Mashreq named best bank in UAE

Abdul Aziz Al Ghurair. (SUPPLIED)

Leading UAE bank Mashreq was named "Best Bank in the UAE" and GulfMerger, a financial and investment advisory firm, was named the "Best Merger & Acquisition House in Kuwait" 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 "QFC Euromoney Award for Outstanding Contribution to Financial Services in the Middle East" for his work in promoting the UAE banking industry.

Simon Brady, Euromoney magazine CEO, said: "Euromoney was impressed by the growth evident in all aspects of Mashreq's business – it has one of the strongest consumer franchises in the UAE. Mashreq was selected as this year's best UAE bank, based on key criteria such as transaction volume, market share, customer service, competitive pricing and innovative technologies."

Al Ghurair said: "The award for Best Bank in the UAE is a tremendous achievement."