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A hi-tech tool to fight ID frauds

RITIKA SHARMA / EMIRATES BUSINESS ID frauds—one of the fastest growing crimes – adversely impacts the private sector and causes enormous losses. Around 54 percent of data breaches in 2014 were related to identity thefts, where 17 percent aimed at financial access and 11 percent sought account access, indicates a recent survey. In order to subdue the number of ID ...

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DIAC pushes China services

DUBAI / WAM As part of their efforts to promote commercial arbitration in settling trade disputes, the Dubai International Arbitration Centre (DIAC) in cooperation with the UAE Consulate in Shanghai, organised an introductory session to highlight the benefits and services offered by the Centre to Chinese contracting parties.

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UAE at ‘Bahrain meet’

ABU DHABI / WAM The UAE, represented by the Ministry of Finance (MoF), will participate in the Joint Annual Meeting of the Arab Financial Institutions, which will be held in Bahrain on 5-6 April, 2016. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, will head the UAE delegation, which includes Mubarak Rashid Khamis Al Mansouri, UAE Central Bank ...

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