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 to begin lifting drone-use restrictions
The UAE has announced restrictions on drone activities will be lifted in phases on November 25, beginning with licenses for companies and government agencies.
Dubai Police warn residents of scam calls
Dubai Police have warned against calls from scammers asking for financial details, reminding residents official institutions will never request this information over the phone.
UAE President welcomes Indonesian counterpart
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received President Prabowo Subianto of Indonesia at his official reception ceremony in Qasr Al Watan on Saturday.
Indonesian President arrives in UAE on state visit
His Excellency President Prabowo Subianto of Indonesia arrived in Abu Dhabi on Saturday on an official state visit to the United Arab Emirates.
