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 launches annual award to honour changemakers
The UAE Year Of Award has been launched to honour individuals and institutions who create meaningful impact and strengthen a culture of community action to make each annual "UAE Year Of" theme into a lasting national legacy.
UAE becomes second country to approve Lipfendra to treat high cholesterol
The UAE has become the second country to approve once-daily, oral pill - Lipfendra - to treat adults with elevated low-density lipoprotein (LDL-C) cholesterol, a leading risk factor for cardiovascular disease.
Sharjah Police recovers AED 500,000 in stolen goods in under 3 hours
Sharjah Police have recovered stolen goods worth around AED 500,000 in less than 3 hours after being alerted that a house of an athlete was burgled.
UAE welcomes Gaza agreement for Hamas disarmament
The UAE has welcomed an agreement announced by US President Donald Trump for Hamas to disarm and Israeli troops to withdraw in Gaza, calling it a significant milestone towards ending the conflict.
Sheikh Abdullah meets UK Foreign Secretary in London
Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has discussed ways to strengthen bilateral ties and boost cooperation across key sectors during talks with UK Foreign Secretary in London.
H.H. Sheikh Hamdan attends GCC joint military drill in Bahrain
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince, Deputy Prime Minister and Minister of Defence, has attended a GCCÂ joint military exercise at the start of his official visit in Bahrain.
UAE President discusses regional developments with Syrian counterpart
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Syrian leader Ahmad Al-Sharaa discussed regional developments during a phone call on Friday.
UAE strongly condemns renewed Iranian hostile attack on Kuwait
The UAE has strongly condemned Iran for continuing to strike Kuwait and reiterated its full solidarity and support for all measures the country takes to safeguard its security and stability.
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