Dubai-headquartered Fintech firm Alaan has acquired $2.5 million in capital via a an investment round. The firm is now coming out of stealth mode.
( read original story …)
Financial crime watchdog adds UAE to ‘gray’ money laundering watch list
The ‘gray list’ designation is a blow for the United Arab Emirates as economic competition accelerates with Gulf neighbor Saudi Arabia …
( read original story …)
Meet some of Expo 2020 Dubai’s most loyal visitors
How many times have you visited Expo 2020 Dubai? Chances are it will not be as often as Sara Al Mansoori, 24, who was given an award by event organisers after visiting 74 times. The Emirati woman was …
Covid-19: First MIQ-free flight from Dubai touches down as border reopens to Kiwis
Marmite and feijoa lumps were given out to passengers, who greeted families and friends with tears of joy after years apart.
Financial crimes watchdog puts UAE on ‘grey list’
The global financial crimes watchdog has placed the United Arab Emirates on its grey list, dealing a blow to the Middle East’s premier finance and trade hub. The Paris-based Financial Action Task …
Dubai tourism indaba kicks-off
THE Zimbabwe Dubai Tourism Infrastructure and Finance Conference kicks-off here today with high-level engagements expected to enhance increased investments and tourism arrivals from the oil rich …
Tunisia awards UAE’s AMEA Power $100m to build solar plant in Kairouan
The Tunisian Government has awarded AMEA Power a concession agreement and a power purchase agreement for a 100MW solar project in Kairouan, worth $100 million or Dh368 million. Najla Bouden Romdhane, …
( read original story …)
Russians look to UAE to escape economic turmoil as sanctions bite
Growing numbers of wealthy Russians are heading for the UAE after invasion of Ukraine leaves Moscow’s financial system teetering on the brink of collapse …
( read original story …)
Illicit money flows: UAE set to be placed on FATF’s ‘gray list’
Just a few votes to the contrary can result in a jurisdiction getting added to the list of nations under increased monitoring …
( read original story …)
Al-Attiyah braces for tough test at Abu Dhabi Desert Challenge
Qatar’s ace rally driver Nasser Saleh al-Attiyah and his French navigator Mathieu Baumel will start as strong favourites at the Abu Dhabi Desert Rally, which gets underway on Saturday.
UAE Added to Global Watchdog’s ‘Gray List’ Over Dirty Money
The United Arab Emirates has been added to a global watchdog’s list of countries subject to greater oversight for shortcomings in tackling illicit finance, potentially complicating local operations …
( read original story …)
UPDATE 3-Financial crime watchdog adds UAE to ‘grey’ money laundering watch list
Global financial crime watchdog the Financial Action Task Force (FATF) on Friday said Middle East business hub the United Arab Emirates had been included on a list of jurisdictions subject to …
( read original story …)
Q1 2022 Gift Card and Incentive Card Industry Report UAE – Strong Growth in E-Commerce Shopping Expected to Drive the Market
Dublin, March 04, 2022 (GLOBE NEWSWIRE) — The “United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Q1 2022 Update” report has been added …
( read original story …)
UAE bank lending set to grow in 2022 amid strong economic recovery, S&P says
Banks in the UAE are expected to record an increase in lending growth this year as the Arab world’s second-largest economy charts a strong recovery from the Covid-19 pandemic, according to a new …
( read original story …)
UAE poised for FATF’s ‘gray list’ over allegations of ‘dirty money’
The United Arab Emirates is set for inclusion on a global watchdog’s “gray list” after some of its members indicated that the Gulf nation hadn’t made enough progress in tackling illicit financ …
( read original story …)
Abu Dhabi: Now, travel with bikes on public buses
Commuters can now travel with their bikes onboard public buses in Abu Dhabi. As a trial run, the local transport authority has launched a new bus service with a dedicated space to accommodate bicycles …
Top stars battle for glory in Abu Dhabi Desert Challenge
Victory in the Abu Dhabi Desert Challenge is one of the most valued rewards in cross country rallying, and a host of the world’s leading contenders have arrived in the UAE with the special motivation …