Author: Emirates Insight
This week saw a big investment in OKX, Kraken received a Fed Master Account, while Justin Sun reached a $10 million settlement with the SEC. This time last Friday, the tension was building in the Middle Eastern region, but only a handful of people could have predicted how the world would change just hours later. On Saturday morning, Israel and the USA joined forces to launch a military operation against Iran, which began with air strikes. Iran retaliated and continues to do so as the week progressed, even though its Supreme Leader was killed during the first day of…
As the UAE continues to strengthen its position as a global tourism and hospitality hub, payment infrastructure is playing a growing role in protecting profitability and financial efficiency. Beyond occupancy levels and room rates, international collections, exchange rate fluctuations, and delayed settlements can quietly impact margins for hotels and restaurants operating across borders. PaySelect, an innovative UAE-based payments comparison platform, is reshaping how hospitality businesses manage their payment infrastructure, enabling them to compare and implement more efficient payment processing, cross-border transactions, and FX solutions tailored to their operations. “Hospitality operators often focus on revenue growth, yet the way funds move…
It was a classic case of too many games, too little time. I downloaded The Drifter at the end of October. I could only play it on my Steam Deck — a less frequented device for me — so the game was already at a disadvantage. I booted it up, played 10 minutes to get the gist ahead of a developer interview with co-creator Dave Lloyd from Powerhoof for another story. I remember saying the game was a unique commentary on homelessness on the call. Lloyd played a straight bat at the time, agreeing with my point. In retrospect, he…
Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), affirmed that the UAE’s banking and financial sector continues to demonstrate the highest levels of resilience and stability. He noted that banks, financial institutions, and insurance companies across the country are operating normally and continue to deliver their services to customers and the public efficiently and without disruption nationwide. Balama affirmed that for more than 53 years, the CBUAE has built a distinguished legacy of achievements. Guided by the wise vision of the UAE’s leadership, the Central Bank has played a pivotal role in safeguarding the…
A pioneer of giving has contributed AED 10 million to the “Mother of the Nation Endowment for Orphans” initiative, launched by the Endowments and Minors’ Funds Authority – Awqaf Abu Dhabi under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. The initiativeaims to establish a sustainable endowment (waqf) fund thatenhances the quality of life for orphans in the UAE and contributes to a more cohesive and resilient society.It also reinforces Awqaf Abu Dhabi’s efforts to advance endowment (waqf) as an effective social development tool, transforming single contributions into long-term, lasting impact. The anonymous…
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced the delivery of the FX Super One to UAE-based Infinite Glory Holding Company and Noorizon. Delivery ceremonies were held for both. This milestone marks FF’s continued progress in the Middle East market and represents a significant step forward in deepening local collaboration. It signals the acceleration of FF’s localization strategy in the region and injects strong momentum into the Middle East’s transition toward the EAI mobility ecosystem era. The delivery further reinforces FF’s brand positioning as…
By Nicole Jao and Shariq Khan NEW YORK, March 4 (Reuters) – Average U.S. retail diesel prices surpassed $4 a gallon for the first time in nearly two years on Wednesday and are set to rise further later in the week as the U.S.-Israel conflict with Iran dragged on, threatening to hit consumers with sticker shocks on everything from food to furniture. Prices for diesel, used mainly in manufacturing and freight, have been on a tear since Iran began retaliating against U.S. and Israeli strikes on the country by bombing energy infrastructure across the Middle East and disrupting shipping in…
Like the SEC, the derivatives trading regulator, the CFTC, is also working to regulate prediction markets. The United States Securities and Exchange Commission (SEC) has inched closer to creating guardrails to ascertain how cryptocurrencies are regulated. In a recent commission-level guidance submitted to the White House’s Office of Information and Regulatory Affairs (OIRA), the SEC outlined how securities laws can be applied to crypto. If followed, the new guidelines could affect how crypto-focused companies register and operate their businesses in the country. New Guidelines for Crypto Market According to the OIRA’s website, the guidance was labeled as the “Application…
Sydney cancer medtech startup Lumonus, has added an additional $3 million to its Series B, four months on, to take the total raised to $28 million. Brandon Capital and Investible joined the round, led by Aviron Investment Management with support from existing investor Oncology Ventures, which backed a Seed round in March 2025. The initial $25m Series B raise was announced last November. The clinical care platform, founded in 2024, uses AI for radiation oncology workflow automation and is used in the US, Australia and Europe. Clinicians have used it consult and prescribe on more than 280,000 cancer treatments, automating…
While gold’s (GC=F) climb toward $5,300 grabbed investors’ attention in 2025 and 2026, silver (SI=F) ripping past $90 an ounce stole the headlines. There’s a clear reason for the run-up. Silver now sits at the center of the green economy. High-efficiency solar panels use heavy silver loads, and EVs require roughly twice as much silver as gas-powered cars. And ongoing tariff jitters following Trump’s return to the White House continue to fuel interest in precious metals as investors seek stability in alternative assets to hedge against inflation and protect against a weakening dollar. If you were buying silver at $20,…