Strengthening bilateral trade between Hong Kong and the UAE
23 July 2025 – Hong Kong and the United Arab Emirates (UAE) have enjoyed robust bilateral trade relations on a range of products and services over the years. Adding to the Hong Kong’s business advantages, Hong Kong Trade Development Council (HKTDC) gathers the latest market intelligence and form partnerships to develop business for corporations.
DUBAI, United Arab Emirates — 23 July 2025: Dubai-born Dulsco Group, a leader in People Solutions, Environmental Solutions, Talent Solutions, and Energy Recruitment Solutions, has appointed Michael Pitts as Group Internal Audit & Risk Director to refresh and lead a strengthened independent, risk-based internal audit function across the Group’s regional and cross-border operations.
In the newly created role, Michael draws on more than two decades of leadership in internal audit and risk management. With deep-rooted expertise ingovernance, internal control and ethics he has been entrusted with some of the most complex and high-value assignments, having led audits of mega capital projects valued up to USD 46 billion across sectors including upstreamand downstream hydrocarbons, power generation, infrastructure and shipbuilding.
Continue reading Dulsco Group appoints a Group Internal Audit & Risk Director as Business Transformation gathers paceinits 90thyear ofoperation21July 2025, London, United Kingdom – Only 1.6% of firms have ‘fully integrated’ AI into governance, risk and compliance (GRC) processes despite more than half (51%)viewing ‘advancements in AI and technology’ as the biggest driver for change in GRC over the next five years, according to a new report from the International Compliance Association (ICA), the leading professional body for the global regulatory and financial crime compliance community.
Drawing on insights from 383compliance professionals across 87 countries, “Navigating the future: The role of governance, risk and compliance in modern business”reveals that although respondents overwhelmingly viewed technology as a solution to rising GRC costs, with 47% planning to increase investment in automation, the majority remained in the early stages of AI implementation. The results suggest that AI uptake in GRC is proceeding at a slower pace than in some other business units.
Continue reading Only 1.6% of firms have ‘fully integrated’ AI into compliance processes, International Compliance Association report findsAbu Dhabi, UAE – 21stJuly, 2025
BurjX, the UAE-born digital asset trading platform, has officially secured its Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, for brokerage and custody activities.
In a landmark achievement, BurjX becomes a fully regulateddigital asset brokerage platform to offer and support trading of over 100 digital assets, setting a new standard for market access, regulatory depth, and product breadth in the region.
The UAE’s cryptocurrency market is projected to generate US$395.9 million in revenue in 2025, with the user base expected to reach 3.88 million by 2026.
With nearly one-third of the population set to own crypto within the next year, the UAE ranks among the highest adoption rates globally. BurjX is setting the benchmark for what a regulated, homegrown platform can be.
Continue reading BurjX Secures FSRA License, Launches ADGM-Regulated Trading Platform with 100+ Digital AssetsFinancing milestone marks one year of collaboration between the two platforms
July 21,2025 , Dubai, UAE: Direct Debit System (DDS), the fintech platform for automated collections, licensed by the UAE Central Bank,is celebrating its one-year partnership with Beehive, the first peer-to-peer lending platform in the MENA region to be regulated by the DFSA.
Vivek Harikrishnan, Head of Product & COO at Direct Debit System and Jason Stewart, Head of Partnerships and Products at Beehive
The milestone comes as Beehive surpasses USD 1 billion in SME financing across the GCC. The year of collaboration has enabled Beehive to execute collections and repayments in a paperless, secure, and instantly reconcilable environment, by replacing legacy cheque-based processes with DDS’s fully digital direct debit solution, powered by UAE PASS.
Direct Debit System is the UAE’s first Central Bank–licensed platform offering digital, paperless direct-debit collections from bank accounts and credit cards
UAE News 24/7 