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The crypto exchange said its operations in the United Arab Emirates remain unchanged and that many employees have chosen to remain
The spokesperson also said its operations in the UAE remain unchanged and that many employees have chosen to stay.
Our operations in the UAE continue as normal — a large number of our team has chosen to remain in the UAE. We remain deeply committed to the UAE as a key hub for Binance and to the broader region,” the spokesperson said. “As a global company, we continue to operate seamlessly and serve our users without interruption.”
The offer of relocation comes after a ceasefire agreement, following roughly six weeks of escalating regional conflict that has disrupted business activity in the UAE. The country has intercepted hundreds of missiles and drones since hostilities began in late February, according to the UAE Ministry of Defense, with additional interceptions reported on April 8.
The Middle East conflict has already disrupted major crypto, business and sports events across the UAE. TOKEN2049 Dubai has been postponed to 2027, while TON Gateway was canceled due to security and travel concerns. Other large events, including Middle East Energy Dubai and the Dubai International Boat Show, have also been delayed, and the Bahrain and Saudi Arabian Formula 1 races, key for crypto sponsorship exposure, are set to be canceled.
In December, Abu Dhabi Global Market (ADGM) said Binance’s global platform would operate under its regulatory framework, marking a significant step in formalizing the exchange’s structure.
Binance, which reportedly has 1,000 staff members or 20% of its total global workforce in the UAE, has also indicated that its worldwide operations are supported from Abu Dhabi, though it has not clearly defined a single global headquarters.
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Africa’s largest uranium producer, Namibia, hosts a new high-grade critical mineral site after Australian-listed Askari Metals (ASX: AS2) reported Phase 1 trenching results at its 100%-owned Uis Project, confirming extensive polymetallic mineralisation.
Askari Metals has discovered high-grade tin, lithium, tantalum, and rubidium at its 100%-owned Uis Project in Namibia
These minerals are critical for high-tech, electronics, batteries, and renewable energy applications, enhancing the project's strategic importance.
Phase 1 trenching reported significant assay results, with lithium and tin exceeding common industry benchmarks.
The discovery positions Namibia as a key player in the global critical minerals supply chain.
The results highlight strong tin, lithium, tantalum, and rubidium along a 2.2-kilometre pegmatite trend, supporting potential resource definition and future mining development.
These minerals are considered critical metals due to their essential role in modern technology and industrial applications. Tin is used in electronics and alloys, lithium powers batteries for electric vehicles and energy storage, tantalum is crucial for capacitors in high-tech electronics, and rubidium has applications in specialty electronics and atomic clocks.
Trenching was completed on roughly 40-metre spacing to guide follow-up drilling in the second half of 2026. Peak results included 8,340 ppm tin, 0.57% lithium oxide, 299 ppm tantalum, and 2,380 ppm rubidium, with lithium grades exceeding commonly used cut-off thresholds for spodumene pegmatites.
The discovery therefore positions Namibia as a potential key supplier of materials underpinning the global technology and green energy supply chain, highlighting both strategic and economic significance for the country.
The discovery positions Namibia, Africa’s largest uranium producer, as an emerging critical minerals hub, complementing its established revenue streams from uranium, diamonds, and base metals.
Critical minerals such as lithium and tantalum are in growing global demand for batteries, electronics, and renewable energy technologies, meaning successful development could generate substantial export revenues and strengthen Namibia’s strategic role in the continent’s mining landscape.
With tin prices hovering around US$46,000 per ton and peaks of US$57,000 per ton, the project could contribute substantially to national mining revenues, attract foreign investment, and create employment in a region already benefiting from established infrastructure, including the Walvis Bay deepwater port.
Executive Director Gino D’Anna noted that the project’s proximity to the operating Uis tin mine provides logistical advantages and untapped potential for multiple pegmatite targets. “The Uis Project is shaping up to be a major strategic asset, offering substantial economic upside,” he said.
As Namibia seeks to diversify beyond traditional minerals, discoveries like Uis underscore the country’s potential to capture a growing share of Africa’s critical minerals market, with long-term implications for revenue, industrial development, and global supply chain relevance.
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Senegal cracks down on foreign trips for ministers as global oil prices surge
Prime Minister Ousmane Sonko says crude prices are nearing double the budget benchmark, forcing urgent fiscal adjustments.
