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.
Ras Al Khaimah Economic Zone and RAKBANK have launched a 60-minute business bank account opening service for RAKEZ-licensed companies. The offer includes a zero minimum balance requirement and discounted monthly maintenance fees of AED 49 for the first 12 months. Eligible clients also receive fee waivers on domestic and international transfers through October 31, 2026.
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