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.
World’s Coolest Winter campaign spotlights UAE entrepreneurs
The UAE has launched the sixth edition of its World’s Coolest Winter campaign, with this year themed 'Our Winter is Entrepreneurial'.
UAE set for second phase of single-use plastic ban
The UAE is set to significantly widen its ban on single-use plastics, with the second phase coming into effect on January 1, 2026.
Dubai tests drones to clean traffic signals
Dubai’s Roads and Transport Authority (RTA) has begun a pilot project using drones to clean traffic signals across the city.
UAE leaders hail 'enduring bonds of friendship' on Bahrain's National Day
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages congratulating Bahraini King Hamad bin Isa Al Khalifa on the country's national day, which falls on December 16.
UAE locally produces 3 oncology medicines to strengthen fight against cancer
Three cancer drugs will be produced in the UAE in Mubadala Bio's new facility, marking a major step in "enhancing drug security and availability of cost-effective treatment options for patients" in the country.
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