Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Bitcoin hit an eight-month high to surge past $25,000 on Thursday as the volatile cryptocurrency rises despite pressure from US regulators.
The digital coin has soared by 50 per cent since the start of the year, though it remains far off its peak of $68,992, which it reached in November 2021.
Bitcoin reached $25,249 on Thursday, its highest point since June and the first time it topped $25,000 since August.
A more optimistic outlook for the world economy is propping up the markets, including cryptocurrencies, with Paris and London stock exchanges hitting all-time highs on Thursday.
"While regulatory crackdowns continue to drive some unease, there's clearly a growing sense of relief that the worst is behind it for the industry and 2023 could be a much better year," said Craig Erlam, analyst at online trading platform OANDA.
US officials are cracking down on the cryptocurrency sector after the uproar caused by the recent bankruptcy of FTX and Alameda Research.
FTX, once the world's highest-profile crypto exchange, collapsed spectacularly in November, leaving nine million customers in the lurch and seeing cofounder Sam Bankman-Fried indicted for fraud by US prosecutors.
US regulators on Monday ordered crypto firm Paxos Trust to stop issuing dollar-pegged cryptocurrency BUSD, a stablecoin, for trading platform Binance.
"The third largest stablecoin was given an expiration date of February 2024 and the market has seemingly shrugged it off," said Riyad Carey, analyst at cryptocurrency data provider Kaiko.
As stablecoins are backed by one or more national currencies with a near fixed rate of exchange they don't experience the swings in value that cryptocurrencies like Bitcoin have seen.
Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, presented the awards to the winners in various categories
Move aims to deepen multi-sectoral cooperation
Brands in the UAE and the region have been advised to create the right awareness schemes that they’re deemed neutral
This continuous rise in investment is attributed to an emerging trend of financialisation of savings
The UAE registered trademarks totalling 4,610 in Q1
One of the driving forces behind the growth is the adventurous spirit of millennials and Gen Z
Figure reflects the emirate’s growing appeal as a preferred investment hub for innovative technology companies