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.
Burj Khalifa, Mubadala Tower light up for Abu Dhabi Grand Prix countdown
Dubai's iconic Burj Khalifa and Abu Dhabi's Mubadala Tower have lit up to mark the 50-day countdown until the 2026 Formula 1 Etihad Airways Abu Dhabi Grand Prix.
Sheikh Nahyan praises strong UAE-Iraq ties during community celebration
Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has affirmed the UAE's commitment to building relations with Iraq during the second edition of the “UAE Loves Iraq” festival on Saturday.
H.H. Sheikh Hamdan names SWS Board Technology for Dubai-it award
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has presented the Dubai-it Award to SWS Board Technology team for Projects in the Field of Economy.
RAK Ruler arrives in Shenzhen on working visit to China
His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has arrived in Shenzhen on Saturday on a working visit to China.
Dubai Police return lost handbag of valuables to traveller
A traveller flying through DXB was pleasantly surprised when Dubai Police found her handbag that she had lost before boarding her flight.
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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?
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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!
