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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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UAE fuel prices: Will petrol get cheaper in August? Here’s what to expect

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UAE motorists could see petrol prices fall for a second consecutive month in August, although any reduction is expected to be modest as global oil markets remain volatile.

Experts are predicting lower crude oil prices during July will support another cut at the pump, but the ongoing geopolitical tensions and tight fuel inventories are likely to limit how much prices fall.

Based on current trends, experts estimate Special 95 could fall to around Dh3.13 per litre, while Super 98 could drop to about Dh3.24 per litre.

Oil markets continue to react to geopolitical developments, particularly tensions involving Iran and concerns over shipping routes in the Gulf.

However, prices are capable of moving up sharply if regional tensions escalate.

July fuel prices

  • Super 98: Dh3.40 per litre
  • Special 95: Dh3.29 per litre
  • E-Plus 91: Dh3.21 per litre
  • Diesel: Dh3.60 per litre

The UAE is expected to announce fuel prices for August this week, with many motorists hoping for another reduction to help ease the rising cost of living and daily commuting expenses.

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UAE weather alert: More summer showers expected as dust and strong winds persist

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The UAE is set for more unsettled summer weather over the coming days, with afternoon rain expected in parts of the country even as temperatures continue to climb above 40°C.

According to the National Centre of Meteorology (NCM), convective clouds are forecast to develop daily from Friday through Monday, August 3, bringing a chance of showers, particularly over eastern and southern areas of the UAE.

Where is rain expected?

The highest chance of rainfall is expected across eastern and southern parts of the country, including areas around Fujairah, the east coast of Sharjah and parts of Abu Dhabi’s interior. Elsewhere, skies will remain fair to partly cloudy.

The weather is being driven by a surface low-pressure system extending from the east, supported by an upper-air low-pressure system that is creating favourable conditions for cloud formation.

Hot days, stormy afternoons

Despite the rain forecast, temperatures will remain high:

  • Inland: 43°C to 48°C
  • Coastal areas: 38°C to 44°C
  • Mountains: 30°C to 38°C

Winds will be light to moderate but could strengthen to 45km/h at times, especially around developing storm clouds, raising dust and reducing visibility in exposed areas.

Sea conditions are expected to remain slight in both the Arabian Gulf and the Sea of Oman.

Day-by-day forecast

  • Friday: Afternoon clouds over eastern and southern regions with a chance of rain. Winds up to 40km/h.
  • Saturday: Fair to partly cloudy with afternoon showers possible in the east and south.
  • Sunday: Similar conditions, with another chance of convective rain in eastern and southern areas.
  • Monday: Unsettled weather continues, with rain possible and stronger winds likely to kick up dust.

El Nino expected to strengthen

The wet spell comes as the NCM says there is a 98% probability of moderate El Nino conditions persisting between July and November 2026.

Looking ahead, the NCM expects both temperatures and rainfall across the UAE to remain near to above seasonal averages through the second half of the year.

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Dubai traffic update: New lanes on two major roads to cut peak-hour travel times

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Motorists travelling on Ras Al Khor Road and Al Khail Road can expect shorter journeys after Dubai’s Roads and Transport Authority (RTA) completed a series of road upgrades to ease congestion.

The improvements include new lanes, upgraded entry and exit points, and wider road sections, increasing road efficiency by 20 per cent, according to the RTA.

What motorists need to know

Ras Al Khor Rd

A new lane has been added in the direction of Al Khail Road, extending from the Financial Centre Street intersection.

The road has been widened from three lanes to four, boosting capacity by 33 per cent.

RTA has also upgraded:

  • The exit from Financial Centre Street towards Meydan.
  • The entrance from Financial Centre Street onto Ras Al Khor Road.

The changes are expected to cut travel time towards Al Khail Road from 15 minutes to 12 minutes during busy periods.

Al Khail Rd

A new 1km lane has also been added on Al Khail Road towards Abu Dhabi, widening the road from three to four lanes.

The additional lane increases capacity by 33 per cent and is expected to reduce peak-hour journey times by up to 20 per cent.

Traffic improvement plans

The upgrades form part of the RTA’s ongoing programme to improve traffic flow at some of Dubai’s busiest roads.

Recent works in the same corridor include:

  • Opening a new exit from Financial Centre Street to Ras Al Khor Road.
  • Widening Exit 25 from Ras Al Khor Road to Al Khail Road towards Al Meydan Street.
  • Traffic improvements at several locations in Business Bay.

The RTA said the projects are designed to keep pace with Dubai’s rapid growth while making daily journeys faster and smoother for residents and visitors.

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