For the first time, Abu Dhabi residents can now pay court fees using cryptocurrency, supported by “AE Coin” via Al Maryah Bank’s blockchain infrastructure. This marks a unique step in integrating digital assets into government services in the region. Source: reuters.com
Abu Dhabi Courts Pioneer Crypto Court Filings Read More »
Kamal Youssefi, president of the Hashgraph Association, affirmed that the UAE has positioned itself as the regional epicentre for Web3 development and cryptocurrency regulation, drawing comparisons to Switzerland for innovation-friendly infrastructure. Source: finews.com
UAE Emerges as Gulf’s Web3 Hub, Says Hashgraph Association Read More »
On July 28, UAE equities advanced—Dubai’s index gained 0.3%, Abu Dhabi 0.2%—undergirded by strong Q2 performances (e.g., Emirates NBD, ADNOC Gas) amid improving global trade talks. In contrast, Saudi’s TASI dipped 0.7%, pressured by ex-dividend impacts and weaker banking stocks. Qatar edged down 0.4% as profit-taking took hold. Source: reuters.com
UAE Markets Rise, Saudi Falls on Earnings & Trade Sentiment Read More »
As of June 30, the number of hedge funds in the DIFC surged 72% year-over-year to 85 active funds, up from 50. This growth is driven by Dubai’s tax-friendly environment, global time-zone advantage, and preferred lifestyle. Asset managers including PIMCO, CICC, and others made new entries this year. Source: FN London
Dubai Hedge Fund Industry Expands by 72% Read More »
A Reuters poll predicts improved growth across Gulf states: Saudi Arabia at 3.8%, the UAE at 4.8%, and Qatar at 2.7%—anticipating a jump to 5.4% in 2026. Growth is supported by increased oil output, government project spending, and diversification into tourism and LNG sectors. Despite U.S. trade uncertainties, inflation remains subdued between 1.0%–2.5%.
Gulf Economies Forecasted to Rebound in 2025 Read More »