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Dubai
Travel Tips and City Facts - UAE
Dubai
Travel Tips and City Guide
- To help you plan
a trip to Dubai, Dubai Hotel Discounts and City
Guide provides a summary of the important information
you need. |
Alphabetical Listing of United
Arab Emirates Travel Tips
|
| Dubai
Bank |
Dubai
Bank was launched on 23 Sep 2002, by its
Chairman Sheikh Hamdan bin Mohammed Al
Maktoum, at a function also attended by
Mohammed Ali Alabbar, chairman of Emaar
Properties, and Ahmed bin Brek, the chief
executive of the bank.
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The bank is
a resurrection of an old bank called the Emirates
Al Ahli Bank Ltd, which was established under
a decree issued in April 1977 by the Late
Sheikh Rashid bin Saeed Al Maktoum. The bank,
capitalised at Dh300 million, is a fully-owned
banking subsidiary of the real estate major
Emaar Properties.
At the heart
of he bank's new IT-driven service offerings
is the introduction of paperless account opening
for the bank's customers and instant fulfillment
of key banking services. According to the
Ministry of Economy and Commerce, the new
bank will be based in Dubai city but is authorised
to open branches in other emirates or outside
the UAE.
One of the
service which Dubai Bank offers is The Children's
Plan Investment.
Solutions
are as follows:
-
Children's
Plan is a regular monthly savings plan
that is available in terms as short as
5 years.
-
The
plan provides flexibility to increase
or decrease contributions and to make
additional lump-sum investments at any
time.
-
The
contributions are invested in a capital
and return guaranteed fund.
-
To
protect against any unforeseen circumstances,
the goal amount can be protected with
an insurance cover.
-
This
is an optional advantage that is available
at a very low additional cost.
-
Our
trained Relationship Managers will help
you customize an investment plan based
upon your requirements.
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