| About Dubai / Banking and Finance |
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| Banking and Finance |
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The UAE boasts a progressive banking system that continues to appeal to national and foreign enterprises alike. With a population of around 3.7 million, the UAE has one of the highest banks per capita ratios in the world. Advancement in banking in the UAE mirrors the innovative and progressive attitude of the country itself: |
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• Number of Domestic Banks 21
• Number of Foreign Banks 27
• Total Number of Branches 833
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| Major Foreign Banks: ABN Amro, BNP Paribas, Citibank, Lloyds TSB, Standard Chartered and HSBC. |
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| Investment Banks: |
UAE Investment Bank and HSBC Financial Services Limited. |
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| Dubai International Financial Center (DIFC): |
| DIFC is being established to position Dubai as a universally recognized hub for institutional finance and as the regional gateway for capital and investment in the Middle East. A critical component of this is the regulatory authority, known as Dubai Financial Services Authority (DFSA). The DFSA is an independent unitary regulatory authority responsible for the oversight of asset management, banking, securities trading, Islamic finance, insurance and re-insurance, and a regional financial exchange. |
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