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All legal relations between local and federal authorities are stipulated in the constitution of the UAE Full version

Interesting News and useful Articles about business in UAE

Main picture: The UAE banking system

The UAE banking system

authorPublished by Elvira Savir author | Tags: bank, banks, Dubai, UAE

The banking system of the Arab Emirates consists of the Central Bank and other local and foreign banking institutions. The Central Bank of the UAE performs key functions in the economy of the country and is a well-established financial structure.

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Main picture: What is a bank secrecy? What is the degree of a bank’s responsibility for its disclosure?

What is a bank secrecy? What is the degree of a bank’s responsibility for its disclosure?

authorPublished by Evira Savir author | Tags: Dubai, UAE, banks, bank

Privacy is one of the main issues of concern for bank clients. Let us understand what is included in the concept of bank secrecy, and what is the responsibility of a bank for its unlawful disclosure.

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Main picture: Closing a Bank Account in the UAE

Closing a Bank Account in the UAE

authorPublished by Elvira Savir author | Tags: Dubai, UAE, banks, bank

There can be different reasons to close a bank account in the United Arab Emirates. For example, in the case when the dissolution of an offshore or onshore company is planned, or if you want to change one bank to another which offering more attractive conditions, or you simply do not need a bank account anymore.

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Main picture: The Impact of Information Technology on the Development of the UAE Banking Products

The Impact of Information Technology on the Development of the UAE Banking Products

authorPublished by Elvira Savir author | Tags: Dubai, UAE, banks

In addition to high reliability, the UAE banks are also known for the use of the most advanced information technologies. Their aim is to ensure maximum safety of financial resources and to make banking services simple, comfortable and fast.

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Main picture: What is online banking and what are its advantages? Which banks provide this service in the UAE?

What is online banking and what are its advantages? Which banks provide this service in the UAE?

authorPublished by Elvira Savir author | Tags: Dubai, UAE, bank, banks

Convenient and well-established online banking is the indicator of a successful bank that keeps up with the current times. Development and maintenance of this service require considerable spending, what also speaks in favour of a bank’s reliability.

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