The Central Bank of the UAE (CBUAE) has cancelled the licence of insurance firm IRIS Health Services for not complying with the country's laws.
It's in "accordance with the applicable instructions and procedures for licencing health insurance third-party administrators," the authority added.
The CBUAE works to ensure that all insurance companies comply with UAE laws in a bid to safeguard the transparency and integrity of the insurance industry and the UAE financial system.
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The UAE Year Of Award has been launched to honour individuals and institutions who create meaningful impact and strengthen a culture of community action to make each annual "UAE Year Of" theme into a lasting national legacy.
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UAE welcomes Gaza agreement for Hamas disarmament
The UAE has welcomed an agreement announced by US President Donald Trump for Hamas to disarm and Israeli troops to withdraw in Gaza, calling it a significant milestone towards ending the conflict.
Sheikh Abdullah meets UK Foreign Secretary in London
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H.H. Sheikh Hamdan attends GCC joint military drill in Bahrain
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince, Deputy Prime Minister and Minister of Defence, has attended a GCCÂ joint military exercise at the start of his official visit in Bahrain.
UAE President discusses regional developments with Syrian counterpart
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Syrian leader Ahmad Al-Sharaa discussed regional developments during a phone call on Friday.
UAE strongly condemns renewed Iranian hostile attack on Kuwait
The UAE has strongly condemned Iran for continuing to strike Kuwait and reiterated its full solidarity and support for all measures the country takes to safeguard its security and stability.
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