The Central Bank of the UAE (CBUAE) has taken action against an insurance company that failed to comply with its regulatory obligations.
The authority revoked the licence of Al Khazna Insurance Company after follow-up inspections revealed the firm failed to meet the licencing requirements necessary to conduct business during the suspension period.
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.
Sharjah Ruler approves more than 4,400 student scholarships
Abu Dhabi steps up drive against abandoned vehicles, boats
Twenty five judges take the oath in Sharjah
UAE to train more than 24,000 educators ahead of new academic year
Dubai Police impounds 497 vehicles over unpaid traffic fines
