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 sends humanitarian aid to earthquake-hit Colombia
The UAE, working with Paraguay, has sent humanitarian supplies to communities affected by the earthquake in Colombia as part of a $10 million aid package.
UAE calls for global action to combat extremism and hate speech
The UAE has called for a more inclusive international approach to combating extremism and hate speech, with greater involvement from community leaders, young people, civil society and technology companies.
Four UAE aid convoys deliver 781 tonnes of supplies to Gaza
Four UAE humanitarian aid convoys entered the Gaza Strip over the past week carrying 781 tonnes of supplies as part of Operation Chivalrous Knight 3.
Etihad Rail launches cargo service from Fujairah to Industrial City of Abu Dhabi
Etihad Rail has launched a direct cargo rail service connecting Fujairah Terminals with the Industrial City of Abu Dhabi (ICAD) in an effort to bring trade closer to customers.
H.H. Sheikh Hamdan announces new Acting Director General of Dubai Ruler's Court
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has announced the appointment of Abdulrahman Saleh Al Saleh as the Acting Director General of His Highness the Dubai Ruler's Court.
RTA completes works on Oud Metha, Al Asayel Streets development project
Dubai's Roads and Transport Authority (RTA) has completed all works on the Oud Metha Road and Al Asayel Street development project, which included the construction of four bridges and two tunnels.
H.H. Sheikh Hamdan launches second Rashid Villages project in Zanzibar
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, on Saturday directed the launch of a second village under the Rashid Villages initiative in Zanzibar.
UAE President, Indian PM discuss stronger bilateral ties
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call with Indian Prime Minister Narendra Modi to discuss opportunities to further strengthen bilateral relations.
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