In the United Arab Emirates (UAE), a bank clearance letter is an important document that is issued when a customer decides to close an account with a bank. The bank clearance letter must contain the details of the closing of the account,...
The Board of Directors is responsible for setting the general policies and regulations of the CBUAE, approving the annual budget and financial statements, appointing the Governor, and approving the appointment of the CBUAEs staff. These include the Department of Administration, the Economic...
Banknotes are issued in denominations of 5, 10, 20, 50, 100, 200, 500 and 1000 dirhams, while coins are issued in denominations of 25 fils, 50 fils, and 1, 5, 10, and 20 dirhams. In addition to being accepted by banks, retailers...
Commercial banks are responsible for providing day-to-day banking services to individuals and businesses, such as deposits, loans, money transfers, and other financial services. These include the National Bank of Abu Dhabi, Emirates NBD, Dubai Islamic Bank, Abu Dhabi Commercial Bank, and First...
The UAE is home to some of the most iconic cities in the world, including Dubai and Abu Dhabi, and it offers a wide range of employment options, from construction and engineering to finance and hospitality. Hotels, restaurants, and other hospitality-related businesses...
