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UAE: High Risk or Low Risk in Investing in Cryptocurrency

October 30, 2017 Joshua Amponsem 0

The future of cryptocurrencies have been an interesting discussion in a recent couple of years as technological advancement keeps growing and investments keep rising in Bitcoins – which currently holds 40 percent of the cryptocurrency market. However, there is a high risk in any luxurious business and the risk in trading with cryptocurrencies is beginning to unfold. This year, Bitcoin rose to a $5,000 at some point while gradually running down to $3,000. In UAE, cryptocurrency investors are under threat as the central bank is underway to impede the use of cryptocurrencies as it is noticed as an easy way to engage in money laundering, fraud, and funding terrorist activities. Read more

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Emirates Palace takes home seven top honours at the prestigious World Travel Awards in Dubai

October 30, 2017 UAE Business 0

Abu Dhabi, 30 October 2017  Hailed as the ‘Oscars of the Travel Industry’, leading voices in the industry came together this past weekend to celebrate travel and tourism excellence at the 2017 World Travel Awards Middle East’s dazzling red-carpet gala ceremony at Armani Hotel Dubai. Voters have once again recognised Emirates Palace as having the Middle East’s, the UAE’s and Abu Dhabi’s Leading Hotel Suite. Read more