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Bitcoin blasts past $106,000 on Trump’s pro-crypto stance

Cryptocurrencies have been catapulted into the spotlight as investors wager on Trump’s friendlier stance

Egypt’s grid boosted as UAE’s AMEA Power switches on 500MW solar plant

Egypt’s new 500 megawatt plant will power 300,000 households and offset 782,300 tonnes of CO2 emissions

Riyadh Metro opens green, red lines as network nears full completion

Riyadh Metro’s red and green lines will open on December 15, bringing it one step closer to its full rollout

Standard Chartered starts custody services for digital assets in the UAE

Standard Chartered expands private banking team in the UAE

The expansion in the private banking business in the Middle East country comes under its strategy to double investments in the business over the next five years

ChatGPT

ChatGPT experiences global outage as OpenAI works on fix

This latest incident follows outages reported earlier in the week on Meta’s Instagram and WhatsApp platforms.

2030 FIFA WORLD CUP COHOST MOROCCO

FIFA confirms Saudi Arabia as 2034 World Cup host

The 2034 edition will bring the global spectacle back to the Middle East, with Saudi Arabia becoming the second nation in the region to host the tournament, following Qatar’s hosting of the 2022 event.

crypto currency

UAE’s newest stablecoin gets nod from Central Bank

Dubbed ‘AE Coin’, the cryptocurrency is positioning itself as a stablecoin that is fully backed by reserves held within the UAE

‘Make Bitcoin Great Again’: Eric Trump attends Abu Dhabi crypto gathering

Speakers at the two-day Abu Dhabi event include Trump’s son Eric as well as billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder of World Liberty Financial

UAE corporate tax_free zones

UAE set to roll out 15% tax for global corporate giants

The UAE will impose a minimum top-up tax of 15 per cent on large multinational companies operating in the country from next month

Saudi energy minister on why OPEC+ is not increasing output now

OPEC+, which pumps about half the world’s oil, had previously been planning to start unwinding cuts from October 2024

Mubadala has $330bn in assets under management, says CEO

Mubadala Investment Company CEO, Khaldoon Al Mubarak, revealed the figure during the Milken Institute Middle East and Africa summit

UAE foreign aid grows to Dhs360bn by mid-2024

UAE foreign aid grows to Dhs360bn by mid-2024

In a year marked by significant contributions, the country has remained steadfast in its dedication to improving lives, reducing poverty, and ensuring sustainable development

Riyadh Metro fares revealed: What you’ll pay to ride the network

The Riyadh Metro currently has two-hour, three-day, one-week and 30-day ticket pricing plans, all available via a new mobile app

Salik approve $134m dividend

Dubai Salik toll hikes for 2025: What drivers need to know

At the end of January 2025, Dubai’s Roads and Transport Authority (RTA) will raise Salik toll rates during rush hours

Botim app integrates The UAE Lottery, offers users seamless access

Botim app integrates The UAE Lottery, offers users seamless access

With the launch of The UAE Lottery on Botim, users can now access a wide range of entertainment options with just a few taps

Putin says BRICS to power global economic growth

BRICS has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil, Russia, India, China and South Africa

Linkedin reveals top UAE startups for 2024 GettyImages-186125041

LinkedIn names these UAE companies as top startups for 2024

The emergence of these startups is not only indicative of individual success but also highlights the broader trends shaping the UAE’s economic environment

PHILADELPHIA, PENNSYLVANIA - SEPTEMBER 10: Republican presidential nominee, former U.S. President Donald Trump and Democratic presidential nominee, U.S. Vice President Kamala Harris debate for the first time during the presidential election campaign at The National Constitution Center on September 10, 2024 in Philadelphia, Pennsylvania. After earning the Democratic Party nomination following President Joe Biden's decision to leave the race, Harris faced off with Trump in what may be the only debate of the 2024 race for the White House. (Photo by Win McNamee/Getty Images)

Kamala Harris and Donald Trump spar in combative debate

In a boost to the Democratic Party’s campaign, Taylor Swift backed Kamala Harris for the US President

