ADNOC Gas Secures Three-Year LNG Supply Deal with Germany’s SEFE

Abu dhabi: ADNOC Gas Plc and its subsidiaries have announced a three-year agreement to supply liquefied natural gas (LNG) to Germany’s SEFE Securing Energy for Europe. The contract, valued at approximately $400 million (AED1.5 billion), will deliver 0.7 million tonnes of LNG, with shipments beginning this year. According to Emirates News Agency, the LNG will … Read more

UAE Special Envoy Strengthens Bilateral Ties with German Officials in Berlin

Berlin: Dr. Sultan Ahmed Al Jaber, the UAE Special Envoy to Germany, concluded a visit to Berlin aimed at reinforcing bilateral relations and exploring cooperation in strategic sectors. Dr. Al Jaber, who also serves as the Minister of Industry and Advanced Technology and Group CEO of ADNOC, engaged in high-level discussions with German government officials … Read more

Sanadak Hosts Inaugural Forum with UAE Banks Federation to Enhance Banking Dispute Resolution

Abu dhabi: Sanadak, the Ombudsman Unit for the UAE, convened its inaugural forum with the UAE Banks Federation and licensed financial institutions (LFIs). The forum is part of Sanadak’s efforts to foster sustainable institutional partnership with the banking sector, enhance the banking system by developing mechanisms for settling disputes, and protect consumer rights, promoting principles … Read more

CBUAE Imposes AED3 Million Sanction on Bank for Non-Compliance

Abu dhabi: The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank amounting to AED3,000,000. This action was taken in accordance with Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations and its amendments, as … Read more

Dubai Chamber of Commerce Launches New Business Group to Boost Delivery Sector

Dubai: Dubai Chamber of Commerce, a prominent entity under the Dubai Chambers umbrella, has unveiled the Dubai Delivery Business Group to bolster the delivery sector’s growth and establish a unified platform for delivery companies in the emirate. According to Emirates News Agency, the new Business Group is part of the chamber’s initiative to strengthen private … Read more

UAE NAMLCFTC Commends European Parliament’s Recognition of Robust AML/CFT Framework

Abu dhabi: The General Secretariat of the UAE’s National Anti-Money Laundering and Combatting Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC) welcomed the decision by the European Parliament to remove the UAE from the European Union’s list of high-risk third countries under enhanced monitoring for anti-money laundering and counter-terrorism financing. According to Emirates … Read more