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Dhruv, Ethan, Farhan, and Aryan lead 12 UAE players in DP World ILT20

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The DP World International League Season 3 Player Selection Process for UAE players was conducted today in Dubai. Three of the most promising UAE stars Ethan D Souza, Aryan Lakra and Dhruv Parashar have earned selections for Season 3.

Left-handed batter D Souza will represent the Sharjah Warriorz while Parashar and Lakra will be part of the Desert Vipers and MI Emirates squads respectively. Recently, Dhruv Parashar was in action for the Desert Vipers Development at the DP World ILT20 Development Tournament 2024, where he bagged five wickets, while Aryan Lakra had featured for Gulf Giants Development, scoring 85 runs and a crucial half century.

The Abu Dhabi Knight Riders have selected Shahid Iqbal Bhutta and Ibrar Ahmed. Shahid Iqbal Bhutta and Ibrar Ahmed had also impressed at the DP World ILT20 Development Tournament 2024, Bhutta represented the ILT20 Pearls taking as six wickets in the tournament while, Ibrar Ahmed finished with six scalps in just four outings for Dubai Capitals Development.

Khuzaima Bin Tanveer who was a part of Desert Vipers Development, will move up to the Vipers squad along with Parashar. The Dubai Capitals have chosen Farhan Khan and Zeeshan Naseer banking on their potent showing with the ball in the Development Tournament with eight and 10 wickets respectively.

Meanwhile the Season 1 champions Gulf Giants have added Muhammad Saghir Khan after his strong performance for the Gulf Giants Development and Muhammad Uzair Khan, the leading wicket taker with 16 wickets for the ILT20 Pearls at the DP World ILT20 Development Tournament 2024, to their squad.

Defending champions MI Emirates have reselected seasoned UAE pacer Zahoor Khan, following his stint with the ILT20 Pearls in the DP World ILT20 Development Tournament 2024 that saw him pick up five wickets with Lakra being their other pick.
Former UAE captain Rohan Mustafa will represent the Warriorz with fellow southpaw Ethan D Souza. Rohan Mustafa will look to carry his strong form for the ILT20 Pearls in the DP World ILT20 Development Tournament 2024 that earned him 149 runs in the tournament.

The promising teenager, D’Souza, scored an impressive 84 against Pakistan U19 while representing the UAE U19 in the ongoing ACC Men’s U19 Asia Cup 2024.

The teams have now completed their UAE signings for Season 3.

Players chosen through the UAE Player Selection Process:
Abu Dhabi Knight Riders: Shahid Iqbal Bhutta, Ibrar Ahmed
Desert Vipers: Khuzaima Bin Tanveer, Dhruv Parashar
Dubai Capitals: Farhan Khan, Zeeshan Naseer
Gulf Giants: Muhammad Saghir Khan, Muhammad Uzair Khan
MI Emirates: Zahoor Khan, Aryan Lakra
Sharjah Warriorz: Rohan Mustafa, Ethan D’Souza

Announcements

UAE’s Jaywan card can now be used for online shopping on thousands of websites

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Online shopping with the UAE’s Jaywan card just got a major upgrade.

Network International has announced that Jaywan cardholders can now use their cards to pay on thousands of online stores connected to its payment gateway, expanding the domestic payment scheme beyond in-store purchases.

The move is expected to make online payments faster and more convenient while supporting the UAE’s push towards a cashless economy.

What is Jaywan?

Launched by Al Etihad Payments, a subsidiary of the Central Bank of the UAE, Jaywan is the country’s domestic payment card scheme.

It was introduced to provide a secure local payment option, reduce transaction costs and strengthen the UAE’s digital payments ecosystem.

Until now, Jaywan cards were mainly accepted for in-store purchases. With the latest expansion, cardholders can also use them for online shopping across thousands of merchants powered by Network International.

What this means for shoppers

For UAE residents, the update means more flexibility when shopping online.

Whether you’re ordering groceries, booking services or buying products online, you’ll be able to use your Jaywan card anywhere that supports Network International’s payment gateway.

The company says the integration offers secure, fast and seamless online payments, while merchants won’t face additional charges for Jaywan transactions processed through its platform.

A step towards a cashless UAE

The expansion is part of the UAE’s broader strategy to accelerate digital payments and reduce reliance on cash.

By making Jaywan available both in stores and online, payment providers are helping create a more connected digital payment ecosystem for businesses and consumers alike.

As more banks, merchants and payment providers adopt the scheme, residents can expect to see Jaywan accepted across even more everyday payment services in the future.

