By Eva Maria Kullmann, Chairwoman of Ancova Capital Management, and Enis Sljivo, Managing Partner of Ancova Associates DUBAI, UAE / ACCESS Newswire / March 14, 2025 / For many high-net-worth …
UAE jails 80 members of fraud gang, life-terms and $272,000 fines for ‘Bahloul Gang’
The UAE has jailed members of a criminal gang for life and fined others AED1m ($272,000) for organised crime offences, using weapons and extorting money.
UAE, Egypt, Saudi Arabia finance startups lead Forbes Middle East Fintech50
Some 119 fintech startups across the Middle East and North Africa raised $700 million in 2024, accounting for 30% of the total MENA startup funding for last year.
Sharjah Children’s Book Awards offers Dhs110,00 prizes
The Sharjah Children’s Reading Festival, organised by the Sharjah Book Authority, continues to accept submissions for the Sharjah Children’s Book Award, …
Abu Dhabi court sentences ‘Bahloul Gang’ to life in prison, Dh1 million fine for money laundering
The Abu Dhabi Federal Court of Appeal State Security Division on March 14 convicted members of the notorious “Bahloul Gang” and handed down sentences ranging from life imprisonment to fines and …
UK enrages Sudanese army by inviting UAE to London peace conference
Sudan’s army-aligned government tells MEE that presence of Rapid Support Forces patron will ‘render the conference little more than a public relations stunt’ …
NMDC Energy wins $2.64bn Lower Zakum offshore oil project contract
MEED reported in February that Adnoc Offshore had selected contractors for the three main EPC packages for the estimated $7.5bn Lower Zakum Long-Term Development Plan-1 project …
UAE weather: Rain forecast with chance of fog
The UAE will see rain towards the end of the weekend and into next week, according to the latest forecast. The National Centre of Meteorology (NCM) shared a forecast for the UAE until Tuesday, March …
Ripple gains licence for crypto payments in UAE
Ripple has become the first blockchain payments firm to secure a licence from the Dubai Financial Services Authority (DFSA). This is the firm’s first licence in the Middle East, and enables the firm …
UAE bank employees surpass 39,000 for first time since 2015
Statistical Bulletin – Banking and Monetary Statistics – December 2024, released today, showed that as of the end of 2024, the total number of bank employees reached 39,046 …
UAE banks have more than 39,000 employees for first time since 2015
The number of employees in UAE banks has exceeded 39,000 for the first time since 2015, according to data from the Central Bank of the United Arab Emirates. A monthly statistical bulletin, showed that …
No official visa ban on Pakistanis, UAE clarifies
The United Arab Emirates (UAE) has confirmed that there is no official visa ban on Pakistani nationals, Pakistan’s Ministry of Foreign Affairs (MoFA) informed the National Assembly in a letter, local …
Americans Are Racing to Secure Foreign Residency. These ‘Golden Visa’ Hot Spots Are Benefiting.
Programs in Greece, Malta and Dubai are growing in popularity, while residency specialists also see a surge in British clients as well …
Sharjah Children’s Book Awards offers AED110,00 prizes
The Sharjah Children’s Reading Festival, organised by the Sharjah Book Authority, continues to accept submissions for the Sharjah Children’s Book Award, the Sharjah Audio Book Award, and the Sharjah …
Israeli settler leaders hail cooperation with UAE in first trip to Abu Dhabi
A group of Israeli settler leaders visited the United Arab Emirates (UAE) and met senior government officials earlier this week, according to Israeli media. The settler delegation discussed …
UAE satellite: Mohammed Bin Rashid Space Centre to launch Etihad-SAT on Saturday, March 15
The UAE will launch its first Synthetic Aperture Radar (SAR) satellite on Saturday, March 15. The Mohammed Bin Rashid Space Centre (MBRSC) announced that Etihad-SAT is scheduled for launch from the …
Ripple Obtains DFSA Licence for UAE Crypto Payments
Ripple becomes the first provider to offer regulated crypto payments in UAE following Dubai regulator approval …