Sunday 14 February 2016
 
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Mashreq

Mashreq posts $653m net profit in 2015

Mashreq, one of the leading financial institutions in the UAE, said it has maintained a steady performance in 2015 amid difficult market conditions with a solid net profit of Dh2.4 billion ($653 million) over the previous year. An

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Mashreq Q4 net profit falls 13.7pc

Mashreq, Dubai's third-biggest bank by assets, posted a 13.7 percent fall in fourth-quarter net profit on Wednesday. The lender made a net profit of Dh556.2 million ($151.45 million) in the three months to Dec. 31, it said in

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GEMS, Mashreq launch joint contest for students

GEMS Education and leading UAE financial institution Mashreq have launched their second joint 'Mobile Application Development Challenge' for students, commemorating the UAE Innovation Week.   The contest

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Mashreq appoints new retail banking head

Mashreq Retail Banking Group has appointed Subroto Som as its new executive vice president and head.   Farad Irani, who is passing the leadership to Som, brought to bear his extensive global experience and transf

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Fee income fall dents profit at Mashreq

Dubai's third-biggest lender by assets Mashreq posted a 7.6 per cent fall in third-quarter net profit on Wednesday as a drop in income from fees offset stronger profits from loans. The lender made a net profit of Dh551.4 milli

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UAE bank liquidity ‘still good’

Liquidity in the United Arab Emirates banking sector is still good and the government has adequate means to manage liquidity, the chief executive of Dubai's Mashreq bank said on Tuesday. "Our government has lots of resour

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Mashreq launches online foreign currency account

Mashreq, a leading financial institution in UAE, is offering its customers an instant foreign currency account (FCY) for those who have a natural need to maintain foreign currencies like US dollar, euro, pounds and Australian dollar.

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UAE credit growth expected to be flat in 2015

Credit growth in the United Arab Emirates is expected to be around 2 per cent this year, a senior banking official said, in a fresh sign the UAE credit cycle may have peaked because of low oil prices and cooling property markets.

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Mashreq Q2 net profit up 11pc to $176m

Mashreq, Dubai's third-biggest lender by assets, on Wednesday posted an 11 per cent rise in second-quarter net profit. The lender made a net profit of Dh649 million ($176.6 million) for the three months to June 30, according t

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Mashreq pioneers Visa Checkout in region

The UAE’s leading financial institution, Mashreq, today became the first bank in the Central Europe, Middle East and Africa region to launch Visa Checkout, a new digital payment service. The service, offered to all Mashreq c

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