Hawala Money Laundering: Six fined Dh350,000

ABU DHABI 16 December 2021: The Central Bank of the UAE (CBUAE) imposed financial sanctions totalling Dh350,000 on six Hawala providers operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. […]

Overseas Pakistanis send record $29.4 billion home

ISLAMABAD 16 July 2021: The overseas Pakistani workers’ remittances posted a historic annual high of US$29.4 billion during the year 2020-21 (Jul-Jun), showing an increase of 27 percent when compared with the preceding years’ remittances […]

50% UAE residents stopped or cut savings

DUBAI 17 December 2020: New research* from Quilter, the wealth manager, reveals that the Covid-19 pandemic has caused more than half of people in the UAE to reduce how much money they save or stop […]

Abu Dhabi issues US$7 billion in multi-tranche bonds

ABU DHABI 20 April 2020: The Emirate of Abu Dhabi on 8th April 2020 priced a US$7 billion multi-tranche international bond offering, which attracted strong interest from international investors. The transaction comprised of three tranches: […]

New employee workplace savings plan unveiled

DUBAI 22 January 2020: The Dubai International Financial Centre (DIFC), yesterday announced the final details ahead of the launch of its new DIFC Employee Workplace Savings Plan (DEWS), that will secure the financial future of […]

Abu Dhabi aims to become ‘Green Bond’ hub

ABU DHABI 18 January 2020: The Abu Dhabi Department of Energy (DoE), has announced a new Green Bond Accelerator initiative. The Green Bond Programme is a joint initiative between DoE, Abu Dhabi Global Market (ADGM) […]

Money remains the biggest conversation taboo

DUBAI 22 November 2019: Money is a bigger taboo than sex, religion or politics, according to a survey by one of the world’s largest independent financial advisory organizations. In the global survey, conducted by deVere Group, […]

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