After several meetings in London between the new CEO of RAKICC, Doctor Sameer Ansari, and Charles Farran, we are proud to be appointed Main European Agent to RAKICC in the United Arab Emirates. Amanda J Molyneux and company limited have been licenced introducers for the past six years. Under the terms of the agreement, we will be jointly attending seminars and exhibitions with the RAKICC team. We will also be assisting other RAKICC licence agents in matters of training and compliance along with acting as an ‘incubator' company for service providers who wish to become licensed agents to RAKICC.
One of the more positive aspects of the new agreement has been the effect that it has had on the banks in Dubai. As many of you are aware, it has been almost impossible to open a bank account in Dubai for RAKICC companies and free zone companies. We are delighted to say that several banks are now working with us and again opening bank accounts.