The Singapore branch of the world’s largest cryptocurrency exchange, Binance, has canceled its bid to launch a stock exchange in a city-state. With that, the company ended an attempt that began last year to gain the consent of the Singaporean government. The Fiat-to-crypto trading platform will cease operations and close by February. It is worth …
Binance Closes Singapore Cryptocurrency Exchange App Read More »
On Saturday, the Iranian Rial fell but continued to be over historic lows. It occurred after reported news was shared that world leaders’ plans to strengthen the 2015 Iran nuclear agreement might face difficulties. Indirect U.S.-Iranian discussions on keeping the 2015 Iran nuclear deal broke off this Friday until the following week, with European officials …
Iranian Rial sinks as nuclear talks appear to hit roadblock Read More »
Oil companies and the industry as a whole have to deal with numerous challenges on a regular basis. Crude oil dropped to seven-week lows on Monday due to a combination of factors. One very serious issue is Covid-19 and its impact on oil consumption. Currently, countries across Europe are struggling to improve the situation. The …
Many things have changed in world politics since the last Airshow in Dubai 2019. The United Arab Emirates and Bahrain now have full diplomatic relations with Israel. Therefore, Israeli aviation and defense companies are allowed to attend this event this year for the first time in history. This marked a turnaround from the period when …
Diverse Israeli Tech becomes available for New Gulf Allies Read More »
After its local subsidiary received a license in Dubai, XTB began offering regulated services to its customers in the Middle Eastern and North American (MENA) region. XTB is a Poland-listed forex and CFD broker. XTB MENA Limited provides clients in the Middle East with trading services on more than 1900 instruments of foreign exchange and …
XTB MENA Launches Service and Begins to Onboard Clients Read More »
OPEC predicts an unlikely winner in the face of an energy revolution away from hydrocarbons, predicting the cartel will significantly increase its dominance in the global oil market over the next two decades. The Organization of Petroleum Exporting Countries said in its annual report on long-term energy trends that it expects global oil demand to …
According to Goldman Sachs, investors have been pouring money into India’s stock market. The bank says that it could increase to more than $5 trillion. Goldman Sachs predicts that India’s stock market might become the fifth largest in the world within three years. The bank announced that Indian start-ups have raised $10 billion through IPOs …
India to become the world’s 5th biggest stock market by 2024 Read More »
CoinQuora has joined forces with the Crypto Expo Dubai 2021. (CED). This distinguished event will be the first of its type here in the UAE. The event’s goal is to provide a networking platform for Arab investors and crypto traders. CED 2021 will be a two-day event, taking place on October 13 and 14. It …
Shares of food delivery company Deliveroo rose more than 10% on Monday after announcing that enormous German rival Delivery Hero had purchased a 5.09 per cent interest in the company. On Monday, the company’s stock rose from £3.36 ($4.66) per share to £3.60 per share in early trading on the London Stock Exchange, marking its …
Forex Weekly Overview The forex market has some positive outcomes by the end of this week. The dollar got stronger after adjustment for inflation in the United States. The expectation of vital employment data might provide reasons for the United States to accelerate its policy tightening. The dollar rose slightly on Friday. This week, Fed …
Weekly overview of Forex, Crypto, Stocks and Commodities Read More »
The leaders of the G-7, a group of the world’s largest advanced economies, issued a joint statement on Sunday. It promised to enact measure on coronavirus, China and global corporate tax. After meeting, the leaders pledged to secure 1 billion more vaccine doses over the next 12 months directly or via the World Health Organization’s …
G-7 pledged to enact measures on COVID-19, China Read More »
Climate activists who won against Western majors have some supporters in the oil capitals of Saudi Arabia, Abu Dhabi, and Russia. Notably, defeats in the courtroom and boardroom mean Royal Dutch Shell, Chevron and ExxonMobil are all under pressure to cut carbon emissions faster. This is good news for Saudi Arabia’s national oil firm Saudi …
Shell Dutch ruling is beneficial for OPEC and Russia Read More »
According to a study released by a global reinsurance company, climate change’s toll on agriculture, disease, and physical infrastructure, in addition to redirected government spending, among other issues, could cause the global economy to lose $23 trillion, 10% of its value, by 2050. The Swiss Re Institute’s report shows that output could be 18% lower …
Climate change could cause the global economy to lose $23T Read More »
U.S. President Joe Biden will meet with Japanese Prime Minister Yoshihide Suga on April 16. According to political analysts, China’s growing influence will likely be high on the agenda. The two leaders will meet in Washington. Remarkably, that’s president Joe Biden’s first in-person summit with a foreign leader since his January inauguration. The meeting comes …
U.S seeks closer ties with Japan to challenge China Read More »
The Russian rouble climbed to a two-week high on Wednesday after a phone call between U.S. President Joe Biden and his Russian counterpart Vladimir Putin helped to address fears of imminent new sanctions. At 09:03 GMT the Russian currency gained 0.4% to 75.63 against the dollar after reaching 75.4525, its best result since March 31. …
Russian Rouble Benefited from a Biden-Putin Phone Call Read More »
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