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 air defences respond to missile threats, Sunday
UAE air defences responded to "incoming missile and drone threats" on Sunday morning.
Debris incident kills one in Al Barsha
Dubai authorities have confirmed that debris from an aerial interception fell onto a vehicle in the Al Barsha area, resulting in the death of a driver.
H.H. Sheikh Mohamed promises UAE will 'emerge stronger than before'
President His Highness Sheikh Mohamed bin Zayed Al Nahyan said the UAE will "emerge stronger than before", affirming that the safety and security of citizens, residents, and visitors remain a top priority.
Dubai authorities handle minor incident at Dubai Marina
Dubai authorities have announced their response to an incident at a tower in Dubai Marina that occurred due to fallen debris on the building's facade as a result of a successful aerial interception.
H.H. Sheikh Abdullah discusses regional developments with global counterparts
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held a series of phone calls with a number of foreign ministers to discuss the latest regional and international developments in light of the unprovoked Iranian missile attacks targeting the UAE and several countries in the region.
UAE sends alert as air forces respond to missile, drone threats
The UAE's Ministry of Defence has announced on Saturday night that it is currently responding to missile and drone threats.
Over AED91 million raised by auction to support 'Edge of Life' campaign
The 'Most Noble Number' charity auction, held in Dubai on Saturday, has raised a total of AED91.405 million in support of the 'Edge of Life' campaign, which aims to rescue five million children from hunger.
UAE minister discusses joint defence cooperation with several countries
Minister of State for Defence Affairs, Mohamed bin Mubarak bin Fadhel Al Mazrouei, has looked into ways to expand areas of joint defence cooperation with several countries amidst the regional developments.
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Pinoy Expat Corner
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What is the difference between hiking in the UAE compared to hiking in the Philippines?
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
