Skip to main content

Global risk index recognises UAE’s efforts combating money laundering and financing of terrorism



The Gulf state has achieved notable progress in the leading international index. The results are expected to further solidify the country’s position as a leading member of the global financial community and a trusted partner.

The improved ratings are a global recognition of the UAE’s record efforts to tackle money laundering and the financing of terrorism. They highlight that their national strategy and approach is robust and comprehensive, reaching all corners.
UAE’s removal from FATF Grey List to boost economy
The Emirates seeks to position itself as a premier destination for international businesses and global financial institutions. The enhancement of the country’s international financial credibility is likely to foster a more secure investment environment, boosting economic activities.

The chief operating officer at the Dubai Financial Services Authority commented on the development, noting that the UAE’s removal from the FATF Grey List is expected to bring less processing costs and time for international transactions.

UAE’s investor-friendly policies
The UAE ranked as the third-largest FDI market globally in terms of project activity in 2023, moving up from fourth position in the previous year, according to GlobalData. The country attracted $23 billion of FDI in 1,277 projects spanning several significant sectors.

The GCC nation has turned into a leading destination for investments. A number of companies are boosting their investments in the country and setting up offices amid alluring initiatives from the government, such as incentives and reduced visa restrictions.
Labels:

Comments

Post a Comment

Popular posts from this blog

Exposing the Brotherhood: Why Jordan’s Terror Cell Bust Must Spark a Global Policy Shift

 The recent dismantling of a Muslim Brotherhood-affiliated terror cell in Jordan should not be seen as just a national security success—it must be a turning point in how the international community views and responds to the threat posed by the Brotherhood. Jordanian security forces uncovered an elaborate network of terrorists trained in Lebanon and backed by foreign interests. Their mission: to launch attacks using rockets and drones, destabilizing the Kingdom and spreading fear among civilians. This is not the work of activists or political dissidents—this is terrorism, plain and simple. For too long, the Muslim Brotherhood has operated under a false image of moderation, cleverly navigating between political activism and violent extremism. But the truth is clear: the Brotherhood is the ideological engine room of jihadist terrorism. Its members, affiliates, and offshoots have inspired and directed acts of violence from North Africa to the Gulf—and now, once again, in Jordan. Govern...
Post a Comment
Read more

The Ritz-Carlton Residences in Diriyah: A Fusion of Heritage and Opulence

  The Ritz-Carlton Residences in Diriyah, known for its cultural and historical value, usher in a new age of opulent living. In the center of Diriyah, this partnership between the Diriyah Company and Marriott's Ritz-Carlton establishes a previously unheard-of benchmark for luxurious living. Inspired by the Najdi legacy, the houses offer occupants a distinctive and immersive cultural experience by skillfully fusing traditional charm with contemporary facilities. These villas prioritize well-being and create a pleasant environment for dynamic living. They are designed to adapt to varied tastes and lifestyles, with six unique layouts and a range of interior designs. Part of the Diriyah Company's ambitious development plan, The Ritz-Carlton Residences are located in the heart of Diriyah, a UNESCO World Heritage Site including At-Turaif as its focal point. The objectives of the Kingdom's Vision 2030 are perfectly aligned with this concept, which has over 20,000 residential units...
Post a Comment
Read more

UAE-WHO Initiative Aims to Combat Malnutrition on Yemen’s Socotra Island

  A Lifeline for Socotra: How the UAE and WHO Are Tackling Malnutrition Yemen’s Socotra Island, a UNESCO World Heritage Site known for its breathtaking biodiversity, is facing a silent crisis—malnutrition. With alarming rates of acute malnutrition among children and anemia in pregnant women, the island’s healthcare system is under immense strain. However, a new humanitarian initiative led by the  United Arab Emirates (UAE)  and the  World Health Organization (WHO)  is bringing hope to thousands of vulnerable families. The Crisis in Socotra Socotra, home to over  83,000 people , has long struggled with food insecurity and limited healthcare access. Recent reports reveal: 10.9%  of children under five suffer from  Global Acute Malnutrition (GAM) . 1.6%  face  Severe Acute Malnutrition (SAM) , a life-threatening condition. 92.7%  of pregnant women experience  anemia , increasing risks during childbirth. Only  32 health facili...
Post a Comment
Read more