Abu Dhabi / WAM The UAE has presented its plan to combat money laundering for the upcoming month of February, during a joint review meeting held by the International Financial Action Task Force, FATF. The meeting aimed to highlight the country’s commitment to the directives adopted by FATF and the Middle East and North Africa Financial Action Task Force, “MENAFATF,” ...

Abu Dhabi / WAM The Abu Dhabi Islamic Bank (ADIB), a leading financial institution, signed an agreement to provide an $80 million Shariah-compliant Ijara facility to the Oman Shipping Company SAOC (OSC), a member of the ASYAD Group, for the financing of two VLCC (Very Large Crude Carriers) tankers within the OSC group. The transaction represents the OSC’s first Sharia-based ...

Abu Dhabi / WAM The number of trademarks registered in the UAE increased by 30.5 percent in December 2019 compared to November 2019, reflecting the country’s growing leadership as a regional business centre in the Gulf Cooperation Council (GCC), and throughout the Middle East. The UAE is ranked first in the Middle East and second in the world in attracting ...