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 ministry confirms 10 Emiratis, 4 Indians killed in Fujairah crash
The Ministry of Interior has confirmed that 10 Emiratis and 4 Indians were killed in the Fujairah crash after relevant authorities completed the formal identification process.
Dubai Police dismantles investment fraud network
Dubai Police have arrested a number of individuals for running an investment fraud scheme that tricked victims into opening bank accounts and digital wallets in exchange for money.
Public Prosecution launches investigation into Fujairah crash
The UAE Public Prosecution has launched an investigation into the Fujairah traffic accident that killed 14 people and injured around 30 others on Sheikh Khalifa Road in the early hours of Thursday.
Eid Al Etihad holidays confirmed for private sector
Private sector employees in the UAE will get a two-day holiday to mark the 55th Eid Al Etihad.
Prison terms, heavy fines for those involved in Abu Dhabi hotel brawl
The Abu Dhabi Criminal Court has convicted 10 people over a brawl at a hotel, which was filmed and circulated online.
UAE President, Arab League chief discuss regional developments
The UAE and Arab League have called for stronger coordination and collective action to address regional challenges and reinforce security and stability.
Dubai Police issues over 27,000 traffic fines in October
From driving without wearing seatbelts to using mobile phones, Dubai Police released smart camera footage of traffic violators, adding that 27,756 fines were issued in October.Â
UAE announces Eid Al Etihad holidays for federal sector
Federal government workers in the UAE will have three days off to mark the country's 55th Eid Al Etihad.
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In the fight against cancer, how important is having a strong support system—family, friends, and the community?
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