Abu Dhabi – Mubasher: Ras Al Khaimah Economic Zone (RAKEZ) has teamed up with Commercial Bank International (CBI) to enhance the business banking experience for RAKEZ clients.
The collaboration aims to bolster financial inclusion by streamlining access to a wide range of financial services and making them accessible to all users, according to a press release.
CBI will enable RAKEZ customers to easily manage their business setup processes, including opening their corporate bank accounts.
Furthermore, the two entities will explore additional areas of collaboration, including onboarding integrations, to back the interests of their respective clients and improve the overall business environment.
Ramy Jallad, Group CEO of RAKEZ, said: "We aim to make everything quick and easy in every aspect, and adding CBI to our growing list of strategic partners is another leap towards this objective."
Ali Sultan Rakkad Al Amri, CEO of CBI, commented: "We are looking forward to more fruitful initiatives that will further benefit our clients and that will contribute towards further developing a healthy business ecosystem.”
During the July-September 2023 period, the CBE recorded 38% higher net profits at AED 62 million, compared to AED 45 million in Q2-23.
