ABU DHABI, 24th June May, 2026 (WAM) — The Central Bank of the UAE (CBUAE) imposed a financial penalty of AED20 million on a branch of a foreign bank, pursuant to the provisions of the Federal Decree Law Regarding the Central Bank and Organization of Financial Institutions and Activities, and its amendments. The financial penalty is based on the results of the findings of examinations conducted by the CBUAE, which revealed that the branch of the foreign bank had significant, repeated failures in its Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations and Sanctions framework. The CBUAE…
Author: Editorial Team
ABU DHABI, 24th June, 2026 (WAM) — Forbes Middle East concluded the second edition of the Building the Future Summit, held on 23rd and 24th June at Conrad Abu Dhabi Etihad Towers, under the patronage of the Ministry of Energy and Infrastructure and presented by One Development. The summit brought together government officials, decision-makers, investors, business leaders and experts from the infrastructure, urban development, energy, investment and technology sectors. Held over two days, the event featured 60 speakers, including 11 senior UAE government officials, participating in nearly 30 keynote addresses, fireside chats and panel discussions. Discussions focused on trends and…
RIYADH — More than 500 global companies have expressed interest in participating in Riyadh’s Future of Media Exhibition (FOMEX 2027), as the capital prepares to host the region’s largest media and technology exhibition. Held alongside the Saudi Media Forum from Feb. 1–3, 2027, FOMEX 2027 is attracting unprecedented international interest from countries and companies eager to showcase their latest innovations and technological solutions in the media and communications sector. The growing interest follows the success of the previous edition of the Saudi Media Forum and its accompanying exhibition, which attracted more than 65,000 visitors, featured 200 companies representing over 50…
It began with a simple question: how do we see the student who never shows up in any spreadsheet? Today, UAE-based AnaAkhtar — the first Arabic platform purpose-built to support the school counsellor — presented the outcomes of two years of field implementation and validation at “Educational Technology in Educational Counseling and Well-Being,” held in collaboration with the University of Jordan. The results mark the platform’s transition from field validation to institutional adoption. Following implementation in private schools, public-school deployment through its collaboration with the University of Jordan, and early adoption by educational institutions, AnaAkhtar is preparing for expansion into…
Mena Migally, Regional Vice President, EMEA East, Veeam. MEA leads EMEA in sovereignty execution but faces critical visibility gaps across complex ecosystems. DUBAI — New research from Veeam Software, the Data and AI Trust Company, reveals that organisations across the Middle East and Africa (MEA) are taking a deliberate and disciplined approach to AI adoption, prioritising data sovereignty, operational control, and cyber resilience to build trusted AI and data foundations as they accelerate digital transformation initiatives. While AI remains a strategic priority across the region, MEA organisations are demonstrating a stronger commitment to governance and data control than many…
PARIS — Tens of thousands of homes are without power in western France, with temperatures set to peak across the country on Wednesday during a record-breaking heatwave. Much of Western Europe is in the grip of a sweltering heatwave that has smashed temperature records in many countries. The extreme weather is being driven by atmospheric and circulation patterns that keep hot air trapped in place for days, causing the mercury to slowly rise, as global warming exacerbates these factors, experts say. About 68,000 homes in Brittany have been affected, with electricity unlikely to be fully restored until Wednesday night at…
As the world marks International Women in Engineering Day on June 23, four women working across engineering, maintenance, and logistics roles in Dubai are sharing their experiences in a field that has long been dominated by men. At Keolis MHI, 48 women engineers work across a range of technical disciplines, contributing to the operation and maintenance of one of the UAE’s most important transport networks. Their roles range from train maintenance and power systems to logistics planning and technical documentation, highlighting the growing presence of women in Science, Technology, Engineering and Mathematics (STEM) careers. This year’s International Women in Engineering…
SHARJAH, 24th June May, 2026 (WAM) — American University of Sharjah’s (AUS) Executive Education and Professional Development has signed a strategic collaboration agreement with the Global Centre for AI Excellence (GCAIE) to build national AI capability and support the growth of the AI economy across government and enterprise sectors. The agreement was signed by Dr. Tod Laursen, Chancellor of AUS, and Dr. Yousef Saadeh, Chief Executive Officer and Managing Director of GCAIE, in the presence of senior executives from both institutions. Under the agreement, AUS Executive Education and GCAIE will jointly develop a portfolio of executive education programs, professional certifications…
Effective Thursday, June 25, Filipinos traveling to the UAE using their Philippine passports and possessing a valid visa, residence permit, or Green Card issued by the US, Australia, Singapore, EU member states, and some other countries shall be eligible for a visa-on-arrival by the UAE, the Philippine Department of Foreign Affairs (DFA) announced on Wednesday. Source: Khaleej Times
Arcapita Group Holdings Limited (“Arcapita”), the global alternative investment firm, and Hines, one of the world’s largest real assets investment managers, announced a partnership to together explore the creation of an institutional-grade platform focused on industrial and logistics real estate assets across the Gulf Cooperation Council (GCC). The platform would seek to combine Hines’ global real estate investment, development and operating standards with Arcapita’s regional investment, structuring and asset management expertise, supported by Lintara, Arcapita’s local operating platform. Through the partnership, the two companies would focus on jointly originating, structuring and executing investments across both development opportunities and stabilized income-producing…