UAE banking rules tighten as foreign bank faces Dh1.82 million penalty / Image – file The Central Bank of the UAE (CBUAE) has imposed a Dh1.82 million financial penalty on a branch of a foreign bank operating in the country after finding that it failed to issue a customer’s liability letter within the legally required […]
Young men in crisp blue uniforms file quietly into a book-lined classroom, each carrying a stack of textbooks. In a room adorned with motivational slogans about discipline, hard work, and success, they settle into neat rows, waiting for the day’s lesson to begin. Moments later, trainer D. Venkata Sai walks in with a book tucked […]
The fraud reportedly surfaced after prison authorities sought verification from the Supreme Court regarding the authenticity of the order | Photo Credit: K. MURALI KUMAR It was nearly eight years ago that Shankar Armugam, who was serving life imprisonment after being convicted in a 2001 kidnapping-for-ransom case, walked out of the Parappana Agrahara Central Prison. […]
UAE tightens grip on regulated crypto economy with Crypto.com deal / Image: file The UAE has taken another major step toward becoming a global digital finance hub after Crypto.com became the first cryptocurrency platform to receive a Stored Value Facilities (SVF) licence from the Central Bank of the UAE.The licence was granted to the company’s […]
Mumbai, April 17 (Udaipur Kiran): Novus Loyalty is currently trading at Rs. 185.70, up by 5.75 points or 3.20% from its previous closing of Rs. 179.95 on the BSE. The scrip opened at Rs. 184.50 and has touched a high and low of Rs. 195.00 and Rs. 184.50 respectively. So far 181000 shares were traded […]
The United States Central Command (CENTCOM) on Wednesday released an audio message of US naval forces warning vessels against attempting to breach its ongoing blockade of Iranian ports.In a post on X, United States Central Command said US naval vessels are actively patrolling the Gulf of Oman as part of the blockade. “US forces are […]
Mumbai, March 10 (Udaipur Kiran): Monarch Surveyors and Engineering Consultants is currently trading at Rs. 201.00, up by 3.95 points or 2.00% from its previous closing of Rs. 197.05 on the BSE. The scrip opened at Rs. 201.00 and has touched a high and low of Rs. 201.00 and Rs. 199.80 respectively. So far 1200 […]
The Israeli Defence Forces (IDF) issued a statement on Sunday confirming Iranian supreme leader Ayatollah Ali Khamenei death in a “precise, large-scale operation”. The statement informed that Khamenei was in his central leadership compound with other senior officials in Tehran during the deadly strikes.“Ali Khamenei was targeted in a precise, large-scale operation carried out by […]
Israel on Saturday launched a “preemptive strike” on Iran, with defence minister Israel Katz declaring a nationwide state of emergency.“The State of Israel has launched a preemptive strike against Iran. Defence minister Israel Katz has declared a special and immediate state of emergency throughout the country,” a ministry statement said.An explosion was reported near the […]
Game-Changer for Global Finance? UAE Unveils World’s First AI-Powered Sovereign Cloud to Guard Banks and Data In a bold leap that could redefine how modern financial systems operate, the Central Bank of the United Arab Emirates (CBUAE) has announced the launch of what it calls the world’s first sovereign financial cloud services infrastructure, a secure […]
