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 holds military funeral for two servicemen martyred during training
A military funeral has been held for Major Abdullah Shams Al Menhaly and Warrant Officer Saeed Abdullah Al Shamsi, who were martyred while carrying out a training mission in the UAE on Monday.
Abu Dhabi makes it easier to issue and attest birth, death certificates
The process of getting and attesting death and birth certificates in Abu Dhabi has become a lot easier and quicker.
Syrian President to speak at opening session of Arab Media Summit
Syrian President Ahmad Al-Sharaa will speak at the opening of this year’s Arab Media Summit on Monday, the event's organising committee announced.
UAE President receives Albania's highest state honour
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has been awarded Albania’s highest state honour, the Grand Star of the Supreme Order of the Eagle, in recognition of his role in strengthening UAE-Albania ties.
