Leading UAE bank Mashreq was named â€œBest Bank in the UAEâ€ and GulfMerger, a financial and investment advisory firm, was named the â€œBest Merger & Acquisition House in Kuwaitâ€ at the Euromoney Awards for Excellence Middle East.
Mashreq won the award for the fourth time in the last 16 years.
Mashreq CEO Abdul Aziz Al Ghurair was given the â€œQFC Euromoney Award for Outstanding Contribution to Financial Services in the Middle Eastâ€ for his work in promoting the UAE banking industry.
Simon Brady, Euromoney magazine CEO, said: â€œEuromoney was impressed by the growth evident in all aspects of Mashreqâ€™s business â€“ it has one of the strongest consumer franchises in the UAE. Mashreq was selected as this yearâ€™s best UAE bank, based on key criteria such as transaction volume, market share, customer service, competitive pricing and innovative technologies.â€
Al Ghurair said: â€œThe award for Best Bank in the UAE is a tremendous achievement.â€