ABU DHABI/WAM As part of its humanitarian commitment and swift response during crises, the UAE hosted 17,619 Afghans who were evacuated from Afghanistan since August 2021, prior to their resettlement in third countries. This step was carried out in cooperation with international partners to support the Afghan people amid the exceptional circumstances the country faced. The Emirates Humanitarian City in ...

ABU DHABI/WAM The Central Bank of the United Arab Emirates (CBUAE) and Mercury have announced the formation of a strategic joint venture, Unitey Business Services, aiming at supporting the Financial Infrastructure Transformation programme (FIT) launched by the CBUAE. This joint venture will enhance the operations of the UAE’s national financial market infrastructure and meet the highest standards and practices in ...

ABU DHABI/WAM The Securities and Commodities Authority (SCA) has imposed a record fine of AED5 million on a licensed company and referred the matter to the Public Prosecution, in a decisive move to safeguard market integrity and enforce regulatory compliance. The action follows confirmed violations of anti-money laundering (AML) laws, counter-terrorism financing regulations, and measures related to the funding of ...