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J.P. Morgan says it is expanding its presence in the United Arab Emirates  UAE .The banking giant announced Monday  Nov. 27  that it will begin offering deposit-taking and payment processing to wholesale banking clients from the Abu Dhabi Global Market  ADGM .According to a news release provided to PYMNTS, the UAEs Financial Services Regulatory Authority  FSRA  will let the bank upgrade its license to category one, which lets it offer payments and corporate banking services. This is an important step <a href=https://www.cup-stanley-cup.ca>stanley water bottle</a>  for J.P. Morgan to further develop its longstanding UAE footprint by upgrading the license of our ADGM registered entity to category one,  said Declan Hegarty, the banks senior executive of <a href=https://www.stanley-germany.de>stanley thermoskanne</a> ficer for Abu Dhabi. J.P. Morgan continues to invest in its presence in Abu Dhabi and I am delighted we are increasing our capabilities to support clients to drive business growth.  We are confident that ADGMs dynamic ecosystem and progressive regulations will enable J.P. Morgans vision, supporting them in developing their presence across Abu Dhabi and  <a href=https://www.stanley-cup.cz>stanley hrnek</a> UAEs vibrant financial landscape,  added Arvind Ramamurthy, ADGMs chief of market development. J.P. Morgans growing presence across Abu Dhabi reaffirms ADGMs appeal to leading international financial institutions and its strategic value to global finance. As PYMNTS wrote late last year, the UAE has over its half-century of existence established itself as a regional economic superpower, with business hubs in Dubai and Abu Dhabi among two of the mo Lesk First Indian Banks Join SWIFT Payments Intiative
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