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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Central Bank of UAE penalizes six exchanges for flouting rules on money laundering

  • The sanctions imposed last month followed the exchange houses’ failures to comply with AML & Sanctions Compliance Frameworks by end-2019
  • The UAE has in recent months beefed up regulations targeted at banks and financial institutions to combat and prevent money laundering

The Central Bank of the United Arab Emirates has penalized six exchange houses for flouting rules to combat money laundering and illicit financial flows.

The sanctions imposed last month followed the exchange houses’ failures to comply with AML & Sanctions Compliance Frameworks by end-2019, which was the deadline, the central bank said in a statement on Monday. It did not name the offenders.

The UAE has in recent months beefed up regulations targeted at banks and financial institutions to combat and prevent money laundering. Earlier this year, the government set up an Executive Office for Anti-Money Laundering and Counter Terrorism Financing.

In August, the Dubai Misdemeanor Court convicted eight individuals and three companies for cyber fraud and laundering of stolen funds amounting to approximately 14 million dirhams.