The United Arab Emirates will reveal the identities of violators of stock market rules, vice president and prime minister Sheikh Mohammed bin Rashid Al Maktoum tweeted.
The names will be announced alongside details of the violations committed, he said without specifying whether he was referring to individuals or entities or both.
For the latest headlines, follow our Google News channel online or via the app.
“The goal is to raise investment awareness and protect our financial markets and deter violators and ensure the protection of all investors,” he said.
No date was given for when the decision comes into effect.
The move came as the UAE cabinet held a meeting on Monday introducing a raft of reforms including the establishment of a Dubai debt management office and a countrywide decision to introduce unemployment insurance.
Dubai's financial regulator, the Dubai Financial Services Authority, last month introduced a regulatory regime for whistleblowing, providing better legal protection for persons who report misconduct internally within entities in its jurisdiction.
UAE’s ADNOC acquires 25 percent stake in Borealis: StatementThe Abu Dhabi National Oil Company will acquire a 25 percent stake in Austria’s Borealis AG through UAE state investor Mubadala, the oil firm said in ... Financial Markets
UAE finance ministry to issue first tranche of federal treasuriesThe United Arab Emirates’ finance ministry said on Thursday it will issue on May 9 the first tranche of federal treasury bonds, as part of a plan to ... Gulf
UAE top lender FAB posts record profit helped by stake saleFirst Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, reported on Thursday its highest ever quarterly net profit, helped by the sale ... Banking & Finance
UAE’s Aldar Properties reports 26.5 percent Q1 profit jumpEmirati developer Aldar Properties (ALDAR.AD) on Wednesday reported a 26.5 percent increase in first-quarter profit driven by record quarterly sales ... Property
UAE minister vows ‘responsible’ AI rolloutThe world’s first minister for artificial intelligence says the United Arab Emirates isn't only looking for economic benefits as it seeks to become a ... Technology
UAE and Turkey aim to double bilateral trade: MinisterThe United Arab Emirates (UAE) and Turkey have officially launched talks on a Comprehensive Economic Partnership Agreement (CEPA), which is expected ... Gulf
UAE’s new Virtual Assets Law: How does it work, what will it mean for businesses?Dubai issued the Regulation of Virtual Assets law and established the Dubai Virtual Assets Regulatory Authority in March, aiming to establish a legal ... Features