The signing ceremony, held in the Dubai Land Department Offices, was attended by Director General of Dubai Land Department, H.E. Sultan Butti Bin Mijrin and Mr. Abdul Wahed Al Sayyah, Assistant General Manager-Corporate Bank, Emirates Bank along with other senior officials.
Mr. Abdul Wahed Al Sayyah, Assistant General Manager-Corporate Bank, Emirates Bank said, "Emirates Bank is very actively involved with all aspects of property development in Dubai - a significant contributor to the GDP. The agreement signed today reinforces our commitment to this important economic sector."
The Escrow Account Trustee Agreement complies with Law Number 8 of 2007 issued by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Browse
related articles
Emirates Bank signs escrow account trustee agreement with Dubai Land Department
- United Arab Emirates: Monday, September 03 - 2007 at 15:32
- PRESS RELEASE
Emirates Bank signed the Escrow Account Trustee Agreement with Dubai Land Department on September 3rd 2007, formally authorizing Emirates Bank as an approved Bank for opening and managing Escrow accounts for property developers registered with the Dubai Land Department.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Today's most read articles:
Log in to request more information from Emirates Bank Group
Notes and media contacts
About Emirates Bank InternationalEmirates Bank International, headquartered in Dubai, UAE, was established in 1977, and is the largest bank in the Emirate of Dubai by assets. Listed on the Dubai Financial Market, the bank currently employs approximately 4,800 people. Outside the UAE, Emirates Bank International has branches in Saudi Arabia and the UK, and representative offices in Iran, India and Singapore.
Emirates Bank International offers wholesale banking and investment banking through its Corporate Banking Unit, retail banking through its branch network and its direct banking channel "meBANK" as well as treasury services.
Emirates Bank International also offers Islamic banking through Emirates Islamic Bank, asset management through Emirates Investment Services, brokerage services through Emirates International Securities, and card processing through Network International. In addition it has significant shareholdings in Union Properties (property development), and National General Insurance.
Posted by Medilyn Manibo, Assistant News EditorMonday, September 03 - 2007 at 15:32 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds