Offices of major banks in the business district of Singapore. File/Reuters
UAE Banks Federation (UBF) has unveiled the results of its 2019 Trust Index Survey revealing growing customer confidence in UAE banks, with 76% of respondents having high trust in the banking sector, up from 74% in 2018.
Value of funds collected through the UAE Direct Debit system (UAEDDS) of the Central Bank of the UAE (CBUAE) rose by 7 per cent to Dhs61 billion in 2019 from Dhs57 billion in 2018, according to figures released by the Central Bank of the UAE.
The neighbours are also putting in place travel arrangements for their residents who hold long-term immigration passes for business and work in the other country, their foreign ministries said in a joint statement.
Singapore’s trade-reliant economy plunged into recession in the second quarter with a record contraction, signalling a rough first half globally and an equally challenging outlook as the coronavirus crisis exacts a heavy toll on business and demand.
Kristian Cuku is set to make waves in the dynamic real estate landscape of Dubai and the UAE, marking a significant expansion in his successful career.
“The UAE has provided a creative space for individuals, institutions, business sectors and societies to realise their aspirations. It is a space based on human empowerment and an incubating environment for talents and optimists.”
The campaign marks the largest integrated travel campaign launched by Saudi in China, starting with a week-long Saudi Tourism Exhibition, a celebration of Saudi’s culture, heritage, and natural beauty on the Shanghai Bund waterfront...