EFG Hermes, ADX launch investor day for listed firms

Tehran is floating the idea of charging the world’s largest tech companies – including Google, Meta, Microsoft and Amazon – for using the undersea internet cables crossing the Strait of Hormuz in a new attempt to exploit its control over the critical waterway to ratchet up economic pressure on the West.

Abu Dhabi: The Central Bank has obligated financial institutions operating in the country to strengthen controls to protect consumers from fraud and enhance security authentication procedures. This includes increasing verification of transaction validity and avoiding reliance on a single method, such as SMS alerts or one-time passwords (OTPs).In a report, the Central Bank stated that…