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Dubai’s financial regulator to give enhanced legal cover to whistleblowers

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Now, those who blow the lid off misconduct and anomalies within DFSA-regulated entities will get an enhanced legal shield.

A regulatory regime to protect whistleblowers has been launched by the Dubai Financial Services Authority (DFSA).

It will apply to all entities regulated by DFSA, functioning in or from the Dubai International Financial Centre (DIFC).

The regime is the first-of-its kind initiative to be rolled out by a financial service regulator in the UAE.

The regulator said the regime provides better legal protection for persons who report misconduct internally within DFSA-regulated entities or externally to their auditor, the DFSA or a law enforcement agency.

It will help make these entities transparent and bring about accountability.

An exclusive DFSA whistleblowing email address has been made – whistle@dfsa.ae. Any regulatory issues can be reported directly to the email.

The Regulatory Law 2004 was amended to improve the legal protection provided to those who report irregularities.
Any information of misconduct escalated with DFSA remains confidential. The regulator responds to it within 28 working days.

Event

UAE Alumni Commemorate Sir Syed Day in Honor of AMU Founder, with AMU VC as Chief Guest

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In a significant celebration of educational and cultural ties between the UAE and India, the UAE-based alumni of Aligarh Muslim University (AMU) recently gathered at the Coral Beach Resort in Sharjah to honor Sir Syed Day, marking the birth of the university’s founder, Sir Syed Ahmad Khan. This event highlights the deep-rooted connections between AMU and the UAE, emphasizing the university’s influence and the contributions of its alumni.

Sheikh Mohamed bin Zayed al Nahyan, President of the UAE, has long been a supporter of good relations with India. His father, Sheikh Zayed bin Sultan al Nahyan, laid the groundwork for this relationship in 1975 when he visited AMU and made a generous donation aimed at establishing petroleum studies. Sheikh Zayed recognized India’s potential as a major consumer of Abu Dhabi’s oil and saw the value in leveraging its human resources for research and innovation in energy.

The legacy of Sheikh Zayed was honored during Sheikh Mohamed’s visit to India in January 2017, when the Khalifa Foundation, alongside VPS Healthcare, gifted AMU a digital accelerator worth two million dollars, enhancing cancer treatment capabilities at the university’s Jawaharlal Nehru Medical College.

The recent gathering of AMU alumni in the UAE was graced by the presence of AMU’s vice chancellor, Dr. Naima Khatoon, the first woman to hold the position. She expressed the importance of maintaining a connection with AMU, noting that Sir Syed Ahmad Khan’s vision for modern education continues to inspire countless students.

“In celebrating Sir Syed Day with our esteemed alumni here in the UAE, we honour not just the legacy of Sir Syed Ahmad Khan but also the profound connections that bind us to this remarkable nation. Together, we reaffirm our commitment to fostering knowledge and innovation, ensuring that the ideals of education and community thrive across borders,” said Dr Khatoon.

Organizer Asim Fareed emphasized that the celebration not only honored Sir Syed’s contributions but also strengthened the alumni community’s bond, showcasing AMU’s enduring impact on its graduates and society at large. “It is our way of paying tribute to Sir Syed, whose vision ensured that education thrives in India. We are also thankful to UAE for the constant support and providing us with a land of opportunities. The gathering of more than 600 alumni at one place is a celebration of the positive impact of AMU on our lives and the broader community,” Fareed added.

“Gathering with fellow AMU alumni today to celebrate Sir Syed Day is a powerful reminder of our shared commitment to education and empowerment. Together, we are not just a network; we are a family dedicated to making a positive impact in our communities and beyond,” said Qamar Sherwani, AMU Alumnus. The event featured cultural performances, discussions on the role of education in shaping futures, and opportunities for alumni to connect and collaborate on initiatives, reinforcing the significance of AMU’s global reach and the collective commitment to its mission of education and empowerment.

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Hong Kong Cricket Unveils Star-Studded Commentators for Hong Kong Sixes 2024

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Hong Kong Cricket is excited to announce a star-studded lineup of commentators and presenters for the highly anticipated and thrilling Hong Kong Sixes 2024 tournament which is scheduled to take place from November 1 to November 3 at the Tin Kwong Road Cricket Ground, featuring 12 teams, competing in six-a-side matches. Fans can watch all the action Live on Star Sports Network and Fancode.

