By Muyao Shen and Sidhartha Shukla Bitcoin recovered from the steepest selloff in more than a year, an early indication of impending volatility across asset markets as investors digest the prospects of a military escalation in the Middle East. Click here to follow our WhatsApp channel The largest cryptocurrency advanced 3.9% to $64,40 as of
Last month, Hong Kong-based hedge fund Infini Capital Management opened an Abu Dhabi office after receiving in-principle approval from Abu Dhabi’s Financial Services Regulatory Authority (FSRA) to establish a presence there, according to the company. This would set the stage for it to become the first Asian hedge fund manager in the Abu Dhabi Global
Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. In the increasingly more intricate world of modern business, finance professionals stand at the crossroads of success and sustainability. Their responsibility has evolved as it is very important in navigating businesses through tough economic times. It
Saudi Arabia’s reported $40 billion artificial intelligence (AI) investment fund represents a leap to redefine the Middle East’s role in the global technology landscape. The fund is part of a trend of Middle Eastern countries scrambling to position themselves as leaders in the global AI race. The vast investments underscore AI’s potential to reshape industries
Egypt, the Middle Eastern giant with a population of 114 million, is too big to fail, particularly at this moment. The United Arab Emirates, International Monetary Fund, and European Union forcefully underlined this point over the past week, pledging some $40 billion in investments and loans. President Abdel Fattah Al Sisi’s government responded with drama
Despite misfires during previous infrastructure endeavours in Africa, the Middle East and Central Asia, China is now making substantial green energy investments in those regions – and finding eager takers. Companies are making strides in power generation and crafting solar energy equipment with support from a range of host countries, including Egypt, Mauritius, Qatar and
From our UN correspondent in New York – The UN agency for Palestinian refugees (UNRWA) announced on January 26 that it had terminated the contracts of several employees pending an investigation into Israeli allegations that they had been involved in Hamas’s October 7 attacks in Israel. The move prompted several nations to suspend vital funding
“This collaboration marks a significant stride in solidifying Hong Kong’s position as a leading international financial centre,” Laurence Li, the FSDC’s chairman, said during the opening ceremony of AFF. The two-day conference, which brings together hundreds of leaders from the government, finance and business communities, kicked off at the Hong Kong Convention and Exhibition Centre.
WASHINGTON (AP) — The U.S. on Monday hit Iraqi airline Fly Baghdad and its CEO with sanctions, alleging assistance to Iran’s military wing — and in addition, imposed a fifth round of sanctions on the militant group Hamas for abuse of cryptocurrency since the October 7 terrorist attack on Israel. The sanctions come as Israel’s
Oil prices edged lower on Tuesday, January 16, as investors weighed the impact of tensions in the Middle East against a stronger dollar and cooled expectations of US interest rate cuts. An escalating shipping crisis in the Red Sea and Iranian missile strikes on targets in Syria and Iraq added to the geopolitical risk premium