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Mashreqbank Sees 20% Gain in Retail Profit on Wealth, Insurance

Mashreqbank PSC, the United Arab Emirates lender owned by the billionaire Al Ghurair family, expects retail-banking profit to climb by more than 20 percent next year even as concerns increase about the rising number of small company owners fleeing the country, leaving unpaid debt. Retail assets, which account for about…

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