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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.”

Business

Missed your corporate tax? UAE waives penalties for late filers

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Businesses in the UAE that missed the deadline to register for corporate tax have been given a welcome break. A new decision by the Ministry of Finance (MoF) and the Federal Tax Authority (FTA) waives administrative penalties for those who missed the registration deadline, as long as they meet specific conditions.

To benefit from the waiver, companies must submit their corporate tax returns or annual statements within seven months of their first tax period, in line with the UAE Corporate Tax Law.

Even better, businesses that already paid fines, but now meet the new conditions, will be eligible for refunds, according to the FTA.

This Cabinet-approved move aims to support businesses during the first year of corporate tax implementation, giving them more flexibility to comply with the new rules without facing hefty penalties.

Who’s Eligible?

  • Companies or exempt entities that missed the registration deadline
  • Must file their tax return or annual statement within 7 months of their first tax period

Why It Matters

The waiver reflects the UAE’s intention to ease the transition into the new corporate tax regime and encourage businesses to regularise their status without fear of penalties.

(Source: Wam)

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Business

UAE’s Etihad Airways unveils new travel programme to simplify business trips

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Etihad Airways has launched a brand-new corporate travel programme designed to make business travel easier, more flexible, and tailored to companies of all sizes.

The announcement was made at Arabian Travel Market 2025, highlighting the airline’s push to offer smarter, more efficient travel solutions for the corporate sector.

Smart Travel for Businessmen

At the heart of the new programme is a digital platform that gives businesses full control over their travel needs. From easy bookings to automated reports and expense tracking, the platform helps companies manage travel faster and more efficiently.

Corporate clients will also gain access to customised benefits based on how much they travel, including:

  • Special corporate rates
  • Priority check-in and services
  • Flexible booking options
  • Dedicated account management for larger businesses

Designed to Grow With You

Javier Alija, Vice President of Global Sales and Distribution at Etihad Airways, said:

“Today’s business world needs travel solutions that are efficient and adaptable.”

Whether you’re a small business looking for better travel rates or a multi-national company needing a fully managed solution, the new programme is built to scale with your needs.

Key Features Companies Can Expect:

  • A corporate travel portal with 24/7 access
  • Performance dashboards and real-time analytics
  • Dedicated support for business travellers
  • Personalised benefits tailored to your company

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Dubai’s Jumeirah Beach reopens soon:  Here’s what’s else authorities have planned for the city

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Good news for beach lovers, Jumeirah Beach is getting a makeover and will reopen this July, just in time for summer in Dubai.

Sharing updates during a recent media event organised by DMO, Bader Anwahi, CEO of the Public Facilities Agency, Dubai Municipality, said that work on the beach is almost done and it will soon be ready for the public to enjoy.

Big Plans for Dubai’s Beaches

The Jumeirah Beach upgrade is part of a bigger Dh355 million project to improve public beaches in Dubai. This includes:

  • Upgrades to Al Mamzar and Jumeirah 1 beaches
  • A floating pedestrian bridge at Al Mamzar (Dubai’s first)
  • A 24/7 night beach in Deira

The goal is to make beaches more enjoyable and easier to access, while also adding new features for residents and visitors.

More Beaches, More Space

Dubai’s long-term plan is to increase public beach areas by 400% as part of the Dubai 2040 Urban Master Plan. Work is moving fast, and Jumeirah 1 Beach is expected to reopen ahead of schedule.

Night-swimming beaches in areas have already seen over 1.5 million visitors since they opened in 2023.

New Community Spaces

The municipality is also building five new community spaces, called majlis venues, in:

  • Nad Al Sheba 2
  • Al Awir 2
  • Al Barsha South 1
  • Al Warqaa 2
  • Hatta

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