(Credit - Arabian Post)
Revolut Clears First Hurdle for Dubai Crypto Launch
Revolut has secured in-principle approval from Dubai’s Virtual Assets Regulatory Authority to offer cryptocurrency services in the UAE. You’re one step closer to accessing a regulated digital finance platform, as Revolut advances its plan to build a comprehensive service in the country. The proposed Virtual Assets Service Provider licence would permit Revolut to provide broker-dealer, management and investment, and exchange services, pending full operations that remain subject to the company meeting VARA’s conditions and obtaining final regulatory clearance.
Revolut‘s in-principle approval marks a significant milestone in the company’s expansion into the UAE’s cryptocurrency market. The Virtual Assets Regulatory Authority’s conditions must still be met, and final clearance obtained, before Revolut can launch its full range of crypto services. As the company moves forward, it will be crucial to meet VARA’s requirements and demonstrate its ability to operate a regulated digital finance platform.
The Dubai Virtual Assets Regulatory Authority’s decision to grant in-principle approval to Revolut reflects the UAE’s growing commitment to regulating and developing its cryptocurrency sector. This move is likely to have a positive impact on the country’s fintech industry, as it provides a clear framework for companies like Revolut to operate within.
Revolut’s plans to offer cryptocurrency services in the UAE are part of its broader strategy to build a regulated digital finance platform in the country. The company aims to combine payments services with regulated crypto trading via its retail app and Revolut X, potentially providing users with a comprehensive financial service.
Venezuela Twin Earthquakes Death Toll Rises
Venezuela Earthquakes: Death Toll Surpasses 4,800
The death toll from the twin earthquakes that struck Venezuela on June 24 has risen to 4,833, according to National Assembly President Jorge Rodriguez. Thousands more were injured and left homeless by the temblors, with 16,740 people reported injured and thousands still displaced. The earthquakes, which measured 7.2 and 7.5 in magnitude, caused widespread destruction in La Guaira state, prompting a large-scale national and international humanitarian response.
Rescue operations continue in the affected areas, with 6,462 people rescued and 94 temporary camps established to house 18,437 people. Authorities have distributed 9,766 metric tons of food and more than 16.6 million liters of water, while 31,193 patients have received medical treatment. The government has also deployed 31,837 personnel and 30,197 volunteers for relief efforts, supported by 2,422 international rescue workers.
The Venezuelan government has declared a disaster zone in La Guaira state and placed the region under military control. The United Nations has estimated that up to 68,000 people may be missing, making the disaster one of the deadliest in recent history. The earthquakes have had a devastating impact on the local population, with many families left without permanent housing or access to basic necessities.
The disaster has prompted an outpouring of international support, with countries such as Russia delivering humanitarian aid to the affected areas. The Venezuelan government has also declared seven days of national mourning for the victims of the earthquakes.
In the aftermath of the disaster, the Venezuelan authorities have been working to provide assistance to those affected, with 86,794 families receiving aid. The government has also established a relief fund to support the reconstruction efforts in the affected areas.
The twin earthquakes that struck Venezuela on June 24 have had a profound impact on the country, causing widespread destruction and loss of life. As the rescue operations continue, the international community remains committed to providing support and assistance to those affected by the disaster.
UAE weather alert: Rain in Al Ain, dust storms
Rain Alert in Al Ain and Eastern UAE: NCM Warns of Dust Storms and Rough Seas
The UAE's National Centre of Meteorology (NCM) has issued a weather alert for Al Ain and the eastern parts of the country, warning of convective clouds that may bring light to moderate rain, turning heavy at times. Motorists and beachgoers are advised to take extra precautions due to the possibility of blowing dust and reduced visibility.
The NCM's weather alert, which is in effect until 9pm today, also warns of rough seas in the Arabian Gulf and Oman Sea. However, sea conditions are expected to ease later tonight and remain mild for most of Friday. Temperatures are expected to remain high, with maximum levels reaching 48°C in some internal areas, while humidity is expected to ease slightly, dropping to around 80% from 95% over the past two days.
