UAE’s Executive Office of AML/CFT hosts 2nd National Risk Assessment workshop
The UAE Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism (EO AML/CFT) has begun the second workshop of the UAE’s 2022/23 Money Laundering/Terrorist Financing (ML/TF) National Risk Assessment (NRA) in collaboration with the World Bank Group. Over this week, all relevant UAE authorities discussed, identified and evaluated Money Laundering/Terrorist Financing (ML/TF) risks […]
Emirati Human Resources Development Council organizes Emirates ‘Open Career Day’
The Emirati Human Resources Development Council (EHRDC) has successfully organized an Open Career Day at Um Suqeim Majlis, in collaboration with the Ministry of Human Resources and Emiratization, the NAFIS program, the Dubai Community Development Authority and The Dubai College of Tourism (DCT). The event aimed to provide Emirati candidates with direct access to a […]
Black Cobra signs MoU with OSTIM to bolster defense & aerospace sectors
Abu Dhabi-based tactical gear manufacturer, Black Cobra Military Supplies (BCMS) has signed a Memorandum of Understanding (MOU) with OSTIM Defense and Aerospace Cluster in Ankara (OSSA), Republic of Turkey, to create significant opportunities for growth and innovation in the defense and aerospace sectors. The MoU further intends to foster advancements in technology and promote cooperation […]
KEZAD & Al Jazeera Steel breaks ground for Abu Dhabi’s 1st rolling mill
Khalifa Economic Zones Abu Dhabi (KEZAD Group), the integrated trade, logistics and industrial hub of Abu Dhabi, and Al Jazeera Steel Products Co, has held the groundbreaking ceremony of the region’s first Rolling Mill with Rail production capability in Abu Dhabi. The groundbreaking marks the beginning of a new era of industrial development in the […]
Swiss firm Fortimo unveils its 1st build-to-buy residential project in Dubai
Switzerland-based leading property developer Fortimo has announced its first residential build-to-buy development in the UAE. Together with local development partner Eaglewing Projects and exclusively presented by OCTA Develop, Fortimo has unveiled The Golf Residence, a 10-story residential complex with 2 parking floors in the heart of Dubai Hills, overlooking a stunning 18-hole golf course and […]
ADGM’s FSRA grants financial services permission to crypto exchange Rain
Cryptocurrency exchange platform Rain has been granted Financial Services Permission (FSP) by Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) in order to operate a regulated virtual assets brokerage and custody service in the ADGM. The FSP will cement Rain’s position as one of the leading regulated virtual assets trading platforms in the […]
Emirates Islamic bags ‘Most Innovative Sukuk’ award by The Banker
Emirates Islamic has won the ‘Most Innovative Sukuk’ award, presented by the globally renowned Financial Times’ monthly publication, The Banker, for its inaugural AED 1 billion dirham-denominated sukuk. Emirates Islamic recently announced the successful pricing of its inaugural AED 1 billion ($272 million) dirham-denominated sukuk, the first such dirham sukuk issuance by a UAE bank. […]
e& enterprise and Tap Payments to offer unified digital payment solutions
UAE-based e& enterprise and Tap Payments have entered into a strategic partnership aimed at revolutionizing the digital payments landscape. The collaboration combines the strengths and expertise of both organizations to create an extensive payment acceptance ecosystem with unique features tailored to regional markets. The strategic alliance between e& enterprise and Tap Payments empowers businesses of […]
UAE allots $100m to support countries affected by ‘irregular migration’
The UAE has allocated $100m (Dhs367m) to support development projects in countries affected by irregular immigration, including backing initiatives proposed in the Rome Process. The announcement was made by UAE’s President Sheikh Mohamed bin Zayed Al Nahyan at the International Conference on Development and Migration in Rome on Sunday, according to state news agency WAM. […]
UAE chases 7% growth to double economy to over $800bn
The United Arab Emirates is looking to accelerate economic growth as it seeks to double its gross domestic product to over $800b by the end of the decade. “The focus is to grow by 7 per cent,” Abdulla bin Touq Al Marri, the country’s economy minister, said in an interview with Bloomberg Television. “We need […]