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.
Abu Dhabi confirms 6 injured from falling debris at ICAD2
Abu Dhabi authorities have responded to an incident of debris falling in two locations in the Industrial City of Abu Dhabi Zone 2 (ICAD2) following the successful interception of drones by air defence systems.
Emirates to operate over 100 flights on March 5 and 6
Dubai's Emirates Airline has announced it will operate over 100 flights on March 5 and 6 from Dubai and return to "carry people eager to reach their final destinations, as well as essential cargo like perishables and pharmaceuticals" following the "partial reopening of regional airspace".
UAE intercepts 6 ballistic missiles, 125 drones on Thursday
The UAE air defences said it has intercepted 6 of the 7 ballistic missiles detected in the region on Thursday, with one falling within the country's territory.
UAE-US mediates exchange of 400 prisoners between Russia and Ukraine
The UAE-US joint mediation has led to the release of 400 prisoners of war between Russia and Ukraine.
Abu Dhabi's Zayed International Airport resumes limited passenger flights
Authorities in Abu Dhabi have announced the resumption of limited passenger flights from Zayed International Airport after a period of disruption due to the ongoing regional developments.
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