DUBAI (Reuters) - The Bitcoin Fund debuted on Nasdaq Dubai on Wednesday, becoming the Middle East’s first listed cryptocurrency fund. The fund, which was listed by Canadian digital asset management firm 3iQ on the Toronto Stock Exchange last year, has roughly $1.5 billion in assets under management and plans to manage double that next year.
(CNN) — From a vantage point more than 50 stories high, Ali Mansour looks down on the islands he helped build nearly two decades ago. "It was a great challenge," he says. "A (once-in-a) lifetime experience." Those islands make up Dubai's iconic Palm Jumeirah -- a man-made, palm tree-shaped archipelago...
Australian engineer Robert Pether is losing hope he will be released from the crowded Iraqi jail where he has spent almost 80 days without charge, his wife says. Pether was arrested 77 days ago after he travelled to Baghdad to try to resolve a dispute between his firm and Iraqi authorities about the construction of the central bank’s new headquarters. Expecting to meet with officials from the Central Bank of Iraq, Pether and a colleague were instead arrested and initially held in isolation.
DUBAI (Reuters) - Saudi Arabian oil giant Aramco has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters. Aramco has borrowed tens of billions of dollars in the past few years to keep up with Saudi...
DUBAI, June 23 (Reuters) - Emirates Global Aluminium, one of the world's largest aluminium producers, is in talks with banks to refinance and change the terms of a loan of about $6 billion it secured in 2019, two sources with knowledge of the matter said on Wednesday. The United Arab...
DUBAI (Reuters) - Sheikha Latifa, one of the daughters of the ruler of Dubai, has issued a statement by email to Reuters saying she is free to travel, according to lawyers who said they were acting on her behalf. The announcement comes two days after a photo appearing to show...
The term ‘vaccine tourism’ may not have been on anyone’s lips before 2021, but it is fast becoming a draw for nations dependent on visitors for their economy as they hope to lure tourists back. But what countries are offering this new perk along with sights, (potential) sun, and escaping the daily working-from-home grind?
• 3iQ Corp leads the negotiation with Dubai for the Bitcoin fund. • The Canadian Stock Exchange expects to trade above $200 million. Dubai celebrates its first Bitcoin fund on the 3iQ manager launched last Wednesday. The Canadian virtual currency manager 3iQ hopes to raise at least $200 million in the offering. This will create a new cryptocurrency purchasing boom by citizens in the UAE.
Mumbai (Maharashtra) [India], June 23 (ANI): Investment advisory firm IIFL Securities said on Wednesday it has partnered with investment platform Stockal to attract Rs 730 crore worth of cross-border investments from Indian investors in the next one year. The partnership will help IIFL Securities customers to access over 3,500 US-listed...
WorldInternational Business Times
The Middle East's first bitcoin fund launched on the Dubai bourse on Wednesday, with Canadian digital asset manager 3iQ Corp seeking to raise around $200 million in the offering. Created in 2008 as an alternative to traditional currencies, bitcoin is the world's most popular virtual unit, but its price has...
LifestylePosted byRed Tricycle
Sometimes it’s hard enough to figure out where you’re going for family vacation this year, let alone what you’ll do once you get there. Luckily TripAdvisor just released the 2021 Travelers’ Choice “Best of the Best” Things to Do Awards and for the first time there’s a whole family-friendly category!
Merlin Entertainments is opening its latest Madame Tussauds location in Dubai, located on the island destination Bluewaters adjacent to Ain Dubai, the world’s biggest observation wheel. Madame Tussauds Dubai will be an interactive experience where visitors can meet 60 wax stars, including 16 new wax figures from the Middle East...
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CurrenciesPosted byMarkets Insider
A Canadian bitcoin fund just became the Middle East's first crypto listing after debuting on Nasdaq's Dubai exchange
The Bitcoin Fund rose 10% on the exchange, just a day after the cryptocurrency wiped out its gains for the year.
The Bitcoin Fund, a Canadian, closed-end bitcoin investment fund, became the first of its kind to trade in the Middle East after being listed on the Nasdaq Dubai Exchange, reported Bloomberg. With the Mideast listing, the fund intends to allow trading of its shares around the globe, around the clock.
Dubai, UAE - The region’s leading hospitality investment conference, AHIC, has confirmed the first 50 speakers for this year’s event, being held live and in-person from September 20-22, 2021 at Madinat Jumeirah in Dubai. John Pagano, CEO, The Red Sea Development Company and Amaala; Samih Sawiris, chairman, Orascom Hotel and...
Amazon Payment Services, the Middle East and North Africa (MENA) region-based payment processing service, has launched a new FinTech lab, according to a report from Arab News. Called the Amazon Fintech Lab in the Dubai International Financial Centre (DIFC) Innovation Hub, it will be used as a way to engender discussions on digital payment world along with the future of the FinTech industry. It's part of the Dubai Future District announced in January 2020 by Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of the UAE and ruler of Dubai.
Middle EastPosted byCNN
A spectacular feat of engineering, the man-made islands of Palm Jumeirah are 20 years old this year.
DUBAI (Reuters) – Middle East shopping mall operator Majid Al Futtaim said on Wednesday retail revenues in the United Arab Emirates in the latter part of 2021 are likely to exceed those seen before the pandemic, as more people are vaccinated and Dubai Expo 2020 begins. Privately-held Majid Al Futtaim...