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.
14 dead, 30 injured in Fujairah traffic accident
Fourteen people have died and 30 others have been injured following a major traffic accident in Fujairah, according to an update from the UAE Ministry of Interior.
H.H. Sheikh Mohammed issues law defining Dubai Municipality's mandate
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a law defining Dubai Municipality's mandate to build a future-ready city.
Sharjah reopens beaches to the public after tanker oil spill
Beaches in Sharjah have reopened to the public, with authorities confirming that an offshore oil spill involving a tanker in October has been contained.
8 arrested for Abu Dhabi hotel brawl; 2 more held for filming it
Abu Dhabi Police have arrested eight people for fighting at the entrance of a hotel in the Emirate, and two more for filming the brawl.
UAE President meets US delegation following trilateral talks with Ukraine, Russia
UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan has met with the US delegation that mediated the talks between Ukraine and Russia in Abu Dhabi this week.
Abu Dhabi arrests man in AED 14 million gold jewellery fraud
A man has been arrested in Abu Dhabi for defrauding the owner of a gold jewellery store in the UAE capital of items worth AED 14 million.
Several dead and injured in Fujairah road collision
Several people have been reported dead and wounded after a truck collided with a number of vehicles on Fujairah's Sheikh Khalifa bin Zayed Street early Thursday.
Ras Al Khaimah Ruler attends COP31 Leaders’ Summit
His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, led a high-level Emirati delegation at the opening of the COP31 Leaders' Summit in Antalya, Turkey.
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Pinoy Expat Corner
In the fight against cancer, how important is having a strong support system—family, friends, and the community?
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Pinoy Expat Corner
What should beginners know before getting into off-roading? What type of vehicle is ideal for off-road adventures?
