Author: Emirates Insight

Think you’ve got what it takes to conquer Dubai’s frostiest obstacle course? The Ice Warrior Challenge is back and it’s colder, tougher, and snow much funConsider yourself a pretty active person? A thrill-seeker? Maybe a challenger? If the answer is yes, sign up for the brrr-illiant Ice Warrior Challenge in Dubai.Now in its 16th edition, the Ice Warrior Challenge will take place on Sunday, September 14, at Ski Dubai in Mall of the Emirates. On the day, the venue will be transformed into a thrilling obstacle course with more than 20 high-intensity obstacles, including rope walls, ice pools, monkey bars,…

Bitcoin’s price actions have calmed over the weekend as the asset has stalled around the $115,000 mark following the massive volatility experienced on Friday. Most altcoins are also sluggish on a daily scale, which is why we will focus on their weekly performances, and OKB stands in a league of its own. BTC Stalls at $115K The business week didn’t go all that well for the primary cryptocurrency as its price started to lose traction from Monday. It first dipped to $115,000, and after an unsuccessful bounce, it quickly resumed its downfall with a nosedive to $113,000 by Wednesday and…

A new survey by Canadian investor migration consultancy Arton Capital revealed the scale of unease among Britain’s affluent. Of the 1,009 UK residents with at least £1 million ($1.35 million) in net assets surveyed, over 50 per cent said they were more likely to relocate under a wealth tax, while 60 per cent believed they could enjoy a better quality of life overseas. Notably, 47 per cent of Labour-voting millionaires said they too would consider leaving – raising awkward questions for Chancellor Rachel Reeves about whether the very voters who delivered Labour its landslide could now be preparing to take…

Harvard economist Kenneth Rogoff has admitted that his infamous 2018 prediction, that Bitcoin (BTC) was more likely to be worth $100 than $100,000 in ten years, was spectacularly wrong. Writing on X, Rogoff acknowledged that he underestimated the OG cryptocurrency’s resilience, citing “sensible regulation never arriving,” its role in the global underground economy, and people in authority themselves holding crypto despite conflicts of interest. From $100 Call to $124K Reality The admission comes just days after Bitcoin set a new all-time high price above $124,000 on August 14, flipping Google’s market capitalization in the process. Rogoff’s climbdown has rekindled debate…

Authorities from the island nation have issued a notice for a substantial amount of Bitcoin lost due to a sophisticated attack. This event adds to the already long list of similar attacks the year has seen so far, and worryingly, continues to see. The Losses Increase Financial crime continues to weigh heavily on the crypto industry, with billions lost to date this year alone in various attacks and exploits. The North Wales Police Department’s cybercrime unit has flagged the most recent incident, disclosing the theft of £2.1 million ($2.8M) in BTC from a cold wallet via impersonation. They believe this was…

In the rapidly evolving world of competitive gaming, few moves have been as strategically significant as ESL FACEIT Group’s establishment of operations in Saudi Arabia. As the esports industry grapples with sustainability challenges and seeks new growth markets, the Kingdom has emerged as a leader actively shaping the future of esports. “Saudi Arabia has moved beyond participating in the industry, it is actively shaping and leading its future,” said Niccolo Maisto, CEO of ESL FACEIT Group (EFG), in an exclusive interview with Arabian Business. “EFG’s presence in Saudi Arabia is both a reflection of this momentum and a catalyst for…

The three largest cryptocurrencies by market capitalization now have a spot among the top 100 global financial assets by that metric. That became possible as Ripple’s native token jumped to a market cap of almost $180 billion, which helped it surpass several well-known names such as Allianz SE, Accenture, and Boston Scientific. Ripple Enters Top 100 The overall growth of the cryptocurrency market cap has been more than evident for the past 10 months. Aside from bitcoin and ether, which are now positioned well within the top 10 and 30 global financial assets by market cap, the crypto market now…

According to the World Travel and Tourism Council, the UAE’s tourism and travel sector contributed AED257.3bn ($70bn) to the national economy in 2024, accounting for 13 per cent of GDP. International tourist spending is forecast to grow 5.2 per cent this year to AED228.5bn ($62.2bn), while domestic spending is expected to rise 4.3 per cent to AED60bn ($16.3bn). UAE tourism sector turns to AI Industry experts say the UAE’s adoption of smart technologies—ranging from mobile check-in and AI-driven personalisation to cloud platforms and real-time data insights—is transforming how visitors experience the country. These advances also support environmental goals by reducing…

Social engineering scams have proved to be one of the damaging attack vectors in crypto, which are capable of bypassing technical defenses and draining platforms or users of staggering sums. In the latest development, a victim lost 783 Bitcoin, worth approximately $91 million, in such an attack. Hackers Impersonate Wallet Support Prominent on-chain investigator ZachXBT reported that the attackers impersonated both exchange and hardware wallet customer support. Blockchain data shows the thief has already laundered the stolen funds through the privacy-focused Bitcoin wallet Wasabi. The incident coincidentally occurred on the one-year anniversary of the $243 million Genesis Creditor theft. ZachXBT…

Expand North Star, the world’s largest event for startups and investors, will celebrate its 10th edition from October 12-15 at Dubai Harbour — after last year welcoming 65 unicorn companies with a combined market value exceeding $400bn. Organised by Dubai World Trade Centre and hosted by the Dubai Chamber of Digital Economy, the event marks a decade of advancing the emirate’s position as a global capital of the digital economy and a top destination for innovators, investors, and pioneering tech enterprises, in line with the Dubai Economic Agenda (D33). Since its launch in 2016, Expand North Star has seen explosive…