The rupee opened sharply up at 78.24 against the US dollar
Markets1 week ago
The first ever Bitcoin-focused fund in the Middle East region will be listed on Nasdaq Dubai, its promoter said.
Canadian digital asset management firm 3iQ’s chairman and CEO Frederick Pye said they have received regulatory approval for the listing of the Bitcoin Fund on the Dubai bourse.
The company is likely to start trading on Nasdaq Dubai in the second quarter. It also aims to list the fund on exchanges in Singapore, Taiwan, Sweden and the US.
The Dubai-based alternative investment firm Dalma Capital has been named 3iQ’s syndicate manager for the fund’s in the Middle East.
Corporate finance advisor 01 Capital and investment firm Razlin Capital, both London-based, advised on the listing and Pinsent Masons was legal counsel for the listing process.
waheedabbas@khaleejtimes.com
The rupee opened sharply up at 78.24 against the US dollar
Markets1 week ago
Spot gold rose 0.23 per cent to $1,835.31 per ounce by 9.13am
Markets1 week ago
Markets are now betting on more cautious policy action from the Fed
Markets1 week ago
Each tranche is expected to be of benchmark size, which generally means at least $500 million
Markets1 week ago
Other variants of the yellow metal also fell on Thursday
Markets1 week ago
The local currency shed another 0.21 per cent of its value against the US dollar and closed at fresh all-time low of 211.93 (57.69 against the dirham) in the interbank market
Markets2 weeks ago
24K gold price drops Dh1.5 per gram in early trade
Markets2 weeks ago