Tag: banking regulations

Abu Dhabi Enforces Stricter Penalties for Environmental Violations
Post

Abu Dhabi Enforces Stricter Penalties for Environmental Violations

In a significant effort to enhance environmental conservation, the Environment Agency — Abu Dhabi (EAD) has introduced new regulations that impose tougher administrative penalties on activities that damage the environment. This move aims to strengthen the enforcement of environmental standards and safeguard the emirate’s natural resources. The new framework enables the EAD to take swift...

Post

Dubai Sets New Rules for Foreign Banks with Penalties for Violations

Dubai has introduced new regulations targeting foreign banks operating in the emirate. H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, approved Executive Council Resolution No. (101) of 2024. This move aims to ensure that foreign banks comply with administrative guidelines while conducting business in...