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Dentons advises Mashreqbank on $88m Liwa facilityTop law firm Dentons advised Mashreqbank on the coordination of $88 million club contracting finance facilities for the engineering, procurement and construction of a petrochemical production facility in Fahud and Sohar in Oman (Liwa). More… |
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Dentons advises Mashreqbank on $88m Liwa facilityTop law firm Dentons advised Mashreqbank on the coordination of $88 million club contracting finance facilities for the engineering, procurement and construction of a petrochemical production facility in Fahud and Sohar in Oman (Liwa). More… |
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Mashreqbank increases EMTN limit to $5bnMashreqbank, Dubai's largest lender by market value, approved the increase of the limit of its euro medium term note (EMTN) programme to $5 billion from $2 billion, a statement on the bourse website said on Monday. The decision is subj More… |
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Capital downgrades MashreqBank ratingCapital Intelligence (CI), the international credit rating agency, has reduced the foreign currency long-term rating and the financial strength rating of MashreqBank from A+ to A-. The move comes in view of the increase in non-performing l More… |
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Moody's puts 4 Dubai banks on reviewMoody's said it placed four Dubai banks on review for possible ratings downgrade, due to rising challenges facing the sector, mainly triggered by the emirate's stressed property market and an economic slowdown. The four affected banks are More… |
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Mashreqbank Q2 net profit falls 38pcMashreqbank on Wednesday reported a 38-per cent drop in quarterly net profit, citing increased provisions against bad loans. Mashreqbank, the largest lender by market value in Dubai, said net profit fell to Dh435 million ($118.4 million) f More… |
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Mashreqbank plans 30 branches in EgyptMashreqbank, Dubai's second-largest lender by market value, plans to open 30 branches in Egypt over the next three years, a report said. "We will open 30 branches in Egypt during the first three years," Mashreqbank chief executive Abdul-Az More… |
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Mashreq may bid for Banque du CaireUAE-based Mashreqbank is considering bidding for Egypt's state-owned Banque du Caire, a report said. The move is seen as part of the bank's plans to expand in the most populous Arab country, Egypt's daily Al Alam Al Youm reported. More… |
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Mashreqbank to open branches in EgyptMashreqbank, Dubai's third-largest lender by market value, said on Wednesday it got central bank approval to open branches in Egypt. However, it ruled out bid interest in Alwatany Bank of Egypt. "We have approval from the Egyptian More… |
