ADGM’s Registration Authority fines two firms for audit failings
ABU DHABI, UAE – The Registration Authority (RA) of Abu Dhabi Global Market has fined Baker Tilly Middle East Limited (Baker Tilly) and its registered audit principal Neil Andrew Sturgeon (Sturgeon), an ADGM media release said on Friday. The RA imposed a financial penalty of US$50,000 against Baker Tilly and...Saudi football chief brands Mancini penalty walkout ‘unacceptable’
Doha, Qatar - The president of Saudi Arabian football said Roberto Mancini's disappearing act before the end of the penalty shootout in the team's Asian Cup exit was "completely unacceptable". The Italian did not stick around to see South Korea's Hwang Hee-chan eliminate his Saudi side in the last 16 in...Iran police to deploy ‘smart’ technology to nab unveiled women
Tehran, Iran--Police in Iran said on Saturday they plan to use "smart" technology in public places to identify and then penalise women who violate the country's strict Islamic dress code. A statement said the force would "take action to identify norm-breaking people by using tools and smart cameras in public places...Ronaldo scores first goal for Al Nassr to earn draw for club
Al-Hasa, Saudi Arabia--Cristiano Ronaldo got off the mark for his new Saudi paymasters Al Nassr on Friday with a stoppage-time penalty that rescued a 2-2 away draw against Al Fateh. The Portuguese, who turns 38 on Sunday, buried the spot-kick in the 93rd minute for a point that left the Riyadh club...Iran executes two more men in connection with protests
PARIS, FRANCE - Iran on Saturday executed two men for killing a paramilitary force member during unprecedented protests sparked by the death in custody of a young woman. The latest hangings double the number of executions to four over the nationwide protests, which escalated since mid-September into calls for an end...FMT upholds DFSA decision to slap Arif Naqvi with US$135.56m fine
Almost a year after the Dubai Financial Services Authority (DFSA) imposed a heavy penalty on Arif Naqvi, the founder of Abraaj, for what it termed as fraud, the Financial Markets Tribunal has now upheld the DFSA decision to slap a penalty to the tune of $135.56 million, the largest-ever fine...MoHRE discusses ‘Emiratisation’ program with UAE recruitment agencies
Dubai, UAE--The Ministry of Human Resources and Emiratisation (MoHRE) has held a meeting with a number of recruitment agencies in the UAE to discuss the latest developments and ways to benefit from the Nafis platform, helping companies with 50 employees or more achieve the Emiratisation targets of 2% for skilled...Argentina beat France on penalties to win World Cup
Argentina defeated France 4-2 in a penalty shoot-out to win the World Cup for the third time on Sunday. Argentina captain Lionel Messi scored twice and France striker Kylian Mbappe hit a hat-trick as a thrilling World Cup final finished 3-3 after extra time. Argentinian substitute Gonzalo Montiel stroked home...Morocco, the last Arab nation left standing, reach World Cup quarters
Achraf Hakimi struck the decisive penalty to send Spain crashing out and Morocco into the World Cup quarter-finals for the first time, winning 3-0 in a shoot-out on Tuesday after a 0-0 draw.ADGM invites public feedback on changes to commercial legislation
The Abu Dhabi Global Market (ADGM) has invited public feedback on the proposed amendments to its commercial legislation. As part of ADGM’s ongoing enhancement of regulatory framework, its Registration Authority (RA) is proposing changes, including the introduction of a late filing fees framework. Rather than attracting a penalty, certain late...Amazon fined $98k/day in France
France says Amazon’s seller contracts have ‘unbalanced’ clauses.Tunisia to initiate harsh action against food speculators
Tunisian President Kais Saied declared war Wednesday on food speculators amid a shortage of products such as wheat and semolina -- key staples in a country already mired in a political-economic crisis.Chelsea bags FIFA world champion title in Abu Dhabi
Chelsea was handed the prestigious trophy by FIFA president Gianni Infantino.Google appeals EU fine
It was fined €2.4-billion for abusing its search engine dominance.Russia fines Google $98m
The fine was for repeatedly failing to delete ‘illegal’ content.Iraq works with Belarus to drop fines on refugees stranded on border
The feat is said to have been achieved due to efforts from Iraq’s embassy in Moscow and ‘in coordination’ with Belarus.Central Bank of UAE penalizes six exchanges for flouting rules on 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.UAE to punish extortion demands on web with prison sentence of up to two years
Anyone guilty of making a threat to another person on the web will get a prison sentence of up to two years in the UAE, besideS having to pay a hefty penalty too.Oman tax authority to fine VAT non-filers
Those who have not filed VAT returns would see a fine of up to OMR5,000 (around $13,000) imposed on them.Investors to sue Boeing’s Board of Directors for 737 crashes
Boeing has already lost $20 billion in fines, lost orders, and other costs, due to these two crashes, both of which involved the 737 Max aircraft. Not the least of these was the $2.5-billion fine levied on it by the US Department of Justice in January this year.Saudi Arabia to penalize artificial lakes in farms
The country has said it will take legal action against the construction of manmade or artificial lakes in farms for the purpose of investment or entertainment.Saudi Arabia to penalize trade in human trafficking
Saudi Arabia will criminalize and combat human trafficking through a set of actions and measures that ensure human dignity and protect it from all forms of abuse and exploitation.Approach tax authority to redress problem, UAE tells penalized defaulters
UAE tax authorities have assured penalized tax-law violators that they can apply to have the penalty reduced or exempted To get this done, applicants must provide a proper “excuse,” bolstered by evidence The United Arab Emirates’ Federal Tax Authority said in a statement on Wednesday, May 26, that individuals...UAE to curb terror financing, money laundering in gold trading businesses
The companies were asked to speed up the amendment of their conditions to avoid penalties stipulated by the Federal Law The measures could lead to suspension of the license or closure of the facility itself The UAE Ministry of Economy (MoE) has called on establishments belonging to the Designated Non-Financial...


























