The Central Bank of the UAE (CBUAE) has cancelled the licence of insurance firm IRIS Health Services for not complying with the country's laws.
It's in "accordance with the applicable instructions and procedures for licencing health insurance third-party administrators," the authority added.
The CBUAE works to ensure that all insurance companies comply with UAE laws in a bid to safeguard the transparency and integrity of the insurance industry and the UAE financial system.
UAE carriers extend flight cancellations to Saudi Arabia amid regional disruption
Etihad Airways and flydubai have cancelled more flights between the UAE and several cities in Saudi Arabia following the airport attack on King Khalid International Airport in Riyadh on Saturday.
Fire contained at warehouse in Abu Dhabi's Al Dhafra area
Abu Dhabi authorities have successfully contained a fire that broke out at a warehouse in the Al Dhafra area on Sunday evening.
UAE strongly condemns Houthi attacks on King Khalid International Airport
The United Arab Emirates has strongly condemned the attacks launched by the Houthi group on Saudi Arabia's King Khalid International Airport in Riyadh.
2 UAE convoys deliver 259 tonnes of food aid to Gaza
Two UAE humanitarian aid convoys comprising 20 trucks carrying 259 tonnes of food supplies have entered the Gaza Strip this week under Operation Chivalrous Knight 3.
