Mashreq Assist expands to Abu Dhabi

DUBAI — Mashreq, one of the UAE’s leading financial institutions, announced the expansion of its unique debt counselling service ‘Mashreq Assist’, to Abu Dhabi. The move comes from the bank’s commitment to be more accessible and offer convenient banking solutions to all its customers throughout the UAE.

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Published: Mon 17 May 2010, 11:19 PM

Last updated: Mon 6 Apr 2015, 11:08 AM

The service, a first of its kind service in the UAE, offers tailor-made financial solutions to help Mashreq customers ease financial stress and anxieties.

The facility, located within the Al Mushrif branch on Shk Rashid Bin Saeed Al Maktoum St., will provide individuals, SME’s and businesses within the emirate, a friendly, safe and secure location through which they can obtain specialist debt counselling advice regarding their outstanding borrowings and offering restructuring solutions.

First Energy Bank Q1 profits reach $3.96M

MANAMA — First Energy Bank (FEB) announced today a net profit of $ 3.96 million for the first quarter ending on 31st March 2010. FEB also reported a Gross Income of $ 10.32 million, with a total Assets increase to $ 1,242 million. Additionally, the total equity attributable to shareholders rose slightly to $ 1,018 million.

Esam Janahi, Chairman, First Energy Bank, said: “The first quarter’s achievements are considered a solid and positive start to the year, and are testament to the attractive investment opportunities we are continuing to provide to our investors. We have set some strategically important goals for 2010, and we fully expect to achieve these goals and make 2010 into another successful year for the Bank. ”

Pure Gold Q1 sales up at Abu Dhabi Duty Free

DUBAI — Award-winning jewellery retailer Pure Gold Jewellers posted an encouraging 20 per cent sales increase in the first quarter this year compared to last quarter 2009 at the Abu Dhabi International Airport. The increase was based on sales at the three terminals where Abu Dhabi Duty Free operates comparing 2009’s fourth quarter sales with first quarter 2010 results. According to Abu Dhabi Airports Company (ADAC), duty free sales at Abu Dhabi International Airport, increased by 26.1 per cent in the first quarter of 2010 with passenger numbers up by 13.8 per cent, over Q1 2009. —

Emcredit signs MoU with ECIE

DUBAI — Emcredit, Dubai’s official credit information agency, signed a Memorandum of Understanding (MoU) with the Export Credit Insurance Company of the Emirates (ECIE). Under the terms of the agreement, Emcredit’s advanced credit information reporting services will be used in ECIE credit insurance services.

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