by admin | Sep 9, 2022 | Business
The rise in realty transactions continue with the total transactions hitting over AED 2.4 billion on Monday, September 5. The deals registered on Monday included 568 sales transactions amounting to AED 1.37 billion, additionally 93 mortgage deals were recorded...
by admin | Sep 5, 2022 | AML
Five financial institutions have been fined by Abu Dhabi Global Market’s Financial Services Regulatory Authority for breaching reporting requirements. The FSRA has imposed penalties and administrative fees ranging from Dh30,000 to Dh119,000 ($8,169 to $32,403)...
by admin | Aug 31, 2022 | AML
The FSRA found that Wise did not establish and maintain adequate AML systems and controls to ensure full compliance with its AML obligations in that it did not: – Identify and verify the source of funds (SOF) and the source of wealth (SOW), as part of the...
by admin | Aug 30, 2022 | Business
During President Sheikh Mohamed’s first address to the nation, he placed economic diversification front and centre of his vision for the UAE. He cited a next-generational approach to growth, one focused on attracting and developing business to keep the UAE ahead of...
by admin | Aug 29, 2022 | Business
The Middle East and North Africa’s one trillion-dollar retail market is passing through a transformation as eCommerce and connected commerce (cCommerce) gained popularity and may serve up to 40 per cent of the retail spend and serve more than 20 million micro, small...
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