A view of UAE Central Bank.
The Central Bank of the UAE (CBUAE) has imposed a financial sanction on an exchange house operating in the UAE, pursuant to Article 137 of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank & Organisation of Financial Institutions and Activities.
The CBUAE imposed a financial sanction of Dhs1,050,000 on the exchange house for violating its obligation to conduct exchange activities in the licensed premises only, to use an approved Cash-in-Transit Agent when transporting cash, and for violating its obligation to immediately report violations to the CBUAE.
The CBUAE, through its supervisory and regulatory mandates, works to ensure that all exchange houses, their owners and staff abide by the UAE laws, regulations and standards adopted by the CBUAE to safeguard the transparency and integrity of the exchange houses’ business and the UAE financial system.
Each commemorative coin weighs 40 grammes. The front side includes a drawing of AUS with the year of its establishment in 1997, surrounded by the name of the university in Arabic and English. The reverse side of the coin includes a logo, specially designed to celebrate the 25th anniversary, in addition to the nominal value (Dhs25).
The Large-Value Payment Systems (LVPS) Regulation and the Retail Payment Systems (RPS) Regulation aim to promote robust financial infrastructure, which is essential for financial stability and consumer protection. They also facilitate the UAE’s international competitiveness.
The Central Bank of the United Arab Emirates (CBUAE) on Saturday unveiled the Retail Payment Services and Card Schemes Regulation, the fourth regulation in the enhancement journey as it prepares the UAE for a new era of digital payments.
The two women and one man who drowned are believed to have been part of a group of 41 people whose dinghy sank after hitting a reef near the island of Lesbos, a coastguard spokeswoman told the media.
A Palestinian security source, who was not authorised to speak to the media, said Ashqar was from the city's Askar refugee camp. Three people were arrested during the Israeli raid on the city, the source added.
Turkish and Syrian disaster response teams report more than 5,600 buildings have been flattened across several cities, including many multi-storey apartment blocks that were filled with sleeping residents when the first quake struck.