Latest news with #AED12
Dubai Eye
10-06-2025
- Business
- Dubai Eye
Six exchange houses fined AED 12.3 million for regulatory breaches
The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses across the country. The sanctions come after inspections revealed serious breaches of anti-money laundering and counter-terrorism financing regulations. The fines are in line with Federal Decree Law No. 20 of 2018 and reflect ongoing efforts to uphold the integrity of the UAE's financial system. The names of the entities involved have not been disclosed by the authority. CBUAE has emphasised that all exchange houses, their owners and staff must comply with national laws and regulatory standards to ensure transparency. The #CentralBankUAE imposed varying financial sanctions on six exchange houses in the UAE, amounting to AED12,300,000, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations… — Central Bank of the UAE (@centralbankuae) June 10, 2025
ARN News Center
10-06-2025
- Business
- ARN News Center
Six exchange houses fined AED 12.3 million for regulatory breaches
The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses across the country. The sanctions come after inspections revealed serious breaches of anti-money laundering and counter-terrorism financing regulations. The fines are in line with Federal Decree Law No. 20 of 2018 and reflect ongoing efforts to uphold the integrity of the UAE's financial system. The names of the entities involved have not been disclosed by the authority. CBUAE has emphasised that all exchange houses, their owners and staff must comply with national laws and regulatory standards to ensure transparency. The #CentralBankUAE imposed varying financial sanctions on six exchange houses in the UAE, amounting to AED12,300,000, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations… — Central Bank of the UAE (@centralbankuae) June 10, 2025
TAG 91.1
10-06-2025
- Business
- TAG 91.1
Six exchange houses fined AED 12.3 million for regulatory breaches
The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses across the country. The sanctions come after inspections revealed serious breaches of anti-money laundering and counter-terrorism financing regulations. The fines are in line with Federal Decree Law No. 20 of 2018 and reflect ongoing efforts to uphold the integrity of the UAE's financial system. The names of the entities involved have not been disclosed by the authority. CBUAE has emphasised that all exchange houses, their owners and staff must comply with national laws and regulatory standards to ensure transparency. The #CentralBankUAE imposed varying financial sanctions on six exchange houses in the UAE, amounting to AED12,300,000, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations… — Central Bank of the UAE (@centralbankuae) June 10, 2025
Arabian Business
28-04-2025
- Arabian Business
RTA announces Dubai to Sharjah bus
A new Dubai to Sharjah bus route will launch this week, with one-way trips from AED12 ($3.27). The Roads and Transport Authority (RTA) is launching the new intercity bus service, Route E308, connecting Stadium Bus Station in Dubai to Al Jubail Bus Station in Sharjah. The route will open Friday, May 2 and the fare for a one-way journey is set at AED12. Dubai to Sharjah bus Adel Shakeri, Director of Planning and Business Development at RTA's Public Transport Agency, said that RTA is committed to expanding the public bus network and improving its integration with other transit modes, such as the metro, tram, and marine transport. He said: 'Enhancing intermodal connectivity is central to positioning public transport as the preferred choice for mobility across the emirate'. Effective May 2, RTA will implement enhancements to several bus routes by rerouting services to offer passengers a smoother, more efficient, and comfortable commuting experience. The improved routes are as follows:
Dubai Eye
28-04-2025
- Business
- Dubai Eye
New intercity bus between Dubai and Sharjah from May 2
A new intercity bus between Dubai and Sharjah is set to begin operating on May 2, while some changes to existing routes will also begin, the Roads and Transport Authority announced on Monday. The bus will connect Stadium Bus Station in Dubai to Al Jubail Bus Station in Sharjah. The fare for a one-way journey was set at AED12. Adel Shakeri, Director of Planning and Business Development at RTA's Public Transport Agency, said that RTA is committed to expanding the public bus network and improving its integration with other transit modes, such as the metro, tram, and marine transport. 'Enhancing intermodal connectivity is central to positioning public transport as the preferred choice for mobility across the emirate,' he added. Effective May 2, the RTA will also implement some changes: Route 17: Now terminates at Baniyas Square Metro Station instead of Al Sabkha Bus Station. Route 24: Re-routed within the Al Nahda 1 area. Route 44: Re-routed from Al Rebat Street to serve Dubai Festival City. Route 56: Extended to reach DWC Staff Village. Routes 66 & 67: A new stop added at Al Ruwayah Farm area. Route 32C: Service between Al Jafiliya Bus Station and Al Satwa Bus Station has been curtailed. Passengers travelling to Al Satwa may use Route F27 for continued service. Route C26: The bus stop has been moved from Al Jafiliya Bus Station to Max Metro Land Side Bus Stop 2. Route E16: Now terminates at Union Bus Station instead of Al Sabkha Bus Station. Route F12: The section between Al Satwa Roundabout and Al Wasl Park has been curtailed; route now re-routed via Kuwait Street. Route F27: Bus stop relocated from Al Jafiliya Bus Station to Max Metro Land Side Bus Stop 2. Route F47: Re-routed within Jebel Ali Industrial Area. Route F54: Extended to serve the new JAFZA South labour camp.
