Finance bulletins

Market Cap of World’s Three Most Profitable Companies Soared by $832bn in 2020

The coronavirus crisis produced a costly financial hit to businesses worldwide, causing heavy cuts in revenue and profits and considerable drops in their market capitalization. However, some of the world’s most profitable companies managed to substantially increase their market cap amid the COVID-19 crisis. According to data presented by StockApps.com, the combined market cap of Saudi

Dubai International Financial Centre and Dubai Future Foundation collaborate to make the Emirate a Leading City of the Future

New Memorandum of Understanding (MoU) signed to drive the future of finance in the region Agreement will see the counterparts advance innovation by identifying and supporting blockchain and Artificial Intelligence (AI) driven start-ups Dubai Future Foundation to promote DIFC’s recently introduced Innovation License Collaboration with the DIFC Academy will also introduce training opportunities to support

Yearn Finance’s Token YFI Hit $690.1 Million in Market Cap, a 435% Jump in a Month

Since its launch on July 17th, Yearn Finance’s YFI token instantly became one of the biggest decentralized finance (DeFi) coins in the cryptocurrency market with impressive growth in price and market cap. According to data presented by BuyShares.co.nz, the market capitalization of the YFI token hit $690.1 million at the beginning of this week, a 435%

New Opportunities at Dubai International Financial Centre Through Expanded Prescribed Company Regime

Expanded Prescribed Companies Regime available to wider range of applicants The expansion aligns with international best practices and local market requirements Dubai, UAE, 9th September 2020: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has expanded the applicant criteria for its successful Prescribed

Dubai International Financial Centre’s Gate Avenue awarded LEED Gold Certification

Gate Avenue becomes one of the first retail and leisure developments in the Middle East region to achieve the LEED® Gold Certification Dubai, UAE, 8th September 2020: Dubai International Financial Centre’s (DIFC) Gate Avenue has been awarded the prestigious LEED (Leadership in Energy and Environmental Design) Gold accreditation from the US Green Building Council and

Ethereum Hit 866,000 Average Daily Transactions in Q2 2020, Almost Three Times More than Bitcoin

Although the coronavirus outbreak had a significant impact on the crypto market, cryptocurrencies bounced back faster than other financial investments and quickly regained their pre-COVID-19 levels. As an inflation hedge during the coronavirus crisis, they continued drawing a lot of attention from investors. According to data presented by AksjeBloggen.com, Ethereum was the most traded cryptocurrency in

Dubai International Financial Centre launches new Innovation License to boost creativity and entrepreneurship

DIFC Innovation License will be a key initiative for  Dubai’s Future District – the largest area in MENA dedicated to developing the new economy Dubai, UAE, 18th August 2020: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region has launched a new license for

Dubai International Financial Centre and Etisalat innovate by implementing smart technologies

The collaboration will provide advanced digital infrastructure to businesses registered within DIFC Smart city initiatives will transform the business and visitor experience within DIFC Agreement will reaffirm DIFC’s standing as a dynamic, pioneering and innovative business hub Dubai, UAE, 15th  August 2020: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle

Samba Financial Group chooses Dubai International Financial Centre for international operations

First Saudi Arabian banking license launched in DIFC DIFC presence will help Samba Financial Group access the regional markets Dubai, UAE, 12th August 2020: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region is welcoming the leading Saudi Arabian Bank, Samba Financial Group to

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