United Arab Emirates

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...

Media and theme park giant Walt Disney Co (NYSE:DIS) is headed to Abu Dhabi, United Arab Emirates, with a new theme park coming. The new theme park resort set for Yas Island will be the seventh major theme park under the Disney name. Here's a look back at Disney's past theme park openings and how...

Entrepreneur and investor Matt Higgins becomes the first shark on the U.S. and Dubai versions of the hit "Shark Tank" franchise, a show that allows investors to pitch their ideas to raise money from a panel of investors. Shark Tank Dubai: Higgins joins "Shark Tank Dubai" for the second season as a...

A retired Navy veteran from Covington, Georgia, is facing an uncertain legal situation in Dubai after being arrested for possessing medically prescribed CBD pills. Charles Wimberly, 52, was detained at a Dubai airport on September 27 when officials discovered the pills during a security check as...

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...

The United Arab Emirates (UAE) is reportedly set to reignite a multi-billion dollar deal with the U.S. for F-35 warplanes and armed drones if Donald Trump secures a second term as president, according to insiders. What Happened: The UAE has long desired the advanced fighter jet equipped with...

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 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...

Microsoft Corp. (NASDAQ:MSFT) has announced a $1.5 billion investment in the United Arab Emirates’ leading artificial intelligence firm, G42. The investment will also secure Microsoft a seat on G42’s board, indicating a strategic shift towards strengthening G42’s commitment to...

In a bid to enhance business activities and increase government revenues, the United Arab Emirates (UAE) is contemplating the introduction of long-term business licenses, including 10-year “golden” licenses. What Happened: The UAE is considering the implementation of new regulations for...

Casino company Wynn Resorts (NASDAQ:WYNN) reported third quarter financial results after market close Thursday. Here are the key highlights. What Happened: Wynn Resorts reported third quarter operating revenue of $1.67 billion, which was up from a total of $889.7 million reported in the prior year'...

Dubai's Virtual Assets Regulatory Authority (VARA) imposed a hefty fine of nearly $2.8 million on cryptocurrency exchange OPNX and its founders. OPNX, established by Kyle Davies and Su Zhu, the minds behind the unsuccessful hedge fund Three Arrows Capital (3AC), had previously faced VARA's...

The BRICS alliance, an association of the five major emerging economies of Brazil, Russia, India, China, and South Africa, is witnessing an increasing number of nations showing interest in joining its ranks. The surge in interest corresponds with an increasing number of countries...

Tyler and Cameron Winklevoss, billionaire twins and founders of the Gemini crypto exchange, are turning their ambitions to the United Arab Emirates (UAE) as they plan to seek a digital-asset license in the country. The move, unveiled in a recent Gemini Twitter announcement, marks the initial...

Dubai's Virtual Assets Regulatory Authority (VARA) has issued a formal warning to the co-founders of the defunct crypto hedge fund Three Arrows Capital for launching and promoting their new digital asset exchange, OPNX, without obtaining the necessary license. The warning was addressed to the...