UAE President host Egyptian Minister Dr Badr Abdel Ati, Egypt's Minister of Foreign Affairs and Migration Image WAM

UAE, Egypt discuss strategic cooperation during high-level meet

The discussion focused on enhancing bilateral cooperation across economic, developmental and political spheres

Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, Crown prince of abu Dhabi arrives in New Delhi Image WAM

Abu Dhabi Crown Prince arrives in India on state visit

The Crown Prince is accompanied by a high-level delegation including ministers, senior officials and business leaders

Jerome Powell, chairman of the US Fed arrives to a dinner at the Jackson Lake Lodge during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Thursday, Aug. 22, 2024. With the central bank on the cusp of lowering interest rates from a more than two-decade high, the Federal Reserve chair's comments on Friday will be closely parsed for any hints on how the Fed chief is viewing the economy in the wake of a weaker-than-expected jobs report and further easing in inflation. Photographer: Natalie Behring/Bloomberg Jerome Powell, chairman of the US Federal Reserve, arrives to a dinner at the Jackson Lake Lodge during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Thursday, Aug. 22, 2024. With the central bank on the cusp of lowering interest rates from a more than two-decade high, the Federal Reserve chair's comments on Friday will be closely parsed for any hints on how the Fed chief is viewing the economy in the wake of a weaker-than-expected jobs report and further easing in inflation. Photographer: Natalie Behring/Bloomberg

US Fed’s Jerome Powell says ‘time has come’ to cut rates

Fed chief says timing, pace of rate cuts depends on data

A rescue boat of the Vigili del Fuoco, the Italian Corps. of Firefighters operates off Porticello near Palermo, on August 20, 2024 a day after the British-flagged luxury yacht Bayesian sank. Specialist divers launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, missing since their yacht capsized off the Italian island of Sicily. The Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn when it was struck by a waterspout, a sort of mini tornado. Fifteen people aboard, including a mother with a one-year-old baby, were plucked to safety; one man has been found dead; and six people remain missing. (Photo by Alberto PIZZOLI / AFP) (Photo by ALBERTO PIZZOLI/AFP via Getty Images)

Five bodies recovered from Mike Lynch’s sunken superyacht in Sicily

The Bayesian, a 56-metre yacht flying the British flag, was carrying 10 crew members and 12 passengers when it sank off the coast of Sicily

Sicily yacht sinking

Morgan Stanley boss Jonathan Bloomer, tech tycoon Mike Lynch missing in Sicily yacht sinking

Italian authorities rescued 15 of those on board the British yacht, but a day later six passengers remain missing, and one body has been recovered

Kuwait - jet fuel

List of airlines suspending flights to the Middle East continues to grow

A number of airlines have adjusted or suspended flights to cities in the Middle East due to ongoing regional tensions

Dubai Police - traffic fine

UAE driving fines: Participate in Dubai Police’s ‘accident-free day’ to remove black points

The ‘accident-free day’ campaign aims to foster a culture of responsible driving

Bangladesh

Bangladesh PM Sheikh Hasina resigns, leaves country: Reports

What began as a student-led protest against civil service job quotas has now evolved into a broader anti-government movement in Bangladesh

Lebanon

Lebanon: Which countries are urging their citizens to evacuate now?

France, Italy, Australia and Canada have joined the US and the UK, in issuing evacuation orders for their citizens in Lebanon

EMIRATES ROAD (E11) - AD MOBILITY - X

Abu Dhabi to Dubai: Traffic diversion on Emirates Road (E11) until end of August

Dubai’s roads authority cautioned motorists of delays on the Emirates Road between the intersection of Hatta Road and Al Ain Road

Farnborough Airshow: Qatar Airways expands Boeing 777-9 order

Farnborough Airshow: Qatar Airways expands Boeing 777-9 order

The order now includes an additional 20 Boeing 777-9 aircraft, bringing the total to 94 commercial and cargo Boeing 777X aircraft

Oman-CAA-RAIN

Rain, flash flood alert issued for parts of Oman

Oman’s capital Muscat is likely to see scattered rainfall in the early hours of June 24 with temperatures hovering in the mid-to-high 30s