In the United Arab Emirates, a flourishing hub for business, commerce, and finance, you’ll find a diverse banking market ready to serve both expatriate residents and local and international investors. The Central Bank keeps a watchful eye on the banks in the UAE, ensuring everything runs smoothly for commercial, investment, and Islamic banks, as well as currency exchange firms, financial intermediaries, and investment companies. In this vibrant marketplace, you’ll find both domestic and foreign banks. In 2023, there are 23 domestic banks and 28 foreign banks operating in the country. Retail banking in the UAE If you’re an expat looking to open a bank account in the UAE, you’ll be pleased to hear that the process is relatively simple. You will be required to provide a number