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Dubai Chambers launches one-stop digital platform to help businesses start, grow and expand

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Starting and growing a business in Dubai is set to become easier with the launch of Business in Dubai, a new digital platform by Dubai Chambers that brings together essential corporate services in one place.

Designed as a single gateway for companies, the platform connects businesses with trusted service providers, helping them access everything from financial solutions to technology, marketing and certification services without having to navigate multiple channels.

The initiative aims to simplify business operations while strengthening Dubai’s position as one of the world’s most competitive destinations for investment and entrepreneurship.

What does the platform offer?

The Business in Dubai platform currently provides 65 corporate services through seven accredited partners, offering companies a wide range of support as they establish or expand their operations in the emirate.

The services are grouped into four key categories:

  • Financial services
  • Marketing and business growth services
  • Technology services
  • Testing, inspection and certification services

The current network of partners includes ZENDATA Cybersecurity, FAST Ventures, Mamo, OCTA, SGS Gulf Limited, Vault, and Pemo.

Helping businesses grow

Dubai Chambers said the platform has been designed to save companies time and resources by bringing multiple business services under one digital roof.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the initiative reflects the organisation’s commitment to creating an environment that supports business growth both locally and internationally.

He said the platform will strengthen Dubai’s investment ecosystem by making it easier for companies to access the services they need to scale their operations and contribute to the emirate’s long-term economic development.

Boost for the digital economy

Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, said the platform will particularly benefit businesses operating in the digital economy by simplifying access to trusted service providers.

He added that the initiative creates a more flexible and efficient business environment, enabling entrepreneurs and companies across different sectors to focus on growth rather than administrative processes.

A single digital gateway

By consolidating key business services onto one platform, Dubai Chambers aims to reduce the time and effort companies spend searching for service providers, allowing them to concentrate on innovation, expansion and day-to-day operations.

The launch forms part of Dubai’s wider efforts to strengthen its business ecosystem and reinforce its position as a leading global hub for trade, investment and entrepreneurship.

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What the new DIFC investment fund proposals mean for investors

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Dubai’s financial regulator is planning the biggest update to the Dubai International Financial Centre (DIFC) investment fund rules in more than a decade.

The Dubai Financial Services Authority (DFSA) has launched a public consultation on a wide-ranging package of reforms designed to modernise the DIFC’s investment fund framework, simplify regulations for fund managers and strengthen investor protection.

Here’s what you need to know.

Why is the DFSA changing the rules?

The DFSA says the investment fund industry has evolved significantly since the current framework was introduced in 2006.

The proposed reforms aim to:

  • Modernise regulations to reflect today’s investment market.
  • Reduce unnecessary compliance requirements.
  • Make it easier for fund managers to operate.
  • Maintain strong investor protection.
  • Align DIFC regulations with international best practices.

What are the proposed changes?

The consultation includes several key proposals:

More flexible rules for private investment funds

The DFSA plans to replace rigid classifications for specialist private funds with a more flexible framework that can better accommodate modern investment strategies.

Simpler licensing for fund managers

Investment managers may no longer need separate licences for certain activities, such as arranging investments or dealing on behalf of clients, as these would be covered under an existing asset management licence.

Updated rules for master-feeder funds

The regulator also wants to modernise regulations governing “master-feeder” fund structures to reflect current market practices better.

Removal of the external fund manager regime

The DFSA proposes removing the external fund manager framework as more firms are now seeking direct authorisation from the regulator.

More investment opportunities for employees

Employees could be given greater flexibility to invest in private funds managed by their own employers, either directly or through dedicated investment vehicles.

Technical improvements

The consultation also proposes several technical amendments to improve clarity and consistency within the Collective Investment Law.

Could tokenised investment funds become a reality?

The consultation also seeks industry feedback on regulating tokenised investment funds.

Tokenisation uses blockchain technology to represent ownership units digitally, potentially making investment funds more efficient and accessible.

At this stage, the DFSA is only gathering feedback and has not proposed formal regulations.

Will retail investors get access to more investment opportunities?

Another topic under discussion is the possible introduction of a long-term investment fund regime.

If developed in the future, it could allow retail investors to access certain long-term assets—such as infrastructure projects or private market investments- that are currently limited to professional investors.

No regulatory changes have been proposed yet; the regulator is first seeking industry views.

Who can provide feedback?

The consultation is open until September 7, 2026.

The DFSA is inviting comments from:

  • Fund managers
  • Asset managers
  • Fund administrators
  • Legal advisers
  • Auditors
  • Compliance professionals
  • Other participants in the DIFC investment funds industry

The proposals form part of Dubai’s wider efforts to strengthen its position as a leading regional hub for wealth and asset management while ensuring regulations remain modern, proportionate and investor-focused.

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