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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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*Bankers see more deals coming out of Egypt, Turkey. That strategy underwent an abrupt shift late in 2012 when the bank agreed to buy the Egyptian operations of French lender BNP Paribas for $500 million, securing a foothold in Egypt and diversifying a business hit hard by