GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Ajman, United Arab Emirates (January 22, 2020):   Ajman Free Zone has signed a Memorandum of Understanding (MoU) with Mashreq Bank, the oldest privately-owned bank in the UAE. 


The agreement, spanning two years, will entail any business that chooses to set up in Ajman Free Zone being recommended the services of Mashreq Bank during the registration or licensing process.  This agreement also applies to businesses already registered under Ajman Free Zone Authority. 


When applying, companies will be prioritised by Mashreq Bank, which has allocated resources specifically for this, allowing for a quicker account set-up. Businesses will undergo the same standard vetting application process as other applicants, but the service will be faster. 


“We are delighted to sign the MoU with Mashreq Bank. This step comes in the context of our relentless endeavour to facilitate doing business in Ajman Free Zone and speed up, and simplify, the services provided to companies so that they can achieve their goals,” said Her Excellency, Fatma Salem, Acting Director General and CEO of Operations at Ajman Free Zone.


“This MoU enhances the region's steps towards digital transformation in providing services on various electronic platforms in order to reach an easy, simple, and modern work environment that serves investors from all over the world,” Her Excellency added. 


Rohit Garg – Head of Business Banking and NeoBiz, Mashreq Bank, said, “Mashreq Bank is delighted to partner with Ajman Free Zone to bring unprecedented convenience to their clients by offering a full spectrum of services designed to support their business requirements. For SMEs, setting up a business account can often be a challenging task, and as part of this agreement we are aiming to make this process as simple and efficient as possible.”


“Through our collaboration with Ajman Free Zone, we will offer seamless traditional and digital banking services, innovative solutions that will empower SMEs and entrepreneurs and deliver on their banking requirements. At Mashreq, we realise that SMEs are the back-bone of the national economy, and this partnership is a testament of how we strive to support them,” further commented Garg.


This step is one of many Ajman Free Zone has undertaken to become the preferred destination for local, regional, and international businesses in the UAE. Recent endeavours made by the Free Zone have included an ambitious digital transformation and the launch of a business hub to accommodate a wide range of requirements and license holders (from freelancers to established entrepreneurs.


 “As we start the new year, we will continue to take further steps towards equipping businesses with efficient services, while safeguarding their interests and ambitions,” Her Excellency added. 

 



Posted by : GoDubai Editorial Team
Viewed 4617 times
Posted on : Wednesday, January 22, 2020  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : DIB completes the acquisition of Noor Bank
Next Story : SunTrust Bank Nigeria to Revamp its Partnership with ICSFS
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin i...
Three Eggs get Yemeni National a Guinness World Records Title
Omega's Antimagnetic Tourbillon Is a Watchmaking Breakthrough
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track
The new BMW M5 and BMW M5 Competition
Toric Tourbillon Slate
GROHE Smart Control Review
Twitter tests Tweeting with Voice
Saxo Bank Launches Loyalty Program for MENA Region Clients
Hyundai Motor and Sony Pictures Entertainment Announce Unique and Pioneering Mul...
American Aesthetic Medical Center Has Something in Store for the Esthetical Figu...
WTTC Launches Safe Travels Protocols for Attractions, Car Hire and Short-Term Rental
NUDESTIX Launches - Nudies Blush, Bronze, and Glow Shade Extension
Volvo Cars Chengdu Car Plant Powered by 100 Per Cent Renewable Electricity
Range Rover Marks 50 Years of All-terrain Innovation and Luxury With Exclusive N...
Under-12 and Over-60 Can Now Take Part in Sports Activities: Dubai Sports Council
Dabur Ensures Safety with Hand Sanitizers and Personal Protection Kits as UAE Es...
Let's Brigthen Up! The Face Shop's Ultimate Summer Skincare Range From Belif is Here!
Handy Helper for Content Creators: The Compact A6100 Mirrorless Camera from Sony...
Pre-orders for Samsung's Galaxy S20+ 5G and Galaxy Buds+ BTS Edition now open in...
Experts Highlight need for Young Talent to Develop Skills for a Post-Covid-19 World
Dabur Launches Pure Organic Coconut Oil: Natural Protection for Hair, Skin, and ...
GEMS Wellington Academy – Al Khail Improves Rating to 'Very Good' in KHDA DSIB 2...
Etihad Airways to Recommence Flights to Athens
Dubai Sees Pronounced Uptick in Demand for Retail Units
Book Building of Amlak International's IPO of 30% of Shares
Sanctuary for the Senses: All-New Lincoln Corsair Arrives with Whisper-Quiet, Co...
Essence Spring/Summer 2020 Collection
Registration Opens for Training On the Camel Trek and Camel Marathon for Expats
Covid-19 Leads UAE Businesses to Adopt Upgraded Green Building Solutions
Dubai Sports Council Discuss Upcoming Sports Events With Federations and Organisers
Dubai Sports Council to Celebrate Dubai's COVID-19 Heroes Through Commemorative ...
Turkish Airlines Was the Busiest Operator in the Eurocontrol Area After Restarti...
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate'
INFINITI of Arabian Automobiles presents Dubai Islamic Bank customers Super Sale...
Crude Oil Headwinds on Virus and Technicals
Customers can Benefit from Increasing Gold Rate by just Paying 10% Advance at Ma...
Canadian University Dubai Receives Prestigious Certification in Education for Pu...
Report Reveals the Six Fintech Innovations That Will Boost the ‘Financial Health...
Serco Middle East Appoints New Managing Director for Dubai Metro and Dubai Tram
Big Bang Integral King Gold
Pan Emirates Unveils Exclusive New Collection
Digital Vision Technology Signals On-Track Success for Panasonic Jaguar Racing
Schneider Electric Extends Strategic Partnerships with AVEVA, Lenovo and Stratus...
Celebrate World Music Day with HONOR Magic Earbuds
The 11th Edition of the Arab Fashion Week to Launch Virtually Today, from June 2...
New Bentayga to Launch Beyond100
Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Securit...
Celebrate Summer Safely with the New, Shopping Normal at BurJuman
Registration open for Dubai Watersports Summer Week