Author: Emirates Insight
When Katherine Ruiz launched People Haircare, she didn’t tiptoe into the market. She went straight into over 800 Coles stores nationally. No soft launch. No boutique trial. Just premium, high-performing haircare on the shelves of one of Australia’s biggest retailers – right from day one. “From day one, Coles was part of the vision,” she says. “If we wanted to make high-performing, affordable haircare truly accessible, we had to be where people already shop.” That idea – of accessibility without compromise – sits at the core of the People Haircare mission: “To make premium, high-performing, and ethically made haircare accessible…
Strategy, previously known as MicroStrategy, has expanded its already massive Bitcoin holdings. According to a recent SEC filing, the company acquired an additional 4,048 bitcoins for $449 million. That takes its total to 636,505 BTC, each bought at an average price of $73,765. At today’s prices, that pile is now worth more than $69 billion. It also means Strategy controls a little over three percent of the entire Bitcoin supply. STRC Dividend Climbs to 10 Percent Alongside the Bitcoin update, Strategy also increased the dividend for its STRC preferred stock. The annual rate now sits at 10 percent. STRC is…
Using the UAE gratuity calculator will help you find out exactly how much you are entitled to when leaving your jobWhether you are thinking about changing jobs or just want to be prepared, knowing how it works means there are no surprises later, and the UAE gratuity calculator can help you work it out in minutes.What is gratuity payGratuity is money that your employer must pay you when you leave your job, as long as you have completed at least one year of service and meet the conditions set out under UAE Labour Law. It is a way of rewarding…
NCM says expect a gradual dip in temperatures and more comfortable evenings later this month, with autumn officially starting on September 23September in the UAE marks the tail end of summer, and the National Center of Meteorology (NCM) is calling it: nights will start to feel cooler as the month progresses. Autumn officially begins on September 23, when the sun crosses the equator, ushering in a slow but welcome step-down from peak summer heat.What the weather pattern looks like this monthAs we move through September, the influence of the seasonal Indian monsoon low weakens, though the UAE can still feel…
A surge of international investors is bolstering Dubai’s real estate market, with apartments driving sales and rentals in August despite the seasonal slowdown, according to real estate agency Allsopp & Allsopp. The brokerage said demand from buyers in South Korea, South Africa, Australia and Canada helped push apartment sales value up 26 per cent year on year, while it recorded a stronger 31 per cent gain in its own transactions. Apartments accounted for 89 per cent of real estate deals by volume and 71 per cent by value, overtaking villas and townhouses. Figures from the Dubai Land Department (DLD) showed…
The stablecoin market has hit an all-time high of $284 billion. New legislation in the United States supports this increase, and the USDe at Ethena is becoming one of the primary beneficiaries of this trend. As per Dune Analytics data, the dollar-pegged stablecoin, USDe, issued by Ethena, grew significantly during the past month. Its supplies increased by +42% to an all-time high of $12.43Bn. Meanwhile, the protocol revenue grew in August to reach $61M. That was the month that Ethena had the highest this year. The recent growth has also increased the interest in the long-debated fee switch of Ethena.…
What’s new in the UAE for September? Quite a bit actually…If you’re just coming back to the UAE after the summer, you might want to know what’s new in the country, what updates there are and basically what you missed. It’s all here.A new Dubai Metro route has been added to the Red LineDubai’s Roads and Transport Authority (RTA) has introduced a new Red Line route on the Dubai Metro, aiming to improve travel convenience for passengers.On their official social media channel, RTA shared ‘Metro routes rerouted during peak hours between Centrepoint and Al Fardan Exchange Station’. Read the info…
In a shocking phishing attack, North Korean-connected cybercriminals hit a BNB crypto whale to steal $13.5M in Binance coins, and now the XVS price could be in question – here’s why. A major Venus Protocol user lost about $13.5M on Sept. 1 after a phishing attack targeted their positions. On-chain data and security reports confirmed the attack. It happened at 3:26 PM UTC. Venus Protocol paused operations immediately after the incident. The platform said its smart contracts were still secure, and investigations are ongoing. We are aware of the user wallet being drained (smart contract is safe) and are actively…
Tashas Group has struck a AED100 million ($27 million) joint venture with UAE developer Arada to open at least 10 new restaurants across the Gulf over the next two years. The deal bets that demand for premium dining is moving beyond the malls and downtown districts of Dubai and Abu Dhabi. The partnership, shared exclusively with Arabian Business, will see the group’s flagship Tashas café concept and the soon-to-launch Café Sofi open in Sharjah, Al Ain, Ras Al Khaimah and Nad Al Sheba. The first outlets will debut from December, including a Tashas at Arada’s Aljada community in Sharjah. The…
A new Dubai Metro route has been added during peak hours to ease congestionDubai’s Roads and Transport Authority (RTA) has introduced a new Red Line route on the Dubai Metro, aiming to improve travel convenience for passengers.On their official social media channel, RTA shared ‘Metro routes rerouted during peak hours between Centrepoint and Al Fardan Exchange Station’.Trains from Centrepoint Station will now make their way along the Red Line and will terminate at three stations: Life Pharmacy, Expo 2020 and Al Fardan Exchange Station (previously, Al Khail). The new route will only come into effect during peak hours. RTA states that…