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CBUAE issues new guidance for licensed financial institutions on risks related to payments

The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for its licensed financial institutions (LFIs) on the risks related to payments. The guidance, which comes into effect today, will assist LFIs’ understanding of risks and effective implementation …

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UAE announces 1,088 new COVID-19 cases, 1,004 recoveries, no deaths in last 24 hours

The Ministry of Health and Prevention (MoHAP) announced that it conducted 162,695 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the Ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and …

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Cabinet approves formation of ‘Higher Committee for Government Digital Transformation’

Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the UAE Cabinet approved the formation of the “Higher Committee for Government Digital Transformation”, chaired by Ohood Khalfan Al Roumi, Minister of State for Government Development and The Future. Omar bin Sultan …

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UAE announces 1,164 new COVID-19 cases, 1,394 recoveries, 1 death in last 24 hours

The Ministry of Health and Prevention (MoHAP) announced that it conducted 227,104 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the Ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and …

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