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.
H.H. Sheikh Hamdan grants Golden Visas to over 200 educators
More than 200 educators have been awarded Golden Visas as part of an initiative by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, to recognise the critical role they play in shaping Dubai’s future.
UAE, Cyprus enhance parliamentary cooperation
Top parliamentarians from the UAE and Cyprus met today to review cooperation between the two countries, and explored ways to strengthen them, particularly in the field of parliamentary diplomacy.
UAE, Argentine Presidents discuss bilateral ties
President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call on Friday with Argentina's President Javier Milei, during which they discussed bilateral relations.
UAE presents 'Mother of the Nation 50:50 Vision' at UN Forum
The UAE participated in the 10th UN Global Forum on Gender Statistics, hosted by the National Statistics Office of Georgia (Geostat) and organised by the UN Statistics Division (UNSD) in Georgia from October 1-3, under the theme “Driving Change with Gender Statistics: A Path to Equality''.
UAE President welcomes Yemeni PM in Abu Dhabi
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Yemen’s Prime Minister Salem Saleh bin Braik, to discuss strengthening bilateral ties and advancing cooperation between the two nations.
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