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Abu Dhabi Ports unveils its own blockchain tech

Abu Dhabi / WAM Maqta Gateway, an Abu Dhabi Ports subsidiary, is the first Abu Dhabi entity to develop and launch its own blockchain technology, named Silsal. It will combine blockchain technology and unique digital user identities to provide a seamless and secure link between stakeholders across the trade community. Blockchain technology acts as an open digital ledger that can ...

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New business licences in Ajman Free Zone up 28%

AJMAN / WAM The strategic and dynamic location of the Ajman Free Zone (AFZ) plays a significant role in driving the commercial and industrial sectors in the emirate, in particular, and in the UAE, in general, with the AFZ management stepping up efforts to maintain its investment-conducive environment as a leading business hub in the region. The number of companies ...

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DME sets open interest record of 69.2mn barrels of crude oil

DUBAI / WAM Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, reported a new exchange-wide open interest record of 69,183 lots on May 31. This total is equivalent to almost 69.2 million barrels of crude oil. The latest figure surpasses the previous open interest record of 68,470 lots, which was set on ...

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