Mashreq’s entry into Oman comes amid growing demand for financial solutions aligned with regional and global market trends
Mashreq Bank
Latest in Mashreq Bank
digital payments
Mashreq finalises $385mn sale of majority stake in NEOPAY
The UAE company retains a significant minority stake in the business after the sale to Arcapita Group and DgPays
Brand View
Mashreq’s digital journey: Leading the mobile banking revolution in the Middle East
Leveraging its strong digital presence in the UAE, Mashreq is now scaling its retail digital offerings to global markets
Landmark Group
Mashreq, Landmark Retail sign Qatar’s first private sustainability-linked loan
The partnership will contribute to Mashreq’s commitment to facilitate $30 billion of sustainable finance by 2030
Arcapita Group Holdings
Mashreq sells majority stake in NEOPAY for $385 million
Consortium of Arcapita and Dgpays acquires the stake in UAE’s fast-growing payment solutions provider
Al Marjan Island
Dubai Metro station renamed; 3 schools closed; 100 inspiring leaders; Real estate trends explained; Oman jobs update – 10 things you missed this week
Dubai school closure, Metro rebranding, inspirational business leaders, real estate analysis and more top news stories this week
Dubai Metro
Major Dubai Metro station renamed for next 10 years
Dubai’s Mashreq Metro Station will be renamed to InsuranceMarket.ae after 10-year deal announced
Mashreq Bank
Mashreq looks to global expansion with Oracle support
Mashreq extends relationship with Oracle Financial Services
ESG
Mashreq partners with UAE fintech Fils to launch carbon offsetting services for corporate clients
The agreement represents the first step in Mashreq’s development of specialised carbon-offsetting financial products
Ahmed Abdelaal
Mashreq takes centre stage in ESG commitments with Climb2Change initiative
Designed as a global initiative, combining Mashreq’s ESG and sustainable financing expertise with the bank’s extensive initiatives and impactful contributions to shaping a sustainable future and will promote recycling, waste reduction, and environmental conservation efforts along with high-profile mountain clean-ups
financial results
UAE banking major Mashreq reports record-breaking 122% jump in net profit in 9 months of 2023
It also reported a 73% increase in its operating profit during the period to AED5.6 billion from AED3.2 billion in 9 months of 2022
Mashreq Bank
Mashreq Bank funds $15.5bn of sustainable developments
Mashreq supports UAE sustainability goals with $15.5bn of funding deals
Ahmed Abdelaal
Ahmed Abdelaal – the powerhouse pushing Mashreq’s revolutionary digital mission
From MashreqNEO to MashreqNXT, the digital future of Mashreq is here to stay and is here to help its customers life their very best, most active lives
digital banking
Dubai’s Mashreq Bank to begin digital banking in Pakistan
The new initiative is with aim to support the country’s digital landscape and financial inclusion
banking business
UAE banking major Mashreq posts AED2.6 billion net profit in Jan-Sept 2022
The bank’s operating income in the period increased by 24.3 percent to AED5.3 billion over the same year-ago period, driven mainly by a spike in net interest income
Central Bank of the UAE
UAE banks meet to discuss stronger compliance, removal from FATF grey list
Aside from discussing specific FATF guidelines, participants of the two-day event also talked about dealing with “emerging financial challenges”
BNPL
UAE-based Cashew hits market raising over $70 million, among the largest by a BNPL startup in the country
The venture is already in negotiations with a couple of family offices in Saudi Arabia and venture capital (VC) firms in the US and Singapore for the proposed fundraising