Commercial bank of Dubai to launch Visa Signature Credit Card

Marcello Baricordi, UAE general manager and Global Accounts Lead in Mena at Visa; Ramez Hanafi, business development director at Visa; Adlah Arif Alwawi, E-Aquiring Business Development Manager at CBD; Asma Ali Shahwari, ATM business development manager at CBD; and Souheil Yammine. — Supplied photo

The new premium card focuses on providing CBD’s affluent customers with attractive and exclusive privileges, offered both locally and globally. The benefits offered by the new CBD Visa Signature credit card include cash-back option on every Dirham spent locally or globally, or skywards miles on flights booked with Emirates Airlines. The CBD Visa Signature card has been introduced as the bank continues to enhance its value proposition to its affluent customers seeking unique privileges, greater offers and higher rewards for their lifestyle.

“Our customers lie at the heart of CBD’s strategy, and the launch of our Visa Signature credit card comes at a time when we’re gearing up for the next phase of growth in our consumer card portfolio and our premium product offerings in the UAE,” said Souheil J. Yammine, head of cards management, CBD.

PROPERTY

Aldar completes residential tower sale

Aldar Properties announced the completion of the sale of a residential tower in Marina Square to MAG F5 Holdings, a joint venture between MAG Group and Fortune|5 Investments. Mohammed Al Mubarak, Aldar’s chief executive officer, said: “The sale of the residential tower is part of our broader strategy of injecting capital into new developments and to diversify Aldar’s customer base with institutional investors. This is the first major acquisition by a Dubai-based investor in a number of years and demonstrates stronger investment ties between the two emirates.”

Freezone

RAK FTZ launches upgraded website

Ras Al Khaimah Free Trade Zone (RAK FTZ) has launched a substantially upgraded website with interactive features that make it easier for clients to set up profitable businesses in the free zone. RAK FTZ has also launched Kaytoob, an e-newsletter that provides up-to-date information about its award-winning services, top-notch facilities, client success stories, and more. “RAK FTZ’s new website and e-newsletter provide interactive windows on the free zone that make it easier than ever to set up profitable companies here,” said Peter Fort, RAK FTZ CEO.