Banking on High Standards
Arnold, Stuart, The Middle East
Dubai sets great store by its reputation as a banking centre. It aims to be lean, fit and efficient in an increasingly sophisticated international environment. Stuart Arnold surveys the banking sector's attempts to provide the best possible service.
DUBAI HAS TRADITIONALLY been seen as the leading commercial and trading centre of the UAE. Consequently, it is understandable that the financial sector is playing an increasingly important role in aiding the growth of commerce by building on this infrastructure.
Since 1980, the regulatory authority has been the UAE Central Bank. Currently in Dubai itself there are almost 50 banks (both domestic and foreign) doing business, of which 27 are from overseas. However, federal law …
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Publication information: Article title: Banking on High Standards. Contributors: Arnold, Stuart - Author. Magazine title: The Middle East. Issue: 224 Publication date: June 1993. Page number: 32+. © 2009 IC Publications Ltd. COPYRIGHT 1993 Gale Group.
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