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The Turkish Business Council of Dubai and the Northern Emirates signed an agreement with the National Bank of Fujairah (NBF) on Tuesday to facilitate financial access for Turkish companies operating in the United Arab Emirates (UAE).
The agreement, signed at the NBF headquarters in Dubai, aims to streamline procedures for Turkish entrepreneurs seeking to enter the Dubai financial ecosystem.
The deal covers several key services, including bank account setup, sector-specific financial advisory, and access to credit opportunities.
Through the council, Turkish companies will be able to interact directly with the bank, allowing them to complete financial transactions more swiftly and efficiently.
The National Bank of Fujairah, headquartered in the Emirate of Fujairah—one of the seven emirates comprising the UAE—is particularly active in gold and oil trade finance.
Founded in 1984, NBF operates 14 branches and serves over 45,000 customers. As a mid-sized bank, it offers services in five main areas: corporate banking, retail banking, treasury, investment services, and development financing.
Speaking at the ceremony, NBF CEO Adnan Anwar said the bank will launch a dedicated Turkish desk to serve both newly established companies and long-standing Turkish businesses in Dubai. He noted that, as a medium-sized institution, the bank can offer more personalized attention to clients.
“Our goal is to meet as many Turkish businesspeople as possible and build sustainable, mutually beneficial commercial relationships,” Anwar said.
Highlighting the bank’s long-standing collaborations with major Turkish firms in gold, maritime, information technology, and service industries, Anwar added that the new agreement is expected to accelerate the growth of Turkish client accounts.
Kanat Kutluk, president of the Turkish Business Council of Dubai and the Northern Emirates, emphasized that NBF is a well-established bank with a strong focus on trade finance. He underlined the strategic partnership's importance in supporting Turkish small and medium-sized enterprises (SMEs) and startups.
“Through this strategic cooperation, we aim to eliminate key barriers that firms from Türkiye face in accessing finance, establishing companies, and opening bank accounts in the UAE,” Kutluk said.
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