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 President, Zelenskyy discuss Ukraine crisis and bilateral ties
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks with Ukrainian President Volodymyr Zelenskyy on Sunday, focusing on bilateral cooperation and the latest developments in the Ukraine conflict.
UAE condemns Iranian attack on Kuwait
The United Arab Emirates has condemned the Iranian hostile attack targeting Kuwait with drones.
UAE offers condolences after deadly South Africa bus crash
The United Arab Emirates has expressed its condolences to South Africa following a deadly bus crash in the Free State province that killed at least 12 people, including five children, and left dozens more injured.
UAE launches annual award to honour changemakers
The UAE Year Of Award has been launched to honour individuals and institutions who create meaningful impact and strengthen a culture of community action to make each annual "UAE Year Of" theme into a lasting national legacy.
UAE becomes second country to approve Lipfendra to treat high cholesterol
The UAE has become the second country to approve once-daily, oral pill - Lipfendra - to treat adults with elevated low-density lipoprotein (LDL-C) cholesterol, a leading risk factor for cardiovascular disease.
Sharjah Police recovers AED 500,000 in stolen goods in under 3 hours
Sharjah Police have recovered stolen goods worth around AED 500,000 in less than 3 hours after being alerted that a house of an athlete was burgled.
UAE welcomes Gaza agreement for Hamas disarmament
The UAE has welcomed an agreement announced by US President Donald Trump for Hamas to disarm and Israeli troops to withdraw in Gaza, calling it a significant milestone towards ending the conflict.
Sheikh Abdullah meets UK Foreign Secretary in London
Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has discussed ways to strengthen bilateral ties and boost cooperation across key sectors during talks with UK Foreign Secretary in London.
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Pinoy Expat Corner
What inspired them to choose running as their form of exercise despite their busy work schedules as OFWs?
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What's the difference between pickleball, tennis, and badminton?
