Author: Emirates Insight
It sure is hard being a crypto billionaire and keeping all the press out of your wallet! Just ask Justin Sun as he sues Bloomberg to keep them from disclosing sensitive information about his crypto holdings. Sun filed a lawsuit on 11 August 2025 in the US District Court for the District of Delaware, claiming Bloomberg’s disclosure of his crypto holdings undermines his privacy and could potentially put him and his family at risk. According to Sun, Bloomberg approached him earlier this year to include him in its online Billionaires Index, where it ranks some of the world’s richest individuals.…
UAE citizens no longer have to wait until their passport is almost expired to renew itStarting August 18, 2025, Emiratis can renew their UAE passport up to one year before the expiry date. Previously, the limit was just six months.How it worksThe Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) says the new rule applies to any passport with 12 months or less left.Renewals can be done easily through the ICP smart services platform, without visiting a service centre in person.The digital process makes it faster and more convenient for everyone.Why this change?Ali Mohammed Al Shamsi, chairman of…
When it comes to protecting the integrity of the global financial system, few nations pack a punch quite like the UAE. The country’s influence stems from a rare combination of factors – it is a major hub for global trade and finance that remains deeply committed to multilateralism, international co-operation and the rules-based order. One sector where this leadership is especially visible is gold. In 2023, the UAE became the world’s second-largest gold trading hub. This was achieved through leadership that balanced the importance of building a trusted regulatory framework for gold trading with the creation of a business-friendly environment.…
Australian venture capital has long rested on a familiar promise – that backing a portfolio of young startups today will deliver returns to investors within roughly a decade. But the regularity of that rhythm is changing, stretching out by up to 1.5x longer as macro shifts and dynamics reshape the path to liquidity. The IPO window has slowed, both in Australia and globally. The ASX welcomed only 29 new listings in 2024, its quietest year in two decades, along with a growing number of tech delistings. With the express lane to market largely shut, the standard 10-year fund clock is…
Sponsored: Tailored itineraries, exclusive offers, and unforgettable moments by the beachThis summer, swap the routine for something unforgettable at JA Resorts & Hotels, set along the tranquil shores of Jebel Ali Beach. Whether you’re planning a family getaway, a couple’s retreat, or a multi-generational escape, JA’s new Summer Collection itineraries have been thoughtfully designed to make every moment count.From toddlers splashing in shaded play areas to teens chasing thrills and couples sinking into wellness bliss, each of the five curated itineraries, Together in Paradise, Play & Pamper, The Little Explorers’ Path, Freedom Seekers, and Romance on the Lake – blends relaxation, discovery, and connection. Guests…
Bitcoin price smashed through a new all-time high of $124,128, gaining 3.58% in the past 24 hours. Its market cap now sits at $2.457 trillion, overtaking Alphabet to become the fifth-largest asset in the world, behind only gold, Apple, Microsoft, and Saudi Aramco. This surge has traders scanning for the next crypto to explode, as capital begins to rotate across the market. The milestone reinforces Bitcoin’s position as a dominant macro asset, now rivaling the market value of some of the largest corporations in history. Even Strategy (MicroStrategy) is celebrating the gains. We hold $77.2 billion of $BTC. All time…
Parking in Dubai is about to have more perksOwn a car in Dubai? Life (and parking) is about to get a lot easier. CAFU and Parkin are teaming up, which means you’ll now be able to get your car washed or refueled on demand at any of the Parkin areas in Dubai.Instead of spending more time trekking to the nearest fuel station to wash your car or refuel the tank, starting August 14, you can now get everything done while you’re already parked at one of the locations.Parkin customers can take advantage of the service by clicking the link in…
Air Arabia has reported a net profit of AED 415 million for the second quarter ending June 30, 2025, 3 per cent lower than the AED 427 million recorded in the same period last year. The airline achieved a turnover of AED 1.69 billion, marking a 2 per cent increase year-on-year. Between April and June, more than 5.1 million passengers travelled with Air Arabia Group across its hubs, a 15 per cent rise compared to 4.5 million passengers in the same quarter of 2024. The average seat load factor reached 85 per cent, up 6 per cent from the previous…
The Dubai robot has even met Sheikh MohammedYou may have seen videos or pictures of a human-like robot walking across the roads of Dubai, or even running in Dubai mall. The robot has even met Sheikh Mohammed bin Rashid, Vice-President and Prime Minister of the UAE and Ruler of Dubai. So what actually is the robot and what can it do?Meet Unitree G1, a humanoid robot that comes with a trusty companion, a robot dog. The robot comes from Unitree, a China-based robotics firm and their Middle East partner Ednex Automation.The details:The robot is about 130cms tall and weighs about…
Google Play has rolled out a new policy that puts crypto wallet apps under tighter scrutiny. In 15 major regions, including the United States and the European Union, wallet apps must now show proof of a government-issued license before they can stay listed. The rules apply to both custodial apps that hold user funds and software wallets that offer storage and transfer features. Getting Licensed Is a Tall Order This is not a box you can just tick. In the U.S., developers need to register as a Money Services Business with FinCEN or have a banking license at the state…