Despite the fact that Arab oil is running out, the entire region continues to develop rapidly. The United Arab Emirates (UAE) has created a new economic oasis in the middle of the desert, and now the
By Stephen Nellis (Reuters) -Semiconductor manufacturer GlobalFoundries said on Monday it will build a second factory near its in Malta, New York, headquarters,...
The United Arab Emirates is looking to spearhead the march into a bold new world of central bank digital currencies (CBDCs). In a recently-launched roadmap, UAE’s central bank revealed its ambition to become one of the world’s top ten banks, and it believes a CBDC will play a significant role in its ambitious goal. The […]
The Central Bank of the United Arab Emirates (CBUAE) has unveiled its plan to launch a new digital currency as part of its 2023-2026 strategy plan to become one of the world’s top 10 central banks. In its announcement, the CBUAE said that its strategy includes seven objectives, including the issuance of the digital currency […]