The Central Bank of the UAE (CBUAE) imposed an administrative sanction on an insurance company operating in the UAE, pursuant to Article 33 (2) (a) of the Federal Decree-Law No. (48) of 2023 regarding the Regulation of Insurance Activities.
ADJD mediates AED443 million in financial settlements during H1-24
The Abu Dhabi Judicial Department (ADJD) completed financial settlements of 1,234 commercial, real estate, civil, and consumer disputes during the first half of 2024, amounting to AED44,039,415 .
7th edition of Berklee Abu Dhabi’s PEARL Programme kicks off in September
The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) is set to welcome musicians from the UAE and across the Middle East to the seventh edition of Berklee Abu Dhabi’s Performance Artistry & Leadership (PEARL) Programme, commencing on 9th September. Applications are open until 18th August.
DEWA organises ‘Youth Forum’ in conjunction with International Youth Day 2024
Dubai Electricity and Water Authority (DEWA) 's Youth Council has organised the "Youth Forum" in conjunction with International Youth Day 2024, observed annually on 12th August.
DMCC accounts for 15% of all FDI to Dubai
the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise—has announced key performance results in H1 2024, recording 1,023 new member companies, bringing its total to almost 25,000 companies.
Nasdaq Dubai welcomes $500 million Sustainability Sukuk by Kuwait’s Warba Bank
Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate issuance programme.
du Youth Council launches entrepreneurial talent initiatives to empower youth
du, from Emirates Integrated Telecommunications Company (EITC), today announced the launch of educational initiatives designed to foster technological proficiency and innovation among the youth.
FTA approves AED2.45 billion in home-construction tax refunds for UAE nationals
The Federal Tax Authority (FTA) has approved a total of 30,920 applications for Value Added Tax (VAT) refunds worth a total of AED2.54 billion submitted by Emirati citizens for taxes incurred on building new residences since the service was launched and until the end of the first half of 2024.
Sharjah expands global reach with 18 charity complexes in H1-24
The Sharjah Charity International (SCI) has launched 18 new complexes in different countries during the first half of this year, costing AED6.7 million. This surpasses the 17 complexes established during the same period last year.
UAE national banks provided AED25.7 billion in credit facilities to business, industrial sectors in 5 months
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED25.7 billion during the first five months of 2024, according to the latest figures released by the Central Bank of the United Arab Emirates (CBUAE).