Dubai Eye 103.8

On Air Now
Motor Mania
10:00am - Noon

Listen To Dubai Eye

UAE Central Bank revokes insurance company licence

Tuesday, 6 February 2024 14:12

By ARN News Staff

WAM

The Central Bank of the UAE (CBUAE) has revoked the licence and registration of Smart and Secure Insurance Agent (Smart and Secure), a company operating in the country.

It said it had imposed the sanction due to the agent's weak compliance framework and failure to meet regulatory obligations.

The CBUAE, through its supervisory and regulatory mandates, works to ensure that all companies and professionals abide by the UAE laws, regulations and standards to safeguard the transparency and integrity of the insurance industry and the UAE’s financial system.

Central Bank of the UAE revokes licence and registration of 'Smart and Secure Insurance Agent' due to its weak compliance framework and failure to meet regulatory obligations #WamNews https://t.co/9pvuLFZQay pic.twitter.com/4mbjlwrZ6S
— WAM English (@WAMNEWS_ENG) February 6, 2024

More from Business

Dubai sets new rules to regulate petroleum trading

Dubai has introduced new regulations related to the trading of petroleum products across the emirate.
DXB set for a strong year-end travel peak with 10 million guests expected

Dubai International (DXB) is preparing for a strong year-end travel wave, with forecasts indicating over 10 million travellers set to pass through the airport from November 27 to December 31.
Australian delivery workers set to gain minimum pay in landmark deal

Australian food delivery workers are on course to gain minimum pay levels after Uber Eats and DoorDash struck a deal with the country's transport union that is being hailed as a world first.
Dubai Airshow 2025 attracts over AED741.8 billion in deals

The 19th edition of the Dubai Airshow has set a historic record with deals surpassing AED741.8 billion ($202 billion), achieving double the AED370.9 billion ($101 billion) secured at its 18th edition in 2023.
Sheikh Hamdan, Sheikh Theyab attend EGA’s 50th anniversary celebration

Emirates Global Aluminium (EGA) is marking its 50th anniversary and a decade since the merger of Emirates Aluminium and Dubai Aluminium that created the company.

Coming Up on Dubai Eye

The Best of Dubai Eye 103.8
Noon - 4:00pm

Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.
Extra Time At The Weekend
4:00pm - 7:00pm

Passionate about sport? Then this is where you belong. Tom Urquhart, Chris McHardy and Robbie Greenfield are joined by an elite team of guests each week to look at all the sporting highlights of the weekend.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!