The cryptocurrency market has entered a turbulent phase as Bitcoin, the flagship digital asset, plummeted below the psychologically significant $100,000 mark, reaching its lowest level since late June. This sharp decline, which saw Bitcoin lose over 20% from its October 6 peak of $126,000, has sparked intense speculation among analysts: is this a temporary pause in the rally or the onset of a prolonged bear market? The immediate catalysts for the downturn include technical breakdowns, shifting macroeconomic conditions, and internal market dynamics. Technically, Bitcoin’s breach of the 200-day moving average at $109,800 has signaled potential further declines. Katie Stockton of Fairlead Strategies predicts the correction could persist for weeks, with the next support level around $94,200, while maintaining a long-term target of $134,500. Macroeconomic pressures have also intensified, with a stronger US dollar and hawkish Federal Reserve rhetoric dampening investor sentiment. This has led to a net outflow of $360 million from cryptocurrency investment products last week, according to CoinShares’ James Butterfill. Internally, institutional demand has waned, with on-chain data revealing that institutional net buying has dropped below the daily mining supply for the first time in seven months. Glassnode data further confirms a slowdown in institutional accumulation, with Blackrock’s spot Bitcoin ETF seeing weekly net inflows shrink to less than 600 Bitcoins, a stark contrast to the 10,000 Bitcoins per week during previous rallies. Despite these challenges, some analysts remain optimistic. QCP Capital attributes the pullback to profit-taking by long-term holders rather than macroeconomic factors, noting the market’s resilience in absorbing significant selling pressure. Gary O’Shea of Hashdex emphasizes that the long-term investment case for Bitcoin remains intact, citing accelerating institutional adoption as a key driver for future growth. The current downturn is seen as a critical test for the market’s new structure, built around spot ETFs and institutional participation. While this structure may have reduced volatility, the path forward depends on a positive shift in the macro environment and a resurgence of institutional demand. For now, the market watches closely to see if Bitcoin can hold the $100,000 level or if further corrections are imminent.
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Dubai’s housing sector posts record sales in October
Dubai’s real estate sector has achieved unprecedented milestones in 2025, with residential and office markets reaching record-breaking performance levels. By the end of October, property sales soared to Dh559.4 billion, surpassing the previous full-year record of Dh522.1 billion set in 2024. This remarkable growth is fueled by sustained population expansion, robust investor confidence, and Dubai’s transformation into a permanent residence for global citizens rather than a transient hub. The market’s resilience is further underscored by a strong preference for off-plan properties, which accounted for 70% of total residential sales in Q3 2025. Apartments dominated transaction volumes, while villas and townhouses experienced a 22% average price increase due to limited supply. The Dh5–10 million price segment saw a 60% surge in transactions, reflecting heightened demand for premium properties. The office market mirrored this strength, with Grade A office assets achieving a 95% occupancy rate and citywide rents rising to Dh190 per square foot, a 22% year-on-year increase. Prime districts like DIFC, One Central, and Downtown Dubai continued to command top rental rates. A wave of new office supply, projected at 2.3 million square feet in 2026 and 4.1 million square feet in 2027, is already seeing strong pre-leasing activity. Industry experts attribute this sustained boom to visionary government policies, including long-term residency options like the Golden Visa, and world-class infrastructure. With two months remaining in 2025, analysts predict it will be the most active year ever for Dubai’s real estate market, setting the stage for achieving the Dh1 trillion annual transaction target outlined in the Dubai Real Estate Strategy 2033.
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Adnoc Drilling expands regional footprint with major stake in MB Petroleum Services
NMC Royal Hospital located in Khalifa City has been honored with the esteemed Comprehensive Chest Pain Center Certification by the American Heart Association (AHA). This recognition underscores the hospital’s commitment to delivering exceptional cardiac care and its adherence to rigorous international standards in diagnosing and treating chest pain. The certification process involved a thorough evaluation of the hospital’s protocols, facilities, and medical expertise, ensuring that patients receive timely and effective care for cardiac emergencies. This achievement positions NMC Royal Hospital as a leader in cardiovascular health within the region, enhancing its reputation as a trusted healthcare provider. The certification also reflects the hospital’s dedication to continuous improvement and patient safety, aligning with global best practices in cardiac care.
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Why Zohran Mamdani’s election as New York City mayor resonates in Dubai
The election of Zohran Mamdani as New York City’s first Muslim and South Asian mayor has reverberated far beyond the city’s borders, capturing the attention of global observers, particularly in Dubai. Dr. Kristian Patrick Alexander, Lead Researcher at Rabdan Academy, emphasized that Mamdani’s victory symbolizes a shift in urban leadership, reflecting the priorities of a new generation. He noted striking parallels between New York and cities like Dubai and Abu Dhabi, where diverse populations drive dynamic, globally connected economies. This shared multicultural identity makes New York’s political transformation especially compelling for UAE watchers.
