Dubai Free Zone Becomes First UAE Government Entity to Accept Bitcoin
The free zone accepts payments in bitcoin, ether and the tether stablecoin.Dubai(Rasto SK/Shutterstock)Tanzeel AkhtarFeb 17, 2021 at 1:09 p.m. Updated Feb 17, 2021 at 3:52 p.m. Cryptocurrencies are now accepted as a form of payment at the KIKLABB free trade zone in Mina Rashid, Dubai. With the news, KIKLABB has become the first United Arab Emirates…
Read MoreEuroMed Capital co-organising blockchain conference for G-Global
EuroMed Capital is honoured to co-organise the first ever blockchain conference taking place during the G-Global congress. G-Global is a platform for communication and a recognised partner of China’s Belt and Road Initiative (BRI). Other prominent co-organisers include the United Nations Economic and Social Council (ECOSOC), the United Nations Conference on Trade and Development (UNCTAD),…
Read MoreEmbedded Finance: What it is and What it Means for the Fintech Industry
The fintech industry is always evolving. But one development in particular is generating significant buzz and market-wide revenue predictions to the tune of over $7 trillion in just 10 years. That development is embedded finance, and every fintech enterprise or company needs to know what this is and how it may affect the industry at large sooner…
Read MoreCloud and complexity in IT
Companies are moving to the cloud for speed and agility. But many find they are not moving fast enough to reap the promised benefits. It’s an old story by now—cloud is the computing of the future. What has become evident in recent years, however, is cloud has established itself as the computing of the present—and…
Read MoreDiversity programs at top investment banks, and how to access them
Diversity is a big deal to investment banks when it comes to graduate recruiting. As an industry that has a reputation for being largely male, predominantly white and the home of the economically privileged, a lot of energy is channelled into ensuring that the analyst pool is as diverse as possible. If you fall into…
Read MoreGoldman Sachs gives staff a big pay rise
It’s not easy to get pay right when you’re Goldman Sachs. Pay too much and you’ll be lambasted by ‘vampire squid’-type accusations, particularly at a time when many non-banking households are struggling. Pay too little and you risk losing traders who fancy their chances at hedge funds and electronic trading firms. Faced with this choice, Goldman seems to have decided to brave…
Read MoreDubai Announces New Economic Aid, Bringing Total to $1.7 Billion
The government of Dubai announced a new set of economic incentives on Saturday, as the city continues to fight off the fallout from the coronavirus pandemic. The new package, worth 1.5 billion dirhams ($408.4 million), was revealed through the Twitter account of the emirate’s Crown Prince Hamdan Bin Mohammed. The new stimulus will be aimed…
Read MoreUber Agrees To Buy Postmates For $2.65BN In Stock After Losing Battle For GrubHub
After failing to convince GrubHub’s millennial managers that a tie-up would be the best bet for the publicly traded takeaway rival to Uber’s fast-growing Uber Eats, Uber has moved on to ‘Plan B’, and agreed to buy Postmates in a $2.65 billion all-stock deal. Uber Eats head Pierre-Dimitri Gore-Coty is expected to continue to run…
Read More‘The Enron of Germany’: Wirecard scandal casts a shadow on corporate governance
KEY POINTS The Wirecard accounting scandal has raised fresh questions about corporate governance, with some experts calling it the “Enron of Germany.” German financial regulator BaFin has come under fire for its handling of the situation, with the government now calling for regulatory reform. There are also questions about why EY, Wirecard’s auditor, didn’t pick…
Read MoreWorld Bank Issues Bond That’s Entirely Based on Blockchain Technology
The world’s first public bond created and managed using only blockchain had support from seven investors, Commonwealth Bank of Australia the sole lead manager of the deal said on Friday, helping raise A$110 million ($80.48 million) for the World Bank. Commonwealth Bank (CBA) executive general manager James Wall said that the deal, designed to test…
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