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DED and Commercial Bank of Dubai Sign Deal

DUBAI — The Dubai Department of Economic Development, or DED, and Commercial Bank of Dubai, or CBD, have signed a co-operation agreement to give customers the option of paying fees electronically.

This initiative aims at enhancing productivity, ensuring value-added 
services to clients and attracting investors to do business in Dubai.

As per the agreement, CBD will provide DED with electronic systems services to facilitate the review of banking settlement and also present a weekly detailed report covering all transactions and procedures that took place during the preceding week.

Ali Ibrahim, Deputy Director General for Executive Affairs, DED, 
and Faisal Galadari, 
General Manager, Business Group, signed the agreement. Officials from DED and 
CBD attended the 
signing ceremony.

“DED will assist investors by co-ordinating with other government departments and authorities in achieving our objectives. We are always on the lookout to set applicable strategies to strengthen trade licensing procedures in Dubai,” said Ali Ibrahim.

“Our partnership with DED will benefit a large cross-section of customers. This agreement follows a number of other initiatives to provide eServices to other establishment and government departments.”

· business@khaleejtimes.com