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Bitcoin price rebound comes under threat from UN Security Council alarm and Hormuz oil scare
platodata38d ago

Bitcoin price rebound comes under threat from UN Security Council alarm and Hormuz oil scare

Bitcoin held near $66,000 on Sunday, March 1, after a weekend geopolitical shock tied to U.S. and Israeli strikes on Iran, setting up Monday’s U.S. reopen as the first major liquidity and spot ETF flow test of the rebound. The diplomatic alarm bell rang alongside the price rebound. At an emergency U.N. Security Council meeting, [...]

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UAE halts stock markets for two days after Iran strikes
brecorder38d ago

UAE halts stock markets for two days after Iran strikes

The UAE has ordered its stock markets closed on Monday and Tuesday as the country reels from Iran’s retaliatory missile and drone strikes, in a sign of the growing economic disruption sweeping the Gulf.The UAE Capital Markets Authority said the Abu Dhabi Securities Exchange and Dubai Financial Market would remain shut on March 2 and March 3, citing its supervisory and regulatory role over the country’s capital markets.“The Authority will continue to monitor developments in the region and assess the situation on an ongoing basis, taking any further measures as necessary,” it said in a statement.READ MORE: Gulf stocks slide, Kuwait suspends trading as Iran responds to US, Israeli attacksThe UAE’s two exchanges are home to some of the region’s most valuable listed companies.The closure keeps billions of dollars in listed assets in suspension as investors await clarity on the scale of damage from Saturday and Sunday’s strikes, which hit airports, ports and residential areas across the UAE and broader Gulf region.Gulf markets that did open on Sunday saw sharp declines. Saudi Arabia’s benchmark index fell more than 4% at the open, Oman dropped 3% and Egypt’s main index shed 5.44%, while Kuwait suspended trading entirely.All parties were advised to follow official UAE Capital Markets Authority, ADX and DFM channels for updates on the resumption of trading.

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FG, African finance corporation seal $1.3bn alumina refinery deal
nationaldailyng38d ago

FG, African finance corporation seal $1.3bn alumina refinery deal

The Federal Government, through the Solid Minerals Development Fund (SMDF), has signed a landmark $1.3 billion Memorandum of Understanding with the Africa Finance Corporation (AFC) to jointly finance a major alumina refinery project, a nationwide geoscience mapping program, and establish a strategic investment vehicle to unlock Nigeria’s mineral wealth. The agreement marks the culmination of [...]The post FG, African finance corporation seal $1.3bn alumina refinery deal appeared first on National Daily Newspaper.

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Global Airline Chaos: How Middle East Conflict Disrupted Travel
devdiscourse38d ago

Global Airline Chaos: How Middle East Conflict Disrupted Travel

On Monday airline shares took a nosedive with major players like Cathay Pacific Qantas Airways Singapore Airlines and Japan Airlines seeing declines of over 5 following US and Israeli strikes on Iran The global travel sector remains in chaos as the conflict has forced the closure of critical Middle Eastern hubs such as Dubai and Doha leaving countless passengers stranded

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