Author: Emirates Insight

Washington State just dropped the hammer on a crypto-linked fraud operation, filing to seize $7.1 million in digital assets tied to an international oil storage scam. The scheme lured investors with promises of high returns, but it turns out that everything is smoke. Backed by the DoJ and Homeland Security Investigations, the civil action targets crypto wallets allegedly used to launder investor funds. The main suspect, Geoffrey K. Auyeung, already faces a criminal indictment and could see up to 200 years behind bars. BitcoinPriceMarket CapBTC$2.34T24h7d30d1yAll time Inside the Oil Storage Scam: Crypto, Shell Companies, and Global Laundering Fraud Investigation suggests…

Amazon has announced its longest-ever Prime Day in the Middle East, extending the annual shopping event to seven days from July 25 July-31, as customers in the UAE and Saudi Arabia increasingly adopt strategic approaches to spending. “We are seeing a significant shift toward more thoughtful, strategic shopping — customers are no longer simply making impulse purchases but are becoming savvy deal-hunters who carefully research prices and strategically time their purchases around major sale events,” Stefano Martinelli, Vice President of Amazon Middle East and North Africa told Arabian Business. According to Martinelli, the research conducted by HarrisX for Amazon, combined…

We can’t guarantee your safety from the very public, musical birthday wishesCelebration is the joy of life, and there’s always a reason to celebrate. Whether it’s an accomplishment, a life change, a special person in your life or just because…Birthdays are one of those days you can honour the people who make your life great, and there’s plenty of spots in Dubai to do just that. For those of us who don’t like to make a big show of it, these elevated casual spots are where to be for your big day.KiyoshiLocated in Dubai Creek Harbour, this spot has all…

Dubai Business Events (DBE), the city’s official convention bureau, has continued to accelerate the growth of Dubai’s business events ecosystem and support the city’s tourism growth in line with the Dubai Economic Agenda, D33, securing 249 successful bids in the first six months of 2025 to host events through 2025 till 2029, including major congresses and high-profile incentive programmes. This achievement marks a 29% increase in bid submissions compared to the same period last year, with a total of 391 bids submitted year-to-date and a conversion rate of 64%, up from 58% in H1 2024. These confirmed wins are expected…

The price of PUMP has nosedived after co-founder Alon Cohen revealed that the highly anticipated airdrop isn’t happening anytime soon. The announcement came during an interview with ThreadGuy and immediately triggered a wave of panic selling. The crash also comes amid broader market weakness, with Bitcoin hovering just above $117,000 and investors closely watching its next move. Altcoins are losing steam: XRP is down 12%, Solana has dropped 8%, while Ethereum is holding up slightly better with a 3% dip. Within hours of Alon’s statement, two early investor wallets offloaded a combined 1.25 billion PUMP tokens, worth around $3.81 million,…

This new cafe, indoor farm and community space deserves a spot on your summer restaurant listHouse favourite One Life Kitchen is growing – literally and figuratively. The community concept has a brand new outpost in Alserkal Avenue, resident cool club for all the cool kids, and now a culture and dining hotspot in the city, and this one is a little bit different. After wildly successful branches in D3 and JVC, they’ve made a pivot into a farm-to-table experience coming straight from just one level above – The Growhouse by One Life.Necip Camcigil, founder of One Life, tells us that…

EIT Digital is back with its prestigious EIT Digital Champions 2025. In this 12th edition, it will select 50 of Europe’s best deep tech scaleups to participate as finalists. These finalists will have the chance to pitch their businesses in front of a panel of international venture capital investors and fundraising experts. From this pool of finalists, the top performers will be named EIT Digital Champions gaining access to the 12-month EIT Digital Growth Services Program valued at €50,000 and marking the start of their journey toward successful fundraising and global growth. What’s In It For You? The finalists of…

Dubai Land Department has signed a memorandum of cooperation with Masdar City to allow companies and establishments operating in free zones under Masdar City to own land plots and properties under the freehold ownership system in Dubai. The agreement establishes a regulatory framework for this ownership structure. The partnership forms part of Dubai Land Department’s strategy to enhance the competitiveness of the emirate’s real estate market and expand the investor base by creating opportunities for free zone companies. The initiative aligns with the objectives of the Dubai Real Estate Strategy 2033. The Dubai Land Department and Emirates NBD sign a…

It was a night of celebration for Reinier de Ridder after what can only be described as one of the most important fights in his career so far. The Dutch mixed martial artist narrowly defeated former middleweight champion Robert Whittaker in a razor-close split decision on Saturday, July 26, in the headline fight of UFC Fight Night Abu Dhabi.Held at the buzzing Etihad Arena on Yas Island, the bout had the crowd on edge from the opening bell. Over five explosive rounds, De Ridder and Whittaker went back and forth, trading takedowns, clinch battles, spilling blood and keeping fans on…

Bitwise made it through the front door, only to get shoved down the hallway and told to screw off. On Tuesday, the SEC’s trading division approved a first-of-its-kind multi-crypto ETF before the agency’s top brass froze it. The pause came via Rule 431, a procedural tool used when internal consensus is polarized. Is this the deliberate slowing down of cryptoization in America? “SEC Division of Trading & Markets has approved the Bitwise 10 Crypto Index ETF… However, like with the Grayscale Digital Large Cap ETF, this approval order is stayed.” — Nate Geraci, President of Novadius Wealth Management What’s Inside the…