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 […]
Sheikh Hamdan launches ‘Dubai Program for Gaming 2033’
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai has launched “Dubai Program for Gaming 2033”, an initiative that seeks to position the city among the top 10 cities in the global gaming industry. The initiative is aimed at significantly increasing the sector’s contribution […]
DGCX launches GCC’s 1st Shari’ah Compliant Silver Spot Contract
The Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives exchange in the Middle East, has launched GCC’s first Shari’ah Compliant Silver Spot Contract (DSSC), to provide investors with a reliant and transparent platform for trading the white metal. Having received regulatory approval from the UAE Securities and Commodities Authority (SCA), the […]
DP World to operate multi-purpose Dar Es Salaam Port in Tanzania
DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernize the multi-purpose Dar es Salaam Port, connecting Tanzania and the wider region to global markets. The concession to operate and modernize the Dar es Salaam Port was awarded to DP World with the primary objective of optimizing […]
Moro Hub partners with Dubai Healthcare City Authority
Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority, has entered into a strategic collaboration with Dubai Healthcare City Authority (DHCA), the governing body of Dubai Healthcare City (DHCC), to offer its Integrated Physical Security Platform (IPSP) solutions. This achievement marks a significant leap forward in healthcare security […]
Future Blockchain Summit 2023 to fuel Web3 revolution
Future Blockchain Summit 2023, the premier global blockchain exhibition, will kick off on 15th October at its new venue, Dubai Harbour. The Middle East’s largest superyacht hub will welcome the entire blockchain and crypto ecosystem, gathering more than 150 exhibitors, regulatory authorities, and governments from over 50 countries. The Summit will conclude on 18th October, […]
Dubai Electronic Security Centre upgrades RZAM cybersecurity app
The Dubai Electronic Security Center (DESC), one of the entities under the Digital Dubai umbrella, has announced new features and updates to the RZAM cybersecurity application, which was launched during the Gulf Information Security Expo and Conference (GISEC) exhibition in March 2023. RZAM application is a web browser extension that continually assesses each webpage for […]
Flydubai to resume flights to Kabul
Dubai-based carrier flydubai will resume flights to Kabul International Airport (KBL) in Afghanistan next month. From November 15, 2023, the carrier will operate a double-daily service from Terminal 2 at Dubai International (DXB). The schedule of these flights is below: Flight Number Departure Airport Arrival Airport Departure Time Arrival Time FZ 301 DXB KBL 04:25 […]
Dubai Municipality launches world’s first 3D printing certification for construction industry
Dubai Municipality has launched the world’s first system for 3D printing certification and conformity in the construction industry, reported state news agency WAM. The step plays a pivotal role in advancing Dubai’s leading position as the world’s first city to adopt a conformity marking strategy for 3D printing used for construction and regulate this cutting-edge and […]
Lulu opens 72,000 square feet hypermarket in Dubai Mall
Lulu Group, a prominent retail chain, marked its expansion by opening a new branch at the iconic Dubai Mall on Monday. Covering a sprawling 72,000 square feet, this state-of-the-art outlet aims to cater to the needs of millions of visitors to the mall. This latest addition has increased Lulu Group’s store count in Dubai to […]