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CBUAE imposes financial sanction on UAE bank, slaps Dh5 million fine

by PREMA Team | Sep 17, 2024 | AML

The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank operating in the UAE. The decision is pursuant to its law on anti-money laundering and combating the financing of terrorism and illegal organisations. The CBUAE has fined the bank Dh5...

Dubai AI, Web3 festival concludes with launch of new initiatives

by PREMA Team | Sep 16, 2024 | Business

The Dubai AI and Web3 Festival, organized by the Dubai AI Campus in partnership with DIFC and the Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Office, has concluded its inaugural event. The two-day gathering...

UAE-India bilateral trade rises 15% in 2 years of CEPA: Council official

by PREMA Team | Sep 13, 2024 | Business

Bilateral trade between the UAE and India has increased by nearly 15 per cent over the past two years since the signing of the Comprehensive Economic Partnership Agreement (CEPA), a senior functionary of the UAE-India CEPA Council said. While the Emirates’...

Dubai International Financial Centre announces Funds Centre to attract wealth and asset managers

by PREMA Team | Sep 12, 2024 | Business

Dubai International Financial Centre has announced a new Funds Centre as it looks to attract high-net-worth-individuals and companies to the city. DIFC has several updates to further solidify its position as the premier choice for wealth and asset management...

UAE Media Council approves 670 licenses for radio, TV, newspapers and magazines; 339 films; 73 video games and 230 content creators

by PREMA Team | Sep 11, 2024 | Business

The UAE Media Council has overseen growth in publishing and broadcast sectors as it regulates licenses for print and entertainment sectors. The UAE Media Council has announced that it has successfully facilitated the entry of nearly half a million...

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