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Crypto billionaires’ vast fortunes are destroyed in weeks

  Bloomberg Coinbase Global Inc founder Brian Armstrong had a personal fortune of $13.7 billion as recently as November and about $8 billion at the end of March. That’s now just $2.2 billion, according to the Bloomberg Billionaires Index, after a selloff in digital currencies from Bitcoin to Ether triggered a precipitous decline in the market value of Coinbase, the ...

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UAE supports global drive to address soil degradation

ABU DHABI / WAM Food producers around the world face multiple challenges, and soil degradation is one of the most serious ones. According to global statistics, 52% of the world’s agricultural soil is currently degraded to varying degrees. Unsustainable human activities put a strain on the soil and deplete its organic content. This leads to soil degradation, exacerbating food shortages, ...

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Alpha Dhabi net profit hits AED2.84bn in Q1

  Abu Dhabi / WAM Alpha Dhabi Holding has announced its financial results for the first quarter of 2022, reporting a net profit of AED2.84 billion, up significantly year-on-year from AED100 million. Revenues stood at AED8.17 billion for the first three months of 2022, representing a year-on-year increase of 700% with strong contributions from investments in the healthcare sector, which ...

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