Dubai

Dubai (/dˈb/ doo-BY; Arabic: دبي Dubayy, Gulf pronunciation: [dʊˈbɑj]) is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf and is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature. The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.

Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s Dubai's economy was based on revenues from trade and, to a smaller extent, oil exploration concessions, but oil was not discovered until 1966. Oil revenue first started to flow in 1969. Dubai's oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low: today, less than 5% of the emirate's revenue comes from oil. The emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the city's largely South Asian workforce. Dubai's property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08, but the emirate's economy has made a return to growth, with a projected 2015 budget surplus.

Latest News for: Dubai asset exchange

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UAE: Quality IPOs of high-growth firms coming to local stock markets

Khaleejtimes 01 May 2024
Christian Cabanne, managing director and head of CEEMEA ECM at BofA Securities, said Dubai and Abu Dhabi have launched many successful IPOs including high government assets. “Activity on the regional exchanges has been dominated in Dubai, Abu Dhabi and Saudi Arabia....
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Dubai-Based CoinW Unveils Rebranding and Prop Trading Product

Finance Magnates 24 Apr 2024
CoinW Exchange, a notable presence within the digital asset trading domain, is undergoing changes as it observes its sixth-year anniversary. Situated in Dubai, the exchange has revealed an exhaustive rebranding effort alongside the debut of its Proprietary Trading (Prop Trading) product....
photo: AP / Richard Drew
The logo for cryptocurrency site Binance appears on a mobile phone, in New York, Jan. 31, 2023
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Binance Loses Global Crypto Trading Market Share as Regulations and Competition Tighten

Coinspeaker 23 Apr 2024
Major cryptocurrency exchange Binance is losing its market share in global crypto trading due to a combination of factors, including evolving crypto regulations ... Last week, Dubai authorities finally granted Binance FZE, the exchange’s local entity, a full Virtual Asset Provider (VASP) permit....
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Middle East Records 166% Surge in Crypto Adoption, UAE Leads

Finance Magnates 22 Apr 2024
Recently, Binance secured a full operating virtual-asset services provider license from Dubai's Virtual Assets Regulatory Authority ... This license allowed the exchange to offer broker-dealer services and virtual-asset derivatives trading to institutional and individual investors....
photo: Creative Commons / Marco Verch
Highlighting the word Binance from the official website with magnifying glasses
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Binance Gets Dubai Crypto License Following CZ’s Departure

Bitcoin World 19 Apr 2024
... regulatory crypto license in Dubai ... The Virtual Assets Regulatory Authority’s (VARA) final requirement for granting the VASP license was for Zhao to give up his voting power in Binance FZE, the Dubai-based unit of the exchange, according to unnamed people familiar with the matter....
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Binance Receives Full Operational Approval for Crypto Services in Dubai

Finance Magnates 18 Apr 2024
... from Dubai's Virtual Assets Regulatory Authority (VARA) ... Binance CEO Richard Tang tells @VonnieQuinn the digital-asset exchange has received its long-sought full crypto license in Dubai https.//t.co/eOXTsmr2NV pic.twitter.com/5ShdRw0Hag— Bloomberg (@business) April 18, 2024....
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Breaking: Binance Secures Full VASP License in Dubai, CZ Relinquishes Control

CoinGape 18 Apr 2024
has reached a significant milestone by obtaining a full Virtual Asset Service Provider (VASP) license in Dubai ... Teng’s acknowledgment of this development highlights the importance of this accomplishment for Binance, reinforcing its position as the world’s largest digital-asset exchange....
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Binance secures crypto license in Dubai

Invezz 18 Apr 2024
Binance, the world’s largest cryptocurrency exchange, has been granted a Virtual Asset Service Provider (VASP) license in Dubai, marking a significant regulatory achievement ... set by Dubai’s Virtual Assets Regulatory Authority (VARA) for the issuance of the VASP license....
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Binance enhances SAFU fund stability through USDC amid regulatory progress in Dubai and India

Cryptoslate 18 Apr 2024
Binance has completed the conversion of its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin, according to on-chain data ... Meanwhile, in Dubai, Binance’s CEO, Richard Teng, disclosed that the exchange has secured its Virtual Asset Service Provider (VASP) license....
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Dubai’s VARA grants crypto exchange Binance FZE full virtual asset service provider license

Arabian Business 18 Apr 2024
Crypto exchange Binnace FZE secures a full virtual asset service provider license in Dubai .......
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Homegrown crypto broker BitOasis receives full license from Dubai’s regulator

Cryptopolitan 12 Apr 2024
BitOasis, the first homegrown crypto broker out of UAE, has received its full operational VASP license from Dubai’s virtual asset regulatory authority (VARA) ... Dubai’s virtual asset regulatory authority has granted, crypto.com, OKX (awaiting operational approval), BackPack exchange, Toko, and Binance (still awaiting its final license)....
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Coincashy: Bridging the Gap Between Cryptocurrency and Cash in Dubai

GetNews 12 Apr 2024
Your premier destination for secure and seamless cryptocurrency exchange in Dubai ... Dubai, United Arab Emirates - Coincashy, a leading physical cryptocurrency exchange based in Dubai, is revolutionizing the way individuals interact with digital assets ... Coincashy is a leading physical cryptocurrency exchange based in Dubai, United Arab Emirates ... Dubai....
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