For tomorrow, Friday, July 17, the NCM has forecast partly cloudy conditions for most of the country, with a chance of convective cloud formation over eastern and southern areas, accompanied by rainfall. The maximum and minimum temperatures for various areas are as follows: Abu Dhabi (43-32°C), Dubai (44-31°C), Sharjah (44-31°C), Ajman (41-31°C), Umm Al Quwain (41-30°C), Ras Al Khaimah (43-32°C), Al Fujairah (36-33°C), Al Ain (46-33°C), Liwa (48-30°C), Al Ruwais (40-30°C), Sila (42-29°C), Dalma (38-31°C), and Abu Musa (37-32°C).
The weather pattern is expected to continue over the coming days, with convective clouds, gusty winds, and blowing dust expected in several eastern areas. Residents are advised to stay updated with the latest weather forecasts and take necessary precautions to ensure their safety.
The NCM has also issued a convective cloud alert covering parts of eastern Abu Dhabi from 2pm until 7:30pm, warning of cloud development that could bring rainfall. Light to moderate southeasterly to northeasterly winds are forecast to freshen at times, reaching speeds of up to 40km/h and causing blowing dust in exposed areas.
Residents can stay updated with the latest weather forecasts through the NCM's website or mobile app. It is essential to take necessary precautions and follow the instructions of local authorities to ensure safety during this period.
The National Centre of Meteorology (NCM) is the primary authority for weather forecasts and warnings in the UAE. The NCM's warnings and forecasts are based on the latest data and models, and residents are advised to follow their instructions to ensure their safety.
In conclusion, the UAE's National Centre of Meteorology (NCM) has issued a weather alert for Al Ain and the eastern parts of the country, warning of convective clouds, dust storms, and rough seas. Residents are advised to take necessary precautions and stay updated with the latest weather forecasts to ensure their safety.
Dubai RTA Auctions 150 Premium Licence Plates
RTA to Auction Premium Licence Plates in Dubai
The Roads and Transport Authority (RTA) in Dubai is set to auction 150 premium licence plates, including three-, four-, and five-digit plates, starting July 27, 2026. This online auction, the 83rd of its kind, provides an opportunity for motorists to secure distinctive vehicle registration numbers. Registration for the auction will open on July 20, 2026.
Auction Details
The auction will run for five days, and to participate, bidders must have a Dubai traffic file, a security cheque of Dh5,000, and pay a non-refundable fee of Dh120. Additionally, a 5% VAT will be applied to winning bids. These requirements are essential for anyone looking to take part in the auction and potentially drive away with a unique licence plate.Participation and Payment
For those interested in participating, the RTA has outlined clear requirements. Beyond the initial registration and fees, bidders must also consider the 5% VAT on their winning bids. The RTA's Customer Happiness Centers, located in Umm Ramool, Al Barsha, and Deira, will be available for registration and payment processes, making it convenient for potential bidders to complete the necessary steps.Auction Significance
This auction is part of the RTA's efforts to provide motorists with the opportunity to own unique and premium licence plates. The variety of plates on offer, including three-, four-, and five-digit numbers, caters to different preferences and vehicle types, including private, classic, and motorcycle vehicles. The online platform ensures accessibility and transparency throughout the bidding process.The RTA's initiative aligns with its mission to offer innovative services that meet the needs of Dubai's residents and visitors. By providing a regulated and fair auction process, the RTA ensures that the allocation of these premium licence plates is both exciting and equitable.
As the auction approaches, those interested in securing a premium licence plate should prepare by ensuring they have the necessary documents and funds. The RTA's online auction platform will be the go-to place for registration and bidding, offering a user-friendly experience for participants.
In conclusion, the upcoming RTA auction presents a unique opportunity for car enthusiasts and collectors in Dubai to acquire distinctive licence plates. With clear guidelines and a straightforward participation process, the RTA aims to make this experience as smooth and enjoyable as possible for all involved.
