Information about Private Banking in Abu Dhabi
The banks concerned in the offer of private banking in Abu Dhabi offer their many customers, who are mostly private individuals with sizeable assets, a comprehensive range of services that include investment, financial services, and of course banking. The services of private banking in Abu Dhabi are offered on a personal basis than in the general manner that one might find in the retail banking sector. The banks offering the services of private banking in their customers cater to their needs through the use of dedicated bank. Wealth management is the most crucial field of the banks offering private banking in Bani Yas. Most of the banks offering private banking in Abu Dhabi deal with their customers through a designated relationship manager who deals with the individual customers to the banks, with their banking activities of deposit taking and payments and many other such related services. Private banking in Al Ain encompasses a comprehensive selection of services of which the asset management in with discretion, brokerage, tax advisory and concierge-type services form crucial aspects. Each one of the banks offering their customers the services of private banking in Abu Dhabi ensure that they build great trust when it comes to the relationship between the customers and the managers to ensure that there are no hindrances in offering the services and that the processes are hassle free. A large number of banks involved in private banking in Al Ain offer their customers value proposition along one or two dimensions depending on their specifications and their functioning. Most of the banks involved in private banking in Abu Dhabi offer their customers value propositions that are based on factors such as offering the customers a parent brand, a one-bank approach, a strengthened research and advisory team unbiased advice, and a strong platform. The parent brand is utilized by many banks offering private banking in Abu Dhabi to rope in customers by gaining their trust. These Banks have a strong presence across the globe and present private bank offerings as a part of the parent group. Many of the banks offer the customers a one bank approach where the personal and the business needs of the customers are catered to in the services of private banking in Abu Dhabi. The choice of collaboration is however, left to the customers who take up the services of private banking in Abu Dhabi. The services of the banks offering private banking in Abu Dhabi are designed in a manner that enables the professionals employed to be able to understand the need and risk appetite of the customers to ensure that they are able to create solutions accordingly. The many banks offering private banking in Abu Dhabi have a comprehensive number of customers across Bani Yas and each one the services offered by them is crucial to the customers.
Glittering Abu Dhabi is the United Arab Emirates capital city and is fast stealing the thunder of its more widely known neighbour, Dubai.
Before the discovery of vast amounts of oil and gas Abu Dhabi was a small fishing village, but following the natural resource boom in the 1950s Abu Dhabi was transformed into the sky-scraper-centric luxury haven that it is now. Of course Abu Dhabi is a Muslim country and, as with all the states in the UAE, westerners must adhere to rules they may not be used to back home.
The climate is, as expected, hot, particularly during the summer months when temperatures can hit 40 degrees Celsius. The winter season is still a warm 24 degrees on average. Being a dessert climate, the heat disappears at night, and during winter evenings, 13 degrees is the norm.
Under Sheikh Zayed, Abu Dhabi became the first emirate to export oil in 1962 and continues to depend on oil exports for a major part of its income, holding 95% of oil and 6% of gas resources of the country. This is approximately 9% of the world’s oil reserves.
In order to smooth out the fluctuations in income from formerly volatile oil prices, the emirate has been diversifying, with emphasis been put on the development of real estate and tourism. Huge investment has gone into major tourism projects including the US$40bn racing track at Yas Island, host to the Abu Dhabi Grand Prix, as well as the Abu Dhabi Film Festival and an increasing number of international exhibitions at the Abu Dhabi National Exhibition Centre (ADNEC).
The airport has recently undergone large scale development and improvement and is equipped to handle 12 million passengers annually. An additional capacity of 27 million passengers will be available on completion of the Midfield Terminal Complex (MTC), which is currently under construction. The airport serves as home and hub for Etihad Airways, the fast-growing national flag carrier of the United Arab Emirates, which is owned by the Government of Abu Dhabi.
In line with the somewhat traditional nature of the emirate, Abu Dhabi has concentrated much of the funding on a US$27bn cultural and financial centre set on the island of Sadiyat. When finished, the centre will host both a branch of the Guggenheim Museum and the Louvre along with three other museums, luxury hotels, a concert hall, art galleries and golf courses.
