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DED signs licensing deal with Dubai Bank

  • United Arab Emirates: Sunday, September 13 - 2009 at 08:45

The UAE's Department of Economic Development (DED) has signed a co-operation agreement with Dubai Bank to facilitate electronic payment of trade licence fees. Under the agreement, Dubai Bank will present a detailed weekly report to DED covering all transactions and procedures that take place in the preceding week. The bank will also provide DED with electronic systems services for reviewing banking settlement.

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