Author Archives: christopherz18

UAE's Aldar Properties buys beach property in Ras Al Khaimah

DUBAI, April 1 (Reuters) – Abu Dhabi’s Aldar Properties , through its investment arm, has acquired the “Rixos Bab Al Bahr” beach property in the emirate of Ras Al Khaimah for 770 million dirham ($210 million), it said on Friday. The acquisition will bring its total investment in Ras Al Khaimah to 1.5 billion dirhams, […]

Star 'straight out' laundered Macau cash

Star Entertainment Group “straight out” laundered money in Macau by providing false documents to the Bank of China about the source of account deposits, an inquiry into The Star Sydney has been told. The NSW gaming regulator is probing whether the Sydney casino has been subject to criminal infiltration and if the venue’s casino licence […]

Fed outlines pros and cons of a US ‘digital dollar’ — but avoids taking a stand (for now)

id=”article-body” class=”row” section=”article-body” data-component=”trackCWV”> Getty Images  was invented, at least in part, to circumvent governments and national currencies. In the , released in the wake of the 2008 financial crisis, Satoshi Nakamoto expressed a desire to create “a new electronic cash system” that was “completely decentralized with no server or central authority.”  But as  gain in […]