UAE Ministry issues resolution on bank guarantees and employees’ protection insurance

UAE issues resolution on bank guarantee and employee protection insurance

Under the new resolution, establishments may provide a bank guarantee, valid for one year, of no less than Dhs3,000 for each worker, paid through a UAE-based bank

Dubai warns of legal action against individuals leaking classified government information

Punitive measures will be taken if information related to confidential and sensitive government documents and worksheets is leaked

Dubai Financial Services Authority

Dubai’s DFSA fines former DIFC employee $165,000

The authority has also restricted him from performing any function in connection with the provision of financial services in or from the DIFC