International Banks in Dubai, the UAE

The influence of the UAE in financial matters of the region and worldwide is permanently growing. The government of the UAE strives to turn Dubai into a truly global financial hub providing best business opportunities, world-class services, and infrastructure. Partners, investors, and entrepreneurs from all over the globe are attracted by the transparency and efficiency of the UAE banking sector.

Many of the banks in Dubai, both local and international, are situated in Dubai International Financial City, a district of Dubai with a set of residences, business facilities, and tourist attractions. Banks located in Dubai International Financial City include such banks as Deutsche Bank, Citibank BNP Paribas, etc.

Dubai International Financial Centre plays a vital role in the state’s financial life. It is an independent financial zone managed by the government of the UAE. DIFC is a recognized financial hub of the Middle East, Africa and South Asia headed by the governor and consisting of the Higher Board, Board of Directors and several management teams. DIFC houses hundreds of international financial institutions and offers a variety of services including commercial and investment banking, project and infrastructure funding, trade and export finance. Companies and banks in Dubai International Financial Centre enjoy a 50-year tax-free environment on corporate income and 100% foreign ownership. The majority of the largest international banks in Dubai are situated in Dubai International Financial Centre.

The UAE has attracted a great number of internationally recognized banks due to its tax-free environment, diversification of the economy. Legal framework and attitude to innovation.

The list of top 10 largest international private and most influential banks in Dubai includes:

• HSBC Middle East;
• Standard Chartered Bank:
• Royal Bank of Canada;
• BNB Paribas Middle East;
• Citibank N.A.;
• Credit Suisse AG;
• Habib Bank A.G. Zurich;
• Arab African International Bank;
• BanqueLibanaise Pour Le Commerce.

International banks in Dubai, the UAE, provide a number of services including private, corporate, consumer, retail, and investment banking services, wealth management and transaction services. They give loans and credit cards, offer online banking. Besides, you can open an international bank account in one of the international banks in Dubai.

The influence of the UAE as a financial center and Dubai, in particular, is constantly increasing. Major international banks have already established their branches in Dubai. The others are under the consideration of making their presence as well. The role of the UAE as a Middle East financial hub is becoming more and more significant in the region and globally.

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