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UAE: Earn 3% bonus ICV points for adopting sustainable practices

UAE: Earn 3% bonus ICV points for adopting sustainable practices

by Danissa Guotana | Oct 19, 2023 | Business

A new initiative has been launched to drive sustainability and decarbonisation across industries in the UAE. Companies can now obtain bonus in-country value (ICV) points if they commit to implementing sustainability-related standards and policies. The Ministry of...
UAE: Payment platform fined over Dh1.7 million for violating anti-money laundering laws

UAE: Payment platform fined over Dh1.7 million for violating anti-money laundering laws

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...
UAE, India ink deal to boost investment and collaboration in advanced technologies

UAE, India ink deal to boost investment and collaboration in advanced technologies

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...
Dubai: All-in-one platform launched to provide financing, licensing, co-working spaces for startups

Dubai: All-in-one platform launched to provide financing, licensing, co-working spaces for startups

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...
UAE economy to grow 3% in 2023, 4% in 2024: S&P

UAE economy to grow 3% in 2023, 4% in 2024: S&P

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...

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