Mashreq

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Recent Articles

• 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.

• Land Department defends escrow accounts16 August 2007

  The Dubai Land Department has defended escrow accounts amid rumours of "grey areas" for developers registered as offshore.

• Mashreq raises $500mn loan8 August 2007

  Mashreq bank successfully raises $500mn from international bank syndicate, despite credit market slump.

• Banks get on escrow bandwagon2 August 2007

  Three leading banks launch escrow accounts following amendments to Dubai's property law.

• US$125m Russia loan2 June 2007

  Mashreq, Emirates Bank and Fortis Bank have arranged a US$125m syndicated loan facility for one of Russia's leading private sector banks, JSCB Promsvyazbank.

• Mashreqbank to branch out in Egypt30 May 2007

  The Dubai lender has won approval to open Egypt branches; denies Alwatany takeover reports.

• Mashreqbank denies Alwatany bid speculation29 May 2007

  Dubai lender says it is not considering bidding for Egypt's Alwatany Bank.

• Mashreqbank, NBK compete for Egypt stake28 May 2007

  The two GCC banks are part of five lenders vying for a share of Egypt's Alwatany.

• Mashreqbank on course for 30% profit growth14 May 2007

  Dubai's third-largest lender says it is 'not to be distracted by IPOs'.

• Dubai's Mashreqbank Q1 profit rises30 April 2007

  Net income in the three months to March 31 rose 30% to $121.2m.

• Finance for Burj interiors agreed25 April 2007

  Depa Interiors has signed a $117m finance deal for work at the world's tallest tower.

• Revealed: Gulf's most admired companies14 April 2007

  Arabian Business has published its '50 Most Admired' list of regional companies.

• Mashreqbank eyes Mideast acquisitions22 March 2007

  The UAE lender is looking to expand its operations in Arab countries.

• First bank account for Emirati students15 March 2007

  Mashreqbank is ‘investing in today’s youth’ as it announces bank accounts for emirati students.

• Phishing attacks now homegrown3 December 2006

  Arabic speakers being used to target region, experts warn

• Mashreq Capital1 December 2006