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The investment represents MGX’s first entry into the cryptocurrency and blockchain sectorsBinance, the world’s largest cryptocurrency exchange, and MGX, the Abu Dhabi-based AI and advanced technology investor, have announced a landmark $2 billion investment.This transaction, the first institutional investment in Binance to date, marks a significant step in advancing digital asset adoption and reinforcing blockchain’s role in global finance. It is also the single largest investment into a crypto company and the largest investment ever paid in crypto (stablecoin).Stepping into crypto sectorThe investment represents MGX’s first entry into the cryptocurrency and blockchain sectors, securing a minority stake in Binance as…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Wall Street was mixed Wednesday as a reversal of recently stronger defensives sent the Dow into the red and battered tech rallied to keep the Nasdaq in the green. The market was sharply higher across the board earlier in the session, with cooler-than-expected consumer inflation data the focus over new tariffs. The latest reading on wholesale inflation is out Thursday morning. Jim said during the Morning Meeting that strength coming back into the market…

As we enter 2025, the S&P 500 index has captured the attention of investors on Wall Street with its climb to new record levels.   Last February, the upward momentum of one of the most important U.S. stock indices continued as it surpassed the 6,000‐point barrier for the first time in its history and recorded an all‐time high of 6,147 points.   This strong performance has raised investor optimism, but at the same time, it has led analysts to cautiously anticipate the index’s trajectory in the new year—especially in light of political and economic developments that could reshape the financial…

The benchmark S&P 500 and the Nasdaq rose on Wednesday following data that showed slowing U.S. inflation, although concerns about the economic fallout of President Donald Trump’s trade policies persisted. A Labor Department report showed consumer prices increased less than expected in February, but the improvement is likely to be temporary, given the backdrop of aggressive import tariffs. “This (CPI) is good news on the inflation front but obviously, with the imposition of tariffs, we still don’t know where the real direction of inflation is at this time,” said Peter Cardillo, chief market economist at Spartan Capital Securities. Traders held…

The UAE has achieved major progress by enhancing its labor regulations for worker protection and compliance needs. Fair labor practices serve as important government policies that establish equilibrium between employer-employee relationships in the UAE. Workplace standards enforcement together with employee rights protection falls under the jurisdiction of regulatory authorities specifically the Ministry of Human Resources and Emiratisation (MoHRE).UAE labor law and employment protectionsThe Federal Decree-Law No. 33 of 2021 establishes complete legal guidelines for employment protections throughout the United Arab Emirates labor relations framework. Employment contracts and wage rates as well as working time limits function together with dispute settlement…

The volume of Qatar real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in February 2025 amounted to QAR1,292,500,196 ($329.2 million). Data from the real estate analytical bulletin issued by the Ministry of Justice revealed that 365 real estate transactions were recorded during the month. The municipalities of Doha, Al Rayyan, and Al Dhaayen topped the list for the most active transactions in terms of financial value, according to the real estate market index, followed by Al Wakrah, Umm Salal, Al Khor, Al Dhakira, and Al Shamal.Financial values in key municipalitiesThe…

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.1. China summons Walmart executives for talks in wake of Trump tariffsChina has summoned executives of Walmart – the world’s largest retailer – for regulatory talks, bringing the business practices of one of the United States’ most prominent companies under scrutiny and, in the wake of tariff increases from US President Donald Trump, suggesting more punitive action could come in advance of bilateral trade negotiations.2. Have Chinese scientists just dashed humanity’s last hopes to win in…

US stock indices fell on Tuesday and expanded the losses amid new escalation in the trade war, which threatens a potential recession in the US.    President Trump said during a Fox News interview that the US is undergoing a transition phase, with return of wealth to the US through trade and economic policies, including tariffs to boost local industry.   In yet another escalation, US President Trump raised tariffs on Canadian steel and aluminum imports by an additional 25% to a total of 50%.   Trump said the decision comes in response to Ontario’s decision to impose 25% taxes…

This expansion showcases greater utilization of government assets to boost economic growth and private partnerships Bahrain has announced the introduction of 23 new investment opportunities via the Government Land Investment Platform, marking the largest offering since the platform’s inception.Nouf Abdulrahman Jamsheer, chairperson of the Government Land Investment Committee and undersecretary for Research and Projects at the Office of the Prime Minister, stated that this expansion signifies the growing utilization of government assets to boost economic development, strengthen partnerships with the private sector, and promote projects that align with the aspirations of citizens across the various regions and governorates of the…

My top 10 things to watch Wednesday, March 12 1. Wall Street was heading for a higher open that kicked into a higher gear on cooler-than-expected consumer inflation data. The stock market has been slammed recently on economic worries about President Donald Trump’s tariffs. 2. February’s consumer price index rose 2.8% year over year. Core CPI, excluding food and energy prices, gained 3.1% year over year. Both numbers this morning were lower than expected. Wholesale inflation data is out tomorrow. 3. Tariffs went on today. Trump imposed 25% levies on steel and aluminum imports. The U.S. imports nearly 30% of our…