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UAE

Tether Announces Dirham-Pegged Stablecoin to Enhance UAE Financial Ecosystem

by Isaac Wright
Tether Announces Dirham-Pegged Stablecoin to Enhance UAE Financial Ecosystem

Stablecoin issuer Tether plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED), marking an expansion in its portfolio of digital assets. Developed in partnership with …

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GEMS Education attracts Brookfield investment

by Judith Hall
GEMS Education attracts Brookfield investment

A consortium led by Brookfield Asset Management has announced an agreement to become the lead investor in Dubai-based K12 education giant GEMS Education.  GEMS and Brookfield did not make public …

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Opinion | Amid US rivalry, is China’s gamble in the Middle East paying off?

by Walter Watson
Opinion | Amid US rivalry, is China’s gamble in the Middle East paying off?

The Belt and Road Initiative, launched in 2013, significantly increased China’s regional involvement, making Beijing the primary foreign investor in the Middle East since 2016. Initially focused on the energy …

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Dubai going from strength to strength in ELT, say stakeholders

by Judith Hall
Dubai going from strength to strength in ELT, say stakeholders

More accommodating visa rules and application processes are getting Dubai noticed by students as bigger ELT destinations clamp down with restrictions Opportunities to go on to higher education without much …

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Opinion | How the UAE is leveraging ties with China for its own security needs

by Walter Watson
Opinion | How the UAE is leveraging ties with China for its own security needs

For China, the UAE might be coming ahead of its relations with Iran. China-Iran relations have seen major progress in the recent years, with Beijing pledging investments and trade growth. …

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Iran, UAE urge effective measures to stop Israeli attacks in Gaza

by Ron Morgan
Iran, UAE urge effective measures to stop Israeli attacks in Gaza

Tehran: Iran and the UAE on Sunday, June 16, highlighted the necessity of effective measures to stop the ongoing Israeli attacks against the Gaza Strip and ensure the entry of …

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Rosmah’s US$346 million 1MDB haul came mostly from Hong Kong, US, UAE, Malaysia court hears

by Walter Watson
Rosmah’s US6 million 1MDB haul came mostly from Hong Kong, US, UAE, Malaysia court hears

In the statement of claim, the plaintiffs alleged that eight entities that were registered offshore made 320 purchases of luxury goods with funds amounting to US$346,010,489 between 2010 and 2014. …

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Decorated Royal Marine hero who saved comrades’ lives in Afghanistan arrested & held in Dubai for 7 months for ‘spying’

by Ron Morgan
Decorated Royal Marine hero who saved comrades’ lives in Afghanistan arrested & held in Dubai for 7 months for ‘spying’

A FORMER British Royal Marine who served in Iraq and Afghanistan has been held in Dubai for seven months on spying charges. Matt Croucher, 40, who had received the George …

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Hong Kong and Saudi regulators explore pact for financial services, ETFs

by Anas Siddiqui
Hong Kong and Saudi regulators explore pact for financial services, ETFs

The regulators of Hong Kong and Saudi Arabia will explore ways to cross-list exchange traded funds (ETFs) and foster two-way fund flows, according to the Securities and Futures Commission (SFC). …

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African gold worth tens of billions smuggled to UAE each year: report

by Walter Watson
African gold worth tens of billions smuggled to UAE each year: report

Gold smuggling out of Africa, mainly to the United Arab Emirates, has surged over the last decade, with hundreds of tonnes of gold worth tens of billions of dollars illegally …

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