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China's ICBC Launches operations in the Gulf

18 November 2008

The Industrial and Commercial Bank of China (ICBC) has launched operations in the Middle East and North Africa region.

ICBC (Middle East) is the first wholly-owned subsidiary bank established in the Middle East by a Chinese bank.

This launch also reflects that ICBC has successfully taken a major step towards expanding its overseas financial services offering and promoting its internationalisation strategy.

Located in the Dubai International Financial Centre (DIFC), ICBC has been authorised to conduct the financial...


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