DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued Law No (2) of 2025, pertaining to the Dubai International Financial Centre Courts (DIFC Courts). Provisions of the new law seek to regulate the judicial and administrative aspects ...

DUBAI / WAM The National Bank of Fujairah (NBF) has successfully closed a single currency term and letter of credit syndicated transaction totalling $100 million to support Pure Cement LLC in the construction of a clinker production unit with a capacity of 6,500 tonnes per day (TPD), and an 8.5 MW Waste Heat Recovery-based captive power plant. With a total ...

DUBAI / WAM Al Etihad Payments, a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE’s of the national card switch (UAESWITCH) and the UAE’s domestic card scheme “Jaywan”, and Visa, on Monday announced their agreement to jointly introduce “Jaywan- Visa” debit and prepaid cards in the UAE. This co-badging partnership between Al Etihad ...