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 expands Bus-On-Demand service to three more areas
Dubai's Roads and Transport Authority (RTA) has expanded its Bus-On-Demand service to Al Satwa, Al Quoz and Mirdif, bringing the total number of areas served across the emirate to 20.
No injuries reported after fire at Dubai South workshop
No injuries were reported after a fire broke out at a workshop in the Dubai South area overnight.
Dubai Creek Lights project to create world-class nighttime destination
Dubai Municipality has started work on the AED 80 million Dubai Creek Lights project, which will transform an 8 km stretch of the creek with more than 5,000 lighting units, creating a striking nighttime experience that celebrates the area's history, culture and architecture.
Dubai Police issues warning after man caught for illegal money transfers
Dubai Police have urged the public to be extra vigilant while accepting part-time jobs online after a man was "hired" to carry out illegal money transfers for a fixed commission.
Dubai's Roads and Transport Authority (RTA) has expanded its Bus-On-Demand service to Al Satwa, Al Quoz and Mirdif, bringing the total number of areas served across the emirate to 20.
No injuries were reported after a fire broke out at a workshop in the Dubai South area overnight.
Dubai Municipality has started work on the AED 80 million Dubai Creek Lights project, which will transform an 8 km stretch of the creek with more than 5,000 lighting units, creating a striking nighttime experience that celebrates the area's history, culture and architecture.
