Latest news with #Mashreq
Arabian Business
2 days ago
- Business
- Arabian Business
UAE's Mashreq inaugurates a representative office in Turkiye
UAE's Mashreq Bank has expanded its global footprint by opening of a representative office in Turkiye. The Dubai-headquartered company has had a long relationship with Turkish financial institutions and corporates. It is one of the largest and most active correspondent banks operating in the country and has played a vital role in channeling risk capacity and capital flows. Mashreq is also a leading Bookrunner on key bond transactions by Turkish borrowers, including capital issuances for prominent Turkish banks and facilitated access for them to global capital markets. Mashreq inaugurates Turkiye office The representative office in Turkiye marks Mashreq's operational presence in 15 countries globally. Ahmed Abdelaal, Group Chief Executive Officer at Mashreq, commented: 'Our expansion into Turkiye reflects Mashreq's ongoing commitment to building a truly global banking network that connects key economic corridors. 'Turkiye's strategic location, dynamic economy, and strong trade and investment ties with the UAE present significant opportunities for collaboration. This strategic milestone strengthens our ability to support clients in the country and the broader region with world-class financial solutions, while advancing our vision for sustainable and diversified growth.' Joel Van Dusen, Group Head of Corporate and Investment Banking at Mashreq, added: 'Establishing a representative office in Turkiye reinforces our commitment to supporting a wide spectrum of clients in one of the region's most dynamic and strategically important markets. 'This on-the-ground presence enables us to deliver more responsive, tailored solutions across trade finance, capital markets, and treasury services. Leveraging Mashreq's digital-first infrastructure and global expertise, we are well-positioned to facilitate cross-border trade, enhance capital access, and contribute meaningfully to Turkiye's financial ecosystem.' Turkiye ranks among the top three manufacturing hubs in Europe and plays a critical role in regional supply chains. Bilateral trade volumes with the UAE exceeding US$20 billion in 2024, and is expected to double to US$40 billion by 2031 following the signing of Comprehensive Economic Partnership Agreement (CEPA) between the two countries in 2023.
Fintech News ME
2 days ago
- Business
- Fintech News ME
Mashreq Opens Türkiye Office to Deepen Regional Financial Links
Mashreq has opened a representative office in Türkiye, signalling a continued commitment to supporting Turkish financial institutions and corporates. As one of the most active correspondent banks operating in the country, Mashreq has facilitated risk capacity and capital flows to Turkish banks and businesses. The bank has also served as a lead bookrunner for major bond issuances by Turkish borrowers, including capital-raising efforts by well-established local banks. This involvement has reinforced Mashreq's role in improving access to international capital markets and deepening financial links between Türkiye and global partners. The establishment of the new office follows increased collaboration with Turkish institutions in areas such as syndicated lending, trade finance, payments, treasury services, and capital markets. The move forms part of Mashreq's broader regional expansion strategy and adds to its growing global footprint. Ahmed Abdelaal, Group Chief Executive Officer at Mashreq, said: 'Türkiye's strategic location, dynamic economy, and strong trade and investment ties with the UAE present significant opportunities for collaboration. This strategic milestone strengthens our ability to support clients in Türkiye and the broader region with world-class financial solutions, while advancing our vision for sustainable and diversified growth.' Economic ties between the UAE and Türkiye have strengthened in recent years, with bilateral trade surpassing US$20 billion in 2024. The Comprehensive Economic Partnership Agreement, signed in 2023, is expected to further drive non-oil trade, which is targeted to reach US$40 billion by 2031. Türkiye remains one of Europe's key manufacturing hubs and plays a central role in regional supply chains. With this latest addition, Mashreq now maintains a presence in 15 countries globally.
