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  • Valetax stands out as multi-award winner at Jeddah Fintech Week 2025

    Valetax stands out as multi-award winner at Jeddah Fintech Week 2025

    Valetax, a leading global trading solutions provider, made a significant impact at Jeddah Fintech Week 2025, held on November 16-17 at the Jeddah Hilton Hotel. As the Official Sponsor, the company showcased its innovative trading services, strengthened relationships with industry professionals, and reaffirmed its commitment to driving fintech growth across the MENA region. The event, themed ‘Reimagining Finance in the Digital Era,’ attracted over 40 global and regional experts and featured more than 50 educational workshops, focusing on open banking, digital currencies, Islamic fintech, regulatory technology, and AI in financial services. Valetax’s interactive booth, led by MENA leadership team members Muhammed Hussin and Ahmed Rehab, became a hub for traders and partners seeking insights into the company’s expanding services and regional strategies. The company also hosted thought leadership sessions, offering practical guidance on financial brokerage, stock market careers, and digital gold as a modern asset. Valetax’s excellence was recognized with three prestigious awards: Best Forex Broker Global, Best Copy Trading Platform, and Best Account Management Services. CEO Viktor Karpinski emphasized the company’s dedication to trust, innovation, and client empowerment, highlighting Jeddah Fintech Week as a pivotal moment for regional fintech development. Valetax’s participation underscores its mission to advance financial education, foster digital innovation, and expand global partnerships, solidifying its position as a key player in the MENA fintech landscape.

  • Farage’s Reform appoints director of ‘anti-Muslim’ think tank as senior advisor

    Farage’s Reform appoints director of ‘anti-Muslim’ think tank as senior advisor

    Nigel Farage’s Reform UK has appointed Alan Mendoza, executive director of the Henry Jackson Society (HJS), as its chief advisor on global affairs. This move has ignited significant controversy, given HJS’s reputation as a polarizing think tank. Critics, including its own founders, have labeled HJS as a ‘monstrous animal’ and a ‘racist organisation,’ particularly for its anti-Muslim stance and neoconservative policies. Mendoza, a former Conservative councillor, recently defected to Reform, a party known for its anti-immigrant rhetoric and rising popularity in national polls. His appointment signals a potential shift in Reform’s foreign policy, which may align with HJS’s hardline approach to Islamist extremism and strong pro-Israel stance. HJS has long advocated for banning Iran’s Islamic Revolutionary Guard Corps as a terrorist organization and has funded Tory MPs to attend pro-Israel conferences. Mendoza’s past statements, including opposition to allowing Palestinian students’ dependents into the UK and criticism of the government’s handling of radical Islam, further underscore his controversial views. This appointment comes amid broader scrutiny of Reform UK, with Farage himself facing allegations of racist behavior during his youth. The party has also been accused of ’embracing racism’ following the hiring of Matthew Goodwin, who has made contentious remarks about immigrant integration. Reform UK’s alignment with figures like Mendoza and Goodwin raises questions about its ideological trajectory and its appeal to a broader electorate.

  • Top court urges stricter regulation of minors’ online behavior

    Top court urges stricter regulation of minors’ online behavior

    In a significant move to safeguard minors in the digital age, China’s Supreme People’s Court has emphasized the urgent need for stricter regulation of children’s online behavior. This directive follows the release of three pivotal cases involving minors, which underscore the growing concerns over internet-related crimes and cyberbullying. The court has mandated judicial bodies nationwide to enhance their handling of such cases and implement robust legal measures to foster a safer online environment for young users. One notable case involved a student, Li, who posted defamatory remarks about his classmate, Wang, on a social media platform. The court ruled that Li’s actions constituted an insult and violated Wang’s right to reputation. Given Li’s minor status and his parents’ failure to fulfill their guardianship duties, the court ordered them to issue a written apology to Wang. The Supreme People’s Court highlighted that minors often lack the emotional maturity to handle conflicts appropriately, which can lead to harmful online behavior. It stressed that the internet is not a lawless space and that minors are subject to legal constraints when expressing themselves online. Parents, as guardians, have a crucial role in guiding their children and will be held accountable for any infringing behavior. Additionally, the court urged collaboration with internet platforms to prevent juvenile crimes. Another case involved two teenagers who extorted over 75,000 yuan by claiming to be practicing online games. The court discovered that they learned these criminal methods through harmful content on a short video platform, prompting a judicial recommendation to strengthen content monitoring. The court praised this proactive approach, noting its dual benefit in preventing juvenile crimes and ensuring the healthy development of the internet industry.