Dubai RTA Premium Number Plates Auction July 27
Dubai RTA to Auction 150 Premium Number Plates from July 27
In Dubai, the Roads and Transport Authority (RTA) is set to auction 150 premium number plates for private vehicles, classic vehicles, and motorcycles. The online auction, which is the 83rd of its kind, will feature three-, four-, and five-digit plates with codes including A, H, I, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, and Z.
Registration for the auction opens on July 20, with bidding starting on July 27 and running for five days. To participate, individuals must have a Dubai traffic file and pay a refundable security cheque of AED 5,000, along with a non-refundable participation fee of AED 120. A 5% VAT applies to all sales. Payments for registration can be made at RTA Customer Happiness Centres in Umm Ramool, Al Barsha, and Deira, or online through the RTA website.
Successful bidders must complete their payments within 10 working days of the auction closing. They can make payments at service provider centres, with cash accepted for amounts up to AED 50,000, or by certified cheque or credit card for amounts exceeding AED 50,000. Payments can also be made at Customer Happiness Centres or through the RTA website.
This auction provides an opportunity for vehicle owners in Dubai to acquire unique and premium number plates, which can be a symbol of prestige and exclusivity. The RTA's online auction process ensures a transparent and fair system for bidders to participate and acquire these special plates.
The RTA's 83rd online auction is part of its efforts to provide innovative services to the public, and to generate revenue through the sale of premium number plates. The auction is expected to attract significant interest from vehicle owners and collectors in Dubai, and will contribute to the city's reputation as a hub for unique and exclusive vehicles.
In terms of the bigger picture, the Dubai RTA's premium number plate auction aligns with the city's goal of providing world-class services and infrastructure to its residents. The auction also highlights the importance of the RTA's role in managing and regulating the transportation sector in Dubai, and its efforts to promote innovation and excellence in this field.
UAE Annual Leave Rules Explained
Your Guide to UAE Annual Leave Rules
As a private sector employee in the UAE, it's essential to know your rights when it comes to annual leave. The UAE Labour Law, as outlined in Federal Decree-Law No. 33 of 2021, provides clear guidelines on annual leave entitlement, and it's crucial to understand these rules to avoid any disputes with your employer.
Private sector employees in the UAE are eligible for two days of leave for each month of service, once they complete six months at a new job. After completing one year of service, they are entitled to a fully paid annual leave of 30 days, as per Article 29 of the UAE Labour Law. This means that employees can accrue paid annual leave, which can be taken at a time agreed upon with their employer.
In addition to annual leave, the UAE Labour Law also provides for other types of leave, including maternity leave, parental leave, study leave, and Hajj leave. Female employees are entitled to a maternity leave of 60 days, while new parents can take a parental leave of five working days. Employees studying at accredited educational institutions can also take a paid leave of 10 days per year to sit for examinations, provided they have completed two years of service with their employer.
When it comes to carrying forward annual leave, the law allows for limited carry-forward under specific conditions. Employees must use their leaves in the year they are due, but they can carry over unused annual leaves to the following year with the consent of their employer. In this case, the employee will be entitled to payment for the unused days, calculated on the basis of their basic salary.
It's also important to note that employers must settle all final dues, including leave encashment, within 14 days of the employment end date. Failure to do so can result in penalties and MOHRE labour complaints. The employee is entitled to encashment of any accrued leave fraction, and there is no forfeiture of unused days upon termination, regardless of the reason for leaving.
For private sector employees, understanding these rules can help avoid disputes with their employers and ensure that they receive their entitled leave. Employers, on the other hand, must comply with these regulations to avoid penalties and maintain a positive working relationship with their employees.
If you're a private sector employee in the UAE, it's essential to familiarize yourself with these rules and regulations to ensure that you're receiving your entitled leave. By understanding your rights and obligations, you can avoid any potential disputes and enjoy your well-deserved break.
