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 condemns hostile Iranian attack targeting Qatari vessel
The UAE has strongly condemned the hostile Iranian attack on Qatar’s Al Rakeyyat vessel as it was transiting near the Strait of Hormuz.
UAE certifies world's first commercial air taxi vertiport
Dubai has taken another step closer towards launching commercial air taxi operations.
Ajman unveils AED 1.8 billion urban development roadmap
Ajman has unveiled a AED 1.8 billion development agenda aimed at enhancing community wellbeing and improving quality of life.
H.H. Sheikh Hamdan honours government entities for digital transformation
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and the UAE's Deputy Prime Minister, has honoured several government entities for carrying out digital transformations of its services.
H.H. Sheikh Mohammed to honour 'most beautiful Quranic voices in the world'
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the new edition of the Dubai International Holy Quran Award.
Abu Dhabi to establish specialised court for human trafficking crimes
Abu Dhabi will set up a specialised court for adjudicating human trafficking crimes following a resolution issued by Sheikh Mansour bin Zayed Al Nahyan in his capacity as Chairman of the Abu Dhabi Judicial Department.
Dubai expands support for aspiring Arab podcasters
The Dubai Press Club has launched the third edition of its Arab Podcast Program to help develop the next generation of Arabic podcast creators.
Mohammed Saeed appointed National Media Authority's Secretary-General
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a federal decree appointing Mohammed Saeed Rashid Al Shehhi as the Secretary-General of the National Media Authority, with the rank of Ministry Undersecretary.
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