Mashreq

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Recent Articles

• Mashreq Capital plans sukuk fund13 April 2009

  Dubai-based firm to exploit sukuk offering high returns as Islamic bond market attracts greater interest.

• Mashreq Bank launches Egypt operation1 April 2009

  Dubai-based Mashreq rolls-out 10 branch retail operation after spending $99.4m.

• Emirates Islamic Bank to convert deposits into capital18 March 2009

  Bank is fourth in UAE to convert federal gov't deposits into Tier 2 capital.  

• Dubai's Mashreq to convert state deposits to capital16 March 2009

  Dubai-based bank follows similar moves by other UAE lenders to improve asset quality.

• Qatar index falls to new 5-year low1 March 2009

  Industries Qatar leads stock market to new 5-year low amid gloomier prognosis for global economy.

• Experts back Dubai's $20bn bond programme23 February 2009

  Bank chiefs say move will do much to boost confidence in emirate's financial sector.

• Mashreqbank reports 13% profit fall for 200814 February 2009

  The bank says liquidity and capital markets will be its priorities for 2009.

• Mashreq axes 175 employees amid slowdown5 February 2009

  UAE's largest private bank says it regrets move, blamed on depressed market.

• Bank chief urges action to boost UAE lending4 February 2009

  Mashreq's chairman says gov't should inject more cash into financial sector.

• Corporate bonds among best 2009 investments 24 December 2008

  Mashreq Capital chief talks about top opportunities in 2009 amid global crisis.

• 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.