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.
Dubai completes road improvements across six school zones
From improving entry and exit points to expanding parking capacity, six school zones in Dubai have seen road upgrades ahead of the new academic year.
UAE leaders reflect on Prophet Muhammad's legacy
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages hailing Prophet Muhammad (PBUH)'s values of mercy, goodwill and unity on his birth anniversary.
Dubai Police warns of fake social media ads offering visas for money
Dubai Police are warning the public against fake social media ads that offer work, residency or visit visas in exchange for money.
Sheikh Abdullah congratulates Peruvian FM on appointment
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has congratulated Carlos Espá on his appointment as Minister of Foreign Affairs of Peru.