Culturally the city remains fairly conservative, with a higher national population than flamboyant neighbour Dubai, but the forward thinking attitude, investment acumen and willingness to embrace new business are incorporated into the traditional appearance.
If you have received a job offer then you will swiftly be granted a work permit and residency visa, the paperwork of which your new employer (sponsor) will deal with. These residency visas generally last for three years with the option of renewal. If you are travelling with family you will be allowed to take out a family visa which enables you to sponsor your partner and any children under the age of 18. Along with the application you will also have to undergo a medical examination.
Always partake in small talk, be courteous and polite, greet people with the traditional “Asalaam 'Alaykum” instead of 'Hello', and offer a firm shake of the hand. Arabic is the national language of Abu Dhabi but English is widely spoken, especially in business. Another difference from the western world is the working week, in Abu Dhabi the usual schedule is Sunday to Thursday, 9 to 5, with Friday being the day of prayer and rest. During the holy time of Ramadan business may come to a standstill as most people will be fasting during the day. If you do encounter women, which is rare in the male-dominated business world of the UAE, refrain from touching them, even a shake of the hand, unless they initiate.
If you do have to find your own apartment the general rates for rent per month are: AED 20,000 (£3.5k) for a fully furnished two bedroom house and around AED 10,000 (£1,700) for a fully furnished two bedroom apartment, dropping to an average of AED 8,000 (£1,425) for the same yet unfurnished. A single room can be rented for approximately AED 2,000 (£350) per month.
Areas that are popular amongst expats are Manasir, Musalla Eid and Karama, they are all close to the city centre, schools and parks.
To gain a driving license in Abu Dhabi, expats must simply obtain a residency permit and then submit their existing drivers license. As in all the UAE states driving etiquette is haphazard at best, reckless driving is the standard so only take to the roads yourself if you are a confident and experienced driver.
The other option of getting around is the multiple taxis that are both reliable and cheap. Most taxis offer a metered service, but if you come across one that isn’t be sure to agree your price prior to your journey to avoid argument.
There is a bus service that operates but the routes are not that extensive, with some simply venturing around the shopping malls.
One of the most popular places for expats to relax is the leisure facility known simply as ‘The Club’. The Club is a private members club that was established in 1963 with the aim to provide entertainment for the first batch of expats who travelled to Abu Dhabi when the oil boom began. The Club has a private beach, a gym, a golf course, a library, tennis courts... you get the picture, it has everything! They also regularly organise social events for their members, including extravagant parties at Christmas, New Years, Easter etc. To become a member of The Club you must apply via their website and have affiliation with current members, speak to your new colleagues with regards to finding a sponsor.
The nightlife scene in Abu Dhabi is actually more exciting than you may think; all the big hotels have nightclubs and bars that are allowed to serve alcohol. Many internationally known DJs and artists regularly perform in Abu Dhabi and there will also be more home-grown entertainment such as belly dancing.
Eating out is very popular in the UAE and with such a veritable melting pot of cultures the cuisine is varied and delicious! Seafood is especially popular and there are many fine restaurants waiting to serve you.
The main leisure activity in Abu Dhabi is shopping. There are a total of 18 different shopping centres where you can find pretty much any type of product you can think of, from clothes to electronics to authentic Arabic goods. The Madinat Zayed Shopping and Gold Centre is amongst the biggest of the malls. Every year during the month of March is the famous Abu Dhabi Shopping Festival where the cheap tax free prices go even cheaper, with incredible reductions and bargains on offer during this time.
If you are the type of person who is particular about their groceries then rest-assured, because Abu Dhabi has huge supermarkets that stock all the famous international foodstuffs, so your favourite breakfast cereal will no doubt be sitting on the shelf waiting for you to add milk.
