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Bloomberg Bitcoin strengthened past $8,000 for the first time in about 10 months on Tuesday, crossing another milestone as cryptocurrencies continued their scorching rally. The largest digital token climbed as much as 3.8% before trading at $8,096 in London, according to Bloomberg composite pricing. Tuesday’s advance follows a 25% surge a day earlier — the biggest one-day increase for Bitcoin ...

ABU DHABI / Emirates Business Etihad Airways, the national airline of the UAE, announced it is extending its free Abu Dhabi stopover campaign to the end of the year due to the popularity of the special offer in its opening month. Travellers flying through the capital of the UAE with the airline are invited to enjoy a free two-night hotel ...

ABU DHABI / WAM The Financial Services Regulatory Authority (FSRA), of the Abu Dhabi Global Market (ADGM), updated its “Guidance for the Regulation of Crypto Asset Activities”, the second edition to the initial guide published on June 25, 2018. The updated guide reinforces the FSRA’s focus and commitment as a financial services regulator to support innovation and maintain rigorous regulatory ...

ABU DHABI / WAM The Higher Shari’ah Authority (HAS), for financial and banking activities in the UAE, has held its third meeting for 2019 under the chairmanship of Sheikh Dr Ahmed bin Abdulaziz Al Haddad, Chairman of the HSA. The Authority reviewed, during the meeting, product approval requests and related inquiries submitted by several Islamic Financial Institutions (IFIs), highlighting the ...

ABU DHABI / WAM Ahmed Hatem Al Manhaly, UAE Ambassador to Mexico, received José Navalón, Ambassador of the Confederation of Chambers of Commerce in Mexico in Charge of the UAE Affairs. During the meeting, Navalón, who participated in the third Global Business Forum on Latin America that was held in Panama, praised the forum’s organisation and the aspirations of the ...

RIYADH / WAM The Federal National Council (FNC), and the Saudi Shura Council condemned the sabotage of four civil commercial ships near the UAE’s territorial waters. They issued a joint statement after a meeting between Dr Amal Abdullah Al Qubaisi, Speaker of the FNC, and Sheikh Dr Abdullah bin Mohamed bin Ibrahim Al Sheikh, Chairman of the Saudi Shura Council, ...

Dubai / Emirates Business A report from Bayut revealed that the off-plan developments near Dubai’s Expo 2020 site have been garnering a high amount of interest from investors. According to the searches conducted on Bayut, Dubai South, Meydan City, Mudon and Town Square are some of the areas that prospective buyers and tenants are most interested in. Besides the attractive ...

ABU DHABI / WAM The UAE and Saudi Arabia signed an authorised economic operator (AEO), agreement. The agreement aims to improve the customs cooperation between the two countries and facilitate trade, in implementation of the outcomes of the Al Azm Retreat, approved by the Saudi-Emirati Coordination Council. The agreement was signed in Riyadh by Ali Saeed Mattar Al Niyadi, Customs ...

BEIJING / WAM The UAE pavilion at the Beijing International Horticultural Exhibition, Horticultural Expo 2019, managed by the National Media Council (NMC), is showcasing the country’s civilisation and the legacy of the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. The event, under the theme ‘Greening the Desert,’ is open to the public until October 7 under the ...

KHARTOUM / WAM The UAE Embassy in Sudan has distributed more than 100 tonnes of foodstuffs to some 20,000 people across the various cities of Kassala province, as part of the assistance provided by HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, wife of the Crown Prince of Fujairah. The humanitarian aid was distributed by the Emirates Red Crescent ...