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DFSA preps firms for client assets regime overhaul
Firms will need to maintain a client asset crisis preparedness pack, and file separate audit reports for client money, investments,…
Oman and UAE eye competition regulation + UAE joins Islamic Fund for Sahel Youth Support
Discussions with Oman focused on curbing monopolistic practices in digital markets
Societe General becomes first bank to launch USD-backed stablecoin
The USD CoinVertible will be tradable from July
Mashreq lists USD 500 mn sukuk on Nasdaq Dubai
Plus: EGA inks agreement to enter Ghana’s aluminium market
THIS MORNING: UAE President to attend GCC-US summit in Riyadh
Plus: Abu Dhabi tightens gas safety rules for buildings
New rules for green readiness in the capital
Businesses must have EAD-approved response plans, trained staff on site, and preventive measures in place under the new regulation
Dubai gets a new law to regulate its land plot allocation to public entities
The allocation criteria include the urgent need for the land based on economic, security, social, and service factors
Cabinet approves AI-powered regulatory system + Regulatory Intelligence Office
The AI-based system will analyze data to monitor how legislation affects the economy and society in real time
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