Author: Emirates Insight
Several major banking groups in the US have made a concerted effort to reach out to Congress regarding wording in the GENIUS Act that has created a stablecoin yield loophole. The Bank Policy Institute (BPI) stated in a letter sent on 12 August 2025 to Congress that the existing language of the law allows stablecoin issuers to route yield through third-party exchanges or intermediaries. The GENIUS Act, enacted on 18 July 2025 under the administration of President Trump, prohibits stablecoin issuers from directly offering interest or yield to token holders. The fight between banks and stablecoin issuers is getting very…
Dubai is one of the world’s most exciting gastronomic destinations, serving up a mosaic of global flavours that reflect the emirate’s rich multicultural identity shaped by a population representing nearly 200 nationalities. With nearly 1,200 new restaurant licenses issued in 2024 alone, homegrown F&B brands are at the heart of Dubai’s culinary scene. Amplifying the city’s homegrown F&B talent are ongoing citywide initiatives like the Dubai Summer Surprises (DSS), empowering independent players to scale within a competitive landscape while contributing to the economic growth of Dubai’s thriving gastronomy sector. DSS organisers Dubai Festivals and Retail Establishment (DFRE) are championing local…
Beat the heat and make the most of the final weeks of summer dealsSummer’s not over yet and neither are Dubai’s hottest summer deals. With just over two weeks left until August 31, now’s the perfect time to enjoy the city’s coolest dining, indoor attractions, spa treatments, and shopping steals. From golden hour cocktails to snowy adventures, these limited-time offers are your ticket to an unforgettable end of summer.Must try dining dealsImage: What’s On ArchiveChoi Nomi: Summer Sunset Sessions at ATTIKOATTIKO Dubai invites you to enjoy Choi Nomi, “a little drink” in Japanese celebrating relaxed post-work gatherings or date nights…
UAE airlines have expanded their global footprint with 15 new destinations in the first half of 2025, helping drive passenger numbers at the nation’s airports to 75.4 million. The growth cements the country’s position as one of the world’s leading aviation hubs, with both passenger traffic and air cargo volumes climbing. The UAE’s civil aviation sector continued its strong growth trajectory in the first half of 2025, according to the latest performance indicators from the General Civil Aviation Authority (GCAA). UAE airports and airlines Airports across the country handled 75.4m passengers between January and June, up 5 per cent from…
Bitcoin or BTC dominance has dipped below 60 percent, a level not seen since early 2023. This drop usually precedes an altcoin rally or bull run akin to the 2021 surge. As capital rotates from the king to riskier assets, Ethereum leads the charge, climbing near its all-time high amid strong ETF inflows and network upgrades. This drop is also aligning with market optimism, fueled by the anticipated Fed’s rate cuts and institutional buying spree. (BTC.D) Dominance Has Dropped, Alts Have Been Outperforming BTC Ethereum stands out against Bitcoin, with ETH/BTC pair gaining 8.4 percent in the 24 hours, pushing…
Raise a glass this Prosecco Day, August 13, with our guide to the best places in Abu Dhabi for a bubbly celebrationThere’s something about Prosecco that feels like sunshine in a glass. It’s light, a little cheeky, and dangerously easy to drink. Today, August 13, the world toasts to Italy’s favourite fizz, and while Abu Dhabi might not have rolling vineyards, it knows how to pop a cork in style. From rooftop bars with a view to cosy lounges with mood lighting and a flute in hand, here’s where to get your sparkle on.And if bubbles without the buzz are…
UAE weather is heating up this week and dust is in the mixIt’s another hot one across the UAE. Dubai is sitting at 40°C today, with hazy skies sticking around through the evening. Overnight, it dips slightly to 32°C, but don’t expect much relief. In Abu Dhabi, it’s even warmer, 42°C at peak, with a real-feel nearing 39°C already by mid-morning. UAE weather remains firmly in peak summer mode, with no sign of cooler days just yet.Dust incomingAccording to the National Centre of Meteorology, residents should brace for dusty conditions beginning early Thursday and lasting through the night. That means…
Bitget’s recent survey has revealed that cryptocurrency is moving from investment portfolios to real-world spending quickly. A strong majority of European crypto users are now willing to fund their holidays using digital assets. Bitget’s study, which polled over 3000 European users, throws light on the demand drivers behind crypto-powered travel. Apparently, 85.32% of respondents used crypto to book travel or are actively considering it. Interestingly, the top intended uses for crypto now includes daily expenses, accommodation and transport. This reflects a growing comfort with use of crypto across the travel lifecycle. Commenting on the findings, Gracy Chen, CEO at Bitget,…
Get into the spirit of Indian Independence Day at these brilliant restaurants in DubaiIndian Independence Day is celebrated on August 15, a day that marks the nation’s liberation from British colonial rule. With the UAE being home to close to 4.36 million Indians, this is more than enough reason for top restaurants across Dubai to celebrate with delicious lip-smacking dishes and deals to put diners in a patriotic spirit.Here are 12 restaurants to celebrate Indian Independence Day in DubaiArmani/AmalArmani AmalDine at Armani/Amal and go on a flavourful journey through India with a signature vegetarian thali menu designed to honour the…
Saudi Arabia’s Public Investment Fund (PIF) grew its assets under management by 19 per cent to $913bn in 2024, as the Kingdom’s sovereign wealth fund accelerated its role in driving economic transformation and diversifying the national economy. The 2024 Annual Report highlights record investment activity, global recognition, and a $243bn contribution to Saudi Arabia’s non-oil GDP since 2021. PIF deployed $56.8bn across strategic sectors in 2024, bringing total investment since 2021 to more than $171bn. PIF growth in Saudi Arabia The fund now manages 225 portfolio companies, having created 103 of them, and continues to establish national champions across sectors…