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.
One dead, four injured in Habshan gas facility incident
In an update on a previously reported incident at Habshan gas facilities, Abu Dhabi authorities have confirmed one person has died and four others sustained minor injuries.
UAE approves new oral obesity treatment
The UAE has become the second country in the world to approve Foundayo (orforglipron), a new oral treatment for chronic weight management.
Twelve injured by falling debris in Abu Dhabi's Ajban area
Authorities confirmed on Friday that an incident reported earlier in Abu Dhabi's Ajban area resulted in injuries to 12 members of the public, ranging from minor to major.
EGA says Al Taweelah output could take a year to recover
Emirates Global Aluminium (EGA) said on Friday full restoration of primary aluminium production at its Al Taweelah site could take up to 12 months, following damage caused by recent missile and drone attacks.
40 million take part in Arab Reading Challenge, says H.H. Sheikh Mohammed
More than 40 million students from 60 countries have taken part in the latest edition of the Arab Reading Challenge, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said on Friday.
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Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