The Abu Dhabi (and UAE) embassy can be found here: http://www.uaeembassyuk.net/
The banks concerned in the offer of private banking in Abu Dhabi offer their many customers, who are mostly private individuals with sizeable assets, a comprehensive range of services that include investment, financial services, and of course banking. The services of private banking in Abu Dhabi are offered on a personal basis than in the general manner that one might find in the retail banking sector. The banks offering the services of private banking in their customers cater to their needs through the use of dedicated bank. Wealth management is the most crucial field of the banks offering private banking in Bani Yas. Most of the banks offering private banking in Abu Dhabi deal with their customers through a designated relationship manager who deals with the individual customers to the banks, with their banking activities of deposit taking and payments and many other such related services. Private banking in Al Ain encompasses a comprehensive selection of services of which the asset management in with discretion, brokerage, tax advisory and concierge-type services form crucial aspects. Each one of the banks offering their customers the services of private banking in Abu Dhabi ensure that they build great trust when it comes to the relationship between the customers and the managers to ensure that there are no hindrances in offering the services and that the processes are hassle free. A large number of banks involved in private banking in Al Ain offer their customers value proposition along one or two dimensions depending on their specifications and their functioning. Most of the banks involved in private banking in Abu Dhabi offer their customers value propositions that are based on factors such as offering the customers a parent brand, a one-bank approach, a strengthened research and advisory team unbiased advice, and a strong platform. The parent brand is utilized by many banks offering private banking in Abu Dhabi to rope in customers by gaining their trust. These Banks have a strong presence across the globe and present private bank offerings as a part of the parent group. Many of the banks offer the customers a one bank approach where the personal and the business needs of the customers are catered to in the services of private banking in Abu Dhabi. The choice of collaboration is however, left to the customers who take up the services of private banking in Abu Dhabi. The services of the banks offering private banking in Abu Dhabi are designed in a manner that enables the professionals employed to be able to understand the need and risk appetite of the customers to ensure that they are able to create solutions accordingly. The many banks offering private banking in Abu Dhabi have a comprehensive number of customers across Bani Yas and each one the services offered by them is crucial to the customers.
Glittering Abu Dhabi is the United Arab Emirates capital city and is fast stealing the thunder of its more widely known neighbour, Dubai.
Before the discovery of vast amounts of oil and gas Abu Dhabi was a small fishing village, but following the natural resource boom in the 1950s Abu Dhabi was transformed into the sky-scraper-centric luxury haven that it is now. Of course Abu Dhabi is a Muslim country and, as with all the states in the UAE, westerners must adhere to rules they may not be used to back home.
The climate is, as expected, hot, particularly during the summer months when temperatures can hit 40 degrees Celsius. The winter season is still a warm 24 degrees on average. Being a dessert climate, the heat disappears at night, and during winter evenings, 13 degrees is the norm.
Information about Banks, Banking Solutions and Support Services
The establishments of banks banking solutions and support services in Abu Dhabi is host to one of the most significant range of companies and one of the most extensive networks in the establishments that one might come across in Abu Dhabi. The momentous amounts of the monetary elements involved in the field necessitates a large amount of services and products being utilized for the smooth and efficient functioning of the industry of banks banking solutions and support services in Abu Dhabi. In keeping with the wide range of products and service employed by the field of banks banking solutions and support services in Abu Dhabi are the number of classifications and the types of establishments that keep the industry of banks banking solutions and support services in Abu Dhabi functional. The products employed in the services of the banks banking solutions and support services in Abu Dhabi are quite sophisticated and require state of the art technology and a large amount of man-power. To ensure that all these prerequisites are satisfied the establishments involved in the industry of banks banking solutions and support services in Abu Dhabi ensures that the employees involved in the banks banking solutions and support services in Abu Dhabi are constantly updated with the technology and other relevant knowledge, that relates to the banks banking solutions and support services in Abu Dhabi. Security is one of the prime concerns of the banks banking solutions and support services in Abu Dhabi, for when people turn to the banks banking solutions and support services in Abu Dhabi it is with the hope that their investments and the monetary aspects of their life are safe and secure in the hands of the banks banking solutions and support