Saturday will be fair in general, according to the National Centre of Meteorology.
Some dust is forecast during the day and it will partly cloudy to the east.
Temperatures in Abu Dhabi and Dubai will hover just below the 40°C mark, with humidity possibly reaching 75 per cent.
Overnight on Saturday into Sunday will be humid with a chance of mist over some northern areas.
Light to moderate north-westerly winds will freshen at times to the west, bringing dust.
Seas will be slight to moderate, becoming rough at times, in the Arabian Gulf and slight to moderate in Oman Sea.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
