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Bahrain's Crown Prince Salman bin Hamad Al Khalifa has become the first recipient of a Crypto.com card powered by Mastercard, marking a significant milestone for the country's digital finance sector. This partnership allows transactions at over 150 million locations globally and offers an 8% reward on spending, showcasing Bahrain's commitment to innovative financial technologies. The move positions Bahrain as a fintech hub in the region, potentially attracting more companies and investments while influencing other nations in the Gulf Cooperation Council.
BitOasis, a Dubai-based cryptocurrency trading platform, has secured a full virtual asset service provider license from the Virtual Assets Regulatory Authority, following its acquisition by Indian exchange CoinDCX. This milestone allows BitOasis to enhance its existing services for retail and institutional investors in the MENA region. The firm, which previously held a provisional permit, aims to expand its product offerings and comply with regulatory requirements in the UAE.
Exactitude Consultancy offers market research and consulting services, focusing on strategic business challenges. Their reports provide in-depth analysis, including economic impacts, competition, and market forecasts, ensuring clients receive reliable data to drive growth. Customization options are available for tailored insights.
Singapore Gulf Bank is aiming to raise at least $50 million in a funding round and plans to acquire a stablecoin payments firm next year. The bank, established by the Whampoa Group and licensed in Bahrain since February, is negotiating with a Middle East sovereign wealth fund and other investors to sell an equity stake of less than 10% by early 2025.
Climate change responsibility is complex, with China as the largest current emitter, followed by the US and India. Historically, the US leads with 24% of emissions, while China accounts for 14%. Per capita emissions reveal that smaller, oil-dependent nations and Australia have the highest individual contributions, complicating climate finance discussions.
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