Exchange house slammed with $1.4 million fine by Central bank of UAE for compliance gaps : Exchange house slammed with $1.4 million fine by Central bank of UAE for compliance gaps The Central Bank of the UAE recently slammed a fine on an exchange house within the country for failing to comply
UAE
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UAE Announces Plan to Build Space Satellite with $820 Million Investment Fund : UAE Announces Plan to Build Space Satellite with $820 Million Investment Fund The UAE has announced its plans to launch a comprehensive space program. The program includes plans to land on an asteroid, explore Venus, and probe the Martian orbit. These plans […]
UAE Reveals New and Stricter Laws for Gold Sourcing: Penalty as High as Dh5 Million : UAE Reveals New and Stricter Laws for Gold Sourcing: Penalty as High as Dh5 Million The UAE’s Ministry of Economy recently released a policy containing best practices for sourcing gold in the UAE. The policy also enforces stricter penalties […]
Visa and Dubai Health Authority (DHA) Sign Pact to Facilitate Emirate’s Tourism Industry : As part of the DHA’s broader plans to boost health tourism in Dubai, the Authority has signed a new Memorandum of Understanding with Visa. According to the DHA, the collaboration with the global payments company aims to promote Dubai as a […]
UAE Set to Launch First-ever Metaverse Hospital : UAE Set to Launch First-ever Metaverse Hospital The United Arab Emirates (UAE) has announced that it will be launching the first hospital in the metaverse. This virtual hospital is set to go live in October. The healthcare provider, Thumbay group, would manage the virtual hospital. Notably, this hospital […]
Kraken and Rakbank Partners to Enable UAE Crypto Trading in Dirham : Kraken and Rakbank Partners to Enable UAE Crypto Trading in Dirham Kraken, a leading cryptocurrency exchange, has partnered with Rak Bank to enable crypto trading through Dirhams. Kraken is a global crypto exchange that facilitates the trading of crypto. Kraken was the first […]
Dubai’s Virtual Assets Regulatory Authority (VARA) has recently granted OKX a provisional virtual assets license. This license allows OKX to extend its operations to Dubai. Notably, OKX is a Seychelles-based cryptocurrency exchange formerly known as OKEx. The company specializes in facilitating crypto spot and derivatives trading. This approval-in-principle allows
Malaysia’s sustainable agriculture sector has launched a new initiative to use the UAE as a springboard to penetrate new markets across the GCC region in particular, and the wider Middle East region at large. Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation), the lead development agency for the bio-based industry in Malaysia, launched the new
One of the world’s largest and most technologically advanced construction chemicals factories is to be set up in the UAE in the next three years, following the merger of the UAE-based Al Muqarram Industry (AMI) with the Belgium headquartered Soudal Group.
The numbers speak for themselves: 100,000+ retail offers, 90,000+ retail outlets, 24+ banks, 400+ bank cards. All this in the space of just seven months! With ‘Easy Access to Offers as its tagline, Hundred – the Dubai-based mobile app and web platform startup – is addressing the pain points of UAE residents by conveniently super […]
As the UAE progressively opens up to blockchain technology and cryptocurrencies, global players are increasingly making a beeline to the Gulf state, to set up regional offices and begin trading operations in government-endorsed free zones specially set up for the purpose. One such global entity is New York-based Future Fintech Group (NASDAQ: FTFT), a leading […]
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Dubai, AE
4:06 pm,
February 15, 2025
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