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.
Sheikh Mansour reviews second phase of Agentic AI project
Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has reviewed developments on the integration of Agentic AI in the federal sector as the country develops "the Government of the Future".
Dubai Humanitarian boosts relief efforts in Nepal
Dubai Humanitarian has sent around 74 tonnes of emergency aid to Nepal to support communities recovering from devastating floods and landslides.
Dubai Metro turns 17
The iconic Dubai Metro is marking its 17th anniversary on Tuesday.
UAE issues statement in response to media speculation
The UAE Government says it does not comment on media reports or speculation about conversations between government leaders.
