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Dubai’s monetary controller intends to dispatch cryptographic money guidelines in final quarter

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Dubai controller dispatches expansive system for speculation tokens.

The Dubai Financial Services Authority (DFSA) plans to dispatch a different administrative system covering ‘trade tokens’ (also called cryptographic forms of money), utility tokens and certain resource supported tokens (Stablecoins) in the final quarter.

“Our meeting on speculation tokens empowered us to get what firms were searching for in an administrative system and present a system that is applicable to the market,” said Peter Smith, Managing Director, Head of Strategy, Policy and Risk at DFSA.

Dubai’s monetary area guard dog dispatched its administrative system for speculation tokens. The system mirrors the proposed guidelines illustrated in Consultation Paper 138 gave in March last and will shape the first of two periods of the DFSA’s Digital Assets system.

The administrative system characterizes a speculation token as either a security token or a subordinate token. They are:

• A security or subsidiary as a cryptographically gotten computerized portrayal of privileges and commitments that is given, moved and put away utilizing disseminated record innovation (DLT) or other comparative innovation; and

• A cryptographically got advanced portrayal of freedoms and commitments that is given, moved, and put away utilizing DLT or other comparable innovation and: (I) gives privileges and commitments that are significantly comparative in nature to those gave by a Security or Derivative; or (ii) has a generously comparative reason or impact to a Security or Derivative.

The venture tokens’ administrative system applies to people or substances intrigued to advertise, issue, exchange or hold speculation tokens in or from Dubai International Financial Center (DIFC). It applies to approved firms wishing to embrace monetary administrations identifying with venture tokens or overseeing optional portfolios or aggregate speculation supports putting resources into venture tokens.

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Dubai-based expat wins Dh150,000 in Big Ticket Abu Dhabi raffle

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An Indian expat living in Dubai has won Dh150,000 in the latest Big Ticket Abu Dhabi weekly e-draw, part of Series 276.

Naushadh Chathery, a 37-year-old driver from Kerala, struck lucky in the weekly raffle. He has been living and working in Dubai for the past 15 years while his family remains back home in India.

Win 20 Years in the Making

Chathery has been participating in Big Ticket for two decades, sometimes solo, sometimes with a group of friends. For this draw, he opted for the popular ‘Buy 2, Get 4 Free’ bundle with 10 friends, and it was one of the free tickets that clinched their win.

Chathery said that the group plans to split the prize, and he will save his share. His eyes are now firmly set on the grand prize of Dh25 million.

Countdown to Dh25 Million Grand Draw

The Dh150,000 prize comes ahead of the grand finale on July 3, when one lucky winner will walk away with Dh25 million. On the same day, three others will win Dh75,000 each as part of the e-draw series.

Tickets can be purchased online at www.bigticket.ae or at counters at Zayed International Airport and Al Ain Airport.

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Got traffic fines in Abu Dhabi? Pay early and save up to 35%

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Abu Dhabi Police are reminding motorists to take advantage of generous discounts on traffic fines if they pay early.

Under the ongoing “Take the Initiative and Benefit” campaign, drivers can get a 35% discount on fines if they settle them within 60 days of issuance. After that, a 25% discount still applies, but only for non-serious violations.

Easy, Digital Payments

To make things easier, the fines can be paid through multiple digital channels, including the Abu Dhabi Police website and mobile app, ensuring quick, hassle-free transactions.

The initiative is part of a broader effort to:

  • Promote road safety
  • Encourage responsible driving
  • Support the community by easing financial burdens and encouraging legal compliance

Don’t Let Fines Pile Up

Brigadier Mahmoud Yousef Al Balushi, Director of the Traffic and Security Patrols Directorate, stressed the importance of timely payment and compliance with traffic laws. Avoiding delays not only ensures a cleaner driving record, but also helps residents make the most of available discounts.

The discounts

  • 35% discount: Pay within 60 days
  • 25% discount: After 60 days (excludes serious violations)
  • Pay easily via the official website and app
  • Campaign goal: Safer roads, less financial stress

So if you’ve got a traffic fine, now’s the time to clear it.

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Dubai’s Jebel Ali Metro Station gets a new name

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Dubai’s Roads and Transport Authority (RTA) has announced a major naming rights deal that will see Jebel Ali Metro Station rebranded as National Paints Metro Station for the next decade.

The move follows a partnership between National Paints Factories Co. and Hypermedia, in coordination with Mada Media, the RTA’s exclusive naming rights concessionaire. The deal positions the metro station, located in the heart of the Jebel Ali Free Zone, one of Dubai’s most active industrial corridors, as a powerful branding platform.

A Strategic Public-Private Collaboration

Abdul Mohsen Kalbat, CEO of RTA’s Rail Agency, said the agreement reflects the government’s ongoing efforts to deepen collaboration with the private sector while opening new doors for business and employment.

Mada Media CEO Mohamad Al Hammadi echoed the sentiment, calling the deal a new chapter in turning metro stations into high-impact media zones. National Paints Managing Director Samer Sayegh added that the renaming aligns with the company’s commitment to supporting the UAE’s urban and infrastructure development.

What’s Next?

The transition will roll out gradually between July and October 2025, during which all signs, maps, digital boards, mobile apps, and onboard announcements will be updated to reflect the new National Paints Metro Station branding.

The station is part of Dubai Metro’s Red Line, serving a key economic zone that’s home to major industrial players and logistics operations.

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