The sanctions follow failure to comply with anti-money laundering rules The Central Bank of the UAE (CBUAE) has imposed financial sanctions to the tune of 17.31 million ($4.7 million) on six exchange houses operating in the UAE as part of its efforts to combat money laundering and...

The UAE emergency authorities on Monday announced that the Cyclone Shaheen has subsided and its impact on UAE is minimal. The National Emergency Crisis and Disaster Management Authority (NCEMA) said during a media briefing, “We announce the end of the tropical Cyclone Shaheen.”...

All passengers will be subject to 10-day quarantine at a credited facility upon arrival Long-haul carrier Emirates will operate special commercial flights this month to repatriate Filipino expatriates back to their home country. The so-called “Bayanihan” flights on EK332 will fly...

St. Regis Hotels & Resorts, part of Marriott International, today announced the opening of The St. Regis Downtown, Dubai. As the newest jewel in an exquisite global portfolio, The St. Regis Downtown, Dubai will feature the celebrated traditions, cherished rituals, and bespoke...

Two sources said they expected it to be a multi-billion dollar deal DUBAI- The United Arab Emirates government is expected to begin marketing its first bond as a federation as soon as this week, a transaction denominated in U.S. dollars, four sources familiar with the matter said on...

Project expected to generate 114,000 jobs in kingdom Middle East shopping mall operator Majid Al Futtaim has appointed the former construction consultant of Expo 2020 Dubai to manage its mixed-use project in Riyadh, estimated to be worth 16 billion riyals ($4.3 billion) UK-based...

The UAE has registered 256 new coronavirus cases over the past 24 hours, taking the nationwide tally to 736,524 on Saturday. The UAE Ministry of Health and Prevention (MoHAP) announced that it conducted 305,131 additional COVID-19 tests over the past 24 hours. According to the Ministry...

As per the company’s approved policy, the second and final dividend for 2021 is expected to be paid in April 2022 ABU DHABI - ADNOC Distribution Thursday announced that its Board of Directors has approved an interim dividend payment to shareholders for the first six months of 2021 of...

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, expressed his pride at receiving the representatives of 192 countries participating in the Expo 2020 Dubai in the land of tolerance and possibilities, who aim to benefit from the global...

With the opening of the world's greatest event a few hours away, businesses will no doubt have a keen eye on events planned at the 4.38 sq.km. site As world exhibitions go, the timing of Expo 2020 Dubai could not be any better. Organised under the theme “Connecting Minds, Creating...