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CBUAE issues new guidance for licensed financial institutions on transaction monitoring and sanctions screening

The Central Bank of the UAE (CBUAE) has issued a new guidance on transaction monitoring and sanctions screening for its licensed financial institutions (LFIs). The Guidance aims to promote the understanding and effective implementation by LFIs of their statutory anti-money laundering and combatting the financing of terrorism (AML/CFT) obligations. The …

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Expo 2020 Dubai paves way for opening new markets: Austrian Minister of Economy

Margarete Schramböck, Austria’s Minister of Digital and Economic Affairs, has said that Expo 2020 Dubai paves the way for opening new markets, enhances international cooperation, and provides the opportunity to highlight the quality of research and development of Austrian innovations. On the occasion of the approaching inauguration of Expo 2020, …

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UAE Government launches ‘United Global Emirates’ campaign

The UAE Government has unveiled a global campaign, entitled ‘United Global Emirates’, to attract foreign investment and talents and promote the features that distinguish the UAE as one of the world’s most dynamic, competitive and innovative business hubs. The ‘United Global Emirates’ campaign will champion the world-class capabilities, services, infrastructure, …

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ADDED reveals more details about reduced economic activities licensing fees for Abu Dhabi local and municipal authorities

The Abu Dhabi Department of Economic Development (ADDED) revealed that the Abu Dhabi government has decided to reduce the fees for economic activities in the emirate to AED 1,000. The decision included the reduction of the fees for establishing a commercial company and the documentation of incorporation contracts. The fees …

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