services in Abu Dhabi. To ensure this the banks banking solutions and support services in Abu Dhabi employs a wide range of establishments, where each type and each establishment dedicates its services and products to a particular aspect and a particular sector in the banks banking solutions and support services in Abu Dhabi. This classification and categorization of the establishments involved in the banks banking solutions and support services in Abu Dhabi ensures that each establishment dedicates all of its resources, technology and man-power to a particular function in the banks banking solutions and support services in Abu Dhabi thereby offering the best and the safest there is. There are establishments of banks banking solutions and support services in Abu Dhabi dedicated to the printer security, the establishments of banks banking solutions and support services in Abu Dhabi dedicated to creation and modification of the investment banking software, the firms of banks banking solutions and support services in Abu Dhabi that offer banking consultants, the establishments of banks banking solutions and support services in Abu Dhabi that offer security control equipment and systems, establishments of the banks banking solutions and support services in Abu Dhabi that offer general banking services and private banking, the establishments of banks banking solutions and support services in Abu Dhabi that function as bank representative offices, the firms of banks banking solutions and support services in Abu Dhabi that manufacture bank equipment and supplies, the establishments of banks banking solutions and support services in Abu Dhabi that offer security transportation, the establishments of banks banking solutions and support services in Abu Dhabi that act as industrial banks and the companies of banks banking solutions and support services in Abu Dhabi that act as security companies and services. All these companies in the industry ensure that the users of the services and products of banks banking solutions and support services in Abu Dhabi are safe and secure and can trust their banks to the fullest. Moreover, there are corporations in the banks banking solutions and support services in Abu Dhabi that causes the development of the banks and the quality services offered to its service users
Citi Guide:
Abu Dhabi is the capital, the largest and wealthiest of the seven emirates and the seat of the federal government. It is home to major financial institutions such as the Abu Dhabi Securities Exchange and the Central Bank of the United Arab Emirates, as well as the headquarters of many major international conglomerates.Under Sheikh Zayed, Abu Dhabi became the first emirate to export oil in 1962 and continues to depend on oil exports for a major part of its income, holding 95% of oil and 6% of gas resources of the country. This is approximately 9% of the world’s oil reserves.
In order to smooth out the fluctuations in income from formerly volatile oil prices, the emirate has been diversifying, with emphasis been put on the development of real estate and tourism. Huge investment has gone into major tourism projects including the US$40bn racing track at Yas Island, host to the Abu Dhabi Grand Prix, as well as the Abu Dhabi Film Festival and an increasing number of international exhibitions at the Abu Dhabi National Exhibition Centre (ADNEC).
The airport has recently undergone large scale development and improvement and is equipped to handle 12 million passengers annually. An additional capacity of 27 million passengers will be available on completion of the Midfield Terminal Complex (MTC), which is currently under construction. The airport serves as home and hub for Etihad Airways, the fast-growing national flag carrier of the United Arab Emirates, which is owned by the Government of Abu Dhabi.
In line with the somewhat traditional nature of the emirate, Abu Dhabi has concentrated much of the funding on a US$27bn cultural and financial centre set on the island of Sadiyat. When finished, the centre will host both a branch of the Guggenheim Museum and the Louvre along with three other museums, luxury hotels, a concert hall, art galleries and golf courses.
Culturally the city remains fairly conservative, with a higher national population than flamboyant neighbour Dubai, but the forward thinking attitude, investment acumen and willingness to embrace new business are incorporated into the traditional appearance.
Employment, Work Permits and Visas
There are a tremendous number of expats in Abu Dhabi due to the mass need for workers that came about with the oil-growth. People from all over the world travel to Abu Dhabi for employment purposes, with tax-free salaries proving to be a big plus point. As a skilled or semi-skilled worker there will be a host of job opportunities for you in Abu Dhabi in sectors such as finance, construction, IT and of course Oil. There some positions that are exclusively held for Abu Dhabi nationals, but these are unlikely to affect your options.If you have received a job offer then you will swiftly be granted a work permit and residency visa, the paperwork of which your new employer (sponsor) will deal with. These residency visas generally last for three years with the option of renewal. If you are travelling with family you will be allowed to take out a family visa which enables you to sponsor your partner and any children under the age of 18. Along with the application you will also have to undergo a medical examination.
