August 12, 2024 – VAST Data, the AI data platform company, today named Amy Shapero as its first ever Chief Financial Officer (CFO). As the company prepares for its next stage of growth, this strategic …
UAE Central Bank sanctions insurance company for regulatory violations, cites data policy breach
The Central Bank of the UAE (CBUAE) imposed an administrative sanction on an insurance company operating in the UAE. The sanction is pursuant to Article 33 (2) (a) of the Federal Decree-Law No. (48) …
DMCC: Dubai free zone accounts for 15% of FDI, 7% of GDP and targets real estate and AI growth
Dubai free zone DMCC now accounts for 15 per cent of FDI and 7 per cent of DDP in the emirate, according to newly announced key performance results across the first half of 2024. In the first half of …
Dubai’s Parkin Q2 net profit up 7% on higher revenue
Dubai’s Parkin Co., which listed on Dubai’s DFM in March this year following an IPO, posted a Q2 net profit of 95 million dirhams ($26 million), up 7% as revenue rose. The company which operates …
Nasdaq Dubai welcomes $500 million Sustainability Sukuk by Kuwait’s Warba Bank
Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate …
Nasdaq Dubai welcomes $500 million Sustainability Sukuk by Kuwait’s Warba Bank
Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate …
UAE approves $692m real estate tax refunds
to receiving the refunded amount in the applicant’s bank account.” Statistics from the Federal Tax Authority reveal a notable increase in the number and total value of approved applications since the …
Unprecedented rain in Dubai raises questions
The UAE Central Bank, on the other hand, has confirmed that insurance claims will be provided for damaged homes and vehicles if the party holds a comprehensive insurance policy against loss and damage …
UAE: Central Bank warns insurance firm for deficient policies, procedures
The authority last month revoked the licence of Galaxy Insurance Broker and struck its name off the register after failing to comply with regulatory obligations …
UAE insurer warned for violating norms on personal data collection
A UAE-based insurer has been issued with a warning and sanctioned for violating regulations on the collection of personal data.
UAE insurer warned for violating norms on personal data collection
A UAE-based insurer has been issued with a warning and sanctioned for violating regulations on the collection of personal data.
UAE announces new anti-money laundering and terrorism law
UAE introduces Federal Decree-Law on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations …
UAE forms committee to oversee money-laundering, terror financing
The amendments include the establishment of the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations, to be formed by a Cabinet …
UAE forms committee to oversee money-laundering, terror financing
The amendments include the establishment of the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations, to be formed by a Cabinet …
Dubai Investments PJSC reveals robust Q2 profit, highlights future projects
Dubai Investments PJSC, a prominent company listed on the Dubai Financial Market, announced a net profit of AED 289 million for the second quarter of …
Al Ansari Financial Services reveals lower profits for first half of 2024
Al Ansari Financial Services, which is listed on the Dubai Financial Market, has released its financial results for the first half and second quarter …
UAE amends anti-money laundering laws
The UAE’s laws on anti-money laundering and the financing of terrorism and illegal organisations have been amended, the government has announced. The amendments are designed to support efforts to …