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.
H.H. Sheikh Hamdan awards Arab Hope Makers
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has awarded Morocco's Fouzia Jbara Mahmoudi with AED1 million as the top winner of the Arab Hope Maker initiative on Sunday.
UAE looks into framework to regulate children's social media use
The UAE's Education, Human Development, and Community Development Council is working towards establishing a framework that will regulate the use of social media among children.
UAE Ramadan moon-sighting committee to meet on Tuesday
The UAE Fatwa Council has announced that the moon-sighting committee will meet on Tuesday at 6:00 pm at Qasr Al Hosn in Abu Dhabi to indicate the start of the holy month of Ramadan.
RTA opens second bridge at Al Qudra intersection
Dubai’s Roads and Transport Authority (RTA) has opened the upper bridge on the intersection of Al Qudra Road and Sheikh Zayed Bin Hamdan Al Nahyan Street.
Abu Dhabi identifies over 40 modern heritage sites
Abu Dhabi has listed more than 40 modern heritage sites that require immediate protection and preservation.
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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!
