Welcome to this week’s Fortune Gulf Brief. Regular readers might notice a different author byline today, that’s because Melissa is taking a well-earned break although, knowing journalists, probably with one eye on her phone and what’s happening in the Gulf. Ordinary service resumes next week. Until then, I’m Inzamam Rashid, international journalist and broadcaster based
President Donald Trump’s market-moving pronouncements are triggering almost instantaneous trading among Middle Eastern retail investors, with his statements generating more activity than Federal Reserve decisions or key U.S. economic data, according to one Dubai-based trading executive. “We see the price fluctuation immediately, and that will lead to trades,” Tarik Chebib, the Middle East CEO of
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
ICC Men’s Cricket World Cup League 2 Tri-Series United Arab Emirates 231-8 (40 overs): Usmani 116 (126); McMullen 3-30 Scotland 235-9 (39.5): Cross 66 (51), Jones 44 (52); Jawadullah 3-47 Scotland won by one wicket Scoreboard Scotland beat United Arab Emirates by one wicket as Jasper Davidson struck the winning boundary with just one ball
Scotland’s one-day international against United Arab Emirates was abandoned without a ball being bowled because of persistent rain in Broughty Ferry. The first match of the tri-series at Forfarshire Cricket Club was delayed by the weather and although conditions brightened as the day went on, no play was possible. The Scots – who are second
