Middle East

UAE Central Bank fines foreign bank branch AED20 million over anti-money laundering failures

A foreign bank's UAE branch has been hit with a hefty AED20 million fine by the Central Bank of the UAE. This action stems from serious and recurring lapses in the bank's anti-money laundering and counter-terrorist financing systems. The bank's Head of Compliance also faces a AED300,000 penalty for failing to meet their duties, underscoring the regulator's commitment to financial system integrity.

Sharjah announces new parking timings, paid hours extended to midnight from July 1

Flying from Dubai this summer? Emirates issues travel alert, asks passengers to reach airport 3 hours early

Meet Aysha Ameer: Indian woman who won free Dubai studio apartment

Bangladeshi photographer wins over Rs 6 lakh in UAE Big Ticket draw after years of trying, says trust the process

51-year-old Indian man dies after medical emergency on Abu Dhabi-Bangalore flight

Saudi Arabia's $9 trillion dream city with flying taxis and a 170-km-long skyscraper is scaled back: What went wrong?

'Complained of arm pain': Kerala expat dies of cardiac arrest moments after badminton game in UAE

Father's Day 2026: UAE leaders pay emotional tributes to fathers, say 'we are what they built'

Massive crackdown: Saudi Arabia arrests more than 15,000 residency, labour and border violators in one week