Bitcoin hits $1 trillion value as crypto jump tops other assets

Bitcoin’s market value reached $1 trillion (Dh3.67 trillion) for the first time, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold. The largest token has added more than $415 billion of value in 2021 to more than $1 trillion, data compiled by Bloomberg show. The Bloomberg […]

IDEX 2021: Saudi Arabia to invest more than $20b in its military industry over next decade

Dubai Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part of aggressive plans to boost local military spending, the head of the kingdom’s military industry regulator said on Saturday. The Gulf state wants to develop and manufacture more weapons and military systems domestically, aiming to […]

IDEX and NAVDEX to open on Sunday in Abu Dhabi with huge global participation

Dubai: The International Defence Exhibition and Conference (IDEX) and the Naval Defence and Maritime Security Exhibition (NAVDEX) will open in Abu Dhabi on Sunday. The twin event will be held from February 21-25. The exhibitions will showcase the latest technologies and innovation in the global defence sector, support the growth of the UAE’s defence industry, […]