Mamdani’s personal ties to the UAE further deepen this connection. His wife, Rama Duwaji, has familial roots in Dubai, and the couple’s engagement in the city underscores the people-to-people bonds linking major global hubs. Mamdani’s campaign, centered on housing affordability, social equity, and community responsiveness, aligns with the UAE’s focus on sustainable mobility, infrastructure excellence, and smart-city initiatives. Dr. Alexander highlighted that Mamdani’s rise reflects a broader global trend of younger, progressive leaders blending idealism with pragmatic governance.
In the UAE, this trend resonates as young Emiratis increasingly assume leadership roles across government, business, and innovation sectors. The UAE cabinet, featuring some of the world’s youngest ministers, exemplifies this shift. Across Dubai and Abu Dhabi, mentorship, education, and real responsibility are shaping the next generation of leaders, ensuring the nation remains agile and attuned to its youthful population.
Mamdani’s election also underscores the importance of urban accessibility and mobility. Both New York and Dubai rely on intricate public transportation networks, with New York’s system reflecting a century of evolution and Dubai’s renowned for its modernity and technological integration. These systems illustrate how global cities thrive by prioritizing accessibility and thoughtful urban design.
Ultimately, Mamdani’s victory highlights the concept of urban empathy—the idea that successful cities must continually adapt to their residents’ needs. For Dubai and Abu Dhabi, already global exemplars of vision-led development, New York’s experience reinforces the importance of community-focused leadership. Together, these cities demonstrate how inclusivity, connectivity, and ambition can coexist as cornerstones of thriving metropolises.
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Khaled Al Shehhi adds another gold for UAE at Jiu-Jitsu World Championship
Khaled Al Shehhi, a standout athlete from the UAE, clinched the gold medal in the men’s 62kg division at the Jiu-Jitsu World Championship held in Bangkok. This remarkable achievement has elevated the UAE national team’s medal tally to seven, comprising four gold, one silver, and two bronze medals across both men’s and women’s categories. Al Shehhi’s victory underscores the UAE’s growing prominence in the global jiu-jitsu arena, reflecting the nation’s commitment to nurturing athletic excellence. The championship, which commenced with a grand opening ceremony attended by Thai government officials, Jiu-Jitsu International Federation (JJIF) representatives, and delegations from 60 countries, is set to continue until November 15 at Bangkok’s Huamark Indoor Stadium. The UAE’s participation is bolstered by a robust delegation of 110 athletes across various age groups, supported by a comprehensive team of technical, administrative, and medical staff. Mohamed Salem Al Dhaheri, Vice Chairman of the UAE Jiu-Jitsu Federation, lauded the athletes’ dedication and professionalism, expressing confidence in their ability to secure more medals. Al Shehhi, in his victory speech, attributed his success to the unwavering support of the UAE leadership and the meticulous preparation provided by the Federation and coaching staff. The men’s competition is set to conclude tomorrow, with UAE athletes competing in the 85kg and 94kg divisions, aiming to further solidify their standing in the championship.
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New Cold War, new cold lines
As Zohran Mamdani prepares to assume the role of mayor of New York City, a pivotal moment in American politics unfolds. His election coincides with the passing of Dick Cheney, a symbol of traditional centrist conservatism, marking a potential shift in the nation’s political landscape. Mamdani’s rise, juxtaposed with the polarizing influence of former President Donald Trump, raises questions about the future of American politics. Will Mamdani bridge the divide, or will his leadership deepen the ideological chasm? This comes at a time when the United States faces unprecedented challenges from China, with tensions escalating into what some describe as a new Cold War. Unlike the ideological battles of the 20th century, this conflict is characterized by economic interdependence and geopolitical maneuvering. The US-China rivalry, fueled by trade disputes, technological competition, and ideological differences, has global implications. As both nations navigate this complex relationship, the world watches to see whether this confrontation will lead to cooperation or further division. Mamdani’s leadership may play a crucial role in shaping America’s response to these challenges, as the nation grapples with internal divisions and external pressures.
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MY.GAMES expands to MENA, helping developers tap into 595 million gamers
MY.GAMES, a prominent international video game developer and publisher, has announced the expansion of its Publishing Program to the MENA (Middle East and North Africa) region. This strategic move aims to support local developers in scaling their games globally by leveraging the expertise of its PC and console publishing division, Knights Peak, and its mobile publishing arm, MGVC Publishing. The program offers comprehensive support across mobile, PC, and console platforms, providing funding for marketing and development, access to industry-leading services, and expert guidance in game design, business development, and live operations. The MENA region, home to approximately 595 million gamers, is one of the fastest-growing gaming markets globally, with an expected market volume of $7.1 billion by the end of 2025, according to Newzoo. MY.GAMES established its regional hub in Abu Dhabi in 2023, focusing on game development, research, and localisation, and is now extending its efforts into publishing. Elena Grigorian, CEO of MY.GAMES, emphasized the company’s commitment to fostering local talent and creativity by providing the necessary tools and global reach. Knights Peak specializes in premium PC and console titles, offering tailored publishing solutions, while MGVC Publishing focuses on mobile games, providing fair, shared-revenue partnerships and advanced tools for user acquisition and monetisation. This expansion aligns with MY.GAMES’ broader strategy to support the growing MENA gaming ecosystem and engage more closely with local communities.
