Based out of Abu Dhabi Global Market (ADGM), the emirate’s financial centre, Coinbase has been granted a license to arrange investment deals and provide custody for tokenized securities. Custody essentially means safely holding and managing the digital ownership records for assets and is therefore important for giving institutional investors confidence. Tokenization has been rapidly gaining
The U.S. can’t fully reopen the Strait of Hormuz, and Iran can’t stop every ship from transporting oil through narrow waterway. At the same time, the U.S. is preventing Iran from exporting its crude supplies or importing critical goods, while American forces grapple with munitions and readiness issues. The result has been a stalemate where
President Donald Trump is doubling down on wielding economic pressure to squeeze Iran as his military options dwindle, and Tehran’s business community warned the naval blockade will cause far-reaching harm. In an interview with Iran’s Khabar Online outlet, the head of the Iran-China Joint Chamber of Commerce said “the consequences of the blockade far outweigh
Sensing it has the upper hand, Iran issued a long list of maximalist demands before it reopens the Strait of Hormuz, even as officials in Tehran grow increasingly concerned about the shattered economy. While Iran and Oman have been in talks over how to manage traffic through the narrow waterway, an agreement won’t automatically unlock
“Spider-Man: Brand New Day” has broken box office records across the Middle East, scoring the region’s biggest opening of all time, according to Empire Entertainment, which serves as exclusive theatrical distributor for Sony Pictures across the region. Across the four-day period of July 30 to Aug. 2, “Brand New Day” generated a total $18.4 million from
Damage to three Amazon Web Services facilities in the Middle East from Iranian drone strikes highlights the rapid growth of data centers in the region, as well as the industry’s vulnerability to conflict. The company’s cloud computing division, Amazon Web Services, said late Monday that two data centers in the United Arab Emirates were “directly struck” and