The Dubai Department of Economic Development (DED) and Noor Islamic Bank (NIB) have signed an agreement to facilitate electronic payment of trade license fees through the bank’s multiple accredited channels across the Emirate.

This initiative is part of the efforts to enhance productivity, ensure added-value service to clients and attract more investors to do businesses in Dubai, a statement said.

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

“The agreement with Noor Islamic Bank, which has vast experience and expertise in supporting business growth initiatives, aims at enhancing Dubai’s economic growth by providing eServices that will strengthen the use of non-paper procedures and give customers the option of paying fees through NIB’s multiple accredited channels,” said Khalid Al Kassim, deputy director general for services and operations, DED.

Dr Ahmed Al Janahi, deputy group CEO at Noor Islamic Bank, said: “The co-operation agreement with DED will contribute to enhancing the level of services provided to customers in line with the evolution of technology and to keep pace with Dubai’s fast economic development.”

“Noor Islamic Bank is committed to enhance online payment services to strengthen trade licensing procedures in Dubai. The agreement will facilitate the faster and easier payment of trade license fees,” he concluded. – TradeArabia News Service