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...
by Danissa Guotana | Sep 28, 2023 | Business
The cryptocurrency value received by the UAE was nearly $34.9 billion from July 2022 to June 2023, a recent report showed. According to figures from Chainalysis, the blockchain data platform, the majority (67 per cent) of cryptocurrency transactions in the UAE were...
by Danissa Guotana | Sep 21, 2023 | AML
The UAE seized and confiscated assets worth more than Dh1.3 billion ($354 million) from March to mid-July 2023, as it stepped up its fight against money laundering and the financing of terrorism, a top official said. The Emirates also issued fines totalling Dh199...
by Danissa Guotana | Sep 8, 2023 | Business
The UAE is participating in the 18th summit of the Group of Twenty (G20) leaders, which is being held in New Delhi on 9-10 September, with the aim of boosting international cooperation and achieving sustainable economic prosperity. The UAE’s participation in...
by Danissa Guotana | Sep 8, 2023 | AML
Authorities have suspended 50 companies in the UAE after they failed to register with the government’s anti-money laundering system. The Ministry of Economy froze the operations of the entities for the third quarter of 2023, state news agency Wam...
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