Top officials at the event in Dubai.
Inayat-ur-Rahman, Business EditorThe UAE all set to see rapid growth in cryptocurrency activities as the country known to be at forefront of innovation and emerging technologies will witness more global players to set up their operations in cryptocurrency and its related activities giving investors wider choice to choose the exchanges. Currently, the digital economy contributes about 4.3 per cent of the GDP in the UAE, which is equivalent to Dhs100 billion ($27 billion), according to the latest statistics for Digital Economy.
Bitcoin recently exceeded the $23,000 mark – an all-time high – which has set the global investment community buzzing. Ethereum, the world’s second largest cryptocurrency by market capitalization,
Somewhere I have read a line that “if you are loyal to your struggle, you are bound to achieve the goal.” The same thing I have felt about His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister
According to Dubai Chamber’s latest forecast E-commerce sales in Dubai are forecasted to jump 23 per cent to reach $27 billion in 2022, driven by the COVID-led digital shift and changing consumer demands, which are levelling the playing field.
Germany’s largest power producer RWE has agreed to buy Con Edison’s Clean Energy Businesses for $6.8 billion, nearly doubling RWE’s renewables portfolio
Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation discussed with an Italian diplomatic and economic delegation headed
The latter leads to an increase in the total cost of credit, logically impacting the debt capacity of the UAE residents. And this situation seems set to last since the last increase in September, in an international context favorable to inflation.