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UAE MTS Bank opening soon
February 8th, 2023 - 08:19 GMT

UAE grants Russia’s MTS Bank rare banking license

ALBAWABA — The Central Bank of the United Arab Emirates has granted a license to Russia’s MTS Bank, according to the CBUAE website, the Financial Times reported on Wednesday. The move giving the first foreign bank in several years a license risks intensifying concerns among western nations over the U.A.E. becoming a potential financial safe haven working in Russia’s favor since MTS does not face the same restrictions as some ...
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