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Mashreq and Mizuho celebrate 10 years

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The new entity was formed with the aim of facilitating and making business dealings easier between UAE and Japan.

Published: Wed 19 Feb 2014, 11:28 AM

Updated: Fri 3 Apr 2015, 5:08 PM

Mashreq, a leading financial institution in the UAE and Mizuho Corporate Bank (MHCB) of Japan have celebrated a decade of a strategic partnership that saw the formation of the Mizuho-Mashreq Japan Desk to support Japanese business in the Middle East.

The new entity was formed with the aim of facilitating and making business dealings easier between UAE and Japan, which is currently valued at Dh35.7 billion. Japanese brands from electronics to engineering goods to automobiles are synonymous throughout the UAE.

The Japan Desk partnership provides working capital, primarily in the form of trade finance, to Japanese corporations.



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