Report highlights the Trump family’s cryptocurrency transactions with the UAE
Happy Tuesday! Here’s a recap of last week’s notable events at the crossroads of technology and politics. $2 billion cryptocurrency deal A report from the New York Times unveils an intriguing sequence of events where World Liberty Financial, a crypto company launched in the Middle East by Donald Trump and Steve Wittkoff, secured $2 billion […]
Sending money to India? Will the rupee remain weak against the US dollar and UAE dirham?
Rupee Woes for Indian Expatriates in the UAE Dubai: Indian nationals residing in the UAE are feeling anxious about the rupee’s performance. Last week, it plummeted to a historic low of ₹88.17 per US dollar, while the exchange rate against the UAE Dirham reached ₹24.05. This downturn makes it increasingly challenging for families sending remittances […]
RAK Properties in the UAE will accept Bitcoin and other cryptocurrencies for property transactions.
Rak Properties Accepts Cryptocurrency for Real Estate Rak Properties, one of the largest public real estate firms in the UAE, has announced it will start accepting cryptocurrencies for international real estate deals. As of a recent announcement, they will particularly accept payments in Bitcoin (BTC), Ether (ETH), and Tether (USDT). This initiative underscores the increasing […]
UAE Central Bank halts the license of Yas Takaful insurance company
UAE Central Bank Suspends Yas Takaful License The UAE Central Bank has halted the operations of Yas Takaful due to violations of national regulations, as announced on Monday. The bank made it clear that Yas Takaful remains accountable for the rights and obligations tied to insurance contracts that were terminated before the suspension took place. […]
A step-by-step guide to booking a flight with cryptocurrency in the UAE
Key Takeout Airlines and travel agencies, including Emirates, Air Arabia, Trabara, and others, now accept cryptocurrency payments for bookings, appealing to tech-oriented travelers and digital nomads. Travelers can pay using Bitcoin, Ether, Tether, or other digital currencies via checkout or gift cards, depending on the service. Initiatives in the UAE, like Dubai’s Virtual Asset Regulatory […]
Increased rupees and pesos for your dirham? The rise of the US dollar brings good news for expats in the UAE.
UAE Foreigners Benefit from Strong Dollar Dubai: This week, expatriates in the UAE are seeing positive shifts in their money transfers home, as the Dirham gains value amid a significant rise in the US dollar, which has marked its best weekly performance since February. This uptick follows President Trump’s latest tariff threats, which have reignited […]
US dollar continues to decline: What lies ahead for the greenback and remitters in the UAE?
US Dollar Declines Further Dubai: The US dollar continues its downward trend, recently reaching a three-year low. Analysts indicate there’s potential for further decline, as the value of the dollar slipped even more on Monday. The US dollar fell another 0.3% this week, driven by increasing political uncertainty in Washington and ongoing discussions in the […]
Trump’s World Liberty Crypto Project Secures $100 Million Investment from UAE Fund
Simply put The Aqua 1 Foundation, based in the UAE, has invested $100 million in World Liberty Financial Tokens. WLFI is the native token associated with the Presidential World Liberty Financial Project, which has the backing of Trump. World Liberty Financial operates as a decentralized finance platform on Ethereum. World Liberty Financial, a crypto initiative […]
UAE Central Bank halts bank’s Islamic services for new customer onboarding for six months
For the past six months, the central bank of the UAE has halted the Islamic windows of local banks from accepting new customers and has imposed fines totaling over DH33.5 million (around $953,632) for breaching Sharia Governance Rules. On Wednesday, the bank announced that these penalties came after a review by its Sharia supervisory body, […]
Large Stargate project in the UAE set to begin in 2026 with partners Nvidia, OpenAI, and Oracle.
A massive new artificial data center in the United Arab Emirates is set to come online in 2026 and may include around 100,000 Nvidia chips. This “Stargate UAE” project is part of a deal facilitated by former President Trump last week, which aims to create the largest AI data center outside the US. This occurs […]