Tag: finance

The banking regulator imposed a fine of Dh1.92 million ($525,527) on the exchange house in accordance with the law on anti-money laundering, combating the financing of terrorism and the financing of …

The financial sanction, amounting to Dhs1,925,000, is the result of the findings of an examination conducted by the CBUAE, which revealed that the exchange house failed to obtain letters of no …

The Central Bank of the UAE has penalised an exchange house operating in the country for failing to achieve the appropriate levels of compliance with anti-money laundering regulations.

Regulator said financial sanctions were imposed on the company after an investigation revealed that it failed to do due diligence …

The Central Bank of the UAE (CBUAE) has ordered an exchange house to pay a hefty fine of more than AED1.9 million ($517,000) for violations related to anti-money laundering regulations.

Both figures are higher than the other markets surveyed, emphasising the region’s commitment to creating a sustainable and inclusive industry. Linked to this, the appetite for green lending is also …

The first drone start-up company in the nation, DroneAcharya Aerial Innovations (Droneacharya AI), with its headquarter in Pune, has announced today that its initial public offering (IPO) would begin …

Earlier this year the Central Bank of the UAE projected inflation at around 5.6% this year, which is lower than other parts of the world but would be the country’s highest rate since 2016. However, in …

The Ministry of Finance (MoF) today announced the amendment of the VAT treatment on workmanship services when supplying gold and diamonds between Registran..

Pursuant to a resolution issued by the Cabinet, the Ministry of Finance today announced the amendment of the VAT treatment on workmanship services when supplying gold and diamonds to registrants in …

The partnership equips Ajman Bank with the technology to accelerate its digital transformation and enrich its client offering.

A 43-year-old Asian was sentenced to prison for a month and will be deported for scamming a company of Dh52,000 by forging documentation and …

DUBAI: Dubai Islamic Bank (DIB) rang the market-opening bell today to celebrate the listing of its inaugural sustainable Sukuk with a value of US$ 750 million on Nasdaq Dubai. The Sukuk is the …

The UAE is to establish an integrated national platform to highlight opportunities for investors across sectors. The platform will be supervised by the Ministry of Economy. Financial technology, …

IFZA Dubai, the UAE’s international Free Zone, has entered into a partnership agreement with Wio Bank, the region’s first platform bank, to provide IFZA Free Zone companies with quick and convenient …

New listing raises the total value of DIB’s Sukuk on Nasdaq Dubai to $7.8 billion Dubai Islamic Bank (DIB) rang the market-opening bell on Monday to celebrate the listing of its inaugural sustainable …

Dubai, UAE – IFZA Dubai, the UAE’s most dynamic and truly international Free Zone, has entered into a partnership agreement with Wio Bank, the region’s first platform bank, to provide IFZA Free Zone …