The Central Bank of the UAE (CBUAE) has released its latest statistics, revealing a significant surge in the assets of Islamic banks within the country. Over the past 12 months, these institutions have seen their assets rise by approximately AED86 billion. As of the end of February 2024, the collective assets of Islamic banks stood at AED717.7 billion, marking a robust…

    In a marked retreat from its recent surge, gold prices declined on Tuesday as the US dollar showed continued strength, tempering the momentum that had pushed the precious metal to a record high. On Monday, gold prices had soared to an all-time peak of $2,440.49 per ounce, spurred by a mix of bullish factors. These included heightened…

    Two Chinese nationals, Yicheng Zhang and Daren Li, have been charged by US authorities in a massive cryptocurrency scam totaling $73 million, dubbed “pig butchering.” The scheme involved laundering funds through US bank accounts to the Bahamas, resulting in arrests in Los Angeles and Atlanta. The defendants allegedly instructed accomplices to establish US bank accounts under the…

    India’s stance on cryptocurrency regulation appears to be evolving, with the Securities and Exchange Board of India (SEBI) advocating for multi-regulator oversight in contrast to the Reserve Bank of India’s (RBI) concerns about potential macroeconomic risks associated with private digital currencies. Documents obtained by Reuters reveal SEBI’s recommendation that various regulatory bodies supervise cryptocurrency trading, marking a significant departure from the country’s previous…

    Technology

    In a declaration poised to reverberate through global tech circles, Ashwini Vaishnaw, India’s Union Minister for Railways, Communications, and IT, heralded the country’s forthcoming emergence as a central force in semiconductor manufacturing and telecom services.…

    Apple Inc. announced the launch of its redesigned 11-inch and the brand new 13-inch iPad Air models, each powered by the advanced M2 chip. This marks the first time the iPad Air is available…

    In the realm of digital afterlife, where AI technology enables conversations with the deceased, concerns about ethical boundaries and potential harm have been brought to the forefront by University of Cambridge scientists. Dubbed as “deadbots” or…

    The U.S. Food and Drug Administration (FDA) has bestowed a groundbreaking approval upon the Apple Watch, marking a pivotal moment in digital health technology. Specifically, the FDA has granted approval to the Apple Watch’s atrial fibrillation (AFib) feature,…

    Alphabet Inc., the parent company of Google, made payments totaling $20 billion to Apple Inc. in 2022 for securing Google as the default search engine on Apple’s Safari browser, as revealed by recently unsealed court documents in the Justice…

    Google Cloud has stepped into the Web3 arena with the launch of a new portal aimed at blockchain developers, offering datasets and tutorials on non-fungible tokens (NFTs). However, the reception within the cryptocurrency community has…