In5 Start-Ups in Dubai Internet City Achieve Remarkable Dh3 Billion Fundraising

In5 Start-Ups in Dubai Internet City Achieve Remarkable Dh3 Billion Fundraising

Start-ups based in In5, a prominent platform fostering innovation and entrepreneurship, have successfully raised a staggering Dh3 billion, as revealed by Ammar Al Malik, Executive Vice President for Commercial at Tecom Group. In5, situated in Dubai Internet City and operated by Tecom Group, has played a crucial role in nurturing over 850 enterprises since its …
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Coinbase CEO Announces Major Infrastructure Upgrades in Response to Outages

Coinbase CEO Announces Major Infrastructure Upgrades in Response to Outages

Coinbase, a leading crypto exchange, is set to undergo significant infrastructure upgrades following a series of unscheduled outages, as announced by CEO Brian Armstrong. In a recent interview with Bloomberg TV, Armstrong revealed the company’s plans to invest heavily in its trading infrastructure to combat the increasing number of service interruptions experienced in recent weeks. …
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Strategic Delay of Ethereum ETFs: A Move for Optimal Market Readiness

Strategic Delay of Ethereum ETFs: A Move for Optimal Market Readiness

The anticipated approval of Ethereum Exchange-Traded Funds (ETFs) may see further delays, but industry experts suggest this could be a strategic move for better market integration. With the recent success of Bitcoin spot ETFs in the U.S. market, gathering $12 billion in net inflows since January, the focus has now shifted to Ethereum’s potential financial …
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Bitcoin's Value Dips 14% Amid Record Outflows from Grayscale’s GBTC

Bitcoin’s Value Dips 14% Amid Record Outflows from Grayscale’s GBTC

The cryptocurrency market, led by Bitcoin (BTC), faced significant volatility as reported by Fortune Magazine, with Bitcoin experiencing a sharp 14% drop from its all-time high (ATH) of $73,700 to around $62,483. The downturn, which occurred last week, has had a ripple effect across the cryptocurrency landscape, impacting various digital currencies. This decline in Bitcoin’s …
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Adnoc Bolsters European LNG Supply with New Agreement for Ruwais Project

Adnoc Bolsters European LNG Supply with New Agreement for Ruwais Project

Abu Dhabi National Oil Company (Adnoc) has taken a significant step in expanding its global energy footprint by signing a new 15-year heads of agreement with SEFE Marketing & Trading Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH. This deal, announced on Monday, involves the supply of 1 million metric …
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UAE Gold Prices Experience a Slight Decline in Early Trading

UAE Gold Prices Experience a Slight Decline in Early Trading

In the United Arab Emirates, gold prices witnessed a modest drop of over Dh1 per gram at the opening of the markets on Monday. As reported by Dubai Jewellery Group data, the price of 24K gold started the week at Dh260.0 per gram, a slight decrease from the previous week’s closing price of Dh261.25 per …
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Middle East CEOs Embrace AI for a Bright Economic Future

Middle East CEOs Embrace AI for a Bright Economic Future

In a clear signal of optimism and forward-thinking, CEOs in the Middle East are increasingly confident about economic growth in the coming years, with a significant shift in their outlook towards the integration of artificial intelligence (AI) in business operations. According to the 2024 CEO Insights Study by Arthur D. Little, 61 percent of CEOs …
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Adnoc Drilling Forecasts Strong Growth with Revenue Hitting $3.6-$3.8 Billion

Adnoc Drilling Forecasts Strong Growth with Revenue Hitting $3.6-$3.8 Billion

Adnoc Drilling, a key player in the oil and drilling sector, has announced its medium-term financial expectations, projecting substantial growth in revenue, earnings, and operational expansion. The company anticipates its total revenue to reach between $3.60 billion and $3.80 billion in the coming years, signifying a promising future for the organization. The expected Earnings Before …
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Maison Sartoro Debuts in Dubai Mall, Bringing Swiss Elegance to the Middle East

Maison Sartoro Debuts in Dubai Mall, Bringing Swiss Elegance to the Middle East

Maison Sartoro, a distinguished global jewelry brand with its roots in Geneva, has opened its doors at the Dubai Mall, introducing a new realm of luxury and artistry. This expansion marks a significant milestone for the brand, known for its unique blend of tradition and innovation, and its commitment to ethical principles and exceptional craftsmanship. …
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