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Bitcoin’s decline from 2-week peak highlights key technical hurdle

  Bloomberg Bitcoin slipped back on Wednesday after touching a near two-week high, spotlighting the token’s struggle to vault a key technical hurdle and reclaim the $40,000 level. The world’s largest cryptocurrency retreated about 1.3% to $38,300 as of 3:40 pm in Singapore, after touching $39,267 a day earlier. Ether, the second-largest coin, falls some 1.5%. A Bitcoin price trendline ...

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New UAE labour law comes into effect from February 2

  ABU DHABI / WAM The UAE is continuing to advance its laws and procedures to facilitate business and enhance the competitiveness and productivity of the national labour market. The new law represents progress in the efforts to improve the national labour market’s sustainability. Recent statistics issued by the Ministry of Human Resources and Emiratisation revealed the number of registered ...

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ECI issues AED6bn worth of revolving credit guarantees

  Dubai / WAM Massimo Falcioni, CEO of Etihad Credit Insurance (ECI), has said that since its launch in 2018, ECI has supported various sectors with its trade credit solutions, improving the competitiveness of the UAE non-oil trade and export. Over the past four years, ECI recorded a new milestone by issuing AED6 billion worth of revolving credit guarantees, which ...

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