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Bitcoin has been on an unbelievable run. The cryptocurrency is up around 124 percent for 2017. And that’s after it gained 125 percent in 2016. In May alone, it’s up more than 60 percent. It’s hard to know what the long-term impact or performance will be, but one thing’s for sure — investors are swept up in cryptocurrency mania. One ...

Bloomberg The bulls are back in charge after a second weekly advance pushed the S&P 500 Index to a fresh record. But look a little more closely and the signs of unease in the stock market are hard to ignore. It’s visible in fund flows, where investors are rotating from US stocks to the rest of the world at the ...

DUBAI / WAM Dubai Customs’ statistics has revealed that the value of Dubai external trade in the seven primary Ramadan foodstuff in 2016 reached AED16.34 billion. Sugar topped the list at AED5.1 billion, followed by rice at AED4.8 billion, nuts at AED3.7 billion, bottled water at AED1 billion, juices at AED873.8 million, dates at AED813.75 million, and flour at AED57.37 ...

Dubai / WAM Dubai Investments, the leading, diversified investments conglomerate listed on the Dubai Financial Market, has hosted the second round of the training session for ‘Sustainability Champions’ of the company and its subsidiaries. Held under the theme ‘For a Better Partnership within the Dubai Investments Family’, the session focused on the Sustainable Development Goals 2030, outlined by the United ...

Abu Dhabi / WAM Abu Dhabi General Services Company, Musanada, has revealed that work is progressing as planned in the Al Hayer residential project in Al Ain, which will be handed over by early 2019. This forms part of Musanada’s efforts to deliver leading housing projects, thus contributing to achievement of the objectives of Abu Dhabi Plan in the area ...

Abu Dhabi / Emirates Business 1,41,500 fines had been issued for incomplete work permit registration or late renewals against 52,765 private sector companies, the Ministry of Human Resources and Emiratisation (MOHRE) announced on Saturday. Saif Al-Suwaidi, Undersecretary of Human Resources at the Ministry, said, “The number of fines cumulates to 15 percent of total sum of companies recorded within the ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA), launched an updated version of its smart app, Salama Magazine, to facilitate and speed up the experience of children and their parents browsing the traffic awareness and safety publication. The updated edition is enhanced with augmented reality games, which will enable the publication to reach out to children everywhere, the RTA ...

Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADINC), one of the leading regional multi-line insurance providers for corporates and individuals has been recognized for innovation in corporate insurance solutions at the Innovation and Excellence Awards 2017. Commenting on the achievement, Abdulla Al Nuaimi, Excutive Vice President – Shared Services at ADNIC said: “ADNIC’s business strategy is built ...

Dubai / WAM The Telecommunications Regulatory Authority (TRA), received a delegation from the Telecommunication and Information Technology Authority of Kuwait. The visit aims to review the best practices and strategies related to the regulatory affairs and licensing management, development of provided services, and customer happiness. The visit agenda included a detailed presentation prepared by the TRA Regulatory Affairs team, detailing ...

Dubai / Emirates Business The most effective ways of improving the publishing and book industry in the UAE was the theme of a Ramadan gathering. Organised by Emirates Publishers Association (EPA) and attended by its President, Sheikha Bodour bint Sultan Al Qasimi, the Suhoor event saw local publishers invited to discuss the EPA vision, which is aimed at promoting the ...