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GAIAE prints 100,000 copies of Holy Quran at expense of UAE President

ABU DHABI / WAM At the expense of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the General Authority of Islamic Affairs and Endowments (GAIAE) printed about 100,000 copies of the Holy Quran. The copies ...

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Bitcoin’s 160% rebound in 2023 is a gamble on ETF ‘demand shock’

BLOOMBERG The sense of doom that gripped crypto markets at the end of 2022 following a $1.5 trillion wipeout has 12 months later given way to a very different sentiment: avarice. Bitcoin stormed back with a more than 160% advance this year that added some $530 billion to its market capitalisation. In its wake, myriad smaller tokens ranging from Sam ...

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Wall street learns that this year, nothing beat owning the S&P 500

BLOOMBERG Handpicking sectors, sheltering in trendy options strategies, going all-in on dividends — none of it has worked as well this year as simply owning the S&P 500. As 2023 winds down, investors are taking the year’s keep-it-simple lesson to heart. Amid a 4% rally this month that’s propelled the index’s 2023 advance to 24%, they’ve been pouring money into ...

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