Bloomberg Singapore banks have closed accounts of several companies which specialize in providing cryptocurrency and payments services, according to two local bodies which represent financial-technology firms. Noting that cryptocurrency firms have had similar problems with their banks in other countries, the head of Singapore’s Cryptocurrency and Blockchain Industry Association, or Access, asked the government to step in. “From our analysis, …

Abu Dhabi / WAM Juma Mohamed Al Kait, Assistant Under-Secretary of the Foreign Trade Sector at the Ministry of Economy, drew attention to UAE-Chinese relations that continue to witness significant developments, especially in the trade and investment sectors, as 60 percent of China’s trade to Africa and Europe passes through the UAE while the value of their trade exchange is …

ABU DHABI / Reuters The United Arab Emirates’ first nuclear reactor will ‘definitely’ be operational next year with the operating company getting a licence in 2018, the UAE’s energy minister said on Monday. The world’s largest single nuclear project, the Barakah plant will have capacity of 5,600 megawatts (MW) of electricity, with four 1400 MW reactors. Korea Electric Power Corporation …