Mashreq

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Recent Articles

• Mashreq opts for Postilion12 November 2008

  Mashreq has replaced its existing payment switch infrastructure with Postilion solutions.

• Mashreq holds off from new acquisitions11 November 2008

  UPDATE 1: Dubai bank stays cautious during global crisis but still expects to grow profit by 12%.

• Mashreq launches mobile banking10 November 2008

  Mashreq Bank launches region's richest mobile banking solution

• Mashreq open to merger - CEO9 November 2008

  UPDATE 1: But Al-Ghurair says decision must be driven by economic rationale and not politics.

• Mashreq sees profit drop 13%25 October 2008

  UAE's fourth largest lender posts net income of $94.2mn as value of regional share prices plunge.

• Al Ghurair wins Lifetime Achievement Award14 October 2008

  Mashreq boss honoured along with other top company chiefs at CEO Middle East Awards.

• Mashreq Capital CEO disappointed by DIFC role28 August 2008

  More promotion of DIFC, DFSA benefits required to encourage investors.

• Mashreq still keen on Banque du Caire purchase3 July 2008

  Dubai bank interested in Egyptian lender despite rejection of initial offer, cancelled sale.

• Barwa secures $190mn loan, eyes sukuk1 July 2008

  Qatari developer to use money to fund investments and projects, exec says.

• Future Pipe to borrow $150mn after shelving IPO8 June 2008

  Dubai fibreglass pipe maker looking to refinance debt, in talks with HSBC, Mashreq.

• Mashreq arranges AED3 bn du loan18 May 2008

  UAE telecoms provider to invest in network infrastructure.

• Sukuk structures set for shake-up3 May 2008

  Arrangers need innovative Shariah financing models.

• Nine banks arranging $5bn Dubai World loan22 April 2008

  Deutsche Bank, Emirates Bank, HSBC, Lloyds TSB and Mashreq Bank among lenders.

• No revaluation, depegging before year-end9 April 2008

  Gulf central banks will not shift monetary policy despite inflation, Mashreq exec says.

• Gulf fortunes tied to global markets9 April 2008

  More foreign funds in GCC contributing to higher volatility in local markets, Mashreq Capital chief says.

• Dubai's $4bn bond to spark boom in local market9 April 2008

  Firms set to follow suit and raise funds through dirham-based debt - Mashreq Capital CEO.

• Noor Financial eyes bid for Banque du Caire3 March 2008

  Commercial Bank of Kuwait interested in Egypt's third-largest state bank.

• Pressure on Gulf to depeg set to ease10 February 2008

  Resurgent dollar will ease calls on Gulf Arab states to cut ties with US currency, says Mashreq exec.

• Gulf investors bargain hunting in troubled US economy28 January 2008

  WEF: US the best place to be at time of global slowdown, wealth fund managers say.

• Mashreq plans massive push into Egypt17 December 2007

  UAE lender to open 30 branches in Egypt over next three years, CEO Al-Ghurair says.

• Mashreq’s funds first class1 November 2007

  Mashreqbank's Makaseb Arab Tigers Fund has been awarded an AA, very high quality, rating by the independent credit ratings agency Standard and Poor's.

• Skills poaching prompted by rebar futures contract13 October 2007

  Brokers and banks attempting to lure trading experts from UAE steel firms.

• Mashreq may swoop for Egypt lender16 September 2007

  UAE bank considering bid for state-owned Banque du Caire as part of plans to expand in country.

• Escrow account law unnecessary, says Hiranandani5 September 2007

  The managing director of Hircon International, Darshan Hiranandani has criticised the newly introduced escrow account law, describing it as an unnecessary extra cost.

• NBF agrees Al Hokair loan4 September 2007

  US$55m finance to develop health chain.