UAE

To expand its international footprint, Tesla’s Chinese rival XPeng Inc. (NYSE:XPEV) has established a long-term strategic partnership with Ali & Sons, a prominent automotive dealership group in the United Arab Emirates (UAE). What Happened: The partnership will see XPeng, a leading...

In a strategic move, Alibaba Group Holding Ltd. (NYSE:BABA) has initiated partnerships with local companies in Saudi Arabia and the United Arab Emirates (UAE) as China strengthens its relations with the Gulf region. What Happened: Alibaba’s President, Michael Evans, revealed the company...

Sam Altman, the CEO of OpenAI, is reportedly in discussions with potential investors to secure trillions of dollars for a groundbreaking tech initiative. The project aims to transform the global semiconductor industry and enhance the capacity for AI. What Happened: Altman is in talks with investors...

The U.S. Secretary of State, Antony Blinken, has embarked on a diplomatic mission to the Middle East to prevent a potential regional war. His itinerary includes visits to the United Arab Emirates, Saudi Arabia, and Israel. What Happened: Blinken set out on a five-day diplomatic journey starting...

Hedge fund maestro Ray Dalio calls the United Arab Emirates a “renaissance state” — rather for financial reasons than human rights factors. He and dozens of billionaires are willing to overlook the moral maze for a safer — and cheaper — place to barricade their wealth. Dalio and...

This year’s United Nations Climate Change Conference, or COP28, kicked off on Thursday in Dubai. Nations expressed renewed commitments to reduce their reliance on fossil fuels — deemed a moment of reckoning for oil companies. COP28 President and UAE leader Sultan Al Jaber said at the opening...

Changpeng Zhao, the founder of cryptocurrency giant Binance, is currently required to stay in the United States as a federal judge deliberates over a motion from the U.S. Department of Justice. This motion insists that Zhao should remain in the U.S. until his sentencing, which is expected early...

Former CEO of crypto exchange Binance (CRYPTO: BNB) Changpeng Zhao is contesting the U.S. government's attempt to modify his bail terms. In a fresh legal document, he challenged the notion that he poses a flight risk, despite holding citizenship in two other countries, including...

Highlighting blockchain technology's transformative impact on global finance and the payment industry, Pratik Gauri, the CEO of 5ire on Monday delved into the global shift towards sustainable digital finance and the unique approaches of countries like the UAE, Nigeria,...

SC Ventures, the venture capital arm of Standard Chartered, is partnering with Japanese conglomerate SBI Holdings to establish a digital asset joint venture investment company in the United Arab Emirates (UAE). The joint venture, which will be capitalized with $100 million, aims to invest in...

The 21st century is famously known for the rise of smartphones, social media, GPS navigation, drones and many other things including blockchain and cryptocurrency, two names that have also seen rapid growth.  Blockchain provides a method to secure and distribute knowledge, data ...

A new stablecoin pegged against the Dirham was launched which will protect consumers from high inflation rates in the U.A.E.  What Happened: Former Softbank Group Corp executive Akshay Naheta founded a company, DTR, in the United Arab Emirates (UAE) International Financial Free...

Nearly half of the global population ventured into cryptocurrency investments, yet only a minuscule fraction, precisely 22, amassed a fortune exceeding a billion dollars from these holdings, according to the 2023 Crypto Wealth Report by Henley & Partners. The report's...

As the crypto landscape continues to evolve, it's essential to stay updated with the latest trends and insights, including the growing interest in Shariah-compliant financial instruments. What Happened: A195 Capital on Wednesday announced an undisclosed investment in Islamic Coin, an...

The inclusion of Saudi Arabia and the United Arab Emirates (UAE) in the BRICS group signifies a shift in their reliance on the U.S., reported the South China Morning Post on Friday. What Happened: The successful bids of Saudi Arabia and the UAE, the Middle East’s two largest economies, to...