Financial and Banking News
UAE Central Bank Charges for Licenses
The Central Bank of the United Arab Emirates announced last week that it isimposing fees on all foreign commercial and investment banks and financialinstitutions. The fee structure is set at Dh50,000 for a head office andDh10,000 for each branch. Investment banks pay a flat rate of Dh40,000 perannum, representative offices pay Dh20,000 and money changers pay Dh10,000 perannum. Fees for...