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Dubai Multi Commodities Centre (DMCC) and United Arab Bank (UAB) have signed a Memorandum of Understanding (MoU) to facilitate the companies opening a bank account, who are setting up in DMCC free Zone.
This MoU has been further strengthened today with the opening of a new UAB branch in DMCC?s Almas Tower.
The two parties have agreed to collaborate in creating a streamlined process where companies can register in the DMCC Free Zone and open a bank account simultaneously.
Ahmad Bin Sulayem, Executive Chairman, DMCC said, ?We continuously look at ways of improving efficiencies and enhancing the customer experience for DMCC member companies. Signing an MoU with the UAB further demonstrates our commitment to His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, to establish Dubai as the ultimate global hub for trade and enterprise, and our commitment to the regional and international business community by providing the products and services they require to succeed and progress in a business friendly environment.?