The 8-day residential program was designed by EIBFS and Oxford University to train and develop outstanding leaders in the financial services industry from the Middle-East Region through three …
Dubai real estate market sees another high on Wednesday with AED2.5bn deals
Wednesday’s property deals included 626 sales transactions worth AED1.54 billion, 102 mortgage deals of AED702.39 million and 49 gift deals amounting to AED270.94 million Dubai real estate market sees …
Dubai records over $680mln in realty transactions on Wednesday
DUBAI: Dubai real estate market recorded 626 sales transactions worth AED1.54 billion, in addition to 102 mortgage deals of AED702.39 million, and 49 gift deals amounting to AED270.94 million on …
UAE stock markets close Wednesday’s session in red zone
The main index of Dubai Financial Market (DFM) lost 1.01 points (0.03%) to close Wednesday’s session at 3,338.88 points. A total of 188.83 million shares were exchanged at a value of AED 334.86 …
UAE property: ‘Should a tenant pay cooling fees if they are not included in the contract?’
I rent an apartment in a building within the Dubai Financial Centre and the landlord was responsible for paying the cooling fees as part of the annual service agreement. However, the building’s …
Dubai records over AED2.5 bn in realty transactions Wednesday
Dubai real estate market recorded 626 sales transactions worth AED1.54 billion, in addition to 102 mortgage deals of AED702.39 million, and 49 gift deals amounting to AED270.94 million on Wednesday, …
UAE Central Bank imposes $525,000 fine on exchange house for compliance failure
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 …
UAE Central Bank imposes financial sanction on UAE exchange house
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 …
Central Bank of UAE imposes $524m fine on exchange house for compliance failure
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.
UAE Central Bank imposes Dh1.9 million penalty on exchange house
Regulator said financial sanctions were imposed on the company after an investigation revealed that it failed to do due diligence …
UAE central bank slaps exchange house with $517,000 fine
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.
UAE ‘global leader’ in financial services innovation
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 …
IPO of Shankar Sharma-backed Droneacharya Aerial Innovations to open next week
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 …
UAE inflation will fall in 2023: Minister
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 …
UAE announces VAT changes in gold, diamond sector
The Ministry of Finance (MoF) today announced the amendment of the VAT treatment on workmanship services when supplying gold and diamonds between Registran..
UAE amends the VAT treatment for labour services when supplying gold and diamonds to registrants in the State
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 …
Ajman Bank signs strategic partnership with KMMRCE Pay
The partnership equips Ajman Bank with the technology to accelerate its digital transformation and enrich its client offering.