by Jibran Munaf | October 15, 2024 | Currencies
The U.S. dollar climbed to its highest level in over two months against major currencies on Tuesday, buoyed by expectations that the Federal Reserve will implement modest rate cuts in the near term. Meanwhile, the yen continued its slide, edging closer to the...
by Jennifer George | October 14, 2024 | Cryptocurrencies, Currencies, Industry, News, Retail Banking, Technology
In an exclusive interview on the sidelines of GITEX 2024, Jakub Zurawinski, Head of Business Development at MatterFi, shares insights into the critical challenges in blockchain security, focusing on the company’s innovative approach to addressing security, privacy,...
by Jennifer George | October 14, 2024 | Central Banks, Cryptocurrencies, Currencies, Economy, News
On October 14, AED Stablecoin LLC secured in-principle approval from the Central Bank of the UAE to launch and establish its stable digital currency, AE Coin. Under the “Payment Token Services Regulation” (Circular No. 2/2024), issued on June 7, 2024, the Central Bank...
by Jennifer George | October 13, 2024 | Coverage, Cryptocurrencies, Currencies, Economy, Financial Services, Fintech, Gitex 2024, Industry, News, Startups, Technology
GITEX GLOBAL, the world’s largest tech and startup event, takes center stage in the UAE next week with this year’s 44th edition destined to redefine the world’s digital economy and AI ecosystem. Held at Dubai World Trade Centre (DWTC) from 14-18 October, the...
by Jibran Munaf | October 12, 2024 | Currencies
The Indian rupee sank to an all-time low on Friday, breaching the 84-per-dollar mark for the first time, as concerns over rising oil prices and foreign capital outflows weighed on the currency. The rupee was quoted at 84.07 per US dollar, marking a historic low of...
by Jennifer George | October 7, 2024 | Cryptocurrencies, Currencies, Economy, News, Regulations
The UAE is making significant strides in cementing itself as the global hub for crypto. The Federal Tax Authority in the UAE recently amended executive regulations related to VAT. Cabinet Decision No. (100) of 2024 was published on October 2nd, with more than 30...
