DFSA hits FFA Private Bank with $370,000 fine over system failures

Dubai financial regulator has fined FFA Private Bank (FFA) $373,842 (Dhs1.4m) for having inadequate systems and controls to identify, assess and report trading, which exhibited suspicions of market abuse between February 2018 and March 2021. The Dubai Financial Services Authority (DFSA) said the weaknesses in FFA’s systems and controls meant that the company failed to identify […]

DSO bags 4 accolades from fDi’s Global Free Zones awards 2023

Dubai Silicon Oasis (DSO), the economic zone for knowledge and innovation and a member of the Dubai Integrated Economic Zones Authority (DIEZ), has received four accolades from Financial Times’ fDi Magazine Global Free Zones of the Year Awards. The awards are the Global Free Zone of the Year for SMEs, the Middle East Free Zone […]

Automechanika Dubai 2023: Biggest-ever edition begins at DWTC

More than 1,800 exhibitors from over 60 countries are converging at Dubai World Trade Centre (DWTC) for Automechanika Dubai 2023. This is the show’s largest edition in its two-decade run. The event, which began today (October 2) will run until October 4. It is witnessing a year-on-year growth in exhibitor participation to the tune of […]