United Arab Emirates

The BRICS alliance, an association of the five major emerging economies of Brazil, Russia, India, China, and South Africa, is witnessing an increasing number of nations showing interest in joining its ranks. The surge in interest corresponds with an increasing number of countries...

Tyler and Cameron Winklevoss, billionaire twins and founders of the Gemini crypto exchange, are turning their ambitions to the United Arab Emirates (UAE) as they plan to seek a digital-asset license in the country. The move, unveiled in a recent Gemini Twitter announcement, marks the initial...

Dubai's Virtual Assets Regulatory Authority (VARA) has issued a formal warning to the co-founders of the defunct crypto hedge fund Three Arrows Capital for launching and promoting their new digital asset exchange, OPNX, without obtaining the necessary license. The warning was addressed to the...

Former U.S President Donald Trump and his circle of friends are facing multiple legal investigations on several counts. One of his longtime friends, along with his accomplice, faced charges of serving as an “unregistered foreign agent,” according to an NBC News report dating...

Abu Dhabi-based Venom Ventures Fund announced a $5 million strategic investment in Layer 1 blockchain Everscale. This investment will be made in stages and will be based on the progress and cooperation between the two companies, The Block reported. The investment will also be one of the first...

Abu Dhabi is the capital of the United Arab Emirates, and the second-largest city in the seven emirates. What Happened: As of late August, the Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under Mohamed Ali Al Shorafa, chairman of the Abu Dhabi Department of...

Highly anticipated movie “Lightyear” will not be released in two international territories. Here’s why the latest movie in the Toy Story franchise won’t be included there. What Happened: Walt Disney Co (NYSE: DIS) movie “Lightyear” will not be released in...

Cryptocurrency companies located in the United Arab Emirates (UAE) are seeing an unprecedented influx of requests from Russian customers who wish to liquidate billions of dollars worth of cryptocurrency as the Russian ruble plunges due to increasingly harsh economic sanctions. What Happened:...

In an effort to recognize that not all drug use or possession ought to be punishable by harsh prison sentences, the United Arab Emirates (UAE) is creating amendments to longstanding laws that will stress treatment over jail time for first-time convicts of personal use and possession. Situated...

In a historic move last month, Israel and the United Arab Emirates (UAE) normalized relations, ending decades of in the shadows security and trade ties. What Happened: Now, the two countries can openly do business with each other and UAE citizens and enterprises can invest in Israel, scenarios that...

Emirates Group said revenue and profit declined for the fiscal year ended March 31 due to coronavirus flight restrictions, the planned closure of a runway at Dubai International Airport and the strong U.S. dollar. According to the Dubai-based carrier, revenue at its cargo division, SkyCargo, fell...

The Global X MSCI Pakistan ETF (NYSE: PAK) is up 8.3 percent year-to-date, a solid performance among the single-country exchange traded funds dedicated to nations classified as frontier markets. PAK: Purely Pakistan However, Pakistan will not be a frontier market for long and the country's...

The U.S. is tiptoeing into a future of autonomous vehicles, but the United Arab Emirates is taking the shift one step further. Dubai will launch passenger drones — essentially flying, pilotless taxis — as early as July. According to a Monday promotional video by the Roads and Transport...

This election season, companies like Microsoft Corporation (NASDAQ: MSFT), General Electric Company (NYSE: GE) and Apple Inc. (NASDAQ: AAPL) have been criticized by both candidates for the massive cash hoards the companies have stashed overseas to avoid U.S. taxes. The companies claim U.S....

After the close of U.S. markets Tuesday, index provider MSCI Inc (NYSE: MSCI) released its annual market classification. Most investors awaiting the MSCI news were focusing on the index provider's decision on whether or not to include China A-shares in its emerging markets benchmarks, but there...