Business News from Wednesday, May 28th, 2025

Two foreign bank branches fined AED 18 million for regulatory breaches

The Central Bank of the UAE has issued major financial penalties against two foreign bank branches operating in the country.

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Dubai Police dismantles begging ring, arrests 41 people
Dubai Police on Friday announced it arrested 41 people for begging and seized AED 60,000 from their possession.
UAE secures presidency of UN-Habitat General Assembly
The UAE has achieved a new diplomatic milestone by winning the presidency of the General Assembly of the United Nations Human Settlements Programme (UN-Habitat) for the first time and securing membership in its Executive Board.
UAE Pavilion welcomes one-millionth visitor at Expo 2025 Osaka
The UAE Pavilion at Expo 2025 Osaka–Kansai welcomed its one-millionth visitor, marking a significant achievement in the pavilion’s journey since the Expo officially opened on April 13.