The Agricultural Bank of China Dubai Branch was officially established on May 10, 2017, and is designated by the People’s Bank of China as the RMB clearing bank in the UAE.The Agricultural Bank of China Dubai Branch is committed to serving trade and investment between China and Middle Eastern countries. It provides services to Chinese “Going Global” and Belt and Road enterprises, high-quality local corporates in the UAE, as well as financial institution clients. The branch offers deposits, settlements, trade finance, working capital loans, syndicated loans, issuance of letters of credit and guarantees, and foreign exchange transactions in major currencies including RMB, AED, USD, and EUR. It can also undertake interbank risk participation, joint trade finance, RMB clearing, interbank lending, foreign exchange transactions on behalf of clients, and RMB purchase and sale.MORE >