Author: Emirates Insight
The Financial Conduct Authority has cleared the path for retail investors in the UK to access crypto exchange-traded notes, or ETNs, starting October 8. These products, which track the price of assets like Bitcoin and Ethereum, will now be available through Recognised Investment Exchanges. This officially ends a ban that has been in place since January 2021. Why the FCA Decided to Reverse Course The original ban was meant to protect consumers from sharp price swings and unclear pricing. But regulators now believe the market has developed enough safeguards to revisit that decision. With professional investors already trading crypto ETNs…
The UAE, Malaysia, and Rwanda will work together to promote ethics and governance in Artificial Intelligence (AI) to help societies and economies in the Global South harness its potential. The three countries signed a strategic partnership to strengthen coordination to help boost AI adoption in the Global South. UAE, Malaysia, Rwanda boost AI governance The countries agreed to expand the scope of the Centre for the Fourth Industrial Revolution (C4IR) AI Fellowship Program, initially signed by the UAE and Rwanda at the 2024 World Economic Forum (WEF) in Davos. Malaysia’s addition expands the partnership and will promote further international cooperation…
Hong Kong’s stablecoin licensing framework officially went live on August 1. This is the first time the city has introduced a legal structure specifically for fiat-pegged digital tokens. The move puts the Hong Kong Monetary Authority (HKMA) in charge of approving which firms can issue stablecoins and how they operate. The new law applies immediately. What Stablecoin Issuers Are Now Required to Do Under the new rules, any company offering stablecoins backed by the Hong Kong or US dollar must get a license from the HKMA. It does not matter if the firm is based in Hong Kong or operating…
In addition to its $10,000 small business grants program, Verizon Small Business Digital Ready is for the first time this year offering members a chance to win a trip to San Francisco and a seat at Verizon’s Small Business Training Camp. It’s part master class, part immersive experience. Small Business Digital Ready will fly 20 entrepreneurs to San Francisco for the 3-day camp, packed with expert workshops, peer networking and practical tools to help your business grow. Not a member yet? Register here. It’s free and easy. The Boot Camp Schedule Day 1: Meet Drew Brees and Kristin Juszczyk, network…
First Abu Dhabi Bank (FAB), the UAE’s largest lender, opened its new London branch at 20 Berkeley Square in Mayfair, cementing nearly five decades of presence in the UK and underlining its commitment to the city as a global financial hub. The new branch was inaugurated by Hana Al Rostamani, FAB Group CEO, alongside Sheikh Mohamed bin Saif Al Nahyan, Vice Chairman of FAB; board members; UK and UAE dignitaries including Dr. Sultan Al Jaber and Mansoor Abulhoul, and UK Trade Minister Douglas Alexander. “In 1977, we became the first Gulf bank to open in the UK. Over the past…
TECOM Group PJSC (DFM: TECOM), (the “Company” or the “Group”), the leading developer and operator of specialised business districts across Dubai, announced its financial results for the second quarter (Q2) and first half (H1) of the year ending 30 June 2025. The Group reported robust net profit growth of 22% year-on-year (YoY) to AED 737 million during the first half of this year, with revenue rising 21% YoY to AED 1.4 billion during the period. The strong H1 performance reaffirms TECOM Group’s role as a partner of choice for international and regional companies across the six vital sectors served by…
Visa continues its journey into the ever-evolving world of cryptocurrency and blockchain, adding support for more coins and chains to boost its versatility. Meanwhile, stablecoins remain one of the leading trends in adoption during this year. A Bit of Everything In a press release shared with investors, Visa, the world’s second-largest card payment organization, announced that it’s adding support for two additional USD-backed stablecoins, two blockchains, and the euro-backed EURC. The company has partnered with Paxos, which will bring two additional stablecoins to its roster – the Global Dollar (USDG) and PayPal USD (PYUSD). In addition to already supporting the…
Dubai Financial Market (DFM) today announced its consolidated financial results for the six-month period ending 30 June 2025, reporting a net profit before tax of AED 777.1 million, up 298% compared to the same period in 2024, underscoring strong investor confidence and the continued expansion of Dubai’s capital markets. DFM saw robust market performance during this period, with the DFM General Index (DFMGI) rising by 10.6%,reflecting both local market strength and a broader global shift in capital towards resilient, growth-oriented markets.The total market capitalisation also increased by a solid 9.7%, compared to the same period last year, to reach AED…
How Much Does a Desert Safari Dubai Cost? On average, a Desert Safari in Dubai costs between AED 100 to AED 350 per person. The final price depends on several key factors, including:Type of safari experienceActivities providedLevel of luxury offeredBudget-Friendly Safari Packages (AED 85 – AED 150) Basic packages are ideal for travelers on a budget. These affordable options typically include:Dune bashing in a 4×4 vehicleCamel ridesSandboardingBBQ dinner under the starsEntertainment shows (belly dancing, fire performances, Tanoura dancing)Mid-Range Safari Packages (AED 175 – AED 250) For those wanting a bit more comfort and convenience, mid-range packages offer additional perks such as:Hotel pick-up and…
The bears are having a field day, pushing the total cryptocurrency market capitalization down by more than $130 billion. This comes on the back of considerable losses from Bitcoin, which dropped by 3% in the past 24 hours. However, the majority of altcoins are having it way worse. Ethereum is down by 6%, BNB by 4.5%, SOL – by 5%, while many of the large caps are trading at discounts greater than 4%. Source: Quantify Crypto That said, there are only two tokens in the top 50 that are in the green, charting nominal gains – TONCOIN and ENA. Ripple’s…