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 Cabinet approves AED 292.5 billion for 2027-2029
The UAE Cabinet has approved a budget of AED 292.5 billion for 2027-2029, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, announced on Monday.
Etihad Airways cancels more flights to Saudi Arabia
Etihad Airways has called off more flights between Abu Dhabi and several cities in Saudi Arabia due to the regional disruption, with flights to Riyadh cancelled until October 19.
Dubai arrests group over fake Google reviews targeting company
A group of people have been arrested in Dubai for posting false, negative reviews on a company’s Google Maps page in an attempt to damage its reputation and cause financial losses.
UAE to train 50 young content creators on water sustainability
Fifty youngsters will be trained to create meaningful and engaging stories online with the power to influence and raise awareness on water sustainability under a new UAE programme.
UAE condemns continued Houthi attacks on Riyadh airport
The UAE has strongly condemned continued Houthi attacks on King Khalid International Airport in Riyadh, which injured a number of civilians.
10:00am - 1:00pm
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
1:00pm - 4:00pm
Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.
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!
