UAE

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...

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) and Samsung Electronics Co. (OTC:SSNLF) are discussing the construction of massive chip-making complexes in the United Arab Emirates. These projects could be valued at over $100 billion. What Happened: Executives from TSMC have recently visited the...

Microsoft Corporation (NASDAQ:MSFT) has called for more transparency on U.S. export controls that have delayed the delivery of AI chips to the Middle East. What Happened: Microsoft has been seeking “clarity and consistency” in U.S. export controls that have impeded the shipment of...

A senior ally of Russian President Vladimir Putin claimed on Tuesday that Washington orchestrated the French arrest of Pavel Durov, the founder and CEO of Telegram, a messaging platform essential for communication in the Ukraine war. Additionally, the United Arab Emirates has formally requested...

The $1 billion AI project between Microsoft Corporation (NASDAQ:MSFT) and United Arab Emirates AI holding company G42 in Kenya has come under the scanner due to national security concerns. What Happened: The deal, which was announced in May, was brokered with the involvement of the U.S. and...

The United Arab Emirates is making significant strides in the global AI race, with the U.S. as a key ally. The UAE’s AI Minister, Omar Sultan Al Olama, has hinted at a further collaboration with the U.S., following a $1.5 billion investment by Microsoft Corp. (NASDAQ:MSFT) in a local AI firm...

The MANTRA (CRYPTO: OM) token has experienced a significant surge in the last 24 hours, with its value rising to $1.07. This spike follows a recent development involving a partnership with a bank in the UAE. What Happened: MANTRA surged by 18.58% following a recent agreement between Zand Bank and...

Tesla’s Chinese Rival Nio Inc. (NYSE:NIO) plans to expand into the Middle East, specifically the UAE, by the end of this year. What Happened: CEO William Li revealed the move during an earnings call on Thursday, CNBC reported. The company, which has been operating at a loss, aims to start...

The United Arab Emirates is pursuing a strategic partnership with the United States in artificial intelligence, aiming to leverage its petrochemical wealth to emerge as a global AI powerhouse. What Happened: According to Omar Sultan Al Olama, the UAE's AI minister, a recent $1.5 billion deal with...