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ArabicUAE’s Dana Gas accrued $32mln in interest on Iran’s NIOC award
The UAE-based energy firm Dana Gas said on Monday its portion of interest accrued on an international arbitration tribunal award of $607.5 million in a gas supply dispute with National […]
Central Bank of UAE revokes licence of ‘Dollar Exchange’ house
The Central Bank of the UAE (CBUAE) has revoked the licence of Dollar Exchange, an exchange house operating in the UAE and struck off its name from the Register, pursuant […]
RTA to tow, impound vehicles found violating traffic rules
The Roads and Transport Authority (RTA) of Dubai on Monday said it signed an agreement with Emirates Parking which allows the Authority to impound vehicles that violate the laws. Under […]
UAE Central Bank issues new guidelines to combat money laundering
The UAE Central Bank has issued new guidelines for licenced financial institutions, including banks, finance companies, exchange houses and insurance companies, agents and brokers, to combat money laundering and the financing […]
Dubai regulator upholds $135.6mln fine on Abraaj founder and former CEO
Dubai’s financial regulator said on Tuesday it upheld a $135.6 million fine on collapsed private equity firm Abraaj Group’s founder and former CEO Arif Naqvi “for his serious failings” in […]
UAE: Abu Dhabi Judicial Department’s Foreign Experts Court examines 200 cases with total claims of over $816mln
The Foreign Experts Court of the Abu Dhabi Judicial Department (ADJD) has managed to maintain high adjudication rates in the cases brought before it over three years since […]
UAE central bank sanctions exchange house for renting out licence
The Central Bank of the UAE (CBUAE) has sanctioned an exchange house operating in the country for allegedly renting out its licence. The administrative sanctions have been imposed on the […]
Mohammed bin Rashid issues law affiliating Dubai Media Inc. to Dubai Media Council
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has issued Law No. (6) of 2022 affiliating […]
UAE: $217 fine for motorists fixing make-up, using phone, eating while driving
Abu Dhabi Police have warned drivers against activities that would distract them from the road while driving, which may cause serious road accidents. These habits include eating, fixing make-up for […]
Dubai: Issue involving Emaar CEO in India now solved, says spokesperson
Dubai’s Emaar Properties is aware of a media report that its Group Chief Executive Amit Jain has been detained in India, a spokesperson for the company said on Saturday. “Emaar […]
