by PREMA Team | Aug 30, 2024 | AML
ABU DHABI, 23rd February, 2024 (WAM) — Ahmed Jasim Al Zaabi, Chairman, Abu Dhabi Department of Economic Development (ADDED), said that the announcement of the Financial Action Task Force (FATF) on the UAE’s completion of all 15 recommendations of its...
by PREMA Team | Aug 29, 2024 | Business
A recent analysis by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that Indian investors topped the list of new non-Emirati companies joining the chamber during the first half of this year, with 7,860...
by PREMA Team | Aug 29, 2024 | Business
The UAE asset management sector is booming as number of licensed companies surged 83 per cent and total value of portfolios reached AED35bn ($9.5bn). The Securities and Commodities Authority (SCA) reported a strong surge in Assets Under Management...
by PREMA Team | Aug 23, 2024 | Business
ABU DHABI, 22nd August, 2024 (WAM) — The Central Bank of the UAE (CBUAE) has revoked the license of Muthoot Exchange, an exchange house operating in the UAE, and struck its name off the Register, pursuant to Article 137 (1) of the Decretal Federal Law No. (14)...
by PREMA Team | Aug 20, 2024 | Business
In a landmark ruling, a Dubai court has ordered a company to pay an employee’s outstanding dues in UAE currency and cryptocurrency as agreed in the contract. This came after the employee filed a case of arbitrary dismissal against the company. The ruling by the Dubai...
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