Bloomberg Virtual currencies are retreating so broadly and sharply, it’s testing the durability of the cryptocurrency boom. The value of more than 7,000 tokens tracked by CoinGecko has shrunk more than $600 billion in the past week to $1.9 trillion. Bitcoin, the largest cryptocurrency, slid some 11% on Wednesday to break below $40,000 and is now about $25,000 off its ...
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ABU DHABI / WAM The Khalifa Fund for Enterprise Development (KFED), an independent entity of the government of Abu Dhabi mandated to develop and support the Small and medium-sized enterprises (SMEs) sector, launched the Abu Dhabi SME Hub, a new knowledge platform dedicated to supporting SMEs and startups in the UAE. Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi ...
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ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem, announced its first cohort of 2021, selecting 16 tech startups from 11 countries and seven sectors out of 150 applicants to join its vibrant community. The number of successful applications reflect an 11 percent success rate that led to Hub71 selecting its first startups from India, Saudi Arabia, Turkey, Mauritius ...
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Abu Dhabi / WAM Etihad Airways, the national airline of the United Arab Emirates, and the Kingdom of Saudi Arabia’s national flag carrier (Saudia), announced a new reciprocal loyalty agreement, expanding on the existing codeshare deal between the two airlines. Members of the Etihad Guest and Alfursan programmes can now earn and redeem miles on flights across both carriers’ networks. ...
Read More »Dubai / WAM Enoc group on Wednesday announced plans to open 25 new service stations across the UAE by the end of this year, 12 service stations in Sharjah, 11 in Dubai and two in the Northern Emirates. Enoc will also build one marine service station in Dubai. Three of 11 stations planned in Dubai will be compact stations, which ...
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Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), an independent entity of the government of Abu Dhabi mandated to develop and support the Small and medium-sized enterprises (SMEs) sector, launched the Abu Dhabi SME Hub, a new knowledge platform dedicated to supporting SMEs and startups in the UAE. Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi ...
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NEW YORK / WAM The United Arab Emirates and the United Nations Department of Political and Peacebuilding Affairs (DPPA) on Wednesday announced the signing of an agreement to support the implementation of the Women, Peace and Security (WPS) agenda, as well as to enhance the voices of women, youth, and persons with disabilities in UN-assisted peace processes. The two-year contribution ...
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Dubai / WAM Dubai Chamber of Commerce and Industry, in cooperation with PricewaterhouseCoopers (PwC) Legal Middle East and The Oath Magazine organised a webinar that examined key legal aspects associated with operating commercial agencies in the UAE. The virtual event was attended by more than 230 participants, including business owners, managers and legal professionals. Participants learnt about various types of ...
Read More »Dubai / WAM Dubai Airport Free Zone Authority (Dafza) has signed an agreement with the Securities and Commodities Authority (SCA) to support the regulation, offering, issuance, listing and trading of crypto assets within the free zone. The agreement was signed by Dr Maryam Al Suwaidi, Acting CEO of SCA, and Amna Lootah, Assistant Director-General, Dafza. The new agreement allows companies ...
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Abu Dhabi / WAM Etihad Airways, the national airline of the United Arab Emirates, and the Kingdom of Saudi Arabia’s national flag carrier (Saudia), announced a new reciprocal loyalty agreement, expanding on the existing codeshare deal between the two airlines. Members of the Etihad Guest and Alfursan programmes can now earn and redeem miles on flights across both carriers’ networks. ...
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