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Seven UAE law firms fined in anti-money laundering case

Abu Dhabi / WAM The Ministry of Justice imposed an AED100,000 fine on seven law firms for continuing to violate anti-money laundering (AML) and counter-terrorism financing (CTF) measures in accordance with the provisions of Federal Law No. 20 of 2018 on countering money laundering, terrorist financing, and illegal organisations. In a statement on Sunday the Ministry of Justice said, “These ...

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Deal signed to advance AI, data solutions for oil, gas industry

Abu Dhabi / WAM AIQ, Schlumberger and Group 42 (G42), signed on Sunday a strategic framework agreement to collaborate on the development and deployment of artificial intelligence (AI), machine learning and data solutions for oil and gas industry. Under the terms of the agreement, the three companies will leverage their combined domain knowledge in digital technology, high-performance computing and cloud ...

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IPS to bring global real estate community together

Dubai / WAM Dubai Land Department (DLD) announced that the first virtual edition of the International Property Show (IPS) in partnership with Invest in Dubai Real Estate (IIDRE) is set to welcome a diverse international audience and bring the global real estate community together, through the IIDRE programme, from November 11-20. As one of the highlights of the 10-day virtual ...

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