ABU DHABI/WAM The Central Bank of the UAE (CBUAE) imposed a financial penalty of AED20 million on a branch of a foreign bank, pursuant to the provisions of the Federal Decree Law Regarding the Central Bank and Organization of Financial Institutions and Activities, and its amendments. The financial penalty is based on the results of the findings of examinations conducted …

DUBAI/WAM Emirates SkyCargo has announced a strategic expansion of its freighter services across East and Southeast Asia, increasing frequencies and destinations in response to growing demand for connectivity between manufacturing hubs in the region and key markets across the Middle East, Africa, Europe and the Americas. The air cargo carrier transported more than 439,000 tonnes of cargo on its freighter …

DUBAI / GULF TIME As Dubai advances its ambition to become one of the world’s top three economic cities, efficient dispute resolution is becoming an increasingly important part of the infrastructure that underpins business confidence, investment and growth. The DIFC Courts Mediation Service Centre supports that ambition by adding to the range of dispute resolution services available through the DIFC …