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MY'STORY

The MOVE Fire

This is a personal recollection on the Move fire on May 13, 1985 Philadelphia police fired thousands of rounds at the MOVE house, city officials approved dropping an explosive device on the roof, the resulting fire was allowed to burn, 11 people—including five children—died, and 61 homes were destroyed. Philadelphia City Council later called it a “brutal attack carried out by the City of Philadelphia on its own citizens” and acknowledged that no individual faced criminal consequences for the bombing. One timeline correction worth preserving for the BHP record: the major previous MOVE-police confrontation was August 8, 1978, about seven years before the bombing, not a year or two earlier. Officer James Ramp was killed, other police and firefighters were wounded, nine MOVE members were later convicted, and television cameras recorded police beating Delbert Africa during his arrest. The 1985 MOVE Commission later specifically criticized city planners for failing to adequately use lessons from that 1978 confrontation. And that actually strengthens the point you’re making: 1985 did not happen without precedent or institutional memory. There had already been a deadly confrontation with MOVE, years of conflict, negotiations and police involvement before Osage Avenue.

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BLACK FACTS
The Truths They Never Taught You...

Shirley Chisholm — Unbought and Unbossed

In 1968 Shirley Chisholm became the first Black woman elected to the United States Congress. In 1972 she launched a campaign for the Democratic presidential nomination, breaking another political barrier.

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BHP gathered finds from its connected research sources. Showing the 4 strongest Black History matches.
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Wikipedia

Mashreq (bank)

Mashreqbank PSC
FormerlyBank of Oman (1967–1993)
TypePublicly traded
DFM: MASQ
ISINAEM000101014
Industry
Founded1967; 59 years ago (1967) in Dubai
Headquarters,
United Arab Emirates
Key people
Revenue
  • Decrease DH 12.58 billion (2025)
  • Increase DH 13.42 billion (2024)
  • Decrease DH 6.97 billion (2025)
  • Increase DH 9.02 billion (2024)
Total assets
  • Increase DH 334.63 billion (2025)
  • Increase DH 267.45 billion (2024)
Number of employees
6,163 (2024)
ParentAl Ghurair Group
DivisionsTitan Financial Brokers
Websitewww.mashreq.com Edit this at Wikidata
Footnotes
[1] · [2] · [3] · [4]

Mashreq (Arabic: بنك المشرق) is a major Emirati bank, one of the oldest in the country and the second in the Middle East.[5] Established in 1967 as the Bank of Oman, the bank later rebranded as Mashreq and has since expanded its operations across multiple markets.

Services

[edit]

Mashreq provides a range of conventional and Islamic banking services, including personal banking solutions such as deposits, loans[6], and credit cards. The bank also offers corporate and investment banking services, including corporate finance, investment advisory on mergers and acquisitions, initial public offerings (IPOs), and underwriting.[7][8]

Additionally, Mashreq delivers wealth and asset management services, catering to both institutional and individual clients.[9]

Through its digital banking platform, Mashreq NEO, the bank provides UAE and Egypt residents with a suite of online banking services. The Mashreq NEO app offers functionalities such as account transactions, bill payments, reward tracking, and financial news updates.[10]

Global presence

[edit]

Mashreq operates in 14 countries, employing over 6,000 professionals from 70 nationalities. The bank has corporate banking operations in Oman, Bahrain, Qatar, Kuwait, and India, and provides corporate and retail banking services in Egypt. It has also obtained a restricted license from the State Bank of Pakistan to pilot digital retail banking operations. Additionally, Mashreq is involved in foreign exchange businesses in Bangladesh, Pakistan, and Nepal. Outside the Middle East and South Asia, Mashreq maintains full-service branches in New York, London, and Hong Kong.[11]

Recognitions

[edit]

In 2024, Brand Finance ranked Mashreq as the fastest-growing banking brand in the Middle East in its Banking 500 rankings. The bank was also named the Middle East's Best Digital Bank for the fifth consecutive year at the Euromoney Awards for Excellence. Additionally, The Banker's Top 1000 Global Bank Ratings recognized Mashreq as the Best Performing Bank in the UAE for the second consecutive year. The bank also received the Banking Group Brand of the Year – MENA award at the Global Banking & Finance Awards.[12]

Mashreq was ranked 17th on Forbes Middle East's 30 Most Valuable Banks 2025 list.[13] It also ranked 23rd on Forbes Middle East's Top 100 Listed Companies 2025 list.[14]

Financial Performance

[edit]

For the year 2024, Mashreq reported a net profit before tax of AED 9.9 billion.[15]

Products

[edit]

Product offerings include:

See also

[edit]

