Author: Gulf Times

Experience the perfect blend of luxury living and robust investment potential, nestled in the heart of the United Arab Emirates. The UAE, renowned globally for its breathtaking architecture and booming real estate, is the ultimate destination for discerning investors. Now, a promising new venture is on the horizon. Less than an hour from Dubai lies a sparkling jewel: Al Marjan Island, set to be home to the world’s largest facility to be used for social amusements, Wynn Al Marjan Island. Al Marjan Island is preparing to host the biggest gaming club in the world: the forthcoming Wynn Al Marjan Island.…

The anti-money laundering branch of the Central Bank of the UAE on Monday issued guidelines to deal with unlicensed virtual asset service providers (VASPs). The National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC) says VASPs operating in the UAE without a valid licence will be subject to civil and criminal penalties including, but not limited to, fines against the entity, owners, and senior managers. Firms that demonstrate willful blindness in dealing with unlicensed VASPs, and have weak anti-money laundering, combating financing of terrorism (AML/CFT) and counter-proliferation financing controls could also be…

LAS PALMAS, Spain: Atlético Madrid wasted their chance to go joint top of the Spanish league on Friday after a surprise 2-1 defeat at Las Palmas. The capital side started the day in third place — three points behind Real Madrid and Girona but with a game in hand. Having won their previous six league games, Atletico were a hot favorite to make it seven straight but second-half goals from Kirian Rodriguez and Benito Ramírez gave the home side a healthy lead. Alvaro Morata pulled a goal back for the visitors with seven minutes remaining but it was not enough…

KATMANDU: At least 132 people were killed in an overnight earthquake that struck a remote pocket of Nepal, officials said Saturday, as security forces rushed to assist with rescue efforts. The 5.6-magnitude quake hit the far west of the Himalayan country late Friday and was measured by the US Geological Survey at just 18 kilometers (11 miles) deep. Videos and photos posted on social media showed locals digging through rubble in the dark to pull survivors from the wreckage of collapsed homes and buildings. Mud houses were flattened or damaged as survivors crouched outside for safety, the sirens of emergency…

  SLAMABAD: Pakistan’s central bank chief signed a Memorandum of Understanding (MoU) with the Arab Monetary Fund (AMF) in Abu Dhabi on Friday to create a cooperative framework for an instant cross-border payment system, enhancing the swift flow of remittances.The initiative is pivotal as a considerable number of Pakistanis, employed in varied sectors like construction, services, health care, and IT in the Middle East, send significant amounts of money that are a cornerstone of Pakistan’s economy.Established in 1976, the AMF is an organization with key members such as Saudi Arabia and the UAE, and is committed to advancing financial cooperation…

President Sheikh Mohamed and Emirati astronaut Sultan Al Neyadi on Friday led the celebrations as the nation came together to mark  UAE Flag Day. The UAE leader proudly raised the national flag at a ceremony at Qasr Al Hosn in Abu Dhabi alongside the trailblazing explorer, who returned to Earth in September after a six-month mission aboard the International Space Station. Flag Day is observed on November 3 each year to celebrate the accession of the late Sheihk Khalifa as President of the UAE in 2004. “On Flag Day, we stand in unity to raise the UAE flag which…

  Bahrain normalised ties with Israel in 2020 as part of the controversial Abraham Accord, in which the UAE and Morocco also established relations. Bahrain said it has expelled the Israeli ambassador to Manama and recalled its envoy from Tel Aviv on Thursday, citing the ongoing Israeli war on Gaza where nearly 9,000 Palestinians have been killed. In a statement, the Bahraini parliament said the moves were part of measures taken in support of “the Palestinian cause and the legitimate rights of the Palestinian people”. “We confirm the departure of the Israeli ambassador to the country, the return of the…

  Buying, selling rates may differ when considering the currency exchange or open market rates On Wednesday, the exchange rate for the UAE Dirham (AED) to the Pakistani Rupee (PKR) stands at Rs76.53. This marks a slight decrease of 10 paisas compared to the previous rate of Rs76.63. This change in the AED to PKR rates within Pakistan’s currency exchange market has caught the attention of many. The interbank conversion rate currently sits at Rs76.53, and it’s worth noting that rates may vary in the open market, both for buying and selling. The 10 paisas drop in the UAE Dirham…

  Canada-based singer clarified that a fan had thrown hoodie to him Punjabi rapper Shubhneet Singh, widely known as Shubh, has called for an end to the spread of “hate and negativity” following a recent controversy surrounding a hoodie he displayed during a concert in London. The recent controversy stemmed from a concert in London where videos circulating online showed Shubh picking up a black hoodie from the floor and displaying it to the audience. Critics argued that the hoodie featured a map of Punjab and an image of India’s former prime minister Indira Gandhi who was assassinated by her…

he murder toll from the ongoing Israeli incursions in the Gaza Strip has mounted to at least 8,805 Palestinians, including 3,648 children. An emotional Ons Jabeur has announced that she will be donating a portion of her GNP Seguros WTA Finals Cancun prize money to Palestinians facing Israeli aggression. The World No.7 said she could not be happy with her victory at the season-ending championships due to the rising death toll in Gaza, where nearly 9,000 have been killed by relentless Israeli bombing. “I am very happy with the win, but I haven’t been happy lately, to be honest with…