The Central Bank of the UAE (CBUAE), revoked the licence of Galaxy Insurance Broker (Galaxy), an insurance broker operating in the Emirates due to noncompliance with regulations.
Additionally, the authority removed its name from the registry.
The Central Bank’s investigation into Galaxy’s lackluster compliance framework and regulatory noncompliance led to the imposition of the administrative sanction.
The Central Bank endeavors to guarantee compliance with UAE laws, regulations, and standards by means of its supervisory and regulatory mandates, with the goal of protecting the transparency and integrity of the insurance industry and the country’s financial system, by all insurance companies and insurance-related professionals.
Business Now sat down with Al Hassane Sidibé to explore the origins of JELOGO’s cross-border…
Envoyio doesn’t fit neatly into the mold of a typical digital agency. It sees itself…
Zentech CX enters at that breaking point — the moment when improvised support processes are…
Platforms like Flippa or Empire Flippers have long set the tone for online business sales
The first generation of AI tools in intellectual property (IP) largely operated on a prompt-response…
For neurodivergent individuals, creatives, or anyone who simply thinks differently, these tools can feel alienating.…