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.
Dubai strengthens school transport safety ahead of new academic year
Dubai’s Roads and Transport Authority (RTA) is stepping up preparations for the new academic year, with student safety and reliable school transport at the centre of its plans.
Sharjah Ruler approves more than 4,400 student scholarships
His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved 4,434 scholarships for Emirati students at eight higher education institutions in the Emirate.
Abu Dhabi steps up drive against abandoned vehicles, boats
Authorities in Abu Dhabi are reminding residents, visitors and commercial operators not to leave vehicles or boats abandoned in public spaces.
Twenty five judges take the oath in Sharjah
Six judges of the Court of Cassation and 19 senior appeal judges took their oath before His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, on Monday.
UAE to train more than 24,000 educators ahead of new academic year
More than 24,000 school leaders, teachers, advisors and support staff will undergo a five-day training workshop ahead of the new academic year.
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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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