Wednesday 22 May 2013
 
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Mashreq

Mashreq Q1 net profit surges 57pc

Mashreq, one of the UAE’s leading financial institutions, has reported a strong first quarter this year with a 57 per cent jump in its net profit which soared to Dh425.3 million ($111.5 million) compared to Dh270.8 million for the same per

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Mashreq plans $100m Islamic equity fund

  Dubai-based Mashreq Capital plans to set up an Islamic equity fund of up to $100 million in the third quarter of this year to invest in stocks across the Gulf region, given lower returns in the bond market, the company's ch

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Mashreq unveils new travel programme

UAE-based Mashreq has announced the launch of a special travel programme to help customers take off with exciting travel benefits and offers on their Mashreq credit and debit cards. Customers can look forward to never-before benef

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Mashreq sues ING over 'roach motel' debt losses

  Mashreq, Dubai's second largest bank, has filed a US lawsuit blaming Netherlands-based ING Groep for it losing 40 percent of a $108 million investment by improperly putting the money in risky debt.  

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Mashreq hosts expert to boost retail ops

Mashreq, one of the UAE’s leading financial institutions, recently hosted service guru Ron Kaufman in a staff event as part of the bank’s efforts to achieve service excellence in its retail operations. Ron Kaufman is a

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Mashreq unveils new prizes for scheme

Mashreq has announced new prizes to its MashreqMillionaire scheme, giving two customers the chance to win Dh1 million ($0.27 million). With new prizes for the months of February, March and April, customers will have more than one

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Mashreq sees 10-15pc profit rise in 2013

The chief executive of Dubai's Mashreq, the emirate's second-largest bank by market value, said on Tuesday he was "optimistic" about the bank's performance this year and expects profits to grow by between 10 to 15 per cent.

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Mashreq posts 60pc profit growth in 2012

Mashreq, one of the UAE’s leading financial institutions, has registered a 60 per cent growth in its 2012 profits which soared to Dh1.3 billion ($354 million) compared to Dh820 million the previous year, on the back of lower provisioning f

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Mashreq launches special DSF promotion

Mashreq has introduced a unique promotion during the Dubai Shopping Festival 2013, designed to make the festival three times more rewarding for its debit and credit cardholders. Mashreq cardholders are up for rewarding benefits to

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Mashreq unveils non-resident Egyptian offer

UAE-based Mashreq has for the first time launched a tailor-made proposition for non-resident Egyptians, in its endeavour to continue offering distinctive banking solutions. The move comes in as an extension to Mashreq’s pres

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