Connect with us

News

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

Published

on

Spread the love

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.

Continue Reading
Advertisement

News

Sending Eid greetings while driving could cost drivers in UAE Dh800

Published

on

Spread the love

With roads across the UAE expected to become significantly busier during the Eid Al Adha holidays, Abu Dhabi Police has called on motorists to avoid using mobile phones while driving, particularly for sending or checking Eid greeting messages.

Officials warned that even a few seconds of distraction behind the wheel can dramatically increase the risk of traffic accidents, especially during the festive period when many families travel for prayers, social visits and celebrations.

Drivers were urged to remain fully attentive while on the road and avoid interacting with messaging applications or social media platforms during their journeys. Authorities advised residents to share Eid greetings either before leaving home or after safely parking their vehicles.

Police stressed that taking one’s eyes off the road, even briefly, can reduce reaction times and make it harder for drivers to respond effectively in sudden emergency situations.

Violators face fine and black points

Under UAE traffic regulations, motorists caught driving inattentively can face fines of Dh800 along with four black points on their licence. Violations include using mobile phones while driving as well as other distracting activities such as eating, applying makeup or adjusting in-car devices while the vehicle is in motion.

Strict rules in Dubai

Authorities in Dubai also highlighted stricter traffic enforcement measures. Dubai Police has been authorised to impound vehicles for up to 30 days for dangerous driving offences, including mobile phone use, tailgating and sudden lane swerving.

The vehicle impoundment penalties are applied alongside existing federal fines and black point violations, as authorities continue efforts to improve road safety and reduce preventable accidents across the country.

Police have urged all road users to drive responsibly during Eid and cooperate with traffic laws to help ensure a safer holiday period for residents and visitors alike.

Continue Reading

News

Dubai emergency teams on high alert during Eid holidays

Published

on

Spread the love

As visitor movement and public gatherings increase in Dubai during Eid Al Adha, the Dubai Corporation for Ambulance Services has introduced an extensive citywide emergency readiness strategy to ensure rapid medical assistance throughout the holiday period.

The authority confirmed that emergency response operations have been intensified across Dubai, with specialised rescue teams and ambulance units deployed in crowded public areas, tourist attractions, and residential communities to maintain uninterrupted healthcare support around the clock.

Under the expanded plan, ambulance crews will operate from strategically selected locations, including beaches, shopping malls, parks, event venues and transport hubs, where large numbers of residents and tourists are expected to gather during the celebrations.

Trained emergency workers mobilised

Officials stated that nearly 1,000 trained emergency workers and field coordinators have been mobilised as part of the operation. The deployment network covers approximately 160 emergency response locations spread across the emirate.

The response system is supported by a diverse fleet of emergency vehicles and rescue equipment, including rapid intervention units, ambulances, bicycles designed for congested areas, marine rescue boats and helicopter ambulance services coordinated jointly with Dubai Police.

Additional emergency teams will also remain stationed near prayer areas, densely populated neighbourhoods and major leisure destinations to improve response times during peak holiday activity.

Dedicated teams at airport

To handle the anticipated increase in passenger traffic, dedicated ambulance teams have also been positioned throughout terminals at Dubai International Airport, where emergency medical services will remain available for travellers throughout the Eid period.

Authorities have meanwhile appealed to motorists to cooperate with rescue teams by immediately clearing the way for ambulances and emergency vehicles, emphasising that quick response times are often crucial in preventing complications and saving lives.

The enhanced operational measures form part of Dubai’s broader public safety preparations for Eid Al Adha, as government agencies across the emirate continue coordinating efforts to manage the busy holiday season efficiently and safely.

Continue Reading

News

Norway Chess 2026: Magnus Carlsen survives tough battle as Firouzja extends lead in Round 2

Published

on

Spread the love

Round 2 of Norway Chess 2026 produced another day of tense battles and high-level drama in Oslo, with Alireza Firouzja continuing his sensational start to the tournament.

    Firouzja claimed the only classical victory of the round after defeating Indian star Praggnanandhaa Rameshbabu in a complex strategic encounter. The French grandmaster steadily increased the pressure from the middlegame onward and converted his positional advantage with calm and precise play, securing his second consecutive classical win and strengthening his lead in the standings.

    One of the most anticipated clashes of the day saw World No 1 Magnus Carlsen face German No 1 Vincent Keymer in a gripping battle that eventually ended in a draw.

    Carlsen appeared to control the game for long stretches and entered the endgame with a slight edge, but Keymer defended resiliently under pressure and managed to hold the position. The Norwegian star later bounced back in the Armageddon tiebreak, winning the faster-format decider to collect the additional points.

    Meanwhile, reigning World Champion Gukesh Dommaraju and Wesley So fought out another deeply strategic classical draw after a long positional struggle. Wesley So eventually prevailed in Armageddon to secure the extra points from the round.

    After two rounds, Firouzja stands alone at the top of the Norway Chess standings following back-to-back classical victories.

    Women’s round

    In the women’s event, tournament leader Bibisara Assaubayeva maintained her impressive momentum after defeating Zhu Jiner in Armageddon. Their classical encounter ended level after a tense battle before Assaubayeva took control in the rapid tiebreak.

    An all-Indian matchup between Divya Deshmukh and Humpy Koneru also required Armageddon after a balanced classical game, with Divya emerging victorious in the decider.

    In the final women’s pairing, Anna Muzychuk defeated reigning Women’s World Champion Ju Wenjun in Armageddon to claim the additional points.

    With Firouzja extending his lead and Assaubayeva continuing her strong form, Norway Chess 2026 is already shaping into one of the most competitive editions in recent years.

    Continue Reading

    Popular

    © Copyright 2025 HEADLINE. All rights reserved

    https://headline.ae/