Bloomberg Bitcoin’s meteoric summertime surge risks coming to a painful end as Chinese policy makers move to restrict trading amid growing warnings of a market bubble. The biggest cryptocurrency dropped as much as 40% since reaching a record high of $4,921 on 1 September, cutting about $20 billion in market value. The collapse extended to as much as 30% this …

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the largest single-site Concentrated Solar Power (CSP) project in the world, which will be built at a total cost of AED14.2 billion. The CSP project, which represents the fourth phase of the Mohammed bin Rashid Al …

Abu Dhabi / WAM The United Arab Emirates (UAE), has been ranked the most attractive destination for Foreign Direct Investment (FDI), among the Arab countries in 2016, accounting for 29 percent, or US$9 billion, of the total inflow investment, according to a study issued by the Ministry of Economy. “The UAE also topped the Arab countries in terms of new …