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China bank opens ME subsidiary
- United Arab Emirates: Sunday, October 19 - 2008 at 09:39
The Industrial and Commercial Bank of China has announced the launch of its operations in the Middle East and North Africa region. ICBC (Middle East) is the first wholly-owned subsidiary bank established in the Middle East by any Chinese bank. Located in the Dubai International Financial Centre, ICBC (Middle East) has been authorised to conduct the financial services listed under Category One, which covers the widest range of local financial operations.
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Jeff Florian, Senior ReporterSunday, October 19 - 2008 at 09:39 UAE local time (GMT+4)
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