Abu Dhabi Securities Exchange welcomes move on the region’s first special purpose acquisition company regulatory framework
Securities and Commodities Authority
Federal Public Prosecution
Dubai developer Union Properties’ chairman held amid probe
Shareholders have approved Khalifa Al Hammadi’s dismissal along with three others from the company’s seven-member board
Federal Public Prosecution
UAE authorities launch ‘major investigation’ into Dubai’s Union Properties
Investigation involves “complaints lodged by the Securities and Commodities Authority on allegations of financial violations”, according to state-run news agency WAM
female leadership
UAE markets regulator gets female CEO as Al Suwaidi takes charge
Appointment to lead the Securities and Commodities Authority was made in a presidential decree on Sunday
crypto assets
DWTCA, SCA team up to regulate crypto assets in Dubai
Under the agreement, SCA will oversee, monitor, and inspect entities operating within DWTCA’s free zone
Dubai Islamic Bank
Dubai Islamic Bank raises foreign ownership to 40%
Foreign ownership limit increased from 25%, driven by strong investor demand
crypto business
Dubai free zone to set up regulatory framework for crypto businesses
Dubai Multi Commodies Centre signs agreement with the Securities and Commodities Authority to offer bespoke licences
freeze funds
UAE’s SCA orders accounts of nine Iranians frozen
The government is urging companies and investors to report any suspicious transactions
Dubai Financial Market
Marka shares remain suspended until September
The company has not turned a profit since it was first established in 2014.