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    Question

    Which bank was granted in-principle approval to set up

    an IBU in GIFT City? 
    A Abu Dhabi Islamic Bank Correct Answer Incorrect Answer
    B Emirates NBD Correct Answer Incorrect Answer
    C Mashreq Bank Correct Answer Incorrect Answer
    D Doha Bank Correct Answer Incorrect Answer
    E First Abu Dhabi Bank Correct Answer Incorrect Answer

    Solution

    Mashreq Bank became the first UAE-based bank to receive in-principle approval to establish an International Banking Unit (IBU) at GIFT City. 

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