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 stands firm with Qatar, urges unified voice and global action
At the Emergency Arab-Islamic Summit, the UAE reaffirmed its full support for Qatar in the wake of the recent Israeli strike on Doha, calling the attack a blatant violation of international law and regional sovereignty.
Sharjah Ruler documents history in new encyclopedia
His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah has announced 'Majma' Al-Tawarikh' (The Arabic Encyclopedia), a new historical project that will serve the Arab world by chronicling events from 550 BCE onwards.
Dubai sets global standards in urban planning with new think tank
Dubai has launched a major initiative aimed at reshaping the future of city planning.
H.H. Sheikh Mansour arrives in Doha for Arab-Islamic Summit
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, is leading the UAE delegation at high-level meetings in Doha.
Dubai Humanitarian dispatches more earthquake relief to Afghanistan
In response to the recent earthquake in Afghanistan, Dubai Humanitarian has dispatched a second relief airlift to the country in less than a week.
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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.
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!
