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 leaders highlight unity and strength in Dubai meeting
The UAE's leaders have emphasised the country's ability to overcome challenges through societal unity and strong institutions.
UAE modifies alert sounds in National Early Warning System
UAE authorities have announced an update to the National Early Warning System, with changes to the alert sound schedule.
2 members of UAE Armed Forces martyred in helicopter crash
Two members of the UAE Armed Forces died on Monday in a helicopter crash caused by a "technical malfunction", the Ministry of Defence announced on Monday.
UAE condemns drone attack on consulate in Iraqi Kurdistan
The UAE has strongly condemned an unprovoked drone attack on its Consulate General in the Kurdistan Region of Iraq, which caused material damage but no injuries.
The UAE's leaders have emphasised the country's ability to overcome challenges through societal unity and strong institutions.
UAE authorities have announced an update to the National Early Warning System, with changes to the alert sound schedule.
Two members of the UAE Armed Forces died on Monday in a helicopter crash caused by a "technical malfunction", the Ministry of Defence announced on Monday.
