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, Turkish Presidents pledge stronger ties at high-level meeting
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Turkish President Recep Tayyip Erdoğan co-chaired the first meeting of the UAE–Turkey High-Level Strategic Council in Ankara, during His Highness’s state visit.
UAE welcomes ceasefire in Suwayda, condemns Israeli escalation
The UAE has welcomed the announcement of a ceasefire in Syria’s Suwayda Governorate, calling it a vital step toward de-escalation and the protection of civilians.
Ceremonial welcome for UAE President at Turkish Presidential Palace
The UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan has been officially welcomed at the Presidential Palace in Ankara as part of his state visit to Turkey.
Dubai unveils new system to flag human vs AI-generated work
Dubai has announced the launch of a classification system to distinguish between human and machine contributions in creative, scientific and academic work.
UAE President arrives in Turkey on state visit
The UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan has arrived in Ankara on a state visit at the invitation of Turkish President Recep Tayyip Erdoğan.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
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