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Bitcoin continues to pull away from stocks

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As the Ukraine war intensifies, cryptocurrencies continue to pull away from stocks.
Investors are looking for safe havens. Bitcoin jumped 18 per cent over the past three days, while the MSCI AC World Index has fallen in nine of the past 10 sessions, Bloomberg reported.
Proponents of Bitcoin dub it as a hedge against conflict and inflation, and cite its borderless nature and fixed supply.
Crypto’s image was hit when a crypto rout started in November. It sent Bitcoin plunging 52 per cent and there were concerns about central bank tightening.
It has made broad gains in digital tokens the past few days. This has revived the hope that they offer a shield against governments that can seize other types of assets.
It’s “fascinating that, after a week into geopolitical uncertainty, Bitcoin is outperforming gold, which is known as a safe-haven asset,” an analyst at UK-based digital asset broker GlobalBlock, Marcus Sotiriou, told Bloomberg.
On Wednesday, gold slipped 0.2 per cent, after rallying since late January.
There is likelihood of a crypto rebound and therefore, retail investors are piling in.
Most of the accumulation in Bitcoin over the last week came from smaller investors, according to data from Glassnode.
“This geopolitical environment is certainly a tailwind for crypto,” Jonathan Cheesman, head of over-the-counter and institutional sales at crypto-derivatives exchange FTX, reportedly told Bloomberg.
“This situation highlights the use case for a decentralised, neutral, algorithmic safe haven.”

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Dubai Ruler renames Mohammed Bin Rashid Al Maktoum Charitable Establishment

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In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a new decree to rename the Mohammed Bin Rashid Al Maktoum Charity and Humanitarian Establishment.

The organisation will now be officially known as the Mohammed Bin Rashid Al Maktoum Charitable Establishment.

The foundation, first established in 1997, continues to run humanitarian and charitable initiatives in the UAE and abroad. Its work includes supporting education, health, culture, social welfare, religion, and relief efforts for communities affected by crises and disasters.

It also provides financial aid to families in need, supports patients with medical treatment, and offers assistance to students and educators.

The Establishment will remain under the supervision of Dubai’s Islamic Affairs and Charitable Activities Department and the Community Development Authority, ensuring compliance with local laws regulating charities and fundraising.

The decree took effect upon its publication in the Official Gazette.

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Dubai warns engineering firms over costly villa designs

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Dubai Municipality has issued warnings to several engineering consultancy offices after finding that they exaggerated structural designs for citizens’ villas.

According to officials, these inflated designs went against the Dubai Building Code and led to unnecessary construction costs for property owners, without any real engineering need.

The move is part of the Municipality’s efforts to regulate Dubai’s construction sector and protect residents from extra financial burdens. Consultancy offices across the emirate had already been reminded through circulars to strictly follow approved engineering standards.

Eng. Maryam Al Muhairi, CEO of the Buildings Regulation and Permits Agency, said:

“Compliance with the Dubai Building Code is not only a legal requirement but also a professional and ethical responsibility. The goal is to ensure safe, high-quality construction without forcing citizens to pay more than necessary.”

She added that Dubai Municipality will continue to monitor consultancy offices and contractors to prevent excessive use of building materials, including steel, and ensure construction remains efficient, safe, and cost-effective.

Repeat offenders could face disciplinary measures, including poor annual evaluations or even suspension. Earlier this year, two consultancy offices were banned from licensing new projects for six months due to violations.

By cracking down on such practices, Dubai Municipality says it aims to strengthen the emirate’s construction sector, cut waste, and support sustainable urban growth.

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Parents, students benefit as RTA upgrades 10 school zones across Dubai

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Dubai’s Roads and Transport Authority (RTA) has completed a series of traffic improvements in 10 busy school zones across the city, making life easier for parents, students, and staff.

The works, carried out over the summer break, covered areas such as Al Warqa 1, 3 and 4, Al Safa 1, Al Barsha 1, Al Garhoud, Al Mizhar 1 and 4, Al Qusais and Al Barsha South, benefiting 27 schools in total.

What changed?

  • Wider roads and smoother traffic flow
  • New entrances and exits to ease congestion
  • More parking for parents and staff (up to 90% more in some places)
  • Safer pedestrian features, including signals and traffic-calming measures

The RTA says some zones have already seen traffic flow improve by up to 40 per cent.

Work is still underway in other school areas like Umm Al Sheif, Al Warqa, and Al Barsha. The project is being carried out in coordination with Dubai Police to ensure safety for students and families.

Parents and school bus drivers are also urged to follow safety rules, use designated drop-off zones, and stay alert around schools.

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