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Mashreq Qatar expects 40% surge in 2011 revenue

Mashreq Qatar has said its 2011 revenue is expected to surge by more than 40% to QR350m ($96.2m), driven mainly by its treasury operations and strong deposit growth, Reuters has reported. "Towards the end of the year we will see an increased appetite for corporate bond issuance as the region calms down," Howard Kitson, country head of Mashreq Qatar said.