Mashreq Bank PSC (MASQ)

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News

5 November 2014 00:45 PM TECOM Investments eyes $1.1bn loan

TECOM Investments is said to have assigned several banks to arrange a syndicated loan for it, Arabian Business reported, quoting two banking sources as saying.The loan amounts to AED four billion ($1.1 billion), the …

Company News

30 October 2014 03:50 PM Moody’s values Mashreq-London Branch CDs at P-2 on short term

Moody's Investors Service has assigned a provisional (P)Prime-2 short-term rating to the $1 billion Certificates of Deposit (CD) programme issued and managed by the London Branch of MashreqBank, a branch of MashreqBank. Moody's has …

Ratings

28 October 2014 11:43 AM Mashreq Bank profit surges to AED 1.8bn

Mashreq Bank announced its financials for the nine-month period ending September 30, 2014, in its statement to the Dubai Financial Market (DFM). The Bank reported a net profit of AED 1.8 billion against AED 1.3 billion during the same …

Financial Results

29 September 2014 05:06 PM Emaar Malls’ IPO oversubscription to be returned October 1

Informed sources have stated that oversubscriptions from Emaar Malls’ initial public offering (IPO) will be returned to customers’ accounts on October 1, one day prior to Emaar Malls’ listing on the Dubai Financial Market (DFM), Al …

Initial Public Offerings

26 September 2014 11:18 AM Mashreq offers instant 0% easy payment plans during GITEX Shopper 2014

Mashreq, the UAE’s leading financial institution, announced exclusive offers for its cardholders during Gitex Shopper 2014. Mashreq cardholders will enjoy attractive benefits and offers instantly at the largest and most influential …

Corporate Actions

24 September 2014 10:17 AM Mashreq bank names new head for Bahrain unit

UAE-based financial institution Mashreq has announced the appointment of Vivek Uberoi as the new country head of Mashreq Bank Bahrain.Mr Uberoi has more than 20 years experience in the banking and financial sector, and has held various …

Company News

23 September 2014 00:04 PM DFM holds int’l investor roadshow in New York in collaboration with Bank of America Merrill lynch

Dubai Financial Market (DFM) is holding its second International Roadshow of 2014 on Monday 13th and Tuesday 14th of October in New York with co-sponsorship from the Bank of America Merrill Lynch (BAML), following the …

Market News

18 September 2014 09:58 AM Mashreq Bank not interested in Standard Chartered’s assets

Mashreq Bank is not interested in purchasing assets from Standard Chartered Bank in the UAE, Mashreq’s CEO Abdul Aziz Al Ghurair said, according to Reuters. However, the bank is open to acquisitions in Egypt and Turkey.According to …

Banking and Finance

5 September 2014 10:20 AM Fitch affirms ratings of eight UAE banks, upgrades Al Hilal

Fitch has upgraded Al Hilal Bank and affirmed eight other banks and one non-bank financial institution rating, according to Emirates 24/7.The international rating agency said it had upgraded Al Hilal Bank's (AHB) Viability Rating (VR) and …

Ratings