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 expresses solidarity with France over wildfires
The UAE has expressed its solidarity with France as devastating wildfires continue to sweep across the country's southwest, forcing the evacuation of around 220,000 people and threatening the outskirts of Bordeaux.
UAE offers condolences to Syria after deadly bus crash
The UAE has expressed its condolences to Syria following the fatal bus crash on the Damascus–Deir ez-Zor highway.
UAE President, UK Prime Minister discuss bilateral relations
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held his first talks with UK Prime Minister Andy Burnham since his appointment, with the two leaders reaffirming their commitment to strengthening relations between the UAE and the United Kingdom.
Dubai opens pet adoption shelter in Warsan
Dubai Municipality has opened a pet adoption centre at the Bird and Pet Market in Warsan, providing a dedicated home for stray and abandoned animals while making it easier for residents to adopt.
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