For nearly a week, ENBD customers have been denied access to withdraw or transfer funds, causing concerns that the bank is freezing outflows amidst the economic downturn. Radha Stirling explains that these fears are justified, and UAE banks provide little or no security for expats
It is a valid concern. Historically, banks in the UAE have panicked in economic downturns, and when they panic, they can be ruthless.
Radha Stirling, CEO of Detained in Dubai,