WASHINGTON — New York financial regulators on Tuesday hit Dubai’s Mashreqbank with a $100 million fine due to transactions with Sudan that violated US sanctions, officials said.The fine was one of …
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Jersey and United Arab Emirates sign business deal
Jersey and the United Arab Emirates (UAE) have struck a new business deal, Jersey’s government has said. It has taken officials since 2018 to reach an agreement over the bilateral …
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Sheikh Maktoum meets Dubai-based businessmen to enhance public, private partnership
Sheikh Maktoum took Twitter to make the announcement. التقيت بمجموعة من رجال الأعمال وناقشنا سبل تعزيز الشراكة بين القطاعين الحكومي والخاص. لقاءاتنا مع رجال الأعمال مستمرة وفق نهج وتوجيه الشيخ محمد بن …
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Fitch Affirms Abu Dhabi Commercial Bank at ‘A+’; Outlook Stable
Fitch Ratings has affirmed Abu Dhabi Commercial Bank PJSC’s (ADCB) Long-Term Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook and Viability Rating (VR) at ‘bb+’. ADCB’s IDRs reflect an …
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UAE companies step up ESG compliance, look towards sustainable future
The efforts are in line with the nation’s vision to drive the sustainability agenda through strategic development policies …
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UAE, Jersey sign agreement on mutual promotion, protection of investments
Al Hussaini reaffirmed the UAE’s keenness to bolster its relations with various countries of the world by signing such agreements.
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UAE signs historic business pact with Jersey
The UAE signed a historic investment pact with Jersey on Wednesday to “help facilitate” financial flows between the two and offer investors “better protection”. The agreement – Jersey’s first …
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UAE calls for inclusive climate action that drives sustainable economic growth
(MENAFN- Emirates News Agency (WAM)) GLASGOW, 10th November, 2021 (WAM) — Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change, delivered …
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UAE – Experian Finds 25 Percent Increase in Online Activity Since Covid-19
Wednesday 10 November 2021 [ AETOS Wire ] (BUSINESS WIRE ) — The pandemic-accelerated increase in digital transactio …
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Captain Smart apologizes to Mahama over Dubai house, bank account allegations
Captain Smart has apologized to John Mahama over allegations of corruption • The former president is said to have acquired houses in Dubai years ago • The journalist says …
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Superjet Tours celebrates 15 years in the UAE
Exclusive packages launched for UAE residents just in time for the holiday season Superjet Tours, a subsidiary of Superjet Group, marked its 15th year anniversary in the UAE earlier this week.
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Egypt has not decided on when to sell sukuk, finance minister says
DUBAI, Nov 10 (Reuters) – Egypt has not decided when it would sell sukuk, or Islamic bonds, but expects the legislation needed to regulate the issuance will be ready by the end of the month, finance …
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Dubai’s Mashreqbank hit with $100 mln fine in US over Sudan sanctions
New York financial regulators on Tuesday hit Dubai’s Mashreqbank with a $100 million fine due to transactions with Sudan that violated US sanctions, …
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Mashreq Bank reaches deal with US authorities, will pay $100m penalty
Dubai: Mashreq Bank has reached a settlement with authorities in the US over dollar-related transactions that ‘primarily took place a decade ago’. As per this deal, Mashreq will pay a penalty of $100 …
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Jobs in UAE: Bank hiring sales officers, salary up to Dh5,000
Walk-in-interviews to recruit sales officers for credit cards for a leading UAE bank will take place in Dubai next week. The selected candidates will be offered a salary up to Dh5,000 plus other …
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UAE’s Mashreq posts 24.7% dip in net profit for first nine months of 2021
UAE lender Mashreq has reported a net profit of Dhs265m for the first nine months of the year, marking a dip of 24.7 per cent compared to Dhs352m recorded a year earlier. Its operating income …
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U.S. Treasury Department says UAE bank Mashreqbank violated Sudan sanctions
The U.S. Department of Treasury said on Tuesday that United Arab Emirates bank Mashreqbank PSC had violated sanctions against doing business with Sudan.
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