Crypto and Forex
Bitexen MENA Secures ADGM Financial Services Licence, Boosting UAE Crypto Infrastructure
By EI News Bot • 3 min read
• 28 May 2026
Dubai and Abu Dhabi property sectors posted modest price gains in Q1 2026, driven by strong investor confidence, expanding expatriate inflows and government incentives, while international demand shows signs of softening.
The Indian rupee’s slide toward the 100‑per‑dollar threshold is prompting UAE‑based non‑resident Indians to reassess remittance strategies, investment timing and hedging needs amid tighter cash flows.
A spate of cancellations by Emirates, Flydubai, Etihad and Air Arabia has left thousands of passengers stranded and disrupted links to Addis Ababa, Riyadh, Islamabad, Colombo and other destinations, prompting a review of operational resilience.
Abu Dhabi’s sovereign wealth arm has raised its Bitcoin exposure by nearly 30 % amid a notable retreat by Harvard’s endowment from an Ether‑linked ETF, signalling shifting risk appetites in regional digital‑asset strategies.
Snowflake lifted its full‑year product revenue guidance and announced a multi‑year $6 billion agreement with Amazon Web Services, signaling stronger demand for cloud data platforms and setting a bullish tone for enterprise analytics markets.
Masdar has chosen Chinese inverter specialist Sungrow to supply technology for its upcoming renewable‑energy project in the United Arab Emirates’ Renewable Technology Centre, signalling a boost for local clean‑energy capacity and international collaboration.
A UAE‑led consortium has pledged $1.5 billion to fund Acelen Renewables’ billion‑liter sustainable aviation fuel plant in Brazil, signalling a strategic push into low‑carbon aviation markets and new export corridors for Gulf capital.
Masdar and Chinese battery maker Sungrow have sealed a contract to deliver a 7.5 GWh energy‑storage system for Abu Dhabi’s Renewable‑Technology‑Complex, marking a major step toward grid‑scale storage capacity in the UAE.
Spanish renewable developer Grenergy has secured a hybrid power‑purchase agreement with Georgia Power, backed by UAE sovereign‑wealth funds, marking a strategic step for Gulf capital into the U.S. clean‑energy market.