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 …
UAE: Can bank customers recover money lost in unauthorised card transactions?
Furthermore, the financial institutions in the UAE are obligated to educate their customers and the the public about financial crimes. This obligation is under Clause 6.2.2.6 of the Consumer …
UAE Pioneers Digital Asset Regulation in Islamic Finance
Arabian Post Staff The United Arab Emirates is emerging as a front-runner in the realm of Islamic finance, particularly through its innovative approach to digital asset regulation. As financial …
UAE Suspends 32 Gold Refineries in Anti-Money Laundering Initiative
The United Arab Emirates (UAE) announced the temporary suspension of operations at 32 gold refineries as part of a sweeping effort to combat money laundering and related financial crimes. According …
ICAEW partners with UAE Banks Federation to help firms navigate booming digital assets landscape
The partnership aligns with the UAE’s advanced Central Bank Digital Currencies (CBDCs) pilot, as the digital assets market nears $80 billion by 2024 …
UAE-based Company lodges ‘extortion claim’ against Ecobank
A United Arab Emirate based Company, Agrico Agbe has lodged extortion claims with the Central Bank of Nigeria against Ecobank Transnational Incorporated, a subsidiary of Ecobank specialized in …
Spinneys Reports Highest Ever First-Half Revenues Of Dh1.6 Billion
Spinneys one of the UAE’s leading fresh food retailers, on Thursday announced that first-half revenues reached a record high of Dh1.6 billion, incr …
Spinneys posts record 9.9% revenue growth in H1 2024, announces first post-IPO dividend
Spinneys’ board has approved its first post-IPO interim dividend of AED102.6 million, equivalent to 2.85 fils per share, representing 70 percent of distributable profits …