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 sends humanitarian aid to earthquake-hit Colombia
The UAE, working with Paraguay, has sent humanitarian supplies to communities affected by the earthquake in Colombia as part of a $10 million aid package.
UAE calls for global action to combat extremism and hate speech
The UAE has called for a more inclusive international approach to combating extremism and hate speech, with greater involvement from community leaders, young people, civil society and technology companies.
Four UAE aid convoys deliver 781 tonnes of supplies to Gaza
Four UAE humanitarian aid convoys entered the Gaza Strip over the past week carrying 781 tonnes of supplies as part of Operation Chivalrous Knight 3.
Etihad Rail launches cargo service from Fujairah to Industrial City of Abu Dhabi
Etihad Rail has launched a direct cargo rail service connecting Fujairah Terminals with the Industrial City of Abu Dhabi (ICAD) in an effort to bring trade closer to customers.
H.H. Sheikh Hamdan announces new Acting Director General of Dubai Ruler's Court
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has announced the appointment of Abdulrahman Saleh Al Saleh as the Acting Director General of His Highness the Dubai Ruler's Court.
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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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