Mashreq may move jobs to India, Egypt, or Pakistan to save costs

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Mashreq Bank plans to move nearly half of its employees to more cost-friendly locations

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2021 UAE banking sector outlook stable despite asset quality pressures.

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As we are heading towards the end of a whirlwind year,

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How profitable were the UAE’s top banks?

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Combined net profits of 18 banks listed on the UAE’s financial markets rose to $6.67bn in the first half of 2019 The combined net profits of 18 national banks...

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UAE, Saudi banks to benefit from rising interest rates

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Low cost deposits, floating rate loans to improve loan yields. Dubai: Banks in the UAE and Saudi Arabia are expected to benefit from the rising interest rates after the...

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UAE VAT rate remains unchanged after Saudi hikes it to 15 %

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In a recent move, Saudi Arabia announced a threefold hike in the VAT raising it from 5% to 15% from July 1, 2020. In addition to this the kingdom...

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