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.
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The UAE passport has risen to 5th place globally on the Henley Passport Index, climbing an unprecedented 57 places over the past two decades.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today welcomed His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, at Qasr Al Bahr in Abu Dhabi.
Dubai’s Roads and Transport Authority (RTA) will pilot a school transport pooling system in the first quarter of 2026.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has awarded the Order of Zayed, the country’s highest civilian honour, to Albanian Prime Minister Edi Rama, in recognition of his efforts to strengthen bilateral relations.
