UAE

India just ditched the dollar and used its own currency to buy a million barrels of oil from the UAE

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A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.
A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.

Dhiraj Singh/Bloomberg

A rental car company is now demanding $10,000 from a Texas influencer who has been detained in Dubai for 3 months

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Tierra Allen.
Tierra Allen.

Courtesy of Tina Baxter.

Bitcoin could rally 40% by the end of the year, according to a top blockchain founder

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Welcome to the weekend. Phil Rosen here, writing to you from Manhattan. 

I'm somewhat of a skeptic when it comes to digital assets, but so far this year bitcoin's been the top performing asset by a landslide — it's up more than 73%.

I caught up with a blockchain executive to get the scoop on why that rally could see more upside as the economy slows down. 

Russian gold is now flooding the UAE, Turkey and Hong Kong after facing sanctions in the West

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putin gold
Vladimir Putin.

REUTERS/Alexsey Druginyn

China is pushing ahead with a planned military base in the UAE in a clear snub to the US, leaked papers say

Tech Insider : Politics
UAE, China
Abu Dhabi's crown prince, Sheikh Mohammed bin Zayed Al Nahyan, left, and Chinese Premier Li Keqiang attend a meeting at the Great Hall of the People in Beijing, Monday, July 22, 2019.

Andy Wong-Pool/Getty Images

Japanese company ispace fears its probe crashed into the moon, failing to snag the first private lunar landing

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Takeshi Hakamada, a man with black hair and lips pursed, stands in the corner of a screen showing the HAKUTO-R lunar lander descending to the moon
Takeshi Hakamada, ispace founder and CEO, watches the HAKUTO-R lunar landing from Tokyo.

Kim Kyung-Hoon/Reuters

The anti-dollar drive spearheaded by Asia has spread to Europe, with France growing sour on the greenback's dominance. Here are 6 rising threats to the buck's supremacy of global trade.

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Dollar notes
100 dollar bills seen displayed.

(Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)

Oil prices spike 6% after OPEC's unexpected supply cut

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Saudi Arabia's energy minister Prince Abdulaziz bin Salman says OPEC+ could slash output further.
Saudi energy minster Abdulaziz bin Salman Al Saud.

Getty Images

More oil releases from the US Strategic Petroleum Reserve won't 'rock the boat', says UAE's energy minister

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Oil storage facility in Texas
An oil storage facility in Houston, Texas.

Mark Felix/AFP via Getty Images

Top Indian refiners are using the UAE's currency instead of the US dollar to buy Russian crude, report says

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Oil tanker

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