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The Central Bank has imposed penalties related to the law on anti-money laundering and counter-terrorism financing. Nicole Hill / The National

UAE Central Bank fines three exchange houses Dh4.1 million

Move comes as banking regulator cracks down on regulatory non-compliance

Banking

UK-US trade deal begins as steel negotiations continue

Emirates NBD to start charging for some international transfers

UAE bank's Islamic window suspended from taking on customers for six months

UAE Central Bank fines exchange house Dh3.5m for compliance failure

Turkish companies expect more deals to support Syrian reconstruction

Expansion push to help JP Morgan double its Middle East revenue by 2030



In focus

Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, speaks with a patient at the inauguration of Sheikh Khalifa Hospital. Photo: UAE Presidential Court

Fujairah's new Dh843m Sheikh Khalifa Hospital to boost emirate's health sector

UAE Team Emirates rider Tadej Pogacar celebrates winning Stage 4 of the Tour de France in Rouen. AP

Tour de France 2025: Pogacar sprints to 100 career wins

The latest Superman film, which stars David Corenswet as the lead, garnered rave reviews from early screenings. Photo: Warner Bros Pictures

Superman is an immigrant: James Gunn's political stance sparks controversy

There are about 30 million babies born each year in areas of Africa that are high risk for malaria. Getty Images

New malaria drug to treat babies and young children receives approval

Novak Djokovic has won 43 of his past 45 matches at Wimbledon. Reuters

Djokovic recovers from disastrous start to beat De Minaur in style at Wimbledon

The 100ml policy has been in place since 2006. Reuters

British airports start to drop 100ml rule for hand luggage

Those who apply for a golden visa can acquire a second passport, or at least residency in another country. Getty Images

Not just the UAE: these countries offer a golden visa to investors

Sheikh Maktoum bin Mohammed is the Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance. Photo: UAE Presidential Court

Meaning of Maryam, the name of Sheikh Maktoum's newborn daughter


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The UAE Central Bank did not name the two fined lenders. Wam

UAE Central Bank fines branches of foreign banks Dh18.1m for breaking rules

Penalties of Dh10.6 million and Dh7.5 million imposed on foreign lenders

Banking

UAE exchange house fined Dh200m for breaking money laundering rules

Banking
An HSBC bank branch in London. Despite its high-flown status, the bank nearly brought down the industry in the UK and imperiled operations in many other places. EPA

CommentHSBC's Lebanese troubles make the case for top-level accountability

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Lebanese depositors to get frozen funds back over time, Economy Minister pledges

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KKR's office in New York. The private equity firm will expand its presence in the Middle East where it has offices in Dubai and Riyadh. Getty Images

KKR appoints David Petraeus as Middle East chairman amid regional expansion push

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ExclusiveRAKBank of the future: A tech firm with balance sheet and a big heart

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UAE Central Bank follows Fed move to keep interest rates unchanged

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Investcorp buys majority stake in German logistics consultancy Miebach

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Mastercard users report issues with online payments globally

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Bernard Mensah, President of International at Bank of America. Bloomberg via Getty Images

ExclusiveBank of America sees deals slowdown as investors wait for Trump

A sense of the 'new playing field' is needed as global bank chiefs arrive in Dubai for annual global summit

Banking

UAE Central Bank follows Fed in keeping interest rates steady

Banking

UAE buyers to pay higher upfront property costs as Central Bank issues new orders

Property

Millionaires head for UAE as they quit UK amid tax hikes

UK

Federal Reserve's top bank regulator to step down early to avoid Trump clash

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Oman appoints new central bank governor

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Syria’s new central bank head faces monumental task with economy in turmoil

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Mohamed Abdelbary, group chief executive of ADIB, says it plans to boost its business in Egypt and Saudi Arabia. Victor Besa / The National

ExclusiveFuture of banking is AI-driven, Abu Dhabi Islamic Bank CEO says

With an in-house digital lab and a team of data scientists, the lender is pouring about 25 per cent of its annual cost into technology investment

Banking

How will US Fed rate cut affect UAE mortgages?

Money

UAE Central Bank lowers interest rates following US Federal Reserve move

Economy

InterviewUBS not reliant on blue sky scenarios for growth in Middle East, CEO says

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ExclusiveDubai's DIB open to acquiring other banks and FinTech businesses

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Bitcoin Mena: Crypto could be ‘revolutionary step’ for Islamic finance

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ExclusiveJamal Al Kishi's second stint at Deutsche Bank is all about growth

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Group chief executive Adnan Chilwan anticipates Dubai Islamic Bank's lending growth to match the projected 10 per cent increase this year. Photo: DIB

ExclusiveDubai's DIB open to acquiring other banks and FinTech businesses

The UAE's biggest Islamic lender has grown its balance sheet from close to Dh100bn a decade ago to more than Dh300bn and aspires to expand it further

Banking

Bitcoin Mena: Crypto could be ‘revolutionary step’ for Islamic finance

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ExclusiveJamal Al Kishi's second stint at Deutsche Bank is all about growth

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UAE launches digital KYC platform to boost financial transparency

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