If the fine remains unpaid, VARA shall determine consequential actions warranted against OPNX, including further fines, penalties, and charges.
Dubai Regulator Fines 3AC Founders’ New Exchange $2.7M
Dubai’s top financial regulator VARA issued a $2.7 million fine to OPNX in May. The fine was imposed in May and remains unpaid.
Dubai property prices: Palm Jumeirah villas up 146% since 2020, sector growth expected
The price of buying property in Dubai shows no sign of slowing down, with real estate witnessing 10 successive quarters of growth Dubai property prices: Palm Jumeirah villas up 146% since 2020, sector …
COP28 UAE Presidency: Leading economists set out crucial next steps to reform int’l climate financing
COP28 Presidency has delivered consensus on the next key steps needed to establish a new framework for international climate financing and to drive progress at COP28 and beyond.Economists from the …
Harnessing COP28 to supercharge the UAE’s impact investing agenda
It’s time to deploy the sustainability narrative Harnessing COP28 to supercharge the UAE’s impact investing agenda COP28, Dubai, environmental impacts, Impact Investing, social impact, UAE Opinion …
$1 t-shirts in Dubai: Massive deals as shoppers buy by kilogram
Fashionistas will be delighted to learn that six t-shirts make up a kilogram, and each costs Dh4. It is very economical and residents can stock up on their favourite apparel products without going …
Finance House Group Announces H1 2023 Financial Performance
Finance House Group Announces H1 2023 Financial Performance Abu Dhabi – August 15, 2023: Leading UAE financial institution Finance House PJSC today re …
Huawei Appgallery And Leading Banking Apps In The Uae: A Strategic Partnership For The Future Of Banking
Huawei Mobile Services (HMS) has achieved a remarkable success by forging strategic partnerships with prominent banking apps in the UAE, includin …
Is the dollar being dethroned? India just bought 1M barrels of oil from the UAE using rupees instead of USD for the first time ever — why this could spell doom for the greenback
India and the United Arab Emirates (UAE) have officially started trading with each other in their local currencies. The Indian government announced on Monday that the country’s leading petroleum …
Berkeley Assets reveals benefits of pre-listing IPO investments for UAE market
Private Equity firm sees increasing interest in pre-listing and IPO opportunities across the global and regional markets …
UAE sign $500 million agreement to supply wheat to Egypt
Egypt, a major commodity buyer, suffered a foreign currency crisis after the war in Ukraine sent shockwaves through its economy – Click the link for more details.
Egypt signs 500-mln-USD financing deal with UAE to import wheat
CAIRO, Aug. 15 (Xinhua) — The Egyptian Ministry of Finance on Tuesday signed a 500-mln-U.S. dollar five-year financing agreement with the Abu Dhabi Exports Office (ADEX) of the United Arab Emirates …
HSBC names head of global private banking in Kuwait
Before joining HSBC in Kuwait, Kazerooni worked for Bank of London and the Middle East’s Dubai branch. To expand the bank’s operations in Kuwait, he will collaborate closely with HSBC’s …
Demand for EVs, hybrid cars rise among UAE travellers
With 84% of road trippers citing sustainability as an important factor when hiring a car, the interest in hybrid and electric cars is high. Almost half (41%) of UAE travellers surveyed have hired an …
Ajman Bank Introduces Google Pay To Offer Its Customers A Seamless Digital Payment Experience
Ajman Bank, one of the leading Shariah compliant banks in the UAE, has introduced Google Pay for its Debit, Credit Cardholders for both Android a …
Emirates Islamic wins award for ‘Best Islamic Real Estate Deal’ at the Euromoney Islamic Finance Awards 2023
Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that it has received the ‘ Best Islamic Real Estate Deal’ award at the prestigious Euromoney …
UAE national banks provide Dhs745.5bn in financing by May-end
UAE central bank said the business and industrial sectors received credit financing mostly from traditional banks.