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 forecasts unsettling weather conditions until January 3
The UAE’s weather authority has forecasted unsettling weather conditions starting Tuesday, December 30, until Saturday, January 3, with expected dusty conditions and a chance of rainfall across the country.
Dubai confirms free parking on New Year’s Day
Dubai's Roads and Transport Authority (RTA) has confirmed that public parking zones will be free of charge during the New Year holiday on Thursday, January 1, except at multi-storey facilities and Al Khail Gate N-365.
UAE condemns attempt to target residence of Russian President
The UAE has strongly condemned the attempt to target the residence of Russian President Vladimir Putin on Monday.
UAE issues landmark law on national educational curriculum
The UAE government has issued a landmark Federal Decree Law to govern the national educational curriculum.
UAE condemns stabbing attack in Suriname
The UAE has condemned the criminal stabbing attack on the outskirts of Paramaribo, the capital of Suriname, that killed at least 9 people and injured others.
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