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 leaders welcome guests to World Governments Summit 2026
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages welcoming guests to the World Governments Summit 2026, running from February 3 - 5 under the theme ‘Shaping Future Governments’.
Dubai to launch self-driving pod network
Dubai’s Roads and Transport Authority (RTA) has unveiled an autonomous electric transit system that officials say could transform urban travel and help ease congestion across the emirate.
H.H. Sheikh Hamdan announces Museum of the Future biodiversity lab
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, has announced a new Life and Biodiversity Laboratory, as part of efforts to promote conservation science and protect species from extinction.
Dubai agrees partnership to develop underground transport network
Dubai’s Roads and Transport Authority (RTA), on the sidelines of the World Governments Summit on Tuesday, signed a partnership with the US-based The Boring Company to begin work on a new underground passenger transport system known as the Dubai Loop.
Hazza bin Zayed reviews plans for cultural, tourism projects in Al Ain
His Highness Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Representative in Al Ain Region, has reviewed key cultural and tourism development plans for the area, including upgrades to existing heritage sites and new leisure projects planned for the coming years.
The legendary Craig David joins The Kris Fade Show for an unforgettable chat!
It arrived: The UAE's First Mega Music Festival at Expo City Dubai!
Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.
The super-star and multi-award-winning singer-songwriter, Jason Derulo is bringing the heat to Dubai.
