A UAE-based bank has been ordered to compensate a customer who lost more than AED 4.5 million in savings following a SIM card swap scam.
His account was emptied by fraudsters who managed to get a replacement phone SIM and changed the PIN connected to his banking services.
The Dubai Commercial Court found the bank responsible for the client's losses as his personal details had been leaked.
The verdict has been appealed by the bank.
UAE air defences intercept 5 missiles, 17 drones on Tuesday
The United Arab Emirates air defences intercepted five ballistic missiles and 17 drones on Tuesday, according to a statement from the Ministry of Defence (MoD).
UAE carries out over 8,000 inspections across markets to protect consumers
The Ministry of Economy and Tourism, in cooperation with the economic development departments across the UAE, carried out around 8,168 inspection visits to markets from February 28 to March 17.
UAE condemns Iranian attacks on Bahrain
The United Arab Emirates strongly condemned the Iranian attacks that targeted Bahrain that resulted in the death of a Moroccan civilian contractor in the UAE Armed Forces during a routine mission as part of the Emirati crew.
UAE President and NATO Secretary General discuss regional developments
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call on Monday with Mark Rutte, Secretary General of the North Atlantic Treaty Organisation (NATO), to discuss the implications of ongoing military escalation in the region.
UAE, Slovenia condemn Iran attacks and regional developments
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan spoke to President of Slovenia Dr. Natasha Berk-Musar where she condemned the ongoing Iranian attacks against the UAE and countries of the region, which target civilians, civilian facilities and infrastructure.
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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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