Author: Arabian Media staff
Image: Getty Images DeFi Technologies Inc. (Nasdaq: DEFT), a financial technology firm bridging traditional capital markets with decentralised finance (DeFi), has announced a major expansion into the GCC and MENA region through the registration of DEFI DMCC (certification no. DMCC199558). The company’s new office is located in Jumeirah Lake Towers, Dubai, UAE. The expansion also includes the launch of a new trading desk at the Dubai Multi Commodities Centre (DMCC) under its subsidiary Valour and Valour Digital Securities Limited, a leading issuer of regulated exchange-traded products (ETPs). This move aims to support the growing institutional appetite for digital assets in…
The Abu Dhabi Securities Exchange (ADX) has announced the launch of the pricing stage for the MENA region’s first distributed ledger technology (DLT)-based digital bond, issued by First Abu Dhabi Bank (FAB) and enabled by HSBC Orion, marking a key milestone in the region’s push towards financial innovation. The bond — structured using blockchain technology and listed on ADX — will be made available on HSBC Orion, a market-leading digital assets platform operated by the Central Moneymarkets Unit (CMU) in Hong Kong. This initiative represents a strategic collaboration between ADX, FAB, and HSBC, and reinforces Abu Dhabi’s commitment to developing…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldChina has hit out at the US-Vietnam trade deal, amid concerns in Beijing that the US president is using his “liberation day” tariff negotiations with third countries to curb its export machine.The deal with Vietnam lowers tariffs on Hanoi’s exports from a threatened 46 per cent to 20 per cent, but retains a 40 per cent levy on “trans-shipping” of goods — widely believed to be aimed at Chinese re-exports to the US.The agreement, announced on Wednesday, is the second…
Image credit: Supplied Egor Maslennikov is not just building homes, he’s reimagining what urban living can and should look like in one of the world’s most competitive and fast-evolving real estate markets. As the visionary chairman and founder of Object 1, Maslennikov has quickly made a name for himself in Dubai’s premium property sector by delivering developments that blend smart design, technological innovation, and sustainable living. Image credit: Supplied Since the company’s launch in 2022, Object 1 has grown at a staggering pace, completing over 15 distinctive projects and recording more than 1000 per cent year-on-year growth in sales volume—a…
In alignment with the Smart and Autonomous Systems Council (SASC) strategy to advance smart aerial mobility, Archer Aviation has successfully completed test flights of its Midnight electric vertical take-off and landing (eVTOL) air taxi at Al Bateen Executive Airport in Abu Dhabi. The flight, conducted in collaboration with the Abu Dhabi Investment Office (ADIO), marks a significant milestone for Archer’s planned commercial operations in the UAE and wider regional expansion. Read-Dubai’s aerial taxi services: RTA tests region’s first flight The demonstration was witnessed by senior officials from the UAE General Civil Aviation Authority (GCAA), ADIO, the Integrated Transport Centre, Abu…
In the recently released film F1: The Movie, the livery of Brad Pitt’s fictional Formula 1 team is emblazoned with the logos of real brands.Alongside long-standing motorsport sponsors, such as AMG and MSC Cruises, newcomers, including Expensify and SharkNinja, have taken the opportunity to back a fictional F1 team rather than a real one.Their decision points to just how crowded the sport’s sponsorship landscape has become. F1 has experienced a “catapult forward commercially,” explains Robin Fenwick, head of sports marketing agency Right Formula.This is the result of a push by Liberty Media, part of US billionaire John Malone’s empire, since…
Image: Getty Images Oil prices fell on Thursday after gaining 3 per cent in the previous session as investors are wary higher US tariffs may be reinstated, which could cause lower fuel demand, and as major producers are expected to announce an output hike. Brent crude futures LCOc1 fell 53 cents, or 0.77 per cent, to $68.58 a barrel by 0536 GMT. US West Texas Intermediate crude CLc1 declined 51 cents, or 0.76 per cent, to $66.94 a barrel Both contracts rose to their highest in one week on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog, raising concerns the lingering dispute over the Middle East producer’s…
The government has a plan to exploit its abundant fossil fuel resources to help ward off the ill effects of Trump’s tariffs Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Drivers like Lando Norris and Max Verstappen grab the headlines but track designers are the hidden hands shaping Formula 1’s future — and its image.It has been a busy period for the small number of specialists in the field since Liberty Media bought F1 in an $8bn deal in 2017. The US group has transformed the sport, adding new circuits to the calendar as it expanded the season from 20 to 24 races in a push to tap new markets and boost…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldSouth Korea’s president has expressed pessimism that “very difficult” trade talks with the US can be concluded before Washington’s self-imposed deadline next week to avert steep tariffs, noting that “the two sides are not really clear on what they want”.South Korea was “doing its utmost” to find a resolution to negotiations triggered by US President Donald Trump’s threat to impose a 25 per cent “reciprocal” tariff on Asia’s fourth-largest economy, Lee Jae-myung told reporters on Thursday. But he played down…