Standard Chartered Bank applies for DIFC license
Standard Chartered Bank in the United Arab Emirates (UAE) became the first commercial bank to apply for a license to operate from Dubai International Financial Center (DIFC).
"With the regulatory framework reaching the final stages of development, we wanted to be among the first to show our commitment to this important new pillar of regional growth,” said Chief Executive for Standard Chartered Bank in the UAE, Ray Ferguson.
Standard Chartered Bank has been operating in the Gulf for more than 80 years. It employs 30,000 people in over 500 locations in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
- New credit officer for Standard Chartered in the UAE and Iran
- Middle East revenues contribute to 23% of Standard Chartered’s 1H profits
- Standard Chartered applies to open Afghanistan branch
- SCB appoints new Chief Executive Officer in the UAE
- Standard Chartered attributes 20 percent of profits for 2003 to Middle East operations