Middle East's Best Banks
LATEST ARTICLES
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UAE-based Mashreq Bank has a good future claim for the overall award for best bank in the Middle East – but that accolade will have to wait.
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There is no doubting HSBC’s strong foundations in the Middle East. The bank has been on the ground in the region for 131 years. It has offices and branches in countries including the UAE, Saudi Arabia, Algeria and Egypt.
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There is no doubting HSBC’s strong foundations in the Middle East. The bank has been on the ground in the region for 131 years. It has offices and branches in countries including the UAE, Saudi Arabia, Algeria and Egypt.
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There is little that First Abu Dhabi Bank does not get right. The UAE is a driver of growth and of lending – not just in the Middle East, but in Asia and beyond. It is often the first port of call for Asian corporates in search of fresh capital, a place from which to do business, or assets to acquire.
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There is little that First Abu Dhabi Bank does not get right. The UAE is a driver of growth and of lending – not just in the Middle East, but in Asia and beyond. It is often the first port of call for Asian corporates in search of fresh capital, a place from which to do business, or assets to acquire.
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In recent years, Emirates NBD has evolved into the outward-looking full-service lender that Dubai – an outward-looking city with global aspirations of its own – needs.
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Asia’s importance in global trade, helped by China’s ideas, innovation and growth and allied to the Middle East’s drive to improve living standards and diversify should profit every regional bank.
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These days, most Middle East lenders boast some kind of Asia connection. It may be a simple one, based on links with correspondent banks in important markets. Others boast more sophisticated networks, using offices in the likes of Hong Kong or Singapore to support local firms operating across the continent.