ABU DHABI / WAM The central bank of the UAE announced the issuance of the ‘Dormant Accounts Regulation’. This regulation applies to all banks operating in the UAE. The purpose of the regulation is to establish a framework for the control and protection of dormant funds in banks, said a CBUAE press release on Wednesday. To ensure the funds in ...

ABU DHABI / WAM The joint military exercise between the UAE and US armed forces, ‘Native Fury 20’, has resumed in the UAE, reflecting the military cooperation between the two friendly countries and their close military ties. Brigadier Tariq Al Zaabi, Director of Native Fury 20, stated that the overall exercise includes a series of joint military training exercises, under ...

Bloomberg India’s top court ruled out a reassessment of $19 billion in past dues to be paid by telecom companies, a move that could send indebted carrier Vodafone Idea Ltd into bankruptcy. A three-judge panel, headed by Justice Arun Mishra, said it will consider a proposal by Prime Minister Narendra Modi’s administration seeking a 20-year payment plan for dues worth ...