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
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
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
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.
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.
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
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
Mashreq, Dubai's third-biggest bank by assets, has posted a 13.2 per cent rise in first-quarter net profit as an increase in income from lending helped to offset a slight dip in returns from fees.
It is the second bank in the
HSBC was named the best investment bank in the Middle East for 2015 by Global Finance magazine in its 16th annual World’s Best Investment Banks survey.
The survey lists the best investment banks by country, region and sector
Mashreq, the third-biggest lender by assets in Dubai, UAE, has invited bids for the construction of its new head office in the Downtown Dubai area of the emirate, said a report.
The Mashreq move to relocate its corporate he