Abu Dhabi / WAM In an effort to ensure that stored value products and services are operated in a secure, sound and efficient manner in the UAE, the central bank of the UAE (CBUAE) issued a new regulation on Stored Value Facilities (SVF). By introducing this new regulation for the providers of SVFs, the CBUAE aims to facilitate fintech firms ...

Abu Dhabi / WAM The Ministry of Finance (MoF) organised two virtual workshops titled The Frameworks of implementing legislation governing Multinational Groups of Entities (MNEs) reports. The workshops sought to identify the main points around implementing the UAE’s cabinet resolution no. 44 of 2020, which covers legislation governing MNEs reports, and clarifies the private sector’s responsibilities in this area. That, ...

DUBAi / WAM The Sharjah Book Authority (SBA) is opening both physical and virtual doors of the 39th Sharjah International Book Fair (SIBF 2020) on Wednesday to its global audiences, as the fair assumes a unique hybrid online-offline format this year in line with the UAE government’s efforts to contain the spread of the novel coronavirus (Covid-19). Organised by the ...