Bloomberg Bitcoin’s 20 percent drop was likely fuelled by the effect of Intercontinental Exchange Inc’s (ICE) new futures contracts and an unwinding of long positions, according to JPMorgan Chase & Co. The cryptocurrency’s plunge, its biggest in a week since last November, took it from around $10,000 to a close of $8,061. Though the strategists led by Nikolaos Panigirtzoglou were ...

ABU DHABI / WAM In collaboration with Abu Dhabi’s Department of Transport (DoT), and Abu Dhabi Ship Building Company, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), participated in the Monaco Yacht Show for the first time this weekend. The event is considered to be Europe’s largest in-water display of yachts. DCT Abu Dhabi sponsored the ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), in collaboration with Al Dhafra Municipality, has revealed that the ladies beach project in Al Sila city, close to Al Sila port, is now 67 percent complete. Being the first of its kind in Al Dhafra region, the beach will stretch over 18,300 metres with a total cost of AED27 ...