The Central Bank of the UAE (CBUAE) has struck First Insurance Brokers Company off the Register for failure to comply with its regulatory obligations.
Investigations revealed that the insurance company had a weak compliance framework.
The CBUAE works to ensure that all insurance companies and professionals abide by the laws, regulations and standards in order to safeguard the transparency and integrity of the insurance industry and the UAE’s financial system.
UAE condemns continued Israeli escalation in occupied Palestinian territory
The UAE has joined the Arab Group and the Organisation of Islamic Cooperation (OIC) to express its strong condemnation of the continued Israeli escalations in occupied Palestinian territory at the UN Security Council.
Suspects held after social media dispute turns deadly in Sharjah
Sharjah Police have arrested several individuals after a social media dispute escalated into a violent fight that left one person dead and another injured.
H.H. Sheikh Hamdan hails National Defence College for shaping future leaders
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, has attended the graduation ceremony of the 13th cohort of the National Defence College in Abu Dhabi.
Summer rest stops ready for Dubai delivery riders
Dubai’s Roads and Transport Authority (RTA) has confirmed the full operational readiness of air-conditioned rest areas for delivery riders ahead of the summer season.
