DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (30) of 2023 establishing ‘Parkin’ company, a public joint stock company (PJSC) that will oversee operations related to parking spaces in Dubai. As per the law, the newly established company …

BLOOMBERG Bitcoin has sprinted to a more than 6% gain over the first three days of January, bucking a dour start to the year in global markets. The largest digital asset traded above $45,300 on Wednesday in London, buoyed by expectations that the US will soon allow the country’s first spot Bitcoin exchange-traded funds. General crypto optimism also encouraged advances …

BLOOMBERG Bonds extended their drop as traders braced for a swathe of US data that could show whether bets on interest-rate cuts this year are justified. Government debt fell across Europe and US Treasury yields rose, leaving the rate on the 10-year bond up five basis points at 3.98%. The Stoxx 600 benchmark and futures contracts on US shares edged …