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Canada’s largest digital-asset investment fund manager 3iQ Corp. is hoping to raise more than $200 million by listing its Bitcoin exchange-traded fund in Dubai, according to its chief executive officer.
The intent of listing on the Nasdaq Dubai exchange is to get trading at all hours around the globe, said CEO Fred Pye. “We trade on the North American market times and Dubai is almost perfectly opposite of what our trading hours are,” he told Bloomberg TV.
3iQ was founded in 2012 and has about $1.5 billion in assets. Its 3iQ Coinshares Bitcoin ETF, which listed on the Toronto Stock Exchange last year, is now set to become the first cryptocurrency fund to go public in the Middle East.
S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims By Janice Kew | March 1, 2021
Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims resulting from a 2017 accounting crisis that took the South African retailer to the brink of collapse.
An agreement with the insurers would be of similar magnitude to what the company concluded with Deloitte & Touche LLP two weeks ago, Chief Financial Officer Theodore de Klerk said in an interview Monday. Deloitte, the auditors at the time of the scandal, offered about 70 million euros ($84 million).
Covid vaccine: French DJ Guetta gets jab ahead of Dubai gig
Reuters/agencies/Dubai
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DJ wants everyone to take the Covid-19 vaccine so the world can have a big party in 2021.
With the live music industry shut down by the pandemic, celebrated French DJ David Guetta said it would be fair for festivals in the future to restrict entry to those vaccinated against the coronavirus.
Guetta, 53, who said he has received the first dose of the Covid vaccine, has urged fans to get vaccinated but says he understands and respects that it is a personal decision.
“I think it is absolutely fair. People have the right not to get vaccinated but they cannot impose on other people the risk of making them sick,” he told Reuters on Tuesday.