THIS MORNING: CBUAE holds rates steady, again + ADGM proposes amendments to expand authority for tighter oversight
Plus: Another UK hedge fund bites the dust and relocates to the UAE
Available in your choice of English or Arabic
Plus: Another UK hedge fund bites the dust and relocates to the UAE
The move takes effect starting 31 January 2026
Individuals can now file claims in DIFC courts for unlawful processing of their data
Plus: Dubai’s Vara eyes gold and DeFi pilots
Violations carry fines of AED 1k-100k, with repeat offenses within a year doubling to AED 200k
Public comments on the consultation are open until 5 September 2025
Plus: Dragon Oil competes for Egypt’s North July concession
The regulations come as more air taxis conduct test flights ahead of commercial launch later this year
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