Dubai Banking

Dubai had become a big name in the economy, politics and many aspects. So many people wonder how Dubai emerged as what it is today when its a relatively small country with so little natural resources compared to its neighboring countries. Perhaps a lot underestimated just how the lack of arable land and water for irrigation would make Dubai less of what it is but they are all proven wrong. Looking at Dubai now, who would think it is floating in precious oil being used world wide by industries all over the world? Dubai indeed has made a name for its self, and the progress of Dubai is simply remarkable. This remarkable progress had led to many different economic activities one of which is Dubai banking.

Perhaps where good economy and progress goes, banking is sure to sprout. Dubai banking is quite interesting to some. If you plan to go to Dubai and open a bank account then check out the kind of Dubai banking being adopted there. Like in most highly progressive countries, Dubai banking is very much alive. There are so many banks in Dubai. The banks in Dubai are both local and international but they have a Central Bank where all dirham, their currency go to.

Ethos consultancy made a survey about Dubai banks, so here are the details:
– Best Islamic Bank: Emirates Islamic Bank
– Best International Bank: Lloyds TSB Bank
– Best call centre performance: Dubai Islamic Bank followed by First Gulf Bank and RAK Bank.
Worst were Al Masraf Bank, Bank of Sharjah and Doha Bank
– Best websites and online services: First Gulf Bank and RAK Bank, followed Noor Islamic Bank.
Worst were Al Masraf Bank, Emirates Islamic Bank and Commercial Bank International.
– Best new bank: Al Hilal Bank
– Best for face-to-face customer interaction: RAKBank, National Bank of Dubai (NBD) and Commercial Bank.
Worst were Bank of Sharjah and National Bank of Umm Al Quwain.
– Customer service improved noticeably at RAKbank, First Gulf Bank, Abu Dhabi Commercial Bank, Emirates Islamic Bank, Mashreq Bank, Commercial Bank of Dubai and Barclays Bank.
– Worst for customer service were HSBC, Standard Chartered Bank and Citibank. Notably declining levels of customer service at National Bank of Abu Dhabi (NBAD), Union National Bank (UNB) and Royal Bank of Scotland (RBS) (previously ABN Amro).

These banks according to Ethos consultancy are the top banks out of 29. Still not sure yet? One thing is for sure Dubai banking is one of the best. Just go and look at their economy. You will see that it is very booming and growing. This only goes to prove that Dubai banking deserves a standing ovation.