Mashreq bank launches Egypt operations
Dubai-based Mashreq Bank on Wednesday launched its Egyptian operations with ten branches in Cairo and Alexandria and a capital outlay of 560 million Egyptian pounds.
Mashreq Bank, Dubai's second-largest lender by market value, may be interested in Turkey's Denizbank if the price is right, Mashreq's chief executive Abdul Aziz Al Ghurair was reported by Turkey's Sabah newspaper as saying.