Arabian Post
3 days ago
- Business
- Arabian Post
UAE's Mashreq Bank Launches Office in Türkiye to Boost Capital Flow
Mashreq Bank has inaugurated a representative office in Türkiye, marking a significant stride toward enhancing financial collaboration between the Gulf and Turkish markets. This strategic move is central to Mashreq's initiative to channel risk capacity and capital flows directly to Turkish banks and corporates. Dubai's Mashreq is already a familiar correspondent to Turkish financial institutions, actively participating in syndicated loans, trade finance, payments, treasury services and capital markets. Now, with its local presence in Istanbul, the bank aims to deepen engagement, offering on-the-ground support to clients and bolstering access to global capital markets. Group Chief Executive Officer Ahmed Abdelaal underscored the office opening as a step into 'Türkiye's strategic location, dynamic economy, and strong trade and investment ties with the UAE'. He emphasised that the expansion was aligned with Mashreq's vision of building 'a truly global banking network that connects key economic corridors.' ADVERTISEMENT Mashreq has already established itself as a leading bookrunner for Turkish borrowers, playing a key role in structuring bond issuances for prominent Turkish banks. This activity highlights the bank's significance in supporting capital raising on behalf of Turkish clients. Operating across 14 countries and regulated by the Central Bank of the UAE, Mashreq has demonstrated robust international growth. Its footprint spans the Middle East, South Asia, and key financial centres including New York, London and Hong Kong. The new Türkiye office is part of this wider expansion, underscoring a concerted push toward strengthening global capital market presence. The financial landscape in Türkiye has evolved in the past decade, with local banks seeking international partnerships to diversify funding sources. Inflationary pressures, high interest rates and currency volatility have made access to foreign capital especially valuable. By providing a direct conduit to Gulf and global investors, Mashreq's İstanbul office could become a gateway for Turkish entities to tap into new liquidity pools. Analysts point out that Gulf-based banks are particularly well-positioned to support emerging markets such as Türkiye thanks to their large capital buffers, risk appetite and regional proximity. 'Regional banks play a pivotal role in bridging the funding gap for emerging economies,' according to Mohammed Al Hashmi, a senior analyst at Gulf Financial Insights. He added that embedding operations within local financial ecosystems helps to facilitate quicker decision-making and improve transaction efficiency. Mashreq's strategy reflects a broader trend among UAE banks to transfer capital into regional markets experiencing structural growth and occasional market stress. Earlier this year, Mashreq was lauded as the Middle East's fastest-growing banking brand and received recognition as the Best Digital Bank five years running, achievements which underscore its strong balance sheet and technological edge. ADVERTISEMENT Since its establishment, the Istanbul office has already been involved in several mandates. Mashreq served as a lead manager for corporate bond issuances and leveraged its syndication capabilities to support Turkish banks' funding and expansion programmes. Further mandates are reportedly in the pipeline, including debt structuring and trade-finance support for mid-market Turkish corporates seeking international reach. The timing is opportune, with global investors eyeing Turkish assets amid a shift in interest rate policies worldwide. Türkiye's policy rate remains elevated, while comparative opportunities in fixed income and FX-linked instruments continue to attract foreign interest, although accompanied by elevated macroeconomic risks. Mashreq's capacity to structure sukuk and conventional bonds, combined with its regional relationships, offers an appealing solution. The bank's international banking wing has steadily increased its footprint. Over the years, it has expanded correspondent banking relationships in jurisdictions such as Oman, Bahrain, Qatar, Kuwait and India, while diversifying its services to include sustainable and digital financial products. Integration of ESG and digital banking has been a focus, with the bank earning accolades including the Euromoney Trade Finance Award and recognition for its internet and digital banking capabilities. For Turkish corporates, more than ever, the need for cross-border liquidity, international financing platforms and diversified risk capacity is pronounced. Mashreq's local team is expected to fast-track access to structured debt solutions, Islamic finance products and syndication mechanisms tailored to both corporate and financial institutional clients. From a geopolitical standpoint, the expansion reflects the deepening economic linkages between Türkiye and the UAE. Bilateral trade has grown consistently in areas such as energy, infrastructure, railways and tourism. The establishment of the office provides a financial channel to support these sectors, potentially fast-tracking infrastructure project financing, private equity deals and structured transactions. Concerns persist regarding Türkiye's macroeconomic stability, with inflation still above the central bank's comfort zone and currency fluctuations posing challenges. Nevertheless, institutional investors express confidence in strategies that anchor on diversified funding and international partnerships. Mashreq's capital buffer and experience in risk transfer could help Turkish entities manage idiosyncratic volatility. The representative office comes at a time when regional banks are competing to become preferred partners for emerging markets. Mashreq hopes its established digital platforms, seasoned capital markets team and deep experience with Islamic finance will distinguish it among competitors. In Türkiye's competitive banking sector, this onshore presence could tilt selection in its favour for mandates spanning debt, treasury, trade and sustainability-linked products. As the İstanbul office scales operations, the bank intends to recruit local talent, enhance its underwriting capabilities and explore collaborations with Turkish banks in areas such as fintech, cash management solutions and ESG financing.
