UAE steps up gold souq AML compliance drive
DUBAI — UAE Economy and Tourism Minister Abdulla bin Touq Al Marri conducted an inspection tour of the Dubai Gold Souq to review traders’ compliance with anti-money laundering regulations and counter-terror financing frameworks governing the country’s gold sector.
The visit...
UAE, South Korea deepen AI and chip cooperation
SEOUL —The Ministry of Investment has led a high-level delegation to the Republic of Korea to advance cooperation and explore new partnership opportunities across the artificial intelligence (AI) and semiconductor value chain, as the UAE continues to pursue economic...
 Dubai Taxi buys National Taxi in $395m UAE deal
DUBAI - Dubai Taxi Company has agreed to fully acquire National Taxi in a deal worth 1.45 billion dirhams ($395 million), the largest consolidation move in the UAE's taxi sector that will extend the listed operator's reach into Abu...
UAE, Egypt Condemn Attacks on Vessels and Regional Targets
ABU DHABI— The United Arab Emirates and Egypt have condemned a series of attacks targeting commercial vessels and regional territories over recent days, warning of escalating threats to maritime security, regional stability and global trade routes.
The UAE condemned the...
DFSA Fines Former Ed Broking Executive for Misleading Conduct
DUBAI — The Dubai Financial Services Authority, the independent regulator of banking, financial services and markets in the Dubai International Financial Centre, has imposed a fine of US$139,722 (AED513,129) on Wael Abdelmohsen Abdellatif Mohamed Emara, also known as Mr....
Qatar urges public to report missile and drone debris found at sea
DOHA, Qatar — Qatar's Ministry of Interior called on the public to immediately report any unidentified objects or debris suspected to be remnants of intercepted missiles or drones found in the country's territorial waters, warning that the material may...
FIFA Congress approves record $14B budget cycle, Infantino announces re-election bid
VANCOUVER, Canada — FIFA's 76th Congress approved a record-breaking revenue projection of $14 billion for the 2027-2030 cycle Thursday, as President Gianni Infantino confirmed he will seek a fourth term in office ahead of a World Cup that kicks...