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 leaders mark World Teachers' Day with special message for educators
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages commending the role of educators in "shaping future generations" on the occasion of World Teachers' Day.
UAE President, Italy PM discuss regional developments
United Arab Emirates President His Highness Sheikh Mohamed bin Zayed Al Nahyan spoke with Italy Prime Minister Giorgia Meloni about regional developments during a phone call.
UAE expresses solidarity over Kenya road collision
The UAE has expressed its solidarity with Kenya over the victims of a road collision in the Salama area, southeast of the capital Nairobi, which resulted in a number of deaths and injuries.
Five UAE convoys deliver 617 tonnes of aid to Gaza
Five UAE humanitarian aid convoys comprising 55 trucks and carrying 617 tonnes of humanitarian aid entered the Gaza Strip this week under Operation Chivalrous Knight 3, as part of the UAE's continued efforts to support the Palestinian people and meet their basic needs.
Freed From Desire
Gala
Love The Way You Lie
Eminem and Rihanna
Dracula
Tame Impala & Jennie
3:00pm - 7:00pm
7:00pm - 10:00pm
38°C
38°C
41°C
41°C
