UAE Central Bank Revokes Galaxy Insurance Broker's License

The UAE Central Bank has officially revoked the license of Galaxy Insurance Broker. This decision marks a significant regulatory action in the financial sector. The move is expected to have broad implications for the industry and for the stakeholders of the insurance broker.

The UAE Central Bank has taken decisive action by revoking the license of Galaxy Insurance Broker, according to an official statement released on July 26. The revocation reflects ongoing regulatory efforts within the financial sector.

This regulatory move is part of broader measures to ensure compliance and maintain standards in the industry.

The implications for Galaxy Insurance Broker and its stakeholders are vast, potentially affecting the broader market dynamics.

(With inputs from agencies.)