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Rape, ransom and execution: The road out of Sudan’s el-Fasher
The city of el-Fasher, the capital of Sudan’s North Darfur state, has become a harrowing scene of mass violence and devastation following its capture by the Rapid Support Forces (RSF) last week. As civilians attempted to flee the besieged city, they were met with unimaginable horrors, including executions, sexual violence, and widespread looting. The RSF, reportedly armed with weapons and technology supplied by the United Arab Emirates (UAE), has been accused of perpetrating atrocities reminiscent of the Rwandan genocide. Survivors recount scenes of men being separated from women and children and executed, boys as young as two killed in front of their families, and women subjected to rape and sexual assault. Hostages were held for ransom, with families forced to transfer exorbitant sums via mobile banking apps to secure their release. The Yale Humanitarian Research Lab (HRL) has identified evidence of mass graves in RSF-controlled areas, with body disposal operations underway. Civilians attempting to escape faced further dangers, including falling into deep trenches surrounding the city. Many who managed to flee to Tawila, a safer area west of el-Fasher, arrived in dire conditions, with hundreds of children separated from their families. Survivors describe consistent patterns of looting, ransom demands, and targeted killings based on ethnicity or perceived political affiliations. The RSF’s actions have drawn international condemnation, with calls for the UAE to be held accountable for its role in arming the paramilitary group. The Sudanese government has documented numerous cases of sexual violence, but the true scale of the atrocities remains unknown due to limited access to affected areas. Humanitarian organizations are calling for urgent aid to address the dire needs of displaced populations, including food, water, shelter, and medical care. The international community’s inaction has been criticized, with activists urging governments to take decisive steps to end the violence and hold perpetrators accountable.
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Dubai hosted Fourth Asgardia Executive Congress – synergy for humanity’s cosmic future
NMC Royal Hospital, located in Khalifa City, has achieved a significant milestone by receiving the Comprehensive Chest Pain Center Certification from the American Heart Association (AHA). This prestigious accreditation underscores the hospital’s commitment to delivering exceptional cardiac care and adhering to the highest standards in diagnosing and treating chest pain and related cardiovascular conditions. The certification process involved rigorous evaluation of the hospital’s protocols, facilities, and medical expertise, ensuring alignment with AHA’s stringent criteria. This recognition not only highlights NMC Royal Hospital’s advanced capabilities in cardiac care but also positions it as a leading healthcare provider in the region. The achievement is expected to enhance patient trust and attract individuals seeking top-tier medical services for heart-related issues.
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French police launch investigation into Al Fayed sex-trafficking allegations
French authorities have initiated a comprehensive investigation into sex-trafficking allegations tied to the late businessman Mohamed Al Fayed, who passed away two years ago. The probe, ordered by the Paris prosecutor’s office, centers on potential aggravated human trafficking involving multiple victims, alongside allegations of prostitution and rape. The investigation is expected to scrutinize Al Fayed’s Ritz Hotel in Paris, following claims that staff were complicit in or aware of the abuse of women. In response, the Ritz Hotel issued a statement expressing deep concern and pledging full cooperation with authorities. This investigation adds a new chapter to the ongoing legal battles surrounding Al Fayed’s alleged violent crimes and the quest for justice for his victims. Pelham Spong, a 40-year-old American woman, played a pivotal role in triggering the investigation. She alleges that Al Fayed relocated young female staff from the Ritz to his private residences and yachts across the Mediterranean. Spong, who worked briefly for the Al Fayed family in 2008, claims she was subjected to invasive medical examinations and sexual assault. She only recently recognized herself as a victim of sex trafficking after understanding the systemic nature of the abuse. Spong’s lawyer, Anne-Claire Le Jeune, believes her client’s case is strong due to the extensive evidence she has preserved. Meanwhile, Al Fayed is also under investigation in the UK, where over 140 individuals have reported him to the Metropolitan Police. The extent of his predatory behavior was first exposed in a 2024 BBC documentary, which prompted dozens more women to come forward. Despite numerous allegations, Al Fayed was never charged before his death. Harrods, the luxury department store he once owned, has allocated over £60 million to compensate alleged victims, emphasizing its commitment to preventing such behavior in the future.