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 bans citizens from travel to Iran, Lebanon and Iraq
The Ministry of Foreign Affairs has announced a travel ban for UAE citizens to Iran, Lebanon and Iraq, citing current regional developments.
UAE charges 13 people, 6 firms in Port Sudan arms trafficking case
The UAE's Attorney-General, Dr. Hamad Saif Al Shamsi, has ordered the referral of 13 defendants and six UAE-registered companies to the Abu Dhabi Federal Court of Appeal (State Security Court) on charges of illicit trafficking in military materiel, forgery and money laundering.
H.H. Sheikh Mohammed honours winners of Erth Dubai Awards
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has honoured the winners of the 'Erth Dubai Awards', recognising their contributions to preserving the emirate’s cultural and social heritage.
UAE, French foreign ministers review regional developments
His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has met with France’s Minister for Europe and Foreign Affairs, Jean-Noël Barrot, to discuss regional developments and bilateral ties.
UAE petrol prices to go up in May
Motorists will have to pay more for petrol in May as prices continue to rise for the third month in a row.
UAE plans nationwide events for International Workers' Day
The Ministry of Human Resources and Emiratisation (MoHRE) has announced a nationwide programme of events to mark International Workers’ Day on May 1, in collaboration with government and private sector partners.
UAE's supply chain system maintains efficiency: UAE minister
The UAE’s transport and supply chain system continues to operate efficiently, affirmed Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, adding that it reflects the country's "high level of resilience in addressing regional challenges".
UAE reaffirms support for Gaza peace plan at UN debate
Khalifa Shaheen Al Marar, Minster of State, has reaffirmed the UAE’s commitment to working with regional and international partners to end the conflict in Gaza and advance a path towards a two-state solution.
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