Khaleej Times, Thursday, Feb 09, 2023 | Rajab 18, 1444
UAE central bank granted licence to Russia’s MTS bank
Emirates:
MTS Bank is registered in Abu Dhabi and received the licence last year, the
information shows.
It is a fintech unit of Russia’s largest mobile operator Mobile TeleSystems. The
Financial Times reported the approval from the central bank earlier on Wednesday
Russians were the top non-resident buyers of residential property in Dubai in
the third quarter, consultancy Betterhomes said in October, as they seek a safe
haven from the Ukraine conflict.
The UAE, like Saudi Arabia, is a member of the Opec+ oil alliance that includes
Russia and has maintained good ties with Moscow despite Western pressure to help
isolate Russia over the invasion of Ukraine, which Moscow calls its “special
military operation”.