New York financial regulators on Tuesday hit Dubai’s Mashreqbank with a $100 million fine due to transactions with Sudan that violated US sanctions, …
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Mashreq Bank reaches deal with US authorities, will pay $100m penalty
Dubai: Mashreq Bank has reached a settlement with authorities in the US over dollar-related transactions that ‘primarily took place a decade ago’. As per this deal, Mashreq will pay a penalty of $100 …
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Jobs in UAE: Bank hiring sales officers, salary up to Dh5,000
Walk-in-interviews to recruit sales officers for credit cards for a leading UAE bank will take place in Dubai next week. The selected candidates will be offered a salary up to Dh5,000 plus other …
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UAE’s Mashreq posts 24.7% dip in net profit for first nine months of 2021
UAE lender Mashreq has reported a net profit of Dhs265m for the first nine months of the year, marking a dip of 24.7 per cent compared to Dhs352m recorded a year earlier. Its operating income …
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U.S. Treasury Department says UAE bank Mashreqbank violated Sudan sanctions
The U.S. Department of Treasury said on Tuesday that United Arab Emirates bank Mashreqbank PSC had violated sanctions against doing business with Sudan.
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HRH Crown Prince and Prime Minister’s fruitful outcomes of UAE visit praised by Finance Minister
The minister made the statements as he participated in the official delegation that had accompanied His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, during …
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Standard Chartered launches the UAE’s first Sustainable Account
Standard Chartered announced today the launch of the UAE’s first Sustainable Account (SA). This new product, offered to …
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Mashreq Bank Hit With $100 Million N.Y. Fine Over Sudan Violations
Mashreqbank PSC, Dubai’s third-biggest bank, will pay $100 million to settle allegations that it violated U.S. sanctions by illegally processing more $4 billion of payments tied to Sudan, a New York …
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UAE Logistics Market is Expected to generate over USD 30 Billion by 2025: Ken Research Analysis
UAE transport infrastructure investments has crossed AED100 Billion between 2006-2018. The investments focused on development of rail network, expansion of airports and sea ports, technologically …
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Boeing 777X Arrives in Dubai for 2021 Dubai Airshow
BA] 777X arrived at Dubai World Central at 14:02 p.m. (GST) today, ahead of the upcoming Dubai Airshow. The airplane will be on static display and featured in the show’s flying program starting …
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China’s Jinsha Holding Group to invest $2bn in UAE
China’s Jinsha Holding Group will make strategic investments in the UAE worth AED7.2 billion ($2 billion) by 2022 in several sectors, including blockchain technology, finance, Internet, entertainment, …
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ESG in the UAE – a work in progress
IA spoke to RL360, Brooks Macdonald International, LGT Vestra, Continental Group and Praemium after only 26% of advisers in the region said the investment strategy is ‘absolutely’ important to their c …
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Standard Chartered starts UAE’s first sustainable bank account
Standard Chartered has started its sustainable bank account in the UAE for large corporates. The bank said deposits in the accounts are used to fund sustainable projects based on Standard Chartered’s …
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New RT-PCR test centre opens in GDRFA-Dubai, results will be available within 24 hours
Dh280 for results within eight hours; Dh100 for results within 24 hours Dubai: A new 24-hour RT-PCR test centre, capable of catering to 1,000 visitors daily, was inaugurated at the campus of t (GDRFA) …
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UAE’s Dana Gas hikes dividend by 27% as sees more benefits from high crude oil prices
Oil is at $83 a barrel and could inch higher after hitting record lows last year Dubai: Dana Gas said it would increase its annual dividend by 27 per cent amid a surge in crude prices that is …
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Sharjah Ruler stops bank from auctioning citizen’s house
His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah has ordered a bank to stop auctioning a house owned by a UAE national. The bank planned to auction the …
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The startup fighting for open finance in Mena
Mirna Sleiman is on a mission to revolutionise the Middle East’s banking and financial sector. Having spent more than eight …
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