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GCL makes opening move, dazzling Dubai with glittering ceremony

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Dubai witnessed a historic moment in the world of chess as the inaugural edition of the Global Chess League officially opened with a dazzling ceremony at the Ritz-Carlton Hotel.

Chess enthusiasts, dignitaries, and renowned personalities from around the world gathered in the City of Gold to witness the official opening of a pioneering project poised to redefine the image of chess and revolutionise the perception of the game worldwide.

Among the VIPs at the event were Saeed Mohammed Hareb (Secretary General of the Dubai Sports Council), Anand Mahindra (Chairman of the Mahindra Group), Arkady Dvorkovich (President of the International Chess Federation, FIDE) famous Australian cricketer Steve Waugh, Indian tennis star Sania Mirza as well as CP Gurnani (Managing Director and Chief Executive Officer of Tech Mahindra). They were joined by Parag Shah, Director – Global Chess League and Member of Group Executive Board, Mahindra Group,  and Jagdish Mitra, Chairperson of the Global Chess League Board.

The ceremony marked the beginning of an exciting new chapter for chess, as the Global Chess League aims to revolutionize the game and expand its reach globally.

The 36 Grandmasters taking part in the event are among the best in the world and include former World Champions Magnus Carlsen and Viswanathan Anand, two-time challenger for the title of World Champion Ian Nepomniachtchi, former Blitz world champions Levon Aronian and Maxime Vachier-Lagrave and others.

 

Broadcast bonanza

With a wide-ranging broadcast footprint encompassing almost every territory worldwide on OTT and over 140 linear broadcast markets, Global Chess League will be the most widely distributed chess tournament of all time.

The league has agreed on media rights deals with some of the biggest names in global sports broadcasting to make chess a truly global sport, reaching hundreds of millions of potential households across 225 countries and territories. Notable names in sports broadcasting, who have signed on, include:


 

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UAE Central Bank fines local bank Dh3 million over anti-money laundering failures

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The Central Bank of the UAE (CBUAE) has imposed a financial penalty of Dh3 million on a local bank for failing to comply with anti-money laundering (AML) regulations.

The fine was issued under Article 14 of Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations, as well as Article 137 of the Decretal Federal Law No. (14) of 2018 concerning the Central Bank and regulation of financial institutions.

The CBUAE said the penalty followed an investigation which found that the bank had not met regulatory requirements outlined in UAE legislation to combat financial crime.

In a statement, the Central Bank reaffirmed its commitment to maintaining the transparency and integrity of the country’s financial system. “We continue to supervise and regulate all licensed financial institutions to ensure full compliance with UAE laws, regulations, and standards,” the authority said.

The name of the bank was not disclosed.

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Dubai’s RTA steps up inspections of buses to ensure safety

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Dubai’s Roads and Transport Authority (RTA) has urged transport operators to strictly follow regulations covering all modes of passenger transport, including chartered buses, tourist services, and international bus trips.

This comes after RTA completed over 15,500 inspections targeting operators in these sectors, as part of ongoing efforts to raise service standards and ensure safety.

“The inspections weren’t just about issuing violations,” said Saeed Al Balooshi, Director of Passenger Transport Activities Monitoring at RTA. “They’re designed to improve service quality and ensure operators meet the rules that keep Dubai’s transport sector running smoothly.”

Checks included verifying safety measures onboard and ensuring all required licences were in place. The RTA also teamed up with other authorities, including Dubai Police and the General Directorate of Residency and Foreigners Affairs at Hatta Border Post, to tackle misuse and irregularities in cross-border transport services.

Al Balooshi added that the authority is using new technologies to make inspections more effective by analysing violations and measuring the impact of enforcement campaigns. “Our goal is to ensure a reliable and high-quality experience for residents, visitors, and tourists, and to protect the reputation of Dubai’s public transport sector,” he said.

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New paid parking zones announced in Abu Dhabi

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Residents and motorists in Abu Dhabi should take note: new Mawaqif paid parking zones have been activated in several areas across the city, Q Mobility announced on Thursday, July 10.

The newly introduced paid zones include:

  • Eastern Mangroves
  • Dolphin Park
  • Al Khaleej Al Arabi Street sectors – specifically at Al Khaleej Al Arabi Park 1, 2, 4, and 5
  • Al Qurm Plaza

The rollout of the Mawaqif system in these areas is now officially in effect, aligning with Abu Dhabi’s parking regulations.

  • Standard Parking – black and blue curbs:
    • Dh2 an hour
    • Dh15 for 24-hour parking
  • Premium Parking Abu Dhabi – white and blue curbs: AED 3 an hour

According to Q Mobility, this move is part of ongoing efforts to better regulate vehicle movement, ease congestion, and improve the overall efficiency of public parking across the emirate. The changes follow the completion of infrastructure upgrades such as curb painting, installation of directional and awareness signage, and public notifications.

The company has also encouraged drivers to make use of the Darb app for digital payment and to carefully follow posted instructions to avoid fines.

The expansion of Mawaqif is part of a broader strategy aimed at improving traffic flow and providing smarter, more streamlined parking solutions within Abu Dhabi Island and beyond.

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