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.
Arafat Day is for 'forgiveness, mercy, faith': H.H. Sheikh Mohammed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has shared a special message on Tuesday describing Arafat Day as the day of "forgiveness, mercy, and completion of faith".
UAE floating hospital in Egypt treats more patients from Gaza
Two more patients from Gaza are being treated at the UAE floating hospital in Egypt's Al Arish.
UAE President waives over AED 834 million in debt for Emiratis
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has cleared the debts of 2,339 low-income, retirees across the country, totalling more than AED 834 million.
H.H. Sheikh Khaled approves AED1.54 billion in housing benefits
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has approved a housing benefits package worth AED1.54 billion for 1,074 citizens in the capital, ahead of Eid Al Adha.
UAE expands support for Gaza healthcare system
The UAE has delivered a new humanitarian aid convoy to Gaza carrying 40 tonnes of medical supplies and four ambulances to support the territory’s strained healthcare system.
6:00pm - 7:00pm
An extra hour of the UAE's biggest radio show for your drive home.
Jimmy Cooks
Drake Ft. 21 Savage
Delicate
Taylor Swift
Workout
J Cole