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Monday, June 26, 2006

UAE federal bank plans Turkish expansion

"UAE federal bank plans Turkish expansion
[Monday, June 26, 2006 9:56:00 am]
The Arab Bank for Investment and Foreign Trade (ARBIFT) has announced plans to expand into Turkey with the opening of a new base in the country on the horizon.

The strategy, in its early stages, will build on existing business ties between the UAE federal owned bank and the Turkish financial market by capitalising on investment opportunities created through the country’s current privatisation programme, as well as Turkey’s potential as a gateway into the European market."

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