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
Saudi Arabia ranked first among countries for the non-oil exports of national origin with BD201 million (22%)
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Bahrain’s non-oil exports of national origin decreased by 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same period in 2023. The top 10 countries accounted for 64% of the total export value.
According to the Information & eGovernment Authority (iGA) in its Q2 2024 Foreign Trade report, Saudi Arabia was the leading destination for these exports, totaling BD201 million (22%). The US followed with BD75 million (8.4%), and the UAE with BD73 million (8.2%).
Unwrought aluminum alloys were the top exported product in Q2 2024, amounting to BD267 million (30%), followed by agglomerated iron ores and concentrates alloyed at BD159 million (18%) and non-alloyed aluminum wire at BD49 million (5%).
Non-oil re-exports
Non-oil re-exports increased by 4% to reach BD206 million during Q2 2024, compared to BD198 million for same quarter in 2023. The top 10 countries accounted for 86% of the re-exported value. The UAE ranked first with BD58 million (28%) followed by Saudi Arabia with BD39 million (19%) and UK with BD17 million (8%).
As per the report, turbo-jets worth BD65 million (32%) were the top product re-exported from Bahrain, followed by private cars with BD11 million (5%) and four-wheel drive with BD9 million (4%).
The value of non-oil imports has decreased by 4% reaching to BD1.41 billion in Q2 2024 in comparison with BD1.47 billion for same quarter in 2023. The top 10 countries for imports recorded 68% of the total value of imports.
China Bahrain’s biggest importer
China ranked first for imports to Bahrain, with a total of BD191 million (14%), followed by Brazil with BD157 million (11%) and Australia with BD112 million (8%).
Non-agglomerated iron ores and concentrates were the top product imported to Bahrain worth BD200 million (14%), followed by other aluminum oxide with BD101 million (7%) and parts for aircraft engines with BD41 million (3%).
As for the trade balance, which represents the difference between exports and imports, the deficit logged was BD310 million in Q2 2024 compared to BD322 million in Q2 2023.
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
