In a statement on Friday, the bank said that the administrative sanction is a result of the findings of an examination conducted by the CBUAE, which found that Galaxy had a weak…
Tag: license
Abu Dhabi's ADGM announces over 50% reduction in commercial license fees starting 2025
Under the revised fee schedule, new registrations within the non-financial category of businesses will see fees reduced from $10,000 to $5,000. In contrast, the annual licence renewal fees for the same category…
Barjeel Geojit gets SCA license to manage investment funds in the UAE
Barjeel Geojit is also supporting a SCA initiative aimed at expanding local opportunities in line with the broader vision of ‘We the UAE 2031’. The company expressed its commitment to contribute to…
First Insurance Brokers' license cancelled by UAE Central Bank for non-compliance
“The CBUAE, through its supervisory and regulatory mandates, works to ensure that all insurance companies and professions related to insurance companies, comply with the UAE laws and regulations adopted, to safeguard the…
UAE Central Bank revokes Cogent Insurance Broker's license for 'weak' compliance
Dubai: Weak compliance has led to the license of Cogent Insurance Broker being revoked by the UAE Central Bank. The latter had earlier conducted an assessment of the company’s operations, which found that…