IMF, World Bank to help members with Covid-19

WASHINGTON 3 March 2020: International Monetary Fund (IMF) Managing Director Kristalina Georgieva and President of World Bank Group David R. Malpass, on Monday said they stand ready to help member countries address the human tragedy […]

$2 billion sukuk listed at Nasdaq Dubai by IDB

DUBAI 2 March 2020: Nasdaq Dubai welcomed the listing of a US$2 billion sukuk by the Islamic Development Bank (IsDB), a multilateral lender which finances development across its 57 member countries. The five-year sukuk is […]

Mohammed decree on trade in petroleum products

DUBAI 28 February 2020: In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, issued Decree No. (8) of 2020 appointing Dubai’s Supreme […]

DFSA fines firm $105,000 for unauthorised activity

DUBAI 26 February 2020: The Dubai Financial Services Authority (DFSA) announced that it has fined Enness Limited (Enness DIFC), a DIFC Representative Office. The DFSA fined Enness DIFC US$105,000 (approximately  Dh386,000) for engaging in unauthorised […]

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