The competition that has made a return after seven years promises to be an exhilarating showcase of cricketing talent, and our expert team is ready to deliver all the action live. The starry list of commentators includes the likes of Dominic Cork, Brad Hogg, Niall O’Brien and Ryan Campbell.

Dominic Cork, a former England cricketer who retired in 2011, is now a dynamic cricket speaker known for his insightful commentary and bowling expertise.

Former Australia cricketer and legendary spinner, Brad Hogg enjoyed a distinguished 25-year playing career before transitioning into a popular media personality and commentator. He is well known for his bold predictions and in-depth analysis of the game.

Niall O’Brien is a former Ireland international cricketer who has a profound understanding of the game and is celebrated for his engaging commentary style. He was known for his aggressive batting style during his playing days.

Former Australian international and Hong Kong representative, Ryan Campbell has also served as the head coach of the Netherlands. His insights into both Full Member and associate teams make him a valuable addition to this commentary team.

Abhishek Jhunjhunwala, Suren Sundaram and Nashpreet Kaur will be the part presenters’ team.
Suren Sundaram is an Indian radio jockey, TV presenter, and sports anchor. He brings his expertise and charm to our coverage, which will enhance the viewing experience.

A former first-class and IPL cricketer turned TV presenter, Abhishek Jhunjhunwala possesses a passion for cricket and a talent for engaging storytelling, keeping fans entertained and informed.

Nashpreet Kaur is known for her vibrant personality and charisma. Nashpreet will guide viewers through the tournament, ensuring an engaging experience.

Don’t miss a moment of the action! Tune in to Star Sports and Fancode to catch all the thrilling matches of the Hong Kong Sixes 2024, featuring 12 teams competing for glory. Join us as we celebrate cricket in its most exciting form! The broadcast begins at 8:15 AM (Hong Kong Time) and 5:45 AM (IST).

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Colliers Project Leaders, Middle East secures $250-million World Trade Center, Yerevan project

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Leading diversified project management firm, Colliers Project Leaders – Middle East, has won the mandate to deliver end-to-end project management solutions for Armenia’s new World Trade Center in Yerevan, valued at USD ~250 million. A public-private partnership between the Armenian government and Renshin Ltd., the project is designed to be a state-of-the-art mixed-use development that will be home to commercial spaces, offices, retail outlets, hotels and exhibition halls. Well known for its expertise in the real estate industry and project management, Colliers has a proven track record of delivering large-scale, marquee projects including the World Trade Center in Bengaluru, India.

Colliers Project Leaders has a growing presence in the Middle East and has earned widespread recognition for its delivery of superior projects over the years, across segments like infrastructure, residential, education, healthcare and office. Known for its visionary leadership and the adoption of advanced tools and technologies, the firm has been redefining project management in the Middle East.

“We have always placed a strong emphasis on consistently growing our capabilities to keep up with the needs of the market. Whether it is the adaption of global best practices or the development of pioneering technologies, our end goal has always been to deliver superior outcomes. A project of this scale requires industry-leading strategic and technical expertise, which is our proven capability. We are grateful to Renshin Limited and the Government of Armenia for entrusting us with this marquee assignment and look forward to collaborating with our internal and external stakeholders in Middle East, India and Georgia to bring it to life.”, says Sankey Prasad, Chairman & Managing Director, Middle East & India, Colliers.

“The World Trade Center Yerevan project is a mixed-use, net-zero, landmark real estate development promising to become the new face of Yerevan. To deliver upon this promise, we are engaging the top talent, top expertise, and top global firms. After a rigorous and tough tendering process, we are glad to announce that Colliers Project Leaders were selected to become our trusted partners. We are especially happy and proud that our project has triggered Colliers International Group Inc. – Nasdaq & Toronto listed, Canada-based global professional services and investment management company, specializing in real estate, to enter Armenia and set up a permanent presence. This move is fully aligned with WTCY mission to promote international business relationships and expand Armenia’s participation in the world trade and investment. Looking forward to work with our esteemed Colliers colleagues in this unique endeavour”, says Artashes Tonoyan, CEO & Executive Committee Chair, World Trade Center Yerevan.

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