Dubai's Mashreq, the emirate's third-biggest lender by assets, reported a 35 percent increase in first-quarter net profit on rising income thanks to improving economic conditions.
The lender made a net profit of 575 millio
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.
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
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
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
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
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
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.
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