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.
Dubai private schools rank among world's top 10 in PISA 2025
Dubai's private schools have ranked among the world’s top 10 education systems by the Programme for International Student Assessment (PISA) 2025, with significant gains in reading, mathematics and science.
UAE strongly condemns Houthi attacks on Saudi civilian, economic facilities
The UAE has strongly condemned Houthi rebels for attacking Saudi Arabia's civilian and economic facilities and targetting commercial vessels in the Red Sea.
Sharjah arrests two for stealing prayer beads worth $100,000
Two people have been arrested in Sharjah for stealing prayer beads worth $10,000 within 24 hours of it being reported.
Fire breaks out at factory in Abu Dhabi's Musaffah area
Abu Dhabi authorities are responding to a fire that broke out at a factory in the Musaffah area in ICAD 3 on Tuesday.
Sharjah Ruler unveils part-time work plan for 1,000 senior citizens
His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has approved a new system that will allow 1,000 senior citizens to return to government offices for part-time work.
Dubai-Jakarta flights resume after Indonesia airport reopens
Emirates Airline has resumed flights between Dubai and Jakarta after the reopening of Soekarno–Hatta International Airport (CGK) on Tuesday, which had been closed since Sunday due to volcanic ash at Mount Anak Krakatau.
Six ambassadors take oath before UAE President
Six ambassadors have taken the oath of office before UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan in a ceremony on Tuesday.
UAE President to begin state visit to Germany on Wednesday
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan will begin a state visit to Germany on Wednesday, September 9.
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Pinoy Expat Corner
Why did they choose mountain biking as their sport? What makes mountain biking different from regular road cycling?
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Pinoy Expat Corner
Why is it important for them to preserve Ilokano culture and traditions even while living far from the Philippines?
