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The DFSA fines reinsurance broker USD 455,176 for engaging in misleading and deceptive conduct

Dubai, United Arab Emirates, 2 February 2026: The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC) has imposed a fine of USD 455,176 (AED 1,671,633) on reinsurance brokerage Ed Broking (MENA) Limited (the Firm), for a number of contraventions of DFSA legislation, including engaging in misleading and deceptive conduct. The Firm agreed to settle the matter and pay a fine which comprises disgorgement of USD 175,343 (USD 148,039 plus interest of USD 27,304) and a penalty of USD 279,833. The fine was reduced from USD 575,104 (AED 2,112,06

Mahdeehassan  |   |  5 mins read
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du Pay transforms financial lives with customer-centric digital solutions as real user stories showcase seamless money man...

du Pay transforms financial lives with customer-centric digital solutions as real user stories showcase seamless money management

From receiving salary in the digital wallet to sending money homepaying bills and topping up mobiles, du Pay is built to make every day financial needs faster, easier and more accessible – especially for the UAE’s diverse expat community. Dubai, UAE, 23 January 2026 – du Pay, the advanced digital financial services arm of du, is celebrating the transformative impact of its services that demonstrate how the Central Bank of UAE-regulated app is revolutionizing everyday financial management for residents across the Emirates. With the growing adoption of du Pay, customers are increasingly moving away from cash, making cash transactions largely

Mahdeehassan  |   |  6 mins read
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