VOL. XLV
No 40
7-October-2002
DUBAI
Dubai Bank BeginsOperations
The latest entrant into the UAE banking market, Dubai Bank,has been formally launched and began operations on 22 September. The new bank,capitalized at Dh300mn ($81.7mn) making it of comparable size to smaller banksin the sector such as National Bank of Fujairah and Investbank, aims to compete in an already over-bankedsector by focusing on IT-driven and customer-friendly services. According tothe bank, at the heart of its IT services...
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