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03/12/2025 05:13 AST
The UAE Securities and Commodities Authority (SCA) has issued a fresh warning after an unlicensed entity using the name Gulf Higher Authority for Financial Conduct was found operating through www.financialgcc.com and falsely claiming to be a financial regulator.
In its notice, the SCA said the outfit is not licensed, has no supervisory mandate, and is unlawfully suggesting it exercises authority over financial activities in the UAE. Investors have been urged to avoid dealing with the entity and to verify the legitimacy of any firm before transferring funds, signing agreements, or sharing personal information.
The SCA is the federal regulator responsible for licensing, supervising and enforcing conduct across the UAE's financial markets, including investment firms, brokers, and related service providers. It routinely publishes alerts to help the public identify unlicensed operators and cloned websites.
The latest warning follows a similar notice issued on November 19, when the regulator flagged another unidentified operation impersonating Emirates Investment Bank through a cloned website and fabricated documents.
Khaleej Times
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04/12/2025
Strengthened oil prices and brightened hopes of the US rate cut had their reflection on the Qatar Stock Exchange, which Wednesday closed positive for the third straight session with its key index gai
Trade Arabia
04/12/2025
Asian markets struggled to maintain their early momentum Thursday, even after the latest batch of US data reinforced expectations that the Federal Reserve will cut interest rates for a third successi
AFP
04/12/2025
The Abu Dhabi Securities Exchange (ADX) Group, among the top 20 globally by market size, is expanding its wide offering of investment tools with the launch of the FTSE ADX Dividend Stars Index, a fir
Khaleej Times
03/12/2025
Qatar's stock market closed higher onTuesday, with the benchmark index rising 52.87 points, or 0.50%, to finish at 10,674.06.
Trading activity was relatively strong, with more than 137.5 mil
The Peninsula
03/12/2025
Saudi Arabia's Tadawul All Share Index dipped on Tuesday, losing 6.72 points, or 0.06 percent, to close at 10,536.28.
The total trading turnover of the benchmark index was SR3.75 billion ($
Arab News
Financial Information Co.
Saudi Arabia