Page 71 - Commodities Authority News Today

The proposal, which follows a 2019 court ruling, includes both cash and land

The net investments of non-Arab investors in UAE financial markets significantly jumped to AED3.255 billion ($886 million) during the first five months of 2021, a media report said, citing statistics revealed by the Abu Dhabi and Dubai bourses.

Cryptocurrencies and in particular Bitcoin have been making headlines worldwide, but theres still a lack of understanding about what they are. Dubai recently held the AIBC summit to bridge that knowledge gap. Eman Pulis, Founder and CEO of sigma group & AIBC Summit, says although there are technical sessions at the event, they also want to reach those new to the industry: "An issue of empowerment is key. If we want one day to see the crypto community, the blockchain, be embraced by the masses."...

Reskilling key for CAs to handle changes in accounting standards Dr Maryam Al Suwaidi, acting CEO of Securities & Commodities Authority. Sunder Nurani, chairman of The ICAI Dubai Chapter. Internal audit can play a key role in helping the management to better understand the critical risks in the new normal The post-pandemic era should be taken as an opportunity by auditors to make progress on initiatives to allow enhancement of internal audit capabilities, said Dr Maryam Al Suwaidi, acting CEO o...

Banking regulator ropes in DFSA and others to work on proposals

The Central Bank of the UAE (CBUAE) has announced that the Money Supply aggregate M1 increased 0.3 per cent, from Dhs642.3 billion at the end of March 2021 to Dhs644.4 billion at the end of April 2021.

Proposed guidelines issued by the four regulators cover everything from cloud server location to potential AI bias and identifying blockchain users

Proposed guidelines issued by the four regulators cover everything from cloud server location to potential AI bias and identifying blockchain users

Global economic challenges, elective investment decisions and rising regulation are all pushing global investment trends in the direction of greater responsibility

UAE residents to conduct due diligence before investing in cryptos.