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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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