As Market Calms, Bitcoin Rebounds back Over US $ 50 K
Bitcoin rose 1.5% on early Tuesday, after firming overnight in line with equity markets and other risk assets, but many crypto traders remained on edge after Saturday’s sharp and sudden plunge.
UAE moves Weekend Days to Saturday and Sunday
The United Arab Emirates will move its weekend to Saturday and Sunday, effective Jan. 1, 2022. Friday working hours will be from 7:30 a.m. to 12 p.m. Currently the weekend is Friday and Saturday in the UAE and the rest of the Gulf.
Bitcoin Below US $ 50 K at early October Levels
Bitcoin hovered around $49,000 on Monday, down 1.5% on the day, as traders nursed losses after a brutal weekend in which the price of the world’s largest digital asset at one point lost over one fifth of its value.The rout sent bitcoin’s price and the amount invested in bitcoin futures b
USA to Announce Diplomatic Boycott of Beijing Olympics
The Biden administration is expected to announce this week that no US government officials will attend the 2022 Beijing Olympics, implementing a diplomatic boycott of the games, according to several sources.The move would allow the US to send a message on the world stage to China without preventing
Abu Dhabi’s IHC Unit Raises $13.1 Billion From Direct Listing
Multiply Group, a subsidiary of Abu Dhabi’s International Holding Company, raised 48 billion Dirhams ($13.1 billion) in a direct share listing. Shares in the tech-focused holding company surged following the listing, closing at 2 dirhams apiece Sunday, 80% higher than the launch price of 1.11 Dirh
NBF يطرح منتجين مبتكرين مصمّمين للشركات الصغيرة والمتوسطة
أعلن بنك الفجيرة الوطني عن إطلاق حساب “أهلاً” للشركات الصغيرة والمتوسطة وحساب الأعمال “OneStop”، وهما منتجان مصرفيان حصريان يتيحان للشركات إمكانية الاستفا
Meta has Lost over US $ 230 B in Market Value
Facebook parent Meta dropped with shares set to a enter bear market after months of volatility triggered by a whistle-blower’s revelations and disappointing quarterly results. The selloff is now more than 20% since its closing record on Sept. 7, erasing over $230 billion in market value. Meta’s
Toyota: All Europe Sales will be Zero-Emission Cars by 2035
Toyota Motor Corp said all new vehicle sales in Western Europe will be zero-emission models by 2035, as the world’s biggest automaker complies with tighter emission rules in the region. By 2030, at least half of Toyota’s model mix will be zero emission, including electric vehicles (EV) a
Apple Tells Suppliers iPhone Demand Has Slowed
Apple, which is already suffering from a global supply crisis, is now confronting a different problem: slowing demand. The company has told its component suppliers that demand for the iPhone 13 lineup has weakened, signaling that some consumers have decided in skipping the iPhone 13 altogether and
Omicron could Deal another Blow to Supply Chains
Just as it appeared like the crisis was beginning to stabilize, the industry may now face yet another blow: the new omicron Covid variant. Omicron is “another test of resilience” for already-stressed supply chains, said Per Hong, senior partner at consulting firm Kearney. Omicron is “another