DIFC and Mashreq Bank sign agreement

Dubai-headquartered Mashreq Bank has signed an MoU with the Dubai International Financial Centre (DIFC), enabling the bank to operate escrow accounts in the jurisdiction. Mashreq, which was founded as Oman Bank in 1967, is the oldest privately owned bank in the UAE, and was the first to issue credit cards in the country.The DIFC agreement means that Mashreq Bank is registered to provide services to owners' association companies. The agreement was signed by Zain Qureshi, managing director and head of Real Estate Finance and Advisory at Mashreq Bank and Jaber Al Suwaidi, senior vice pre...