News list for "uae"
Google (GOOG. O) said that starting from February 26, advertisers of cryptocurrency exchanges and software wallets in the UAE can place ads if they meet relevant requirements and are certified.
At the World Governments Summit 2025 in Dubai, United Arab Emirates, Alibaba co-founder and chairperson Cai Chongxin responded to rumors of a partnership between Alibaba and Apple, saying that Apple needs a localized partner in China to serve their mobile phones. Apple has always been very picky, and they talked to multiple companies in China. Ultimately, they chose to do business with us. We are very fortunate and honored to do business with a great company like Apple. (Jin Ten)
According to the official website of the United Arab Emirates Securities and Commodities Authority (SCA), the SCA has released the draft regulation of securities and commodity tokens and invited the public to provide feedback by February 14, 2025. According to the draft, security tokens include equity tokens, bond tokens, Islamic bond tokens, and commodity tokens include gold tokens, oil tokens, etc. These tokens are all built on the blockchain/DLT platform and can be traded on the virtual asset...
On January 22, according to a report by Reuters, UAE-based cryptocurrency financial services firm CLS Global agreed on Tuesday to plead guilty to U.S. charges against it, alleging that the company had provided services to assist in the manipulation of the market in connection with a cryptocurrency exchange created at the request of the FBI and designed to expose crypto goods.
Phoenix Group, the first local cryptocurrency company in the UAE to list on the Abu Dhabi Stock Exchange (ADX), recently announced the appointment of a new CEO and plans to achieve a dual listing on Nasdaq in 2025 to further expand its international market and enhance its global influence. Phoenix Group was founded in 2017 and is headquartered in Abu Dhabi, UAE. It successfully listed on the Abu Dhabi Stock Exchange in October 2023, becoming the first private cryptocurrency and blockchain entity...
The Ministry of Interior of the United Arab Emirates (UAE) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi International Financial Centre (ADGM) have signed a Memorandum of Understanding to enhance coordination in combating virtual asset-related crimes. The agreement requires both parties to share information and strengthen risk mitigation frameworks. The agreement is also reportedly designed to support the UAE's strategy to protect its financial system from evolving threats ...
Klickl International, a UAE-based Web3 banking services provider, announced the completion of a $25 million Series A funding round at a valuation of $125 million. The round was co-led by the Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, and V2 Capital. Klickl plans to launch two major projects in the fourth quarter of 2024: Klickl Labs, a partnership with Summer Ventures focused on cross-border remittance and digital payments infrastructur...
ADNOC, the Abu Dhabi National Oil Company of the United Arab Emirates, has set the price of Murban crude oil at $72.81 per barrel in January.
According to sources, the UAE will increase its oil production starting in April 2025.
