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 renewed Iranian attacks on Bahrain, Kuwait, Jordan and Iraq
The United Arab Emirates has strongly condemned the renewed Iranian attacks targeting Bahrain, Kuwait, Jordan, and the Kurdistan Region of Iraq with missiles and drones.
UAE launches project to combat pests in Gaza through 'Operation Chivalrous Knight 3'
The United Arab Emirates has launched a project to help combat pests - such as rodents and insects - to reduce disease transmission in the Gaza Strip, funded by 'Operation Chivalrous Knight 3'.
Some UAE carriers extend flight suspensions to Kuwait, Bahrain
Some UAE carriers have extended suspension of flights to Bahrain and Kuwait amid escalating regional developments.
H.H. Sheikh Khaled witnesses launch of AED100 billion Marsa Al Saadiyat project
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has witnessed the launch of Marsa Al Saadiyat, a development project valued at AED100 billion and spanning across 6.4 million square metres.
