UAEUPTODATE

What is Bitcoin? Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017. Acquiring Bitcoins Many marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Coinbase is a leading exchange, along with Bitstamp and Bitfinex. But security can be a concern: bitcoins worth tens of millions of dollars were stolen from Bitfinex when it was hacked in 2016. Transfers People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally. Mining People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are crea...

1. Global Village The Global Village is the world's largest tourism, leisure, shopping and entertainment destination. Special events and fireworks to celebrate the UAE National Day. 2. Dubai Festival City This National Day, Festival Bay at Dubai Festival City Mall will be THE place for National Day. Come join the celebrations on 2nd December.   Watch the first UAE Air Force flyover at 1:30 pm and stay back for a whole lot more! From the IMAGINE show to FREE live entertainment and FIREWORKS at 9 pm; it’s going to be a day of non-stop fun for the whole family! Be a part of UAE’S most momentous occasion at Dubai Festival City Mall on 2nd December from 1 pm. 3. Wafi Mall Wafi Mall has lined up an exciting set of cultural and fun activities for the whole family to enjoy on December 1 and 2, 2017. A  flag hunt with the opportunity to win exciting prizes as well as traditional celebrations to compliment the spirit of the nation.  4. La Mer This...

UAE residents will pay around 12 fils more per litre for petrol starting on Friday from 1st December 2017 as oil prices hit a new two-year high earlier this month. It was announced on Tuesday that consumers will pay Dh2.15 a litre for Super 98, a 5 per cent rise from November’s figure of Dh2.03. Special 95 will increase 6 per cent to Dh2.04 from Dh1.92, and E Plus will cost Dh1.97, up from Dh1.85. Diesel prices will rise to Dh2.20, a 4 per cent hike from last month

             The Indonesian authorities have raised the alert for a volcano on the tourist island of Bali and have ordered evacuation of people The alert status for the surrounding area has been raised to level 4, the highest level Mount Agung last erupted in 1963, killing nearly 1,600 people in one of Indonesia's most devastating eruptions.

The UAE announced a public holiday for the private sector to mark Prophet Mohammad's (PBUH) birthday, National Day, and Commemoration Day. The Ministry of Human Resources and Emiratisation announced that the holiday will be from Thursday November 30 to Saturday December 2. Private sector employees will return to work on Sunday December 3, according to a circular issued by the authority.