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.
2 members of UAE Armed Forces martyred in helicopter crash
Two members of the UAE Armed Forces died on Monday in a helicopter crash caused by a "technical malfunction", the Ministry of Defence announced on Monday.
UAE participates in extraordinary EU–GCC leaders meeting
The UAE has taken part in an extraordinary meeting of leaders from the GCC, several regional partners and the European Union, to discuss Iranian aggression against countries in the Gulf and the wider region.
UAE welcomes US listing of Sudanese Muslim Brotherhood as terrorist group
The UAE has welcomed the decision by the administration of US President Donald Trump to designate the Sudanese Muslim Brotherhood as a terrorist organisation.
UAE ambassador to UN calls for 'de-escalation' in Iran conflict
The United Arab Emirates ambassador to the United Nations in Geneva called on Monday for a de-escalation of the U.S.-Israeli war on Iran and a return to negotiations.
Dubai ranked world’s cleanest city for sixth consecutive year
Dubai has retained its position as the world’s cleanest city for the sixth consecutive year, according to the Global Power City Index (GPCI) issued by the Institute for Urban Strategies at Japan’s Mori Memorial Foundation.
Indian education board CBSE postpones Class 12 exams until March 16
India's Central Board of Secondary Education (CBSE) has postponed exams scheduled for Class 12 students from Thursday, March 12, in the UAE and the Middle East till Monday, March 16.
UAE intercepts 12 ballistic missiles, 17 drones on Monday
The UAE air defence systems intercepted 12 ballistic missiles and 17 drones on Monday, according to figures released by the Ministry of Defence.
Vietnam show support for UAE following Iran attacks
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, received a telephone call on Monday from His Excellency Pham Minh Chinh, Prime Minister of the Socialist Republic of Vietnam.
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Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Pinoy Expat Corner
What is the difference between hiking in the UAE compared to hiking in the Philippines?
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
