The branch of a foreign bank operating in the UAE has been fined AED 600,000 for failing to comply with market conduct and consumer protection regulations.
The penalty follows an inspection by the Central Bank, which found violations of UAE banking standards.
The action was taken under Article 137 of the Federal Law No. 14 of 2018, governing financial institutions.
Authorities say the move is part of ongoing efforts to uphold transparency and integrity across the country’s financial sector.
UAE calls for end to crisis in Sudan at Quad meeting in New York
UAE's Minister of State, Sheikh Shakhboot bin Nahyan Al Nahyan, has stressed the need for a permanent ceasefire and an unconditional humanitarian truce in Sudan during the Quad meeting in New York.
Sheikh Abdullah discusses strategic ties with US Secretary Marco Rubio
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has discussed strengthening cooperation between the UAE and the US with Secretary of State Marco Rubio on the sidelines of the Board of Peace meeting in Washington.
UAE pledges $1.2 billion to support Gaza through Board of Peace
The UAE has pledged an additional $1.2 billion in support for Gaza during the inaugural meeting of the Board of Peace in Washington.
Road closures announced in Dubai for UAE Tour 2026
The UAE Tour 2026 has announced several road closures for the fifth stage of the race on Friday, where cyclists will cover a total of 166 km across Dubai, starting from 1:20 pm.
4:00pm - 7:00pm
7:00pm - 10:00pm
