Latest news with #AED7
Al Etihad
14-06-2025
- Business
- Al Etihad
Abu Dhabi honours outstanding educators and school programmes at 2nd ADEK Awards
14 June 2025 15:07 ABU DHABI (ALETIHAD)The second ADEK Awards has concluded with winners across public, private, and charter schools, recognising outstanding contributions of educators and school programmes within Abu Dhabi's education on the success of the inaugural edition, the 2025 awards included 16 categories, and provides recognition and financial prizes totalling AED7 million to 33 winners, with new areas highlighting efforts in AI integration, anti-bullying initiatives, school collaboration with ADEK, and expanded recognition for early education than 500 submissions were evaluated by subject matter experts, who identified impactful initiatives and meaningful efforts that went above and beyond in creating nurturing learning environments where students can truly awards also recognised 17 schools that showcased improvement in student progress and attainment across Standardised Benchmark Assessments (SBA) in English, Math, and Science. The ADEK Awards aim to inspire a culture of continuous improvement where winning schools will also have the opportunity to share their best practices, enabling others to learn, grow and elevate the collective impact of education across Abu Dhabi. Source: Aletihad - Abu Dhabi
ARN News Center
29-05-2025
- Business
- ARN News Center
Two foreign bank branches fined AED 18 million for regulatory breaches
The Central Bank of the UAE has issued major financial penalties against two foreign bank branches operating in the country. The first bank was fined AED 10.6 million, while the second faces a penalty of AED 7.5 million. This comes after examinations by the Central Bank uncovered violations of anti-money laundering laws and failures to comply with regulations on combating the financing of terrorism and illegal organisations. The names of the banks involved have not been disclosed by the authority. In a statement, the Central Bank said it remains committed to ensuring that all banks and their employees follow national laws and uphold the highest standards of transparency, compliance and financial integrity. The #CentralBankUAE imposed financial sanctions on two branches of foreign banks operating in the UAE, amounting to AED10,600,000 for the first bank and AED7,500,000 for the second bank, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering… — Central Bank of the UAE (@centralbankuae) May 28, 2025
Dubai Eye
28-05-2025
- Business
- Dubai Eye
Two foreign bank branches fined AED 18 million for regulatory breaches
The Central Bank of the UAE has issued major financial penalties against two foreign banks operating in the country. The first bank was fined AED 10.6 million, while the second faces a penalty of AED 7.5 million. This come after examinations by the Central Bank uncovered violations of anti-money laundering laws and failures to comply with regulations on combating the financing of terrorism and illegal organisations. The names of the banks involved have not been disclosed by the authority. In a statement, the Central Bank said it remains committed to ensuring that all banks and their employees follow national laws and uphold the highest standards of transparency, compliance and financial integrity. The #CentralBankUAE imposed financial sanctions on two branches of foreign banks operating in the UAE, amounting to AED10,600,000 for the first bank and AED7,500,000 for the second bank, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering… — Central Bank of the UAE (@centralbankuae) May 28, 2025
Gulf Insider
28-04-2025
- Automotive
- Gulf Insider
Dubai Number Plate Fetches $2.27mn at Weekend Auction
A premium number plate sold for AED8.35 million during a public auction in Dubai on Saturday evening. The Roads and Transport Authority (RTA) organised the event, which generated approximately AED100 million in total revenue. The top-selling plate, CC22, commanded the highest price at the auction. The 118th open auction for exclusive vehicle number plates, hosted by #RTA on Saturday evening, April 26, 2025, set a new all-time record, generating about AED 100 million in proceeds, the highest ever achieved in RTA number plate auction the bids was plate (CC…— RTA (@rta_dubai) April 27, 2025 Premium Dubai licence plates generate AED100 million in weekend sale Number plate BB20 achieved the second-highest bid at AED7 million, while BB19 sold for AED6.68 million. The AA707 plate reached a price of AED3.31 million. Another notable sale was AA222, which fetched AED3.3 million. Participants were required to provide a security cheque deposit of AED25,000 to enter the bidding process. '[The auction] set a new all-time record, generating about AED 100 million in proceeds, the highest ever achieved in RTA number plate auction history,' RTA said via X. This latest auction follows the trend of premium number plates commanding multi-million dirham prices in the emirate, reflecting their status as investment assets for many buyers. Last month, Dubai real estate Roads and Transport AuthorityMuhammad Binghatti paid AED35 million for a DD number plate. Also read: Saudi Arabia, Qatar Clear Syria's $15mn World Bank Debt: Report Source Arabian Business
Arabian Business
27-04-2025
- Automotive
- Arabian Business
Dubai number plate fetches $2.27mn at weekend auction
A premium number plate sold for AED8.35 million during a public auction in Dubai on Saturday evening. The Roads and Transport Authority (RTA) organised the event, which generated approximately AED100 million in total revenue. The top-selling plate, CC22, commanded the highest price at the auction. The 118th open auction for exclusive vehicle number plates, hosted by #RTA on Saturday evening, April 26, 2025, set a new all-time record, generating about AED 100 million in proceeds, the highest ever achieved in RTA number plate auction history. Topping the bids was plate (CC… — RTA (@rta_dubai) April 27, 2025 Premium Dubai licence plates generate AED100 million in weekend sale Number plate BB20 achieved the second-highest bid at AED7 million, while BB19 sold for AED6.68 million. The AA707 plate reached a price of AED3.31 million. Another notable sale was AA222, which fetched AED3.3 million. Participants were required to provide a security cheque deposit of AED25,000 to enter the bidding process. '[The auction] set a new all-time record, generating about AED 100 million in proceeds, the highest ever achieved in RTA number plate auction history,' RTA said via X. This latest auction follows the trend of premium number plates commanding multi-million dirham prices in the emirate, reflecting their status as investment assets for many buyers. Last month, Dubai real estate Roads and Transport Authority
