The UAE is leading the charge in technological innovation and embracing the digital economy through forward-thinking digital asset regulation Two characteristics of blockchain technology are transparency and immutability. These features align well with the Shariah principles of Islamic...

The ministry of finance said its inspections of the refineries uncovered 256 violations, eight for each refinery The UAE Ministry of Finance temporarily suspended 32 gold refineries in the country for failing to sufficiently address money laundering, financing of terrorism and other...

The deal, valued at approximately $1bn, marks a significant partnership aimed at supporting Sotheby’s growth and innovation plans Abu Dhabi-based investment and holding company, ADQ has entered into a definitive agreement to acquire a minority stake in Sotheby’s, the global leader in...

As of June 30, the utilities major had 1,236,845 electricity and water customer accounts, an increase of 52,134 (4.4 per cent) compared to the same period last year DFM-listed utilities giant Dubai Electricity and Water Authority (DEWA) has reported a revenue of Dhs13.7bn, an EBITDA of...

The national airline carried 8.7 million passengers in the January-June period, a 38 per cent increase compared to the same period last year Etihad Airways reported a record profit in the first half of the year, driven by robust demand for travel and cargo revenue as the Abu...

Emirates currently operates its refurbished aircraft to 17 destinations including New York JFK and London Heathrow Emirates has introduced its first refreshed Boeing 777 into service. The wide-body aircraft has undergone a nose-to-tail cabin refresh and sports a brand new look....

Dubai International Airport welcomed 44.9 million passengers in the first half of the year Dubai’s main airport is on track to handle a record number of passengers this year after an 8 per cent year-on-year increase in the first six months, operator Dubai Airports said on Wednesday....

Crypto markets have benefited this year after the US regulators approved an exchange-traded fund Bitcoin and ether tumbled on Monday to multi-month lows as worries over a possible US recession in the wake of soft data gripped financial markets and triggered a rush to safe-haven assets....

The central bank imposed the hefty fine after an examination found deficiencies in the bank’s AML/CFT policies and procedures The UAE central bank said on Friday it fined a local bank $1.6m (Dhs5.8m) for failing to sufficiently address money laundering and financing of terrorism and...

Wynn Al Marjan Island, developed in partnership with Marjan and RAK Hospitality Holding, is set to be the first integrated gaming resort in the MENA region Regulators in the UAE approved the country’s first lottery licence and unveiled comprehensive casino and gambling regulations, on...