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Money

Cryptocurrencies, Blockchain Are a Rerun of The Dotcom Mania

A new Technology Quarterly report from The Economist published in the September edition examines blockchain and cryptocurrencies. Tim Cross, The Economist’s science correspondent, takes...

What Are Cryptocurrencies?

A potential new form of money that offers benefits while posing risks Hundreds of them have sprouted, with fanciful names like Primecoin, Dash, and Verge....

The World’s Highest Paid Athletes

Having beaten Conor McGregor in their blockbuster fight last year, boxer Floyd 'Money' Mayweather is the highest earning athlete in the world over the...

Dubai Holding to Launch Region’s First Digital Bank

Dubai Holding, the global investment holding company, has announced it will invest up to AED 1 billion over the next five years to launch...

UAE Expats Sent Home AED164.3 Billion in 2017

Expats remittances from the UAE amounted to AED164.3 billion during 2017, a growth of 2.2 percent from AED160.8 billion in 2016. According to a report...

UAE Home of Seven Out of 31 Arab Billionaires

Forbes Middle East is uncovering the Arab billionaires that have been revealed in the 2018 Forbes US Global Billionaires ranking. The 31 mega-wealthy Arab...

Saxo Bank Warns of Possible Global Economic Slowdown

The GCC states are likely to face economic challenges this year due to the increased risk of a global economic slowdown created by global...

Bitcoin Investors Beware: Highly Volatile, Lacks Regulations

Global banking regulator sends a warning to bitcoin investors Stefan Ingves, chairman of global regulators at the Basel Committee and governor of Sweden's Riksbank, said...

Customers Who Pay By Card Less Likely to Remember Paid Amounts

The transparency of spending money depends on the mode of payment used: cash, single-function cards that offer only a payment function, or multifunctional cards...

A Campaign To Encourage Personal Saving Launched in Dubai

National Bonds, a leading UAE investment company, has launched a nationwide campaign to encourage UAE residents to identify personal challenges to saving in a...

Confirmed: Dollar Appreciation Hurts Emerging Markets

A strong dollar is not so good for emerging markets, according to new research co-authored by Valentina Bruno, an associate professor of finance at...

Number of Billionaires Jumps 10% Worldwide

UBS/PwC Billionaires Report 2017: Return to Growth for Billionaires Globally, with Asia Outpacing the US for the First Time Globally, the total wealth of billionaires...

Women Kinder Than Men, More Generous Too

Male and female brains react differently to selfless and selfish behaviour, with women’s brains showing a stronger reward signal for kindness and generosity, a...

DIFC Reveals New Investment Opportunities

Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), has today published the “DIFC...

Don’t Think Your Wife Spends Too Much Money

When a husband thinks his wife spends too much money, whether it's reality or perception, financial and marriage problems follow. A new multi-state study looked...

Why Losing Money Is More Painful Than You Think

Losing money may be intrinsically linked with fear and pain in the brain, scientists have discovered.  Many everyday financial decisions, such as investing money are...

Do You Really Get Paid Less If You Are ‘Ugly’?

Do beautiful people earn more while those who are not so gorgeous are paid less? It's not as simple as that. People's salaries are influenced...

Using Money to Buy Time Boosts Life Satisfaction

Using money to buy free time, such as paying to delegate household chores like cleaning and cooking, is linked to greater life satisfaction. New research...