EmCoin launches multi-asset platform

EmCoin launches UAE’s first multi-asset investment platform: Virtual asset firm Emirates Coin Investment (EmCoin) rolled out the UAE’s first onshore investment platform — regulated by the Capital Market Authority — to offer a unified multi-asset ecosystem, according to a press release. Customers can invest in crypto, foreign exchange, US and UAE equities, exchange-traded funds, and commodities, with the platform also offering market insights.

BACKGROUND- The company secured a regulated virtual assets services license from the Securities and Commodities Authority (SCA) last June, making it the first UAE firm able to offer the services. At the time, it also said it was working with the SCA to introduce regulated initial coin offerings for raising capital and investments.

South Korean builder returns to Dubai

South Korea’s Ssangyong Engineering & Construction secured a USD 250mncontract to build two high-rise residential towers in Downtown Dubai after being commissioned by state-owned developer Wasl. The project — part of the Avenue Park Tower development — includes 37- and 43-story mixed-use towers and is slated for completion within 32 months. Ssangyong’s Dubai presence includes projects for Emaar.

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