by Danissa Guotana | Oct 6, 2023 | AML
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) on Wednesday said it imposed a penalty of $486,000 (Dh1.784 million) on money service provider Pyypl Ltd (Pyypl) for not adhering to anti-money laundering (AML) requirement. The...
by Danissa Guotana | Oct 6, 2023 | Business
Dubai: The UAE and India have signed a Memorandum of Understanding (MoU) aimed at strengthening their cooperation in sustainable industrial development. This agreement is in line with the UAE-India Comprehensive Economic Partnership Agreement (CEPA), which seeks to...
by Danissa Guotana | Oct 2, 2023 | Business
Ahmed Bin Byat, vice-chairman of the Dubai Chamber of Digital Economy, said that the partners are mainly governmental services providers who have specifically designed a suite of services for digital companies, which will not just be cost-effective but more efficient...
by Danissa Guotana | Sep 28, 2023 | Business
Abu Dhabi: The UAE economy is forecast to grow 3 per cent in 2023 and 4 per cent in 2024, driven by the non-oil sector, which is expected to benefit from strong growth in tourism, government initiatives, and technological advancements, according to S&P. In...
by Danissa Guotana | Sep 28, 2023 | Business
Abu Dhabi: Institutional investors are optimistic about the UAE stock market, as evidenced by their net purchases of nearly Dh8 billion in local shares during the first nine months of 2023. This trend is driven by a number of factors, including the availability of...
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