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 condemns terrorist plots in Morocco, supports safety measures
The United Arab Emirates has expressed its strong condemnation and denunciation of the terrorist plots that were foiled in Morocco on Monday.
Mohamed bin Zayed University for Humanities receives International Quality Accreditation
Abu Dhabi's Mohamed Bin Zayed University for Humanities has received the International Quality Accreditation (IQA), an institutional accreditation awarded by the UK Quality Assurance Agency for Higher Education (QAA).
UAE ministry revokes licence of private university over 'severe violations'
The Ministry of Higher Education and Scientific Research (MoHESR) has revoked the institutional licence and programme accreditation of Ajman-based Horizon University College following "severe and repeated violations of licencing and accreditation requirements".
UAE expresses solidarity with Ghana and Ivory Coast following floods
The United Arab Emirates on Monday expressed its solidarity with Ghana and Ivory Coast regarding the victims of last week's floods caused by heavy rains, which resulted in a number of deaths and injuries.
DEWA deploys agentic AI across its digital platforms
Dubai Electricity and Water Authority (DEWA) has rolled out agentic artificial intelligence (agentic AI) across its digital platforms, following directives from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to expand AI use across government services and operations.
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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.
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!