Al Bawaba
3 days ago
- Business
- Al Bawaba
Mashreq Expands Global Footprint with Opening of Representative Office in Türkiye
Mashreq, one of the leading financial institutions in the MENA region, has announced the opening of its representative office in Türkiye, reinforcing its long-standing commitment to supporting Turkish financial institutions and one of the largest and most active correspondent banks operating in Türkiye, Mashreq has played a vital role in channeling risk capacity and capital flows to Turkish banks and corporates. Mashreq is also a leading Bookrunner on key bond transactions by Turkish borrowers, including capital issuances for prominent Turkish banks. These efforts underscore Mashreq's position as a strategic financial partner, facilitating access to global capital markets and strengthening the financial connectivity between Türkiye and its global partners. The establishment of the Türkiye office follows a period of accelerated engagement between Mashreq and leading Turkish institutions across syndicated loans, trade finance, payments, treasury services, and capital markets. This expansion also aligns with the bank's regional growth strategy and complements its expanding global Abdelaal, Group Chief Executive Officer at Mashreq, said: "Our expansion into Türkiye reflects Mashreq's ongoing commitment to building a truly global banking network that connects key economic corridors. Türkiye's strategic location, dynamic economy, and strong trade and investment ties with the UAE present significant opportunities for collaboration. This strategic milestone strengthens our ability to support clients in Türkiye and the broader region with world-class financial solutions, while advancing our vision for sustainable and diversified growth."The UAE and Türkiye are major economic partners, with bilateral trade volumes exceeding US$20 billion in 2024. Under the recently signed Comprehensive Economic Partnership Agreement signed in 2023, non-oil trade is projected to grow significantly, aiming to reach US$40 billion by 2031. Türkiye also ranks among the top three manufacturing hubs in Europe and plays a critical role in regional supply chains. Joel Van Dusen, Group Head of Corporate and Investment Banking at Mashreq, said: "Establishing a representative office in Türkiye reinforces our commitment to supporting a wide spectrum of clients in one of the region's most dynamic and strategically important markets. This on-the-ground presence enables us to deliver more responsive, tailored solutions across trade finance, capital markets, and treasury services. Leveraging Mashreq's digital-first infrastructure and global expertise, we are well-positioned to facilitate cross-border trade, enhance capital access, and contribute meaningfully to Türkiye's financial ecosystem." The Türkiye Representative Office marks another milestone in Mashreq's international journey, expanding the bank's operational presence to 15 countries globally.
Yahoo
3 days ago
- Business
- Yahoo
Mashreq Expands Global Footprint with Opening of Representative Office in Türkiye
With the new office, Mashreq now operates in 15 countries DUBAI, UAE, June 25, 2025 /PRNewswire/ -- Mashreq, one of the leading financial institutions in the MENA region, has announced the opening of its representative office in Türkiye, reinforcing its long-standing commitment to supporting Turkish financial institutions and corporates. As one of the largest and most active correspondent banks operating in Türkiye, Mashreq has played a vital role in channeling risk capacity and capital flows to Turkish banks and corporates. Mashreq is also a leading Bookrunner on key bond transactions by Turkish borrowers, including capital issuances for prominent Turkish banks. These efforts underscore Mashreq's position as a strategic financial partner, facilitating access to global capital markets and strengthening the financial connectivity between Türkiye and its global partners. The establishment of the Türkiye office follows a period of accelerated engagement between Mashreq and leading Turkish institutions across syndicated loans, trade finance, payments, treasury services, and capital markets. This expansion also aligns with the bank's regional growth strategy and complements its expanding global presence. Ahmed Abdelaal, Group Chief Executive Officer at Mashreq, said: "Our expansion into Türkiye reflects Mashreq's ongoing commitment to building a truly global banking network that connects key economic corridors. Türkiye's strategic location, dynamic economy, and strong trade and investment ties with the UAE present significant opportunities for collaboration. This strategic milestone strengthens our ability to support clients in Türkiye and the broader region with world-class financial solutions, while advancing our vision for sustainable and diversified growth." The UAE and Türkiye are major economic partners, with bilateral trade volumes exceeding US$20 billion in 2024. Under the recently signed Comprehensive Economic Partnership Agreement signed in 2023, non-oil trade is projected to grow significantly, aiming to reach US$40 billion by 2031. Türkiye also ranks among the top three manufacturing hubs in Europe and plays a critical role in regional supply chains. Joel Van Dusen, Group Head of Corporate and Investment Banking at Mashreq, said: "Establishing a representative office in Türkiye reinforces our commitment to supporting a wide spectrum of clients in one of the region's most dynamic and strategically important markets. This on-the-ground presence enables us to deliver more responsive, tailored solutions across trade finance, capital markets, and treasury services. Leveraging Mashreq's digital-first infrastructure and global expertise, we are well-positioned to facilitate cross-border trade, enhance capital access, and contribute meaningfully to Türkiye's financial ecosystem." The Türkiye Representative Office marks another milestone in Mashreq's international journey, expanding the bank's operational presence to 15 countries globally. About Mashreq: Mashreq is more than half a century old, yet proudly thinks like a challenger, startup, and innovator. Mashreq has pioneered key innovations and developments in banking, starting with entry-level digital-first customers all the way to powering some of the region's most prominent corporations and wealth accounts. The bank's mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them achieve their goals and unlock their vision of success. Reassuringly present in major financial centres of the world, Mashreq's home and global HQ remains in the Middle East, offering services whenever and wherever opportunity takes its customers. Mashreq has been recognized as the fastest-growing Middle East brand, by Banking 500 rankings for 2024 by Brand Finance. Find your way to Rise Every Day at: Photo: View original content to download multimedia: SOURCE Mashreq
