UAE Honors Space Pioneers for National Contributions on Union Day

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 As part of its Union Day celebrations, the UAE paid tribute to a group of exceptional individuals whose groundbreaking contributions have solidified the nation’s position as a global leader in space exploration. The recognition ceremony highlighted the UAE’s unwavering commitment to scientific advancement and its vision of empowering future generations through pioneering achievements in the space sector. Under the directives of His Highness Sheikh Mohammed bin Zayed Al Nahyan, these individuals were honored for their remarkable efforts in shaping the UAE’s journey in space exploration and inspiring a legacy of innovation. Recognizing National Icons The ceremony celebrated the achievements of several key figures in the UAE’s space sector, whose dedication and innovation have propelled the nation into the global spotlight: First Class Space Medal: Awarded to astronauts Sultan Al Neyadi and Hazza Al Mansouri. Sultan Al Neyadi captured global attention with his six-month mission aboar...
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UAE Leaves "Grey List" After Completing FATF Recommendations Successfully

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UAE

The United Arab Emirates has achieved a noteworthy milestone in its efforts to combat money laundering and terrorism financing, as the Financial Action Task Force (FATF) has stated that the country has successfully implemented all 15 recommendations included in its action plan. Due to this accomplishment, the UAE and its financial center, Dubai, have been taken off the FATF's "grey list" of nations where there is a risk of illegal money flows.  

The United Arab Emirates' efforts to entice foreign investment have been reinforced by its dedication to augmenting financial investigations, fostering international collaboration, and harmonizing its regulation of virtual assets with global norms. Key leaders in this regard include Khalid Mohammed Salem Balama Al Tamimi, Governor of the Central Bank of the United Arab Emirates, and Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED). They have highlighted the nation's commitment to preventing money laundering and financing of terrorism by means of international cooperation and a risk-based regulatory framework.   

The UAE's standing as an economic and investment hub is reinforced by the successful implementation of the FATF's recommendations. The country offers a hospitable environment, plenty of investment opportunities, and strong policies that draw major players in a variety of sectors and Foreign Direct Investments (FDIs). This accomplishment strengthens the UAE's standing as a global leader in the fight against financial crimes and demonstrates its dedication to upholding the highest standards of financial integrity and transparency.   

 

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