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.
GCAA: Normal air traffic operations resume in UAE airspace
The General Civil Aviation Authority (GCAA) has announced the full resumption of normal air navigation operations within UAE airspace and the lifting of temporary precautionary measures.
H.H. Sheikh Hamdan celebrates expansion of flame trees across Dubai
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, has directed the expansion of flame tree planting across streets, homes, recreational spaces, and public parks in Dubai.
UAE provides $300,000 to support cardiac treatment in Ethiopia
The Emirates Red Crescent (ERC) has announced a financial contribution of $300,000 to the Ethiopia Cardiac Centre to help it provide medical care and perform surgeries for children.
Abu Dhabi launches global autism awareness campaign
Abu Dhabi has launched a global awareness campaign that aims to enhance awareness of Autism Spectrum Disorder (ASD), promote positive interaction and inclusion, and contribute to building a more understanding and inclusive society.
UAE backs IMO move urging Iran to halt actions endangering Arabian Gulf waters
The UAE has welcomed a new resolution adopted by the International Maritime Organization’s (IMO) Marine Environment Protection Committee during its 84th session.
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Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
