Mohamed Hilal Al Muroushedi, CEO of Shared Services Sector at DED
The Department of Economic Development in Dubai (DED) has strengthened its partnership signed with Dubai Bank in 2009 by completing 7,180 payments of license fees through the bank’s branches across the UAE by end of April 2012.
DED and Dubai Bank signed the partnership agreement to further ease the business registration and licensing procedures, and to allow more flexibility to investors and customers.
Mohamed Hilal Al Muroushedi, CEO of Shared Services Sector at DED, said: “We constantly monitor our co-operation agreements and the extent of their usefulness to customers. The results of our co-operation with Dubai Bank confirm the importance of such partnerships between public and private sector institutions and their role in enhancing Dubai's position as a leading financial centre and business hub, regionally and globally.”
Al Muroushedi added: “Through the partnership with Dubai Bank, we seek to ease trade licensing and business registration procedures and provide added value services for investors and customers. The initiative will reduce the pressure on DED’s offices and further speed up the process of issuing trade licenses.”
“The agreement provides for payment of DED fees by cash, cheques or credit cards through the various payment channels of Dubai Bank available to customers across the UAE,” said Mohammad Al Shehhi, Director of Finance Division at DED.