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.
Dubai Mallathon passes 100,000 participants in second edition
More than 100,000 people have taken part in the second edition of Dubai Mallathon, collectively recording over 220 million steps since the community fitness initiative began in June.
UAE issues rainfall alert in several areas from Saturday afternoon
The National Centre of Meteorology (NCM) has issued an alert of potential light to heavy rainfall in some parts of the UAE starting from Saturday afternoon.
Abu Dhabi reopens parks, beaches after weather improvement
Abu Dhabi City Municipality has announced the reopening of its parks, beaches, and recreational facilities early on Saturday.
UAE, seven nations urge immediate halt to Israel's E1 settlement plan
Foreign ministers from the UAE, Saudi Arabia, Qatar, Jordan, Indonesia, Pakistan, Turkey and Egypt have strongly condemned Israel’s continued illegal settlement expansion in the occupied Palestinian territories.
Abu Dhabi closes parks, beaches due to weather changes
Abu Dhabi City Municipality has announced the temporary closure of parks, recreational facilities and its affiliated beaches due to expected weather fluctuations.
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