding Dh254 million as it stepped up efforts to curb...

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Saudi Exchange shows resilience on Aramco shares, defying regional trend

RIYADH: Saudi Arabia’s Tadawul All Share Index showed signs...

Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...