UAE Signs MoUs to Strengthen Fight against Financial Crimes

21 Apr 2025 CW Team

The Ministry of Economy has signed Memorandums of Understanding (MoUs) with key national entities including the Economic Security Centre of Dubai (ESCD) and the Dubai Land Department (DLD), to bolster efforts in combating money laundering and financial crimes. The MoUs aim to strengthen regulatory frameworks, support institutional transparency, and enable efficient data sharing and cooperation in line with international standards. Signed during the summit on the role of Designated Non-Financial Businesses and Professions (DNFBPs) in combating financial crimes, the agreements also promote technical collaboration, training, and knowledge exchange. Signatories included senior officials from the Ministry of Economy, ESCD, and DLD. The initiative is part of a broader drive to enhance compliance, support mutual evaluation readiness, and improve the UAE’s global competitiveness. The MoUs define mechanisms for secure data exchange while ensuring privacy and legal compliance. Officials highlighted the importance of a unified and sustainable institutional approach to counter money laundering, terrorism financing, and weapons proliferation, reaffirming their commitment to strengthening financial security and supporting economic growth.

Infrastructure Transport

06 May 2026

Pune To Build Nine Km Link Road Between Highways

The Pune Municipal Corporation (PMC) has decided to appoint an expert to plan the development of a nine km long, 60 metre wide road from Khadi Machine chowk to Wadki chowk as an extension to the Katraj-Kondhwa road to link the Mumbai-Satara and Pune-Solapur national highways. The scheme is intended to divert heavy vehicle traffic away from the city and improve access between the two arterial routes. The project has been prioritised by the PMC and forms part of a larger set of schemes in which 19 roads have been identified for development at a combined cost of Rs 9.82 billion (bn) to address c..

Barabanki Bahraich Six Lane Highway Approved in Uttar Pradesh

The Uttar Pradesh government has approved construction of a new six-lane highway linking Barabanki and Bahraich as part of National Highway 927, and the cabinet has cleared the project. The alignment will pass through Mustafabad and Kaiserganj and extend for about 101.5 km, creating a key corridor for local and long-distance movement. The National Highways Authority of India will oversee the work and has signalled the scheme is intended to strengthen regional connectivity and cross-border access to Nepal. The project carries an estimated total cost of Rs 69,690 million, equivalent to Rs 69.69..

Toll At Kharegaon Likely As Highway Upgrade Nears Completion

A section of the highway at Kharegaon has undergone an upgrade and is approaching completion, and authorities have indicated plans for a toll to be introduced once works finish. The project has focused on strengthening the carriageway, improving drainage and upgrading intersections to enhance safety and capacity. Officials have said the toll will be used to recover construction costs and fund ongoing maintenance. The upgrade included resurfacing of the pavement, widening of certain stretches and installation of modern signage and lighting to reduce accident risk. Contractors completed most ma..