Tag Archives: Mashreq

Health Care, Sports & Recreations

Landmark Group calls on UAE residents to join the 15th Annual Beat Diabetes Family Event

Landmark Group calls on UAE residents to join the 15th Annual Beat Diabetes Family Event for a day of activities to raise awareness about diabetes

  • Registrations are open for the highly anticipated annual walk and family event, taking place in Za’abeel Park on February 16 between 8AM to 1PM.
  • Under the pillars of “get tested, eat healthy & stay active”, the event will feature a host of activities for kids and adults, along with nutritional advice, free flu vaccines by Emirates Health Services and blood sugar testing by Dubai Health.
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Business & Investments

Mashreq’s 9M 2024 Profit Before Tax Rises 9% YoY to AED 6.5 Billion

Mashreq’s 9M 2024 Profit Before Tax Rises 9% YoY to AED 6.5 Billion, reflecting strong business activity in a healthy business environment

·       Increased operational activities drives revenue growth: Net Interest Income (NII) increased by 13% year-on-year, propelled by sizable balance sheet expansion and sustained healthy client margins. This growth underscores our effective asset-liability management and strategic focus on core lending activities. In addition, non-interest income surged by 21% compared to the previous year, now comprising 30% of the total operating income. This significant contribution reflects our success in diversifying revenue streams through enhanced fee-based services and other non- interest-generating activities.

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Technologies

Mashreq Expands Collaboration with Oracle to Accelerate Global Expansion

 

Leading MENA bank selects Oracle Exadata Cloud@Customer to leverage cloud automation, boost scalability, and comply with local data residency regulations

Dubai, United Arab Emirates and Austin, Texas—October 16, 2024—Mashreq, a leading financial services institution in the MENA region, is migrating critical databases to Exadata Database Service on Oracle Exadata Cloud@Customer as part of an expansion of its global collaboration with Oracle. The shift to a cloud database environment will enable Mashreq to accelerate and scale its operations as the bank grows its presence in key international hubs. These include the United States, United Kingdom, Hong Kong, Oman, and Pakistan.

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Business & Investments

Mashreq Collaboration with Al Etihad Payments Expands Payment Options for Customers in the UAE

Jaywan Cards to be Accepted on All NEOPAY Terminals in UAE

Dubai, UAE, 09 October 2024: Mashreq, one of the leading financial institution in the MENA region, announced it has further expanded payment options for customers across the UAE with acceptance of Jaywan cards on all NEOPAY terminals.

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Business & Investments

MULTIBANK GROUP, MASHREQ PARTNER TO LAUNCH INSTANT PAYMENTS SERVICE

Dubai, UAE – August 2, 2024: MultiBank Group, the largest financial derivatives institution worldwide headquartered in Dubai, announces its strategic partnership with Mashreq to launch the latest technology enabling instant payments service.

This collaboration aligns with MultiBank Group’s dedication to providing advanced, user-friendly financial services and seeks to enhance transactional efficiency and improve operational transparency for a diverse global clientele of over 1 million traders across 90 countries.

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