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.
UAE President, VPs send Eid Al-Adha greetings to Arab, Islamic nations
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent Eid Al-Adha greetings to leaders across the Arab and Islamic world.
UAE President performs Eid Al-Adha prayer at Sheikh Zayed Grand Mosque
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan performed the Eid Al-Adha prayer on Wednesday morning at Sheikh Zayed Grand Mosque in Abu Dhabi.
UN Security Council condemns drone attack on Barakah Nuclear Power Plant
The United Nations Security Council on Tuesday condemned the attack on Barakah Nuclear Plant in the United Arab Emirates, adding that it was a flagrant violation of international law that put civilian lives, infrastructure, and the environment at grave risk.
UAE President awards Irish ambassador First Class Order of Zayed II
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has awarded Elison Milton, Ireland’s Ambassador to the UAE, the First Class Order of Zayed II in recognition of her efforts in strengthening relations between the two countries during her tenure.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent Eid Al-Adha greetings to leaders across the Arab and Islamic world.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan performed the Eid Al-Adha prayer on Wednesday morning at Sheikh Zayed Grand Mosque in Abu Dhabi.
The United Nations Security Council on Tuesday condemned the attack on Barakah Nuclear Plant in the United Arab Emirates, adding that it was a flagrant violation of international law that put civilian lives, infrastructure, and the environment at grave risk.
