The National Bank of Fujairah (NBF) has opened a new unit in Jebel Ali, the bank said in a statement. 

The opening is a part of NBF’s business strategy to upgrade and enhance its market presence throughout the UAE, it added.

The “new” Jebel Ali branch now increases NBF’s network to eleven branches, with another four planned to open by the end of 2008.

'Jebel Ali is in a strategic location, not only is the port and freezone expanding rapidly, it is the gateway to the ‘New’ Dubai. Our latest facility here will enable us to consolidate our market position in corporate banking services whilst also capitalising on the enormous potential for retail banking, that will become prevalent throughout the new mixed-use communities,” said Easa Saleh Al Gurg, deputy chairman and chairman of the executive committee, NBF. – TradeArabia News Service