Ganges Grandmasters raise the stakes at the player draft for the inaugural edition of the Global Chess League to be held in Dubai. Courtesy Tech Mahindra
The first Global Chess League player draft saw women’s top-ranked Grandmaster Hou Yifan become the star pick in a pool of 36 after the bidding process in Mumbai. The highly anticipated six-team tournament is scheduled to take place from June 21 to July 2 at the Dubai Chess and Culture Club, in association with the Dubai Sports Council.
A day after the owners of the six franchises were announced, the cream of world’s chess players – Yifan, Magnus Carlsen, Viswanathan Anand, Ding Liren and others – were picked from a purse of 1,000 points for each team. A joint venture between Tech Mahindra and FIDE, the GCL has captured the attention of chess enthusiasts worldwide, and where each team have players across four categories: Icon, Superstars Men, Superstars Women, and Prodigy. The Icon players were selected based on a preferential draft system.
Magnus Carlsen, the five-time World Chess Champion and the top-ranked player in the world was selected by SG Alpine Warriors. A five-time World Chess Champion, Viswanathan Anand, joined the Ganges Grandmasters. The current World Champion, Ding Liren was drafted by Triveni Continental Kings. Other notable selections included Grandmaster Jan-Krzysztof Duda by Chingari Gulf Titans and Grandmaster Ian Nepomniachtchi by Balan Alaskan Knights. Maxime Vachier-Lagrave joined upGrad Mumba Masters as their Icon player.
Yifan attracted the highest points’ bid across men and women categories when Ganges Grandmasters picked her for 470 points. “I am looking forward to being on the same team as Viswanathan Anand and also to have the likes of Richárd Rapport, Leinier Domínguez, Bella Khotenashvili, and Andrey Esipenko on our team,” she said.
upGrad Mumba Masters picked up the Indian pair of Koneru Humpy and Harika Dronavalli at 360 and 330 points, respectively. Praggnanandhaa R became the highest-bid player among the U21 Prodigy category, won by SG Alpine Warriors at 290 points. Andrey Esipenko went to Ganges Grandmasters in a lucky draw after receiving an equal point bid by Triveni Continental Kings, who got Jonas Buhl Bjerre eventually.
“From being on opposite sides of the table with most players to being on the same team, I am excited to meet my teammates and see how we can make the most of this experience and apply it to future competitions,” said Praggnanandhaa.
To ensure the smooth progress of the tournament, there are 3 chess players who have been chosen as reserve players who will be assigned to the particular team in case, due to any unforeseen circumstances, the current squad member/s cannot participate.
The six teams will engage in a double round-robin format, playing a total of 10 matches. The matches will be decided using a best-of-six board scoring system, played simultaneously, adding an extra layer of excitement to the tournament. The top two teams will advance to the final on July 2, where the coveted title of World Champion Franchise Team will be awarded.
TEAMS
(Icon, Superstar Men (2), Superstar Women (2), Prodigy):
The UAE is strengthening its crackdown on financial crime, with the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation Financing approving a new set of measures to boost transparency and enforcement.
Announced after its latest meeting, chaired by Khaled Mohamed Balama of the Central Bank of the UAE, the updates aim to strengthen how authorities detect, investigate, and prevent illicit financial activity.
A key highlight is a new national guide on financial intelligence and money laundering investigations, which improves coordination between agencies and introduces updated procedures for tracking and recovering assets, including those linked to virtual assets.
The committee also approved risk assessments across financial institutions, virtual asset providers, and non-financial sectors, enabling more targeted enforcement and oversight.
Stricter compliance for businesses
For businesses in the UAE, the new measures mean stricter compliance requirements but also a more stable and trusted operating environment.
Companies, especially in finance, real estate, and emerging sectors like virtual assets, will need to strengthen due diligence, improve internal controls, and align with updated risk assessments and reporting standards set in coordination with the Central Bank of the UAE.
While this may increase operational oversight and compliance costs in the short term, it enhances transparency, reduces exposure to financial crime risks, and reinforces the UAE’s reputation as a secure global business hub, ultimately boosting investor confidence and long-term growth opportunities.
Additional updates include revised national risk assessments on proliferation financing and non-profit organisations, reinforcing a risk-based approach to regulation.
While largely behind the scenes, these changes play a key role in maintaining the UAE’s position as a secure and trusted global financial hub, something that directly impacts businesses, investors, and the wider expat community.
Officials say the measures mark a more advanced phase in the country’s regulatory framework, with stronger coordination and improved readiness to address evolving financial risks.
Motorists in Abu Dhabi’s Mohamed Bin Zayed City will soon need to factor in parking fees, as paid parking is set to roll out in additional commercial sectors starting May 6.
Under the new system, drivers will pay Dh2 per hour for standard parking in sectors ME9 and ME12, as part of ongoing efforts to improve traffic flow and accessibility in busy neighbourhood hubs.
The initiative is being implemented by Q Mobility under the supervision of the Integrated Transport Centre (ITC), reflecting a broader push to modernise urban mobility across the capital.
For many UAE residents and expats living in the area, the change marks a shift from previously free parking to a more structured system designed to reduce congestion and limit random parking, particularly around commercial and service outlets.
The rollout will cover more than 10,000 parking spaces, including 3,219 spaces in ME9 and 6,986 spaces in ME12, along with designated spots for People of Determination.
To make the transition easier, motorists can pay through multiple digital channels, including apps like Darb and TAMM, as well as SMS and on-site payment machines, offering flexibility for residents who rely on different payment methods.
Authorities say the system is designed to support local businesses by improving access to shops and services, making it easier for customers to find available spaces.
The UAE is stepping up efforts to improve worker welfare, as the Ministry of Human Resources and Emiratisation (MOHRE) rolls out a comprehensive set of regulations governing labour accommodation across the country.
The new guidelines aim to raise living standards for workers, many of whom are part of the UAE’s diverse expat community, by introducing enhanced health, safety, and well-being measures, including mandatory free internet access in accommodation facilities.
Under the updated rules, employers are required to provide licensed and adequate housing or offer a housing allowance. Larger accommodations housing 1,000 workers or more must now include 24-hour medical clinics, along with recreational spaces and access to financial services.
The changes also place a stronger emphasis on mental well-being. Accommodation managers are expected to organise social and recreational activities during official holidays, helping workers stay connected and engaged outside of work.
Location planning is another key focus. Labour accommodations must be situated near industrial zones and transport networks, while maintaining safe distances from residential neighbourhoods and environmental risks.
In terms of daily living standards, the regulations outline clear requirements for cleanliness, proper lighting, sanitation, food preparation areas, and access to safe drinking water, as well as pest control and secure gas systems.
Emergency preparedness has also been reinforced. Employers must provide first aid rooms, isolation areas, and emergency response plans, while larger facilities are required to have on-site doctors, nurses, and ambulance services.
To ensure accessibility and transparency, workers must be given written guidance in multiple languages, explaining their rights, health and safety procedures, and how to contact authorities for support or to file complaints. This is complemented by clear emergency signage, evacuation plans, fire safety measures, and regular drills.
The ministry says these updates are part of a broader push to strengthen worker protection, ensure compliance, and enhance quality of life.