RAKBANK Expands Services for Greater Bay Area Companies Entering Ras Al Khaimah

RAKBANK Group CEO Raheel Ahmed highlighted Ras Al Khaimah as a strategic launchpad for Chinese enterprises expanding into the Global South. The bank currently serves approximately 2,500 Chinese clients and offers 24-hour commercial account approvals via direct integration with local free zones.

Published October 25, 2026 Source: Newsgd.com

English Original
中文 Chinese version
العربية Automatic translation

Issuing authority: RAKBANK / Ras Al Khaimah licensing authorities and free zones
Jurisdiction: Ras Al Khaimah, United Arab Emirates
Stage: Final rule
Official source: www.newsgd.com

Illustration

RAKBANK Group CEO Raheel Ahmed stated that Ras Al Khaimah serves as a strategic launchpad for Chinese enterprises from the Guangdong-Hong Kong-Macao Greater Bay Area expanding into the Global South, according to Newsgd.com. Ahmed made the remarks during a business delegation visit that took place from October 17 to October 23, 2026.

The bank currently serves around 2,500 Chinese corporate and individual clients, providing dedicated Chinese-speaking managers, trade finance, and cross-border settlement solutions.

To streamline market entry, RAKBANK has established direct integration with Ras Al Khaimah's licensing authorities and free zones. This arrangement allows the financial institution to process and facilitate commercial account approvals within 24 hours.

According to the report, the financial institution's expansion follows significant growth in bilateral commerce, with nationwide UAE-China non-oil trade reaching $111.5 billion in 2025, reflecting a year-on-year increase of nearly 25 percent.