iPhone | iPad
Android
Huawei
They are accused of offering advice on trading high-risk foreign currency derivatives over the social media platform
KT APPDOWNLOAD
UAB sets up desk to support UAE-Turkish businesses
United Arab Bank (UAB), the fastest growing bank in the Middle East, has set up a dedicated desk to support Turkish businesses in the UAE, in a quest to become the preferred local bank for the Turkish business community in the UAE. The mutual relationship will also support UAE businesses when trading in the Turkish market.
UAB continuously strives to offer customers clear, compelling reasons to choose UAB as their bank of choice. Through the strategic alliance formed between Alternatifbank in Turkey and Commercial Bank of Qatar, a major stakeholder in both UAB and Alternatifbank, the bank will be able to serve the needs of UAE clients in Turkey in areas including investment banking, corporate banking, trade finance and mortgage financing. Furthermore, UAB will serve the banking needs of Turkish customers and companies doing business in the UAE.
Through this alliance UAB aims to tap into the ever-growing Turkish commercial banking market in the UAE and a potential retail customer base of approximately 20,000 Turkish expats, representing mainly white collar professionals benefitting from a higher income level.
Howard Kitson, executive vice president of wholesale and international banking, UAB, said: “The UAE is a central country within the region and relations are growing between the two countries. This coupled with the fact that the UAE is a window to reach the Asian, African and Arab markets, while Turkey is a window to reach the eastern and western countries in Europe, means that UAB and Alternatifbank will benefit from the significant business arising from the Turkey-UAE trade corridor.”
The president of the Turkish Business Council, Dubai and Northern Emirates, Hakan Bahceci said: “We are extremely pleased to learn about UAB’s initiative to form a desk dedicated to Turkish business. The alliance with Alternatifbank in Turkey shows UAB’s commitment to supporting businesses that are active in trade and investment between Turkey and the UAE.”
More news from
The two days of hearings at the International Court of Justice are part of a case brought by South Africa accusing Israel of genocide
Chennai Super Kings, who are fourth, and Royal Challengers Bengaluru lead the hunt for the remaining playoff spot
The 22-year-old batter became only the fifth uncapped player in IPL history to score over 500 runs in a season
Brent had touched an intra-day low of $81.05 on Wednesday
Digital payments remain a rapidly growing sector
Imports of aid through southern Gaza completely halted as fresh fighting adds to distribution challenges
The Spice Board of India has taken steps to ensure the safety and quality of Indian spice exports to these regions