A Dubai-based real estate developer, DAMAC Properties, has completed cryptocurrency deals worth SAR1.8 billion since the beginning of the year, according to its Chief Operating Officer, Ali Sajwani. Cypher Capital’s support, according to Iomob CEO Boyd Cohen, helps fuel the development of new, decentralized, interoperable global mobility networks, which will be the cornerstone of the […]
“Fighting poverty has always been at the core of our partnerships & engagements with our member countries. Nonfarm productivity, which measures hourly output per worker, tumbled at a 7.3 percent annualized rate last quarter, the deepest since the third quarter of 1947, the Labor Department said on Thursday. The central bank data further revealed that […]
Additionally, a surge in the diesel market amid tight supplies and a decline in US gasoline and middle distillates stocks last week lend support to the market. In Rotterdam, margins rose with most of the strength coming from the middle distillates as ongoing adjustments in product trade flows in Europe continued to exert upward pressure […]
The purchase was made with the help of real estate agency Zome, the law firm Antas da Cunha Ecija, and partners from Switzerland’s Crypto Valley. Moreover, while some firms such as Iraq’s Halfaya oil field are seeking expansion, others such as Libya’s National Oil Corporation are anticipating a favorable budget allocation that will help boost […]
DUBAI: It is not just holidaymakers that have contributed to the boom in the luxury holiday-home market. Sultan is a veteran of the luxury hospitality industry, specializing in high-level conferences and VIP travel arrangements since 2004. His company spotted an urgent need in the market for short-term, high-end vacation rentals. “We see a lot of high-net-worth […]
Other issues that crypto investors face include how to get started in trading and convert traditional currencies into crypto, he added. He worked with local and international developers but to no avail until, in January 2020, he began collaborating with Naje Isleem, who is now his chief technology officer. AYMBot started off with three clients […]
Cynndy earned an associate degree in commercial aviation at North Dakota University in the US. Since 2019, Cynndy has been a part-time vice chairman of the Helicopter Company, established in 2018. “The tourism sector lost an estimated 62 million jobs globally during the global pandemic,” he said. “Addressing climate change is at the heart of […]
“Today, VARA joins the metaverse to become Dubai’s — and the metaverse’s — first government authority, ushering in a new era in which Dubai government utilizes modern innovations to extend its services and regulatory power to audiences in an open technological expanse, without constraints or borders,” said Crown Prince Sheikh Hamdan bin Mohammed bin Rashid […]
The museum opened its doors on Jan. The bill covers the trading and use of crypto assets, issuance of digital securities, new payment systems and the tokenization of precious metals. Brent crude futures fell $1.21, or 1.1 percent, to $105.93 a barrel at 0205 GMT, while US West Texas Intermediate crude futures fell 99 cents, […]
“Buying bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on bitcoin,” Jordan said. “We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet. The share of claims on the government […]
“We see the Algerian warning as a reminder that no Algerian gas should go to Morocco. …Read the full story
Shares of Future Supply Chain Solutions, Future Retail, Future Lifestyle Fashions, Future Consumer and Future Enterprises fell between 5 percent and 20 percent. The Reserve Bank of India earlier this month raised its inflation forecast for the current fiscal year to 5.7 percent, 120 basis points above its forecast in February, while cutting its economic […]
Japan is seeing a significant share of the global battery market while the US is vowing to rescue old-growth forests in light of Earth Day. · Japan is targeting a 20 percent share of the global rechargeable battery market by 2030, Reuters reported. · US president Joe Biden has revealed plans […]
“Higher commodity prices are a challenge to importers like Turkey, Egypt and India, as their external balances worsen,” he said. Asked about the outlook for the Gulf Cooperation Council, he said this is an interesting point in time for the GCC and certainly for Saudi Arabia as well. Talking about the global context where energy […]
“To convince the market in the long term, all ECB members have to pull together. There will likely be occasional swings, but these will lead back to USD strength,” Moritz Paysen, forex and rate adviser at Berenberg, said in a research note. The project is a collaboration between the Ministry of Electricity, the General Authority […]
Offering a glimmer of light, the city government said on its official WeChat account that infections were showing a “positive trend” and that life could return to normal soon as long as people stuck to strict rules to curb the spread of COVID-19. Yet some Shanghai districts tightened restrictions on movement, and even in neighborhoods […]
RIYADH: On a macro level, European countries like Denmark are getting out of their way to help the continent reduce its dependence on Russian energy. On a micro level, however, firms such as multinational SSE plc and power producer Quantum are taking initiatives to guarantee a green future. “For now, we intend to get alternatives […]
The main index, TASI, began Tuesday 0.21 percent higher to 13,761, while the parallel market, Nomu, opened 0.09 percent higher at 24,200, as of 10:09 a.m. Sipchem attributed the results to revenue growth of 18 percent, a decline in finance costs, as well as an increase in share of profit from joint ventures. Gold climbed […]
Lawyers for stockholders of the Austin, Texas-based company also say in court documents that the judge in the case has ruled that Musk’s tweets about having “funding secured” to take Tesla private were false, and that his comments also violate a 2018 court settlement with US securities regulators in which Musk and Tesla each agreed […]
Earlier the agency expected such a drop in production in April, now the deadline has shifted to May onward and the current forecast for April assumes a decline of 1.5 million bpd. OPEC’s monthly market report also lowered the estimate of Russian production in 2022 by 530, 000 bpd, although growth is still expected compared […]