Bloomberg Bitcoin climbed to the highest since November after breaching the $8,000 price level. Concerns about an escalation in the conflict between the US and Iran are seen as contributing to the rally in Bitcoin, which is not managed by a government. “Bitcoin and gold are well supported due to rising tensions between the US and Iran,” said Emmanuel Goh, …

Bloomberg China’s wealthy families are twice as likely as global peers to have made their millions in real estate, according to a report co-authored by UBS Group AG, which found an increasing focus on wealth preservation and succession. Almost 30% of participants surveyed said their family wealth came from property, followed by consumer discretionary and industrials. The swelling ranks of …

ABU DHABI / WAM The UAE, Saudi Arabia, Bahrain, and Egypt have issued a joint statement rejecting the Turkish parliament’s passing of the motion earlier this week to allow a military intervention in Libya. Saudi Arabia’s Consultative Assembly issued the joint statement, along with the UAE’s Federal National Council, Egypt’s House of Representatives, and Bahrain’s Consultative Council, in light of …