UAE

The United Arab Emirates (UAE) has been in talks with the U.S. about the possibility of establishing a currency swap line, as revealed by the Middle East nation’s trade minister. On Monday, Thani Al Zeyoudi, the UAE’s Trade Minister, unveiled the ongoing discussions during a conference...

UAE's withdrawal from OPEC and OPEC+ could lead to higher oil production from member countries and potentially drive global oil prices lower, according to Russian Finance Minister Anton Siluanov. Siluanov said the UAE's move would allow it to produce oil up to its full capacity and supply it freely...

Investor Ross Gerber, co-founder of investment firm Gerber Kawasaki, said on Tuesday that the world should move on from oil, as the UAE announced its exit from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+. Death Blow To Oil In a post on X, Gerber shared his thoughts,...

The United Arab Emirates (UAE) announced on Tuesday that it will exit the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, effective from May 1. In a statement, the UAE’s energy ministry said the decision reflects its long-term strategic energy vision, rising domestic...

Technology stocks spiked on Tuesday on news that tension in the Middle East could be de-escalating. That could be a welcome sign for more than a dozen companies that have been put on a retaliation list by Iran's Islamic Revolutionary Guard Corps (IRGC). Iran Targets 18 Tech Companies Despite...

WeRide Inc. – ADR (NASDAQ:WRD) shares are up on Tuesday as the company has launched fully driverless Robotaxi fare-charging operations in Dubai. This marks the company’s significant milestone in its partnership with Uber Technologies, Inc. (NYSE:UBER). This development comes as earlier...

The United Arab Emirates (UAE) is reportedly considering freezing billions of dollars in Iranian assets, a move that could have a severe impact on Tehran's economy. The potential action is a response to the escalating U.S-Iran-Israel war and could severely restrict Iran’s access to foreign...

On Wednesday, Cathie Wood-led Ark Invest made significant trades, prominently featuring the acquisition of shares in WeRide Inc. (NASDAQ:WRD). This move comes amid WeRide’s recent advancements in the driverless vehicle sector. The WeRide Trade ARK Autonomous Technology & Robotics ETF (...

The United Arab Emirates authorities on Sunday dismissed reports circulating online that golden visas will be granted to digital currency investors. What happened: The Federal Authority for Identity, Citizenship, Customs & Port Security, the Securities and Commodities Authority, and the Virtual...

President Donald Trump announced on Sunday that he will impose an additional 10% tariff on any country that aligns with BRICS’ anti-American policies, escalating trade tensions as his July 9 deadline approaches for comprehensive tariff restructuring. What Happened: Trump posted on Truth...

The Dubai Land Department launched an XRP Ledger (CRYPTO: XRP)-based tokenized real estate platform on Sunday as part of a government-backed initiative to digitize real estate in the Emirati city. What Happened: The government-run entity collaborated with real estate fintech firm...

During a high-level meeting at the White House, President Donald Trump hosted UAE National Security Advisor Sheikh Tahnoon bin Zayed, marking a significant step in strengthening economic relations between the United States and the United Arab Emirates. Sheikh Tahnoon, visiting Washington at the...

Ripple (CRYPTO: XRP) on Thursday announced it has secured authorization from the Dubai Financial Services Authority (DFSA) to deliver regulated cryptocurrency payment services within the Dubai International Finance Centre (DIFC), becoming the first entity of its kind to achieve this status in the...

Archer Aviation Inc. (NYSE:ACHR) shares are trading higher in the on Friday. The company entered a groundbreaking multiparty collaboration agreement with key UAE and Abu Dhabi entities to advance electric vertical takeoff and landing (eVTOL) air taxi operations in Abu Dhabi. What Happened: The...

Shytoshi Kusama, the mysterious lead developer at the helm of the Shiba Inu (CRYPTO: SHIB) ecosystem, praised the UAE administration for exempting cryptocurrency transactions from value-added tax (VAT). What happened: In an X post on Sunday, Kusama responded to news of the exemption with a GIF of...