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.
'Dubai-it' initiative to embed Dubai’s work philosophy across generations
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has announced the launch of the 'Dubai-it' initiative, aimed at passing Dubai’s work philosophy to future generations and embedding it across institutions and companies.
UAE President calls for stronger global cooperation at G7 Summit
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has participated in the 52nd G7 Leaders’ Summit in Évian-les-Bains, France.
Abu Dhabi offers 'innovative' precision therapy to treat advanced breast cancer
Abu Dhabi will now offer a more targeted breast cancer treatment for patients in advanced stages and resistance to conventional hormone therapy, giving them renewed hope and a better quality of life.
UAE foils drug distribution plot, dismantles criminal network
The National Anti-Narcotics Authority, in coordination with Ras Al Khaimah Police and other security agencies, has foiled a plan to promote and distribute narcotic substances inside the UAE.
Sharjah unveils projects worth AED750 million for direct road links to Dubai
His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has announced a series of projects worth AED750 million that will link internal and main roads between Sharjah and Dubai.
UAE President meets US President on sidelines of G7 Summit
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with US President Donald Trump on the sidelines of the G7 Summit in Évian-les-Bains, France.
UAE President, Greek PM discuss strategic cooperation
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has discussed strengthening strategic partnerships in key sectors with Greek Prime Minister Kyriakos Mitsotakis in a phone call on Tuesday.
Emirati Media Forum to address misinformation, AI and industry transformation
The 11th Emirati Media Forum will take place on June 22 in Dubai, bringing together industry leaders, editors, writers, content creators and social media influencers.
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