Bloomberg Bitcoin prices tumbled once again, driving the token to the brink of $20,000 on evidence of deepening stress within the crypto industry. The largest cryptocurrency sank 8% to $20,180, the lowest level since December 2020. Bitcoin has fallen for nine days, the longest losing streak since 2014. Losses continued to be widespread, with Ether plunging 10% to $1,062. ...

  Bloomberg Oil rises as investors weighed a tight supply outlook and the potential responses from consumers and policy makers alike. West Texas Intermediate gained for a second session, trading above $122 a barrel. President Biden will travel to Saudi Arabia next month and will discuss energy production, according to US National Security Counsel Coordinator John Kirby. The meeting will ...

  Abu Dhabi / WAM Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has announced the signing of a financing agreement with Capital Bank of Jordan, whereby a credit line of approximately AED73.4 million ($20 million) will be opened to support collaborative efforts to enhance UAE’s exports to the region and boost economies ...

  Geneva / WAM The UAE delegation has concluded its participation in the 12th Ministers Conference (MC12) of the World Trade Organisation (WTO) in Geneva, Switzerland, the four-day gathering of trade and economy ministers from around the world – and its first in-person meeting since the start of the global pandemic. The UAE delegation, led by Abdullah bin Touq Al ...

  DUBAI / WAM Initiating a movement in financial literacy amongst the UAE’s youth, National Bonds, an investment company owned by the Investment Corporation of Dubai, has entered a partnership with Taaleem, one of the country’s leading education providers, to empower children of all ages with essential financial planning skills. In a signing ceremony, National Bonds group CEO, Mohammed Qasim ...

  DUBAI / WAM Emirates, renowned for its world-leading air transport services, has also been recognised for its outstanding ground transport services with awards in multiple categories, at the RoSPA awards, held for the first time in Dubai. The only airline to have achieved commendations three years in a row, the Emirates team took gold awards in three main categories: ...

  Abu Dhabi / WAM The UAE has enhanced its ranking to be first globally in overall business skills proficiency, according to Coursera’s latest Global Skills Report. In last year’s report, the country ranked second in the world and led the Middle East and North Africa region. Learners in the UAE were placed in the top 100 percentile, compared to ...

  Abu Dhabi / WAM Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has announced the signing of a financing agreement with Capital Bank of Jordan, whereby a credit line of approximately AED73.4 million ($20 million) will be opened to support collaborative efforts to enhance UAE’s exports to the region and boost economies ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has completed a London investor roadshow, hosting a delegation of over 25 senior executives from nine listed companies and the exchange. Throughout the two-day event, the ADX delegation hosted 204 investor meetings across 47 one-on-one meetings and 37 group meetings, with a total of 89 institutional investors, including some ...

  Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture) has announced that it will be cooperating with ‘Hayi’ app, a free, local, social communication network for neighbourhoods in Dubai that encourages residents to communicate, endorse and befriend each other, create groups based on their locations, share common interests and preferences, as well as launch and participate in social ...