References

[edit]
  1. ^ "Factsheet". Mashreq. 3 February 2026. Archived from the original on 5 February 2026. Retrieved 4 February 2026.
  2. ^ "Management Discussion & Analysis Report: Financial Year 2024" (PDF). Mashreq. 30 January 2025. Archived (PDF) from the original on 24 September 2025. Retrieved 4 February 2026.
  3. ^ "Mashreq delivers AED9 billion net profit after tax in 2024". Emirates News Agency. 30 January 2025. Archived from the original on 14 September 2025. Retrieved 4 February 2026.
  4. ^ "Q4 & FY 2024 Earnings PowerPoint Presentation" (PDF). Mashreq. February 2025. Archived from the original on 5 February 2026. Retrieved 4 February 2026.
  5. ^ Debusmann, Bernd Jr. (21 February 2019). "It's all about new ideas at Saudi Arabia's oldest bank". Arabian Business. Archived from the original on 26 August 2025. Retrieved 4 February 2026.
  6. ^ "Top Rated 12 Best Instant Loan Apps in UAE". Dubai: SEO Tech Experts. 24 April 2024. Retrieved 5 February 2026.
  7. ^ Singh, Sunil (22 August 2022). "Are Middle Eastern asset management firms doing enough in the Shariah space?". Citywire. Retrieved 4 February 2026.
  8. ^ Srivastava, Mehak (26 July 2022). "Innovation, ESG to spur Islamic finance growth". MEED. Archived from the original on 5 February 2023. Retrieved 4 February 2026.
  9. ^ Brusnahan, Patrick (19 December 2024). "Mashreq: how to manage wealth through geopolitical uncertainty". Private Banker International. Archived from the original on 25 January 2025. Retrieved 4 February 2026.
  10. ^ "Mashreq Enhances Digital 'NEO' Experience for Customers by Launching 'Mashreq UAE' Banking App". The Fintech Times. 11 January 2024. Archived from the original on 11 January 2024. Retrieved 4 February 2026.
  11. ^ "Mashreq expands corporate banking footprint to Oman with tailored financial solutions" (Press release). Zawya by LSEG. 20 January 2025. Archived from the original on 7 September 2025. Retrieved 4 February 2026.
  12. ^ "Mashreq receives accolades at the Middle East Technology Excellence Awards 2024 for groundbreaking account opening solutions". The Asian Business Review. 17 December 2024. Archived from the original on 14 January 2025. Retrieved 4 February 2026.
  13. ^ Mughal, Waqar. "Mashreq". Forbes Lists. Retrieved 3 May 2026.
  14. ^ Mughal, Waqar. "Mashreq". Forbes Lists. Retrieved 6 May 2026.
  15. ^ "Mashreq reports record AED 9.9 billion net profit in 2024". MEA Finance. 30 January 2025. Archived from the original on 11 February 2025. Retrieved 4 February 2026.
  16. ^ Mansoor, Zainab (1 March 2020). "Dubai's DIFC, Mashreq Bank launch bank account opening with KYC blockchain platform". Gulf Business. Archived from the original on 17 September 2020. Retrieved 4 February 2026.
  17. ^ Sambidge, Andrew (25 March 2022). "Mashreq launches digital initiative to support Dubai's IPO push". Arabian Business. Retrieved 4 February 2026.
  18. ^ "Mashreq becomes first bank in UAE to launch digital banking proposition for SMEs". Emirates News Agency. 25 September 2019. Archived from the original on 29 January 2023. Retrieved 4 February 2026.

Source: Wikipedia. Article content is retrieved live through the MediaWiki API.

Wikipedia

Mashreq (bank)

Mashreq (Arabic: بنك المشرق) is a major Emirati bank, one of the oldest in the country and the second in the Middle East. Established in 1967 as the Bank of Oman, the bank later rebranded as Mashreq and has since expanded its operations across multiple markets.

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Wikipedia

Arab Mashreq International Road Network

The Arab Mashreq international Road Network is an international road network between the primarily Arab countries of the Mashriq (Syria, Iraq, Jordan, Palestine, Lebanon, Kuwait, Egypt, Saudi Arabia, Bahrain, Qatar, UAE, Oman and Yemen). In addition, part of the network passes through Israel, which is not a party to the agreement that created it as well as non-Arab parts of the region. The network is a result of the 2001 Agreement on International Roads in the Arab Mashreq, a United Nations multilateral treaty that entered into force in 2003 and has been ratified by 13 of the 14 (all except Israel) countries that the network serves.

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Wikipedia

Arab Mashreq International Railway

The Arab Mashreq International Railway is a proposed railway network in the Mashriq, which is located in Western Asia and eastern North Africa in the eastern part of the Arab world. The planned network has north–south and east–west axes, and 16 different routes covering 19,500 km. The plan would require significant investment, as sixty percent of the routes have not yet been built, and parts of the existing railway infrastructure are weak or have gauge differences; some states may be unable to make large investments in infrastructure. Like the European Trans-European Transport Network, the Agreement specifies a family of high-priority international routes, rather than setting service details or awarding contracts to operators.

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Wikipedia

Mashreq University

Mashreq University is a private university located in Khartoum North in Sudan. Started in 2003 as Al-Mashreq College for Science and Technology, it was granted full university status in 2010 by the Sudanese Ministry of Higher Education and Scientific Research. The university offers more than 29 study programs, including Medicine and Laboratory Sciences, Engineering, Information Technology, Media, Economics, and Business Administration. English was the language of instruction in Sudanese universities, but since the early 1990s all curricula have been Arabized in Sudanese colleges; Mashreq University teaches in English and Arabic.

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TOPIC OF THE DAY

Greenwood / Black Wall Street

Before the 1921 destruction of Tulsa’s Greenwood District, Black residents had created a remarkable center of business and community life. The district included stores, professional offices, entertainment venues and homes owned by Black citizens. Understanding Greenwood means learning what was built—not only what was burned.

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TRIVIA QUESTION OF THE DAY

Which heavyweight champion was known as the “Brown Bomber”?

Joe Louis.