Wednesday 16 April 2014
 
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Mashreq

Mashreq hikes foreign stake limit to 49pc

Dubai's Mashreq has increased the limit on foreign ownership of its shares to 49 percent, its chief executive said on Monday, in line with a wider move by companies in the UAE to open up to international investors. Companies a

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Mashreq's Q4 net profit jumps 48pc

Mashreq, Dubai's third-biggest lender by assets, on Monday posted a 48 percent rise in fourth-quarter net profit, Reuters calculations showed. The bank earned 504.6 million dirhams ($137.38 million) in the quarter, compared wi

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Mashreq named best UAE banking group

UAE-based financial institution Mashreq won the ‘Best Banking Group in UAE’ award at the World Finance Banking Awards 2013 recently. The criteria for choosing winners included bank performance, variety and clarity of p

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OSN closes $200m financing facility

OSN, a leading pay-TV network in the Mena region, has closed its first syndicated five-year financing facility for $200 million. Mashreq, a leading financial institution in the UAE, acted as the sole mandated lead arranger, bookru

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Mashreq Securities gets direct market access

Dubai Financial Market (DFM) has accredited ‘Mashreq Securities’ to provide Direct Market Access (DMA) for global brokers. This accreditation has lifted the number of DMA service providers to five brokerage firms, said

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Mashreq launches innovative cheque solution

UAE-based Mashreq, a leading financial institution, has launched its Easy Cheque solution, enabling its credit card members to pay anyone, anywhere, in any currency using their Mashreq cards account. With the launch of Easy Cheque

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Mashreq profit up 34pc to $353m

Mashreq, one of the UAE’s leading financial institutions, has reported net profit of Dh1.3 billion ($353 million) for the first nine months of 2013, a 34 per cent increase compared to Dh970 million during the same period last year.

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US judge narrows Mashreq claims on $40m losses

A US judge on Friday narrowed Dubai lender Mashreq's claims in a lawsuit that alleged ING Groep NV lost more than $40 million of the Dubai bank's money by investing it in "toxic" securities. US District Judge Lor

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Mashreq, Air Arabia in credit card tieup

UAE-based Mashreq bank said it has joined hands with leading budget carrier Air Arabia to launch the country's best “spend anywhere, fly anytime” credit card. The new 'Mashreq Air Arabia Visa platinum' cred

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Mashreq, Air Arabia in credit card tieup

UAE-based Mashreq bank said it has joined hands with leading budget carrier Air Arabia to launch the country's best “spend anywhere, fly anytime” credit card. The new 'Mashreq Air Arabia Visa platinum' cred

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