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 air defences intercept 5 missiles, 17 drones on Tuesday
The United Arab Emirates air defences intercepted five ballistic missiles and 17 drones on Tuesday, according to a statement from the Ministry of Defence (MoD).
UAE carries out over 8,000 inspections across markets to protect consumers
The Ministry of Economy and Tourism, in cooperation with the economic development departments across the UAE, carried out around 8,168 inspection visits to markets from February 28 to March 17.
UAE condemns Iranian attacks on Bahrain
The United Arab Emirates strongly condemned the Iranian attacks that targeted Bahrain that resulted in the death of a Moroccan civilian contractor in the UAE Armed Forces during a routine mission as part of the Emirati crew.
UAE President and NATO Secretary General discuss regional developments
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call on Monday with Mark Rutte, Secretary General of the North Atlantic Treaty Organisation (NATO), to discuss the implications of ongoing military escalation in the region.
