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Andrew Stevens, Group CEO at Commercial Bank, talks to CNBC about their plans to buy a 70.8 percent stake in Turkish lender, Alternatif Bank.
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May 8- Headlines Qatar eyes Bankia stake in British Airways, Iberia parent Santander, private equity firms plan auto finance unit IPO Glass Lewis calls on Jamie Dimon to drop chairman role Lisbon enjoys strong investor demand for bond issue. Cheap deals drive UK car sales to best April since financial crisis.
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May 7- Qatar has approached International Airlines Group, the owner of British Airways and Iberia, with an informal offer to become the company's largest shareholder by buying the 12 percent stake held by Spain's nationalised lender Bankia, the Financial Times reported.
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*Brazil becomes first BRICS nation to head WTO. GENEVA, May 7- Brazil's Roberto Azevedo has won the race to become the next head of the World Trade Organization, the first candidate from the BRICS club of emerging economies to take the job.
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GENEVA, May 7- Brazil's Roberto Azevedo has won the race to become the next head of the World Trade Organization, the first candidate from the BRIC club of emerging economies to take the job.
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LONDON, May 7- Generali's private bank BSI attracted bids below its estimated 2.3 billion Swiss francs book value, four people familiar with the situation said on Tuesday.
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LONDON, May 07 Fitch Ratings has affirmed seven Qatari banks following a peer review. The seven banks included in this peer review are Qatar National Bank, Commercial Bank of Qatar, Qatar Islamic Bank, Doha Bank, Ahli Bank Q.S.C., Al Khalij Commercial Bank Q.S.C., and Qatar International Islamic Bank.
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*Little sign of pull-back in Dubai, Abu Dhabi. DUBAI, May 7- Egypt's bourse rose to an eight-week high on Tuesday as corporate news lifted sentiment, while Saudi Arabia's bourse slipped for a third straight session in an otherwise positive regional picture.
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DUESSELDORF/ FRANKFURT, May 7- SolarWorld. Earlier this month, SolarWorld's Chief Executive Frank Asbeck said the company was close to securing financial backing from a Qatari investor as part of a plan to support the indebted group.
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MUMBAI, May 7- The Indian rupee rose on Tuesday, snapping three sessions of losses, as rumoured inflows related to a corporate deal helped offset dollar demand for defence-related purchases.
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GENEVA, May 7- Two more people in Saudi Arabia have died from a new strain of coronavirus that has emerged in the Middle East, bringing the toll in the kingdom's latest outbreak to seven, the World Health Organization said on Tuesday.
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INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares steady on higher Wall Street* Oil rises to over $105 per barrel on Mideast tensions* MIDEAST STOCKS-Dubai, Kuwait rally pauses; Gulf mkts mixed* Turkish markets mixed as lira rise signals more rate cuts* Gold ticks lower as equities gain, ETFs plunge* Israel says' no winds of war' despite Syria air strikes* Bombs, mosque attack kill 17 in Iraqi capital- police* Kerry to' make another stab' at Syria deal with Russia* UN distances self from report Syrian rebels used nerve gas* Influential U.S. senator offers bill to arm Syria rebels* Iran presidency candidates to step forward, finally.
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MUMBAI, May 6- The Indian rupee fell to its lowest in nearly a week on Monday on continued dollar demand from state-run banks, likely related to the government's defence purchases.
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MADRID, May 6- Spanish infrastructure company Sacyr said on Monday it had won a 70 million euro contract to build motorways and other infrastructure in Al Rayaan, Qatar, its first contract in the country.
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*Qatar Airways looking to buy 10-15 A330 jets- CEO. DUBAI, May 6- Qatar Airways is in talks with Airbus to buy up to 15 of the European planemaker's A330 passenger jets, a deal potentially worth $3.6 billion at list prices, citing production delays to Boeing's 787 Dreamliner aircraft.
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*Qatar Airways looking to buy 10-15 A330 jets- CEO. DUBAI, May 6- Qatar Airways is in talks with Airbus to buy up to 15 of the European planemaker's A330 passenger jets, a deal potentially worth $3.6 billion at list prices, citing production delays to Boeing's 787 Dreamliner aircraft.
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DUBAI, May 6- Here are factors that may affect Middle East stock markets on Monday. *Gulf airlines prepare for Boeing's 777 X offering* Gold holds near 2- week high; equities weigh* Libyan parliament bans ex-Gaddafi officials from office* UN warns against escalation after Israeli strikes in Syria* Syrian Sunnis flee coastal town after night of killing.
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*Boeing may not outsource much work- Qatar Air CEO Baker. By Praveen Menon DUBAI, May 5- As they prepare to buy Boeing's. new 777 X jet, Gulf airline giants Emirates and Qatar Airways are warning that Boeing must avoid the mistakes of the 787 Dreamliner, which cost customers millions of dollars when its batteries failed.
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*Boeing may not outsource much work- Qatar Air CEO Baker. *Boeing's cash exposure from 787 is tricky- Emirates' President Clark.
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GENEVA, May 5- The World Trade Organization has overseen a 12- year stalemate in global trade talks. In Mexico's Herminio Blanco and Brazil's Roberto Azevedo, the WTO has a choice between two highly qualified Latin American trade diplomats who would bring very differing approaches to the job of replacing veteran WTO head Pascal Lamy.
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0847 GMT- Shares in Abu Dhabi energy firm Dana Gas. Abu Dhabi's benchmark index climbs 0.7 percent to 3,303 points. Dana Gas is already quite advanced in doing the preparatory work, legal and accounting, regulatory and financial, "he said at that time.