Senegal has banned ministers from non-essential foreign travel to curb rising government spending amid escalating oil prices.
The move reflects a broader African response, with countries adopting measures to manage fuel costs and energy shortages.
Experts warn that disruptions to global supply chains could worsen food security, especially in vulnerable regions.
Addressing a youth rally on Friday, Sonko revealed that the cost of a barrel of oil was nearing twice the level initially projected in the national budget, signalling a sharp and unexpected fiscal strain.
In response, he confirmed that he had personally suspended planned visits to Niger, Spain, and France, underscoring the seriousness of the government’s cost-cutting drive.
Further measures to rein in public expenditure are expected, with the minister of mines set to outline additional steps in the coming days.
Senegal’s decision reflects a broader continental response to surging energy costs, driven in part by escalating tensions in the Middle East. Several African countries are already adjusting policies to cushion the impact, including tax reductions on fuel and energy rationing.
Despite recent progress in developing its domestic oil and gas sector, Senegal remains heavily reliant on imported fuel, leaving it vulnerable to global price shocks. Sonko acknowledged the challenges but sought to strike a measured tone, telling young people he did not wish to “frighten” them, but rather to offer “a sense of this world, which is a difficult world”. He added that, even in hardship, Senegalese citizens remained resilient.
The country’s economic outlook had appeared strong as recently as last year, with the International Monetary Fund describing growth as “robust” at nearly 8% and inflation relatively low. However, high public debt, estimated at over 130% of GDP, continues to weigh heavily. Sonko attributed much of this burden to the previous administration, arguing it has compounded the current crisis.
Across Africa, the ripple effects are becoming increasingly visible. South Africa has moved to cut fuel taxes; Ethiopia is grappling with fuel shortages that have disrupted public services; and South Sudan has begun rationing electricity. Zimbabwe, meanwhile, is increasing ethanol blending in petrol.
Compounding concerns, disruptions in the Strait of Hormuz have constrained fertiliser supplies globally, prompting warnings of a looming food security crisis, particularly in East Africa.
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#ROBO Robo is a word commonly used to describe a robot or robotic system designed to assist humans in performing tasks more efficiently, safely, and accurately. In today’s rapidly advancing technological world, robo technologies are becoming an essential part of many industries and daily activities. A robo system is typically built using a combination of mechanical parts, sensors, artificial intelligence, and computer programming, allowing it to interact with its environment and perform specific functions automatically. For example, in manufacturing industries, robo machines assemble products, weld materials, and package goods with high precision and speed, significantly reducing human labor and production time. Similarly, in the medical field, robo-assisted surgeries help doctors perform complex procedures with greater accuracy, minimizing risks for patients and improving recovery times. In households, robo devices such as robotic vacuum cleaners and smart assistants make everyday chores easier by cleaning floors, managing schedules, and controlling smart home systems. The development of robo technology is also transforming fields like agriculture, where autonomous robots monitor crops, plant seeds, and harvest produce, helping farmers increase productivity and manage resources more efficiently. Moreover, robo technology plays a crucial role in space exploration and dangerous environments where human presence is risky. Robots can explore distant planets, inspect underwater structures, and assist in disaster rescue operations by entering areas that are unsafe for humans. As artificial intelligence continues to evolve, modern robo systems are becoming smarter, capable of learning from data, recognizing patterns, and making decisions based on real-time information. This ability allows them to adapt to new situations and perform more complex tasks than ever before. Despite these advantages, the rise of robo technology also raises important discussions about employment, ethics, and human dependency on machines. Some people worry that increased automation may replace certain jobs, requiring workers to learn new skills and adapt to changing industries. However, many experts believe that robo technology will not only replace repetitive tasks but also create new opportunities in robotics engineering, programming, maintenance, and innovation. Education systems around the world are increasingly introducing students to robotics and coding to prepare them for a future where humans and robo systems work together. Ultimately, the goal of robo technology is not to replace humans but to enhance human capabilities, improve efficiency, and solve complex problems that were once difficult or impossible to address. As research and innovation continue, robo systems will likely become even more integrated into society, helping build a smarter, safer, and more technologically advanced world for future generations.
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