Business culture
After gaining employment in Abu Dhabi you should familiarise yourself with the codes of conduct that are prevalent in the offices and workplaces of this Muslim country. Despite the blistering heat of Abu Dhabi a formal code of dress is always necessary in the work place, especially for women. It is common for Abu Dhabi natives to arrive late to appointments and also for meetings to be disrupted by visitors. Such occurrences are the norm in Abu Dhabi so do not be alarmed or offended, in fact a lack of patience and humility on your part will be seen as offensive. In Abu Dhabi people like to do business on the foundations of good relationships.Always partake in small talk, be courteous and polite, greet people with the traditional “Asalaam 'Alaykum” instead of 'Hello', and offer a firm shake of the hand. Arabic is the national language of Abu Dhabi but English is widely spoken, especially in business. Another difference from the western world is the working week, in Abu Dhabi the usual schedule is Sunday to Thursday, 9 to 5, with Friday being the day of prayer and rest. During the holy time of Ramadan business may come to a standstill as most people will be fasting during the day. If you do encounter women, which is rare in the male-dominated business world of the UAE, refrain from touching them, even a shake of the hand, unless they initiate.
Accommodation
With so many people travelling to Abu Dhabi for work purposes the government installed a strong program of housing development. The many expats who live in Abu Dhabi tend to live all over the city in apartments, villas and expatriate compounds. A large number of companies who employ expats will assist you upon your arrival with relocation and rent information; in some cases you may even be given a company apartment.If you do have to find your own apartment the general rates for rent per month are: AED 20,000 (£3.5k) for a fully furnished two bedroom house and around AED 10,000 (£1,700) for a fully furnished two bedroom apartment, dropping to an average of AED 8,000 (£1,425) for the same yet unfurnished. A single room can be rented for approximately AED 2,000 (£350) per month.
Areas that are popular amongst expats are Manasir, Musalla Eid and Karama, they are all close to the city centre, schools and parks.
Transport
To gain a driving license in Abu Dhabi, expats must simply obtain a residency permit and then submit their existing drivers license. As in all the UAE states driving etiquette is haphazard at best, reckless driving is the standard so only take to the roads yourself if you are a confident and experienced driver.
The other option of getting around is the multiple taxis that are both reliable and cheap. Most taxis offer a metered service, but if you come across one that isn’t be sure to agree your price prior to your journey to avoid argument.
There is a bus service that operates but the routes are not that extensive, with some simply venturing around the shopping malls.
Entertainment and Lifestyle
Abu Dhabi is a Muslim country that follows strict rules, this means that you cannot freely drink alcohol, display public showings of affection or eat pork products. However, unlike some other UAE states where law is enforced very strictly, Abu Dhabi is happy to tolerate the ways of expats providing that they carry out their activities in a discreet manner. With a large expat community and an equally large amount of money being the foundation of Abu Dhabi, you will not have to worry about passing your leisure time as there is much to see and do.One of the most popular places for expats to relax is the leisure facility known simply as ‘The Club’. The Club is a private members club that was established in 1963 with the aim to provide entertainment for the first batch of expats who travelled to Abu Dhabi when the oil boom began. The Club has a private beach, a gym, a golf course, a library, tennis courts... you get the picture, it has everything! They also regularly organise social events for their members, including extravagant parties at Christmas, New Years, Easter etc. To become a member of The Club you must apply via their website and have affiliation with current members, speak to your new colleagues with regards to finding a sponsor.
The nightlife scene in Abu Dhabi is actually more exciting than you may think; all the big hotels have nightclubs and bars that are allowed to serve alcohol. Many internationally known DJs and artists regularly perform in Abu Dhabi and there will also be more home-grown entertainment such as belly dancing.
Eating out is very popular in the UAE and with such a veritable melting pot of cultures the cuisine is varied and delicious! Seafood is especially popular and there are many fine restaurants waiting to serve you.
The main leisure activity in Abu Dhabi is shopping. There are a total of 18 different shopping centres where you can find pretty much any type of product you can think of, from clothes to electronics to authentic Arabic goods. The Madinat Zayed Shopping and Gold Centre is amongst the biggest of the malls. Every year during the month of March is the famous Abu Dhabi Shopping Festival where the cheap tax free prices go even cheaper, with incredible reductions and bargains on offer during this time.
If you are the type of person who is particular about their groceries then rest-assured, because Abu Dhabi has huge supermarkets that stock all the famous international foodstuffs, so your favourite breakfast cereal will no doubt be sitting on the shelf waiting for you to add milk.
The Abu Dhabi (and UAE) embassy can be found here: http://www.uaeembassyuk.net/
