Abu Dhabi court convicts 13 Indian nationals of money laundering
The convicts were found guilty of engaging in economic activity using the provision of credit facilities through points of sale (POS) without obtaining a license from competent authorities. The court sentenced four accused, who were present during the trial and others at large in absentia to prison ranging from five...
Points of Sale terminals in Saudi exceed 1 million, says SAMA
The Saudi Central Bank (SAMA) announced that the number of Points of Sale (PoS) terminals inside the kingdom have exceeded the 1 million mark. These terminals can be found at commercial sales outlets in more than 180 cities and villages, SAMA said, attributing the achievement to a plan that was...
