Abu Dhabi to Host Bitcoin MENA Conference 2024
Scheduled for December 9 – 10, the Abu Dhabi National Exhibition Centre (ADNEC Centre) will host the first-ever Bitcoin MENA Conference 2024.
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The first-ever Bitcoin MENA Conference 2024 represents the region’s introduction to such conventions. Organized collaboratively by the ADNEC Group, its event management arm Capital Events, and BTC Inc., the partnership was solidified in a signing ceremony featuring Humaid Matar Al Dhaheri, the Managing Director and Group CEO of ADNEC Group, alongside David Bailey, CEO of BTC Inc. This initiative highlights Abu Dhabi’s role in bringing together key players for this groundbreaking conference.
This conference is a landmark event, representing the world’s leading Bitcoin conference’s entry into the MENA region, known for its vibrant, investment-conducive environment and swift growth.
Humaid Matar Al Dhaheri commented on the significance of hosting the conference in Abu Dhabi, highlighting the city’s position as a pivotal hub for cryptocurrency in both the regional and global arenas. He emphasized that the conference will serve as an essential platform for dialogue and knowledge exchange, contributing significantly to shaping the future direction of the cryptocurrency sector in the region.
The collaboration with BTC Inc. for the Bitcoin MENA Conference is a testament to the growing global interest in decentralized digital currencies and anticipates further growth in this innovative investment sector. The conference aims to promote understanding and adoption of Bitcoin and blockchain technology, facilitating collaboration and innovation. It will gather key figures from the global Bitcoin ecosystem to discuss future developments and showcase the latest technology and services.
Bitcoin MENA 2024 promises to be a convergence point for the global and regional Bitcoin community, attracting industry leaders, high-net-worth individuals, institutional investors, influencers, enthusiasts, and novices, fostering a united Bitcoin community.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Employment grew for the 16th consecutive month as companies expanded.
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According to a recent PMI report, Qatar experienced its fastest non-energy sector growth in almost two years in June, driven by surges in both existing and new business activities.
The Purchasing Managers’ Index (PMI) headline figure for Qatar reached 55.9 in June, up from 53.6 in May, with anything above 50.0 indicating growth in business activity. Employment also grew for the 16th month in a row, and the country’s 12-month outlook remained robust.
The inflationary pressures were muted, with input prices rising only slightly since May, while prices charged for goods and services fell, according to the Qatar Financial Centre (QFC) report.
This headline figure marked the strongest improvement in business conditions in the non-energy private sector since July 2022 and was above the long-term trend.
The report noted that new incoming work expanded at the fastest rate in 13 months, with significant growth in manufacturing and construction and sharp growth in other sectors. Despite the rising demand for goods and services, companies managed to further reduce the volume of outstanding work in June.
Companies attributed positive forecasts to new branch openings, acquiring new customers, and marketing campaigns. Prices for goods and services fell for the sixth time in the past eight months as firms offered discounts to boost competitiveness and attract new customers.
Qatari financial services companies also recorded further strengthening in growth, with the Financial Services Business Activity and New Business Indexes reaching 13- and nine-month highs of 61.1 and 59.2, respectively. These levels were above the long-term trend since 2017.
Yousuf Mohamed Al-Jaida, QFC CEO, said the June PMI index was higher than in all pre-pandemic months except for October 2017, which was 56.3. “Growth has now accelerated five times in the first half of 2024 as the non-energy economy has rebounded from a moderation in the second half of 2023,” he said.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
