Mashreq named Market Leader for best-in-class transactional banking services in the UAE….

April 2, 2022 uaenews247 Leave a comment

Mashreq named Market Leader for best-in-class transactional banking services in the UAE and Middle East as voted for by customers in latest Euromoney survey

Second successive year that Mashreq has taken the top spot in the annual Euromoney Trade Finance Survey

Mashreq also ranked number one for service in Africa, Pakistan and Qatar

Dubai, United Arab Emirates, 31 March 2022: Mashreq Bank, one of the leading financial institutions in the UAE, has been recognized as a Market Leader for its best-in-class transactional banking services, as voted for by its customers in the 2022 Euromoney Trade Finance Survey, for the second year in succession.

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Business & Investments

Mashreq Names New Group Head of Technology, Transformation and Information

April 2, 2022 uaenews247 Leave a comment

Mashreq Names New Group Head of Technology, Transformation and Information

Dubai, UAE, April 01, 2022: Mashreq Bank, one of the leading financial institutions in the United Arab Emirates, has appointed Alexander Raiff as its new Group Head of Technology, Transformation and Information, starting on 1^st April 2022.

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Real Estate

Summary of weekly real estate transactions for the week ending 01 April 2022.

April 2, 2022 uaenews247 Leave a comment

Dubai: The real estate and properties transactions valued at 8.2 billion in total during the week ending 01 April 2022. The sum of transactions was 2,135. 247 plots were sold for AED 1.45 billion, 1,423 apartments and villas were sold for AED 3.09 billion. The top three transactions were a land in Palm Jumeirah sold for AED 280 million, followed by a land that was sold for AED 30.67 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for AED 280 million in Palm Jumeirah in third place. Al Hebiah Fifth recorded the most transactions for this week by 121 sales transactions worth AED 265.54 million, followed by Al Merkadh with 29 sales transactions worth AED 262.46 million, and Hadaeq Sheikh Mohammed Bin Rashid with 15 sales transactions worth AED 225 million in third place. The top three transfers for apartments and villas were an apartment was sold for AED 441 million in Marsa Dubai, an apartment was second in the list sold for AED 306 million in Burj Khalifa, and thirdly it was an apartment sold for AED 276 million in Business Bay. The sum of the amount of mortgaged properties for the week was 3.38 billion, with the highest being a land in Nad Al Shiba First, mortgaged for AED 1 billion. 79 properties were granted between first-degree relatives worth AED 290 million. END

Featured

Sharjah Book Authority hosts elite Emirati and Arab intellectuals at Algiers International Book Fair

April 2, 2022 uaenews247 Leave a comment

Sharjah Book Authority hosts elite Emirati and Arab intellectuals
at Algiers International Book Fair

Engaging discussion panels and poetry readings organised as part of SBA’s participation at the book fair

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Business & Investments

Al Ansari Exchange records a 185% growth in foreign currency exchange transactions

April 2, 2022 uaenews247 Leave a comment

Al Ansari Exchange records a 185% growth in foreign currency exchange transactions in the past 6 months accelerated by Dubai Expo 2020

UAE – April 2, 2022: – Al Ansari Exchange recorded a 185% growth in foreign currency exchange transactions of non-residents during the six-month hosting period of Dubai Expo 2020 compared to the same period the year before and a 66% growth compared to the pre-pandemic period (October 2019 to March 2020). The top currencies to witness an increase in foreign exchange transactions during Dubai Expo 2020 were the US Dollar, Euro, British Pound, Saudi Riyal and Indian Rupee.

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