The regulator of Abu Dhabi’s free zone financial centre said on Tuesday it had fined the local subsidiary of fintech firm Wise $360,000 for breaching anti-money laundering (AML) requirements. Abu …
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UAE-backed Yemeni forces seize Shabwa energy sites in tussle with rivals
by Reuters News Service 2 mins readYemeni forces backed by the United Arab Emirates have seized energy facilities in Shabwa from another faction, prompting the head of the Saudi-backed presidential council on Sunday to order their …
- Business & EconomyMiddle East
Dubai Mall owner Emaar to discuss selling its e-commerce business
by Reuters News Service 1 min readThe board of Dubai’s Emaar Properties (EMAR.DU), which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business, the company said on Monday. …
- Business & EconomyMiddle East
Dubai’s biggest bank gives staff a pay rise for inflation
by Reuters News Service 2 mins readDubai’s biggest bank Emirates NBD (ENBD.DU) has given most employees a pay rise of up to 8 per cent to help cushion against rising costs of living driven by inflation, …