With cryptocurrencies rapidly entering the mainstream, Dubai’s forward-thinking regulatory framework, particularly through the Virtual Assets Regulatory Authority (Vara), has fueled the growth of numerous crypto-related ventures in the city.

The UAE's economy expanded by an estimated 3.4% in the first quarter of 2024, compared to the same period in 2023, according to preliminary figures from the government, as reported by WAM on Monday, Sep 9. The country's gross domestic product (GDP) reached 430 billion dirhams (approximately S$152.9 billion) in Q1, with the non-oil sector experiencing a 4% year-on-year increase, based on data from the Federal Competitiveness and Statistics Centre.

The UAE's economy expanded by an estimated 3.4% in the first quarter of 2024, compared to the same period in 2023, according to preliminary figures from the government, as reported by WAM on Monday, Sep 9. The country's gross domestic product (GDP) reached 430 billion dirhams (approximately S$152.9 billion) in Q1, with the non-oil sector experiencing a 4% year-on-year increase, based on data from the Federal Competitiveness and Statistics Centre.