An unlicensed Dubai crypto exchange, Shelbit, moved at least $4 billion since May 2024 for Iranian gambling operators and sanctioned state entities, a series of investigations corroborated by Reuters …
UAE FMCG spending rises 3.4% as local brands dominate consumer choices
UAE households made 968 million FMCG brand choices in the past year, with local and regional brands accounting for 67% of consumer reach as penetration emerged as the key growth driver …
How a Dubai Crypto Exchange and Online Gambling Helped Move $4 Billion for Iran
A Dubai crypto exchange and over 2,000 gambling sites moved $4 billion for Iran, aiding sanctions evasion and interacting with the central bank.
UAE to Overhaul How It Prices All Crude Oil After Big Swings
Abu Dhabi National Oil Co., the UAE’s state oil company, said it would change how it prices its crude oil grades, months after wild swings in the benchmark it has been using to underpin its sales.
Gold imports under India, UAE FTA quota remain modest: Official
New Delhi: The utilisation of concessional duty quota for gold imports from the UAE under a free trade agreement with India has remained modest, an official said on Thursday. Under the India-UAE …
UAE visa changes, Dubai property, petrol prices and Golden Visa rules – 10 things you missed this week
From UAE visa reforms and Golden Visa property rules to Dubai real estate, petrol prices, crypto tax changes and millionaire growth, here are the week’s top stories …
Reuters ties Dubai exchange Shelbit to $4 billion Iran sanctions route
An unlicensed Dubai crypto exchange, Shelbit, moved at least $4 billion since May 2024 for Iranian gambling operators and sanctioned state entities, a series …
Iran’s $4 Billion Sanctions Evasion Network: How Gambling Sites and Crypto Were Used
A Dubai-based crypto exchange allegedly processed $4 billion in crypto linked to Iranian gambling websites and sanctions evasion. Here’s how the network allegedly worked.
UAE lists 5 categories of people barred from entering the country
The UAE outlines five categories of foreigners prohibited from entry, detailing judicial and administrative deportation procedures and conditions for re-entry.
Sharjah introduces smart traffic diversions for Al Taawun Tunnel, Etihad Rail projects
The Roads and Transport Authority in Sharjah (SRTA) has implemented a package of qualitative traffic diversions, which achieved noticeable fluidity of …
Ghost Exchange Shelbit moved $4B in Iran sanctions funds through Dubai
Iran crypto sanctions evasion took a new form with Shelbit, a Dubai ghost exchange operating above a budget hotel that processed $4 billion for IRGC-linked wallets, Iran’s central bank, and 2,000-plus …
UAE financial sector proves resilient
The UAE’s financial sector has continued to demonstrate strength and stability despite a challenging regional environment, with banks and financial …
First ‘Harry Potter’ Experience Arrives In Warner Bros. World Abu Dhabi
Four years ago Warner Bros. World Abu Dhabi rocked the industry when it announced it was developing a Harry Potter land. Potter is now making his presence felt in the park.
Bybit Adds Six xStock Assets as Collateral Across Margin Trading, Crypto Loans and Institutional Loans
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, now supports six xStock assets as collateral. The move extends collateral eligibility across three of Bybit’s core lending …
Under directives of UAE President, UAE Year of Award launches
ABU DHABI, 31st July, 2026 (WAM) — Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE Year Of Award has been launched as a national recognition platform …
Reporter’s notebook: In Dubai’s sun and sand, AI, server farms, and optimism bloom
On the ground, it’s clear that the city and emirate is working hard to position itself as a tech hub for the future.
UAE free zones guide: Everything entrepreneurs and investors need to know
Selling in the UAE: A free zone company cannot sell directly to mainland customers. It needs a mainland distributor or a dual licence to do so. Where the company can operate: Mainland companies can …