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BANKING

United Arab Emirates

Bahrain I Egypt I Iran I Israel I Jordan I Kuwait I Lebanon I Morocco I Oman I Qatar I Saudi Arabia I United Arab Emirates I Lifetime Achievement

BEST BANK: Mashreqbank
BEST DEBT HOUSE: Dubai Islamic Bank
BEST EQUITY HOUSE: The National Investor

Competition in the UAE is among the toughest in the region and getting the decisions right, particularly in the retail market, is, as many banks have found, far from easy.

Mashreqbank wins the award for the best bank in the UAE for the range and quality of its activities, its geographical scope (it is one of the few to have a real presence in every emirate) and its ability to grow while minimizing risk.

Indeed the risk assessment agencies have praised the bank’s risk management, which they say is highly sophisticated and efficient. The bank has also continued to be innovative in the past year, launching the region’s first platinum credit card – it is also internationally respected for having one of the best credit card loyalty and reward programmes in the world.

The bank’s commercial operation is also widely respected and it participated in the financing of many of the major infrastructure projects.

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