Dubai was one of the first cities to emerge from the pandemic, reopening to tourism by the middle of 2021. The emirate now has set its sights on becoming a global tech hub by attracting entrepreneurs, investors and even crypto influencers to the city. But will its bet on cryptocurrency catapult it to success or leave it in the dust?
Dubai’s handling of the pandemic, low taxes and ease of doing business laid the groundwork for a post-pandemic boom. And they’re paying off in the form of new tech investment.
“Dubai, and the UAE overall, is a world class example of dealing with a pandemic. Now you see talent internationally, from all parts of the world, wanting to move to Dubai,” said Ola Doudin, co-founder of BitOasis, a cryptocurrency platform.
In 2020, $654 million of investment poured into start-ups in the Middle East and North Africa, according to research from Wamda, an investment and venture capital firm that operates in the region. That amount quadrupled to nearly $2.9 billion...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...