  • Zand launches UAE’s first AED-Backed stablecoin on public blockchain

    Zand launches UAE’s first AED-Backed stablecoin on public blockchain

    In a groundbreaking move for the UAE’s financial sector, Zand, the nation’s AI-driven digital bank, has launched Zand AED, the country’s first regulated, multi-chain UAE dirham-backed stablecoin on public blockchains. Approved by the Central Bank of the UAE (CBUAE), Zand AED marks a significant step in integrating the national currency into the global digital economy. The stablecoin is fully backed one-to-one by UAE dirham reserves, held in segregated and regulated accounts to ensure complete redemption value. Real-time transparency is maintained through independently audited smart contracts and reserve attestations, ensuring trust and accountability. Available across multiple public blockchains, Zand AED enables fast, borderless settlements and seamless integration for developers, enterprises, and financial institutions. Issued by Zand Trust, a subsidiary of Zand Bank PJSC, the stablecoin is licensed and supervised by the CBUAE and holds a BBB+ rating from Fitch Ratings. Mohamed Alabbar, Chairman of Zand, described the launch as a breakthrough for the UAE, emphasizing its role in advancing the nation’s position as a global leader in financial innovation. Michael Chan, CEO of Zand, highlighted the stablecoin’s potential to bridge traditional and decentralized finance, unlocking next-generation payments, tokenization, and digital asset innovation. With the global stablecoin market projected to reach $3 trillion in the coming years, Zand AED positions the UAE at the forefront of regulated digital finance, offering a secure and future-ready foundation for institutions, Fintechs, and developers operating in one of the world’s most advanced financial ecosystems.

  • Syrian teenage activist wins Children’s Peace Prize

    Syrian teenage activist wins Children’s Peace Prize

    Bana Al Abed, a 16-year-old Syrian activist, has been awarded the prestigious International Children’s Peace Prize by the Netherlands-based KidsRights Foundation. Recognized for her relentless advocacy for children affected by war, Al Abed has dedicated her efforts to reuniting families, reopening schools, and offering hope to children in conflict zones such as Gaza, Sudan, Ukraine, and Syria. Her journey began in 2016 when she and her family were evacuated from Aleppo to Turkey, where she has since become a global voice for children’s rights. Al Abed has attended international conferences, visited refugee camps in Turkey and Jordan, authored two books, and garnered recognition from world leaders, including French President Emmanuel Macron. In her acceptance speech at Stockholm City Hall, Al Abed boldly addressed global leaders, including former Syrian President Bashar al-Assad, Israeli Prime Minister Benjamin Netanyahu, and Russian President Vladimir Putin, questioning their roles in the suffering of children worldwide. She emphasized the importance of education as a cornerstone for rebuilding war-torn societies, stating that it provides hope and opportunities for growth. Al Abed also highlighted the plight of 5,000 Syrian children forcibly separated from their families during the war, whose fates remain unknown. Marc Dullaert, founder and chairman of KidsRights, praised Al Abed’s courage and resilience, noting her transformation of personal hardship into a powerful advocacy platform. Previous recipients of the award include Swedish activist Greta Thunberg and Nobel Peace Prize laureate Malala Yousafzai.

  • Weekly quiz: Why was KPop Demon Hunters banned by a school?

    Weekly quiz: Why was KPop Demon Hunters banned by a school?

    This week witnessed a series of significant global events that captured public attention. Former U.S. President Donald Trump ordered the release of the highly anticipated Epstein files, shedding light on a controversial chapter in recent history. Meanwhile, the United Kingdom experienced severe weather conditions, with heavy rain and cold temperatures disrupting daily life. On a more uplifting note, the BBC’s annual Children In Need appeal achieved a remarkable milestone, raising over £45 million for charitable causes. These events, while diverse in nature, underscore the dynamic and interconnected nature of global affairs. As we reflect on the past seven days, it’s worth considering the broader implications of these developments and their impact on society. For those eager to test their knowledge of recent events, quizzes curated by Ben Fell offer an engaging way to stay informed and revisit key moments from the week.

  • Netanyahu visits Israeli soldiers in occupied Syria with faces of troops blurred

    Netanyahu visits Israeli soldiers in occupied Syria with faces of troops blurred

    Israeli Prime Minister Benjamin Netanyahu, accompanied by Defense Minister Israel Katz, Foreign Minister Gideon Saar, and military chief of staff Eyal Zamir, visited an Israeli military outpost in the occupied Syrian Golan Heights on Wednesday. The visit, which took place in a buffer zone unilaterally seized by Israel in December, was marked by heightened security measures, including blurring the faces of soldiers in media coverage to shield them from potential legal repercussions over alleged war crimes. Netanyahu emphasized the strategic importance of the region, stating, ‘We attach immense importance to our capability here, both defensive and offensive, safeguarding our Druze allies, and especially safeguarding Israel and its northern border opposite the Golan Heights.’ He added that the mission could escalate at any moment, expressing confidence in the troops’ readiness. The visit drew sharp criticism from Syria, which condemned it as a blatant violation of its sovereignty and international law. Syria’s foreign ministry labeled the actions of Israeli officials as ‘null, void, and legally invalid,’ accusing Israel of perpetuating aggression and breaching UN Security Council resolutions. Syrian ambassador to the UN, Ibrahim Olabi, urged the Security Council to enforce the 1974 disengagement agreement and halt Israeli violations. UN spokesperson Stephane Dujarric expressed concern over the visit, reiterating the importance of Syria’s sovereignty and territorial integrity. Meanwhile, Israeli ambassador Danny Danon called on Syria to demonstrate a commitment to peace and justice, while Olabi countered by highlighting Israel’s repeated strikes on Syrian territory. The visit underscores the ongoing tensions in the region, with both nations locked in a complex geopolitical struggle.

  • Bangladesh police hope new uniform repairs broken image

    Bangladesh police hope new uniform repairs broken image

    In a symbolic move to restore public confidence, Bangladesh Police have introduced new uniforms, replacing their traditional turquoise-and-blue attire with iron-grey shirts and chocolate-brown trousers. This initiative comes as the nation of 170 million people prepares for critical elections in February 2026, where the role of security forces will be pivotal in ensuring a peaceful electoral process. The decision follows years of turmoil and public distrust stemming from the 2024 uprising, which resulted in the overthrow of the autocratic government of Sheikh Hasina. The unrest left at least 1,400 dead and thousands injured, many due to police actions. Police spokesman Sahadat Hossaine acknowledged the force’s ‘unprecedented crisis,’ stating that policymakers believe the new uniforms could signal reform and foster positive change. However, skepticism remains among citizens like Nazma Akhtar, whose 17-year-old son was killed during the uprising. ‘How can a new uniform change their attitude?’ she questioned, reflecting widespread anger. The interim government, led by Nobel laureate Muhammad Yunus, has established a police reform commission, but progress has been slow. Allegations of excessive force persist, and public trust has eroded to the extent that mobs often take justice into their own hands. Meanwhile, around 1,500 police personnel face criminal charges, including murder, with dozens in detention. The former police chief, who pleaded guilty alongside Sheikh Hasina, was sentenced to five years. Despite these challenges, serving officers express their own grievances, noting that 44 officers were also killed during the unrest. The path to rebuilding trust remains fraught with obstacles, as the police force seeks to shed its image as a political tool and regain legitimacy.

  • Auto Buzz: Honda unveils two motorcycles, Dubai gets a Škoda showroom

    Auto Buzz: Honda unveils two motorcycles, Dubai gets a Škoda showroom

    The automotive industry in the Middle East is witnessing a surge of activity, with significant developments from Honda, XPENG, and Škoda. Honda has marked the 50th anniversary of its iconic Gold Wing motorcycle by unveiling two new models in the MENA region. The 25YM GL1800 Gold Wing and Gold Wing Tour feature advanced technology, including wireless Apple CarPlay, Android Auto, and enhanced audio systems, alongside exclusive 50th Anniversary badging and Euro 5 compliance. These models continue the legacy of the Gold Wing, which has evolved over five decades to become a symbol of luxury and long-distance touring. Meanwhile, Chinese electric vehicle manufacturer XPENG has opened a state-of-the-art spare parts warehouse in Dubai, developed in collaboration with JD Logistics. This facility aims to enhance customer service across the Middle East and Africa, leveraging advanced supply chain technology for efficient inventory management and rapid order fulfilment. The move aligns with the UAE’s growing electric vehicle market, projected to reach $16.3 billion by 2030, and supports national sustainability goals. Additionally, Škoda has inaugurated a flagship showroom on Dubai’s Sheikh Zayed Road, offering a modern, customer-centric experience. The 10,010-square-foot facility showcases Škoda’s latest models, a live car configurator, and a range of branded lifestyle merchandise, reflecting the brand’s commitment to innovation and active living. These developments underscore the region’s dynamic automotive landscape and its alignment with global trends in mobility and sustainability.

  • Dubai gears up for the 4th Annual Movember ride to champion men’s health awareness

    Dubai gears up for the 4th Annual Movember ride to champion men’s health awareness

    Dubai is set to host the 4th Annual Movember Ride on November 23, 2025, a collaborative effort by STITCH and Enigmas Motorcycle Club to champion men’s health awareness. This year’s event, presented by L’Oréal Paris Men Expert, underscores the brand’s global dedication to men’s well-being. The initiative focuses on the critical importance of early detection for prostate cancer, one of the most treatable cancers when identified promptly. Prostate cancer screening, which begins with a simple PSA (Prostate-Specific Antigen) blood test, is widely accessible and can detect abnormalities before symptoms manifest. Movember encourages men to engage in open discussions with their physicians and understand when to start screening—typically between ages 45–50, or earlier for those with higher risk factors. Sara Sakaya of L’Oréal Paris Men Expert emphasized, ‘Movember is more than a campaign; it’s a reminder that men’s health deserves open discussion, early action, and sustained awareness.’ Participants will gather early morning for the convoy, led by Enigmas Motorcycle Club. Rony Metri, president of Enigmas MC, highlighted the event’s deeper purpose: ‘Movember isn’t just a ride; it’s a call to stand up, get checked, speak up, and watch out for our brothers.’ The ride will conclude at the Harley-Davidson Sheikh Zayed Road Showroom, where Allo Beirut will host the riders and guests. Paul O’Callaghan, General Manager of Harley-Davidson UAE, expressed pride in supporting the cause, stating, ‘Harley-Davidson stands for community and freedom—and there’s no better demonstration of that spirit than supporting a cause that empowers men to take control of their health.’ STITCH, a key organizer, continues to reinforce its commitment to health advocacy. Nael Basily, managing director of STITCH, noted, ‘The Movember Ride is a testament to what partners, brands, and communities can achieve when they unite for a cause.’