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, India ink defence, energy partnerships as Sheikh Mohamed meets Modi
The UAE and India have agreed the framework for a strategic defence partnership following talks between President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi on Friday.
H.H. Sheikh Mohammed opens DEWA's 'largest, smartest net-zero energy' HQ
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated Dubai Electricity and Water Authority's headquarters - Al Shera’a (known as sail in Arabic) - in Al Jaddaf.
UAE to restore Umayyad Mosque in Syria's Damascus
The UAE has announced the restoration of the historic Umayyad Mosque in Damascus with the support Her Highness Sheikha Fatima bint Mubarak, Mother of the Nation.
WATCH: Dubai driver caught for reckless stunts on high-speed highway
Dubai Police have detained a driver and impounded his car with a release fee of AED 50,000 after his reckless stunts on a highway endangered the lives of other motorists.
