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eu removes uae from high risk money laundering list

The EU has removed the United Arab Emirates from its money-laundering "high-risk" list, alongside Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda. However, Monaco and ten other jurisdictions, including Algeria and Venezuela, have been added to the list for increased monitoring. This update reflects the EU's commitment to align with international standards set by the Financial Action Task Force.
Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema
ARE BRB GIB JAM PAN PHL SEN UGA DZA AGO CIV KEN LAO LBN NAM NPL VEN MCO Show more
Finance & Economy, News Article
18:34 10.06.2025

UBS Group AG Acquires 6.23 Percent Stake in Urban Logistics REIT

UBS Group AG has acquired a significant 6.23% voting rights stake in Urban Logistics REIT plc, indicating its strategic interest in the logistics real estate sector. This move may influence the REIT's market positioning and stakeholder dynamics. Analysts rate the stock as a Buy, with a price target of £136.00, highlighting strong revenue growth and appealing dividend yield, despite some valuation concerns.
TipRanks Financial
UBS Group AG Urban Logistics REIT plc GBR
Finance & Economy, Press Release
18:32 10.06.2025

guggenheim launches tokenized commercial paper on xrp ledger

Guggenheim has successfully tokenized commercial paper using the XRP Ledger, marking a significant advancement in the integration of blockchain technology within traditional finance. This move highlights the growing trend of digital asset adoption in financial markets.
StartupNews.fyi
USA
Finance & Economy, News Article
18:21 10.06.2025

UBS Faces $27 Billion Capital Raise After Credit Suisse Rescue Decision

UBS is considering its options following a Swiss government mandate to raise $27 billion in capital to bolster its U.S. operations. Executive chair Colm Kelleher criticized the ruling as "extreme," arguing it penalizes the bank for its role in rescuing Credit Suisse in 2023, which aimed to stabilize the financial system. Regulators view UBS's American business, managing $2.1 trillion for wealthy clients, as a potential risk and seek to enhance its capacity to absorb losses.
semafor.com
UBS Group AG Credit Suisse Group Ltd. CHE USA Colm Kelleher
Finance & Economy, News Article
18:18 10.06.2025

gold prices dip as us china talks ease tensions and outlook remains strong

Gold prices dipped to around $3,312 per ounce as US-China trade talks showed positive signs, easing safe-haven demand. In Dubai, 24K gold is priced above Dh400 per gram, while 22K trades near Dh373, with steady buying expected despite potential minor price softening. Analysts forecast gold to reach $3,400 by June 2025, supported by ongoing inflation and debt concerns.
Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema
USA CHN ARE Show more
Finance & Economy, Market Report
18:07 10.06.2025

Infibeam plans to enhance AI initiatives with 700 crore rights issue funds

Infibeam plans to utilize the proceeds from its INR 700 crore rights issue to enhance its artificial intelligence initiatives. This strategic move aims to strengthen the company's position in the rapidly evolving AI sector.
StartupNews.fyi
Indian Rupee IND
Technology & Innovation, News Article
18:06 10.06.2025

teo chee hean resigns from gic board to lead temasek holdings

Teo Chee Hean, former Deputy Prime Minister of Singapore, will resign from the GIC board and its International Advisory Board chairmanship effective June 30, after 14 years of service. He is set to become chairman of Temasek, succeeding Lim Boon Heng on October 9, with his deputy chairman role starting July 1. Senior Minister Lee Hsien Loong expressed appreciation for Teo's contributions during his tenure, particularly in navigating complex geopolitical challenges.
Tech in Asia
SGP Teo Chee Hean Lim Boon Heng Lee Hsien Loong Lim Chow Kiat Show more
Politics & Governance, News Article
18:01 10.06.2025

Crane Company Acquires Precision Sensors to Enhance Aerospace and Process Flow Portfolio

Crane Company, an industrial and technology firm, is expanding its portfolio and driving sales growth through the acquisition of Precision Sensors & Instrumentation. The company operates in two main segments: Aerospace and Electronics, which provides critical components for aerospace and defense, and Process Flow Technologies, which supplies engineered fluid power equipment for essential applications.
de.marketscreener.com
Crane Company USA
Business & Industry, Press Release
18:00 10.06.2025

Crane Company Expands Portfolio with Acquisition of Precision Sensors and Instrumentation

Crane Company, an industrial and technology firm, is set to enhance its portfolio and drive sales growth through the acquisition of Precision Sensors & Instrumentation. The company operates in two main segments: Aerospace and Electronics, which provides critical components for aerospace and defense, and Process Flow Technologies, which supplies engineered fluid power equipment for essential applications.
MarketScreener Schweiz
Crane Company USA
Business & Industry, Press Release
18:00 10.06.2025

Apple Developer Conference Updates Highlight Evolutionary Changes in Product Offerings

Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music support, with net sales primarily from telephone products (51.4%), followed by peripheral devices (9.5%), computers (7.7%), music support (6.8%), and other services (24.6%). Geographically, sales are distributed as follows: Americas (42.7%), China/Hong Kong/Taiwan (17.1%), Japan (6.4%), Asia/Pacific (7.9%), and Europe/India/Middle East/Africa (25.9%).
MarketScreener
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Technology & Innovation, Market Report
18:00 10.06.2025
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