Author: Emirates Insight
Ethereum came close to breaking its all-time high this week, and the fallout was brutal for anyone betting against it. Around 259 million dollars in short positions were liquidated, along with another 80 million in long positions. That adds up to more than 340 million dollars in crypto liquidations in just 24 hours. Ethereum alone made up more than half of that total. Fed Hint Lights Up Crypto Markets The rally wasn’t random. It followed comments from Fed Chair Jerome Powell suggesting that interest rate cuts could be on the horizon. Traders didn’t wait around. Ethereum surged almost 15 percent…
Make the back-to-school juggle easier with talabat’s groceries, pharmacies, and family-friendly food dealsThe new school year is here, and with it comes the familiar juggle: school runs, packed lunches, after-class activities, and the endless list of “just one more thing” to buy. To help take the edge off, here are some simple ways to make your routine smoother, and even save a little time (and cash) along the way.Stock the pantry in minutesBetween lunchboxes, snacks, and quick weeknight dinners, grocery shopping can feel never-ending. Instead of long supermarket runs, talabat makes it easier with everything from fresh produce to pantry…
I don’t like the name Jackson Hole. It makes me feel like I’m forced to watch important events going on in a man’s … well, you know. It all sounds so ominous! More importantly, the Jackson Hole, Wyoming, Fed meeting is what started the great bear market of 2020, when Powell announced rate hikes, and now that might happen again. Last week, U.S. producer inflation (PPI) came out super high, rising another percentage point, which now puts the three-rate cut scenario by the end of the year in question. All risk assets are falling with BTC ▲3.70% down 6.6% on…
Abu Dhabi’s Hub71 is sharpening its focus on artificial intelligence and preparing to expand into healthcare as the emirate accelerates efforts to build a global tech hub that can attract talent, capital and entrepreneurs from around the world. The state-backed startup ecosystem, which launched in 2019 with the support of sovereign wealth fund Mubadala, as well as global technology partners, is positioning itself as the Gulf’s answer to Silicon Valley. In an interview with Arabian Business, Peter Abou Hachem, Head of Growth and Strategy at Hub71, said artificial intelligence was now the organisation’s sharpest bet. “We’ve accepted 13 new AI…
Orilla is a new restaurant opening in Dubai offering a Mediterranean escape in the skyAs autumn approaches in Dubai, those in the know are gearing up for one thing – the launch of a wave of new restaurants across the city. And one to keep your eyes and tummies on is Orilla.Orilla is a concept from Chef Saradhi Dakara and is opening its doors in Hotel Local (previously The One) in Jumeirah Village Triangle in Dubai. Chef Dakara is renowned for his pivotal role in expanding The Maine Group across Dubai, London, and Ibiza. He also wears many other hats…
The world is witnessing the rise of the dollar-pegged stablecoin. However, China, for one, is not happy with its growing dominance in global finance. A Chinese stablecoin might be on the horizon as the country explores yuan-backed stablecoins, in a major pivot towards digital assets. According to an article published by Reuters on August 21, 2025, the Chinese Council is exploring ways to internationalise the Yuan and is reportedly set to review a roadmap for the same later this month. This plan includes the development of a Chinese stablecoin. JUST IN: China considers yuan-backed stablecoins, eyes rollout in Hong Kong…
Back to school doesn’t have to be stressfulSummer holidays are full of late nights, lazy mornings, and endless freedom, but as the kids are easing back to school, parents across the UAE know the struggle: how do you get children back into a school routine without meltdowns, moaning, or missed alarms?“Getting back into the school routine can be a challenge, but with a little preparation, the transition can be smooth and stress-free for both children and parents,” says Dr Funke Baffour-Awuah, Corporate Head of Wellbeing at GEMS Education.Dr Funke Baffour-Awuah – Corporate Head of Wellbeing at GEMS EducationHere are her expert…
A 3.3-magnitude UAE earthquake was felt in the Safad area of Fujairah today at 12:35pm, according to the National Center for MeteorologyA UAE earthquake was recorded in Fujairah by stations of the National Center for Meteorology (NCM), which closely monitors seismic activity across the country.Earlier this month, on Tuesday, August 5, and Friday, August 8, minor earthquakes were reported in the UAE. The first, recorded in Khor Fakkan, a town on the Gulf of Oman measured 2.0 on the Richter Scale. It occurred at 8.35pm UAE time and had a depth of 5 kilometres. While residents in the immediate area…
Call it diplomacy at 38,000 feet above sea level, but it looks like a likely deal of 500 Boeing aircraft could hold the key to thawing the relationship between the United States and China. On Thursday, Bloomberg reported that Boeing was closer to finalising a deal with China to sell as many as 500 aircraft. The report was based on interviews with people familiar with the matter. Since buying 300 single-aisle and twin-aisle planes for a total of US$37 billion during President Donald Trump’s last visit to the country in 2017, Boeing has only sold 30 in the mainland, with…
Asia’s wealthy are ramping up crypto allocations as trading surges and regulation matures worldwide. Is this uptick among Asian investors driven by strong market performance, expanding institutional access, or the regulatory environment in key markets such as Hong Kong, Singapore, and the US? A 21 August 2025 Reuters report states, “Wealth managers said they are receiving more enquiries, cryptocurrency exchanges have seen trading volumes surge and crypto funds are in huge demand as high-net-worth Asian investors seek more exposure.” In fact, Swiss bank UBS recently saw overseas Chinese family offices planning to raise their crypto exposure to around 5% of…