UAE crude output nears record high post-OPEC exit amid Chinese buying surge

The post Bitcoin Suisse lands Abu Dhabi license to unlock UAE crypto expansion appeared on BitcoinEthereumNews.com. Bitcoin Suisse has secured full regulatory approval in Abu Dhabi, allowing the Swiss crypto firm to expand its regulated digital asset business across the United Arab Emirates. Summary Bitcoin Suisse has secured a full ADGM license, allowing it to offer regulated crypto services across the UAE. The approval follows the firm’s recent MiCA license in Liechtenstein, expanding its regulated presence in Europe and the Middle East. Abu Dhabi continues attracting major crypto firms as it strengthens its position as an institutional digital asset hub. ADGM approval opens regulated crypto services across the UAE According to a July 7 announcement, Bitcoin Suisse’s Middle East subsidiary, BTCS (Middle East) Ltd., has received full Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). BTCS (Middle East) Ltd. ha

Bitcoin Suisse has secured full regulatory approval in Abu Dhabi, allowing the Swiss crypto firm to expand its regulated digital asset business across the United Arab Emirates. ADGM approval opens regulated crypto services across the UAE According to a July…

The post Israel Opposes Turkey F-35 Sale As Russia Prepares Iran Su-35 Delivery appeared on BitcoinEthereumNews.com. A screen grab captured from a video shows Russian President Vladimir Putin’s plane accompanied by four Su-35 fighter jets equipped with missiles during Putin’s journey to the United Arab Emirates (UAE) on December 6, 2023 in Moscow, Russia. (Photo by Russian Defense Ministry / Handout/Anadolu via Getty Images) Anadolu via Getty Images With indications that President Donald Trump will support lifting the ban on selling F-35 Lightning II stealth strike fighters to Turkey, Israeli Prime Minister Benjamin Netanyahu has predictably expressed opposition. While a delivery of the fifth-generation combat aircraft to Turkey likely isn’t imminent even if swiftly approved, Russia, meanwhile, seems to have made progress in manufacturing the first batch of 4.5-generation Su-35 Flanker fighters Iran ordered years ago. “I don’t think they should be given F-35s or engines for their fight

The post Aluminium: Short supply supports prices despite Gulf outages – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Barbara Lambrecht says Aluminium’s recent correction has likely run its course, with prices rebounding as Chinese and LME inventories fall sharply and Gulf smelter outages persist. The Australian Ministry expects primary Aluminium to be significantly undersupplied this year and next, though longer term it sees strong non-Chinese capacity growth, especially in Indonesia, tempering the structural outlook. Tight market now, capacity boom later “Stocks could fall below 900 Tsd. tons this month. Aluminium stocks registered on the LME have also been falling significantly since the end of October and have dropped below 300 Tsd. tons for the first time since October 2022.” “Also, in its latest market outlook, the Australian Department of Resources and Energy considers price levels in the market to be well supported. Whilst China has partially offset production

The post Bitcoin Suisse Eyes UAE Expansion with New Financial Services Approval appeared on BitcoinEthereumNews.com. Swiss crypto finance powerhouse Bitcoin Suisse is venturing deeper into the Middle Eastern market with its latest regulatory approval. The company’s UAE subsidiary, BTCS Middle East, has received a pivotal Financial Services Permission from the Abu Dhabi Global Market (ADGM). Continue Reading:Bitcoin Suisse Eyes UAE Expansion with New Financial Services Approval Source: https://en.bitcoinhaber.net/bitcoin-suisse-eyes-uae-expansion-with-new-financial-services-approval

The post Bitcoin Suisse Wins Abu Dhabi License, Extends Digital Asset Push Into The UAE appeared on BitcoinEthereumNews.com. Bitcoin Suisse has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The authorization, granted to Group subsidiary BTCS (Middle East) Ltd. (“BTCS ME”), clears the Swiss firm to offer regulated digital asset services across the United Arab Emirates. The company announced the milestone earlier today. The permission concludes a multi-stage licensing process with the FSRA, the regulator for ADGM, the international financial center of Abu Dhabi. It authorizes BTCS ME to provide a range of regulated services to institutional and professional clients in the UAE.  Founded in Zug in 2013, Bitcoin Suisse brings more than a decade of experience to the region. The Group safeguards $3.7 billion in crypto assets and ranks as the fourth-largest staking operator in the world. Clients under t

The post Gold: Price dip seen limited as PBoC buying continues – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Carsten Fritsch notes Gold fell to USD 4,120 per ounce after fresh Iranian attacks lifted TTF gas and Oil prices, but Fed rate expectations remain unchanged. He argues downside is limited, as the People’s Bank of China has bought Gold for 20 straight months, recently accelerating purchases and adding 33 tons over the last three months on the lower price environment. Chinese demand cushions recent weakness “The price of gold fell to USD 4,120 per troy ounce this morning following Iranian attacks on two cargo ships and an LNG tanker in the Strait of Hormuz. As a result, the TTF natural gas price rose significantly, and oil prices also edged up slightly, fueling inflation concerns.” “However, there was no change in Fed rate hike expectations. The market continues to anticipate interest rate hikes by the Fed of around 30 basis points by the end of the year. As a r

Russia's increased crude exports amid low prices strain its economy, impacting military funding and potentially destabilizing global energy markets. The post Russia ships record 4.22 million barrels of crude daily as collapsing prices gut Kremlin revenue appeared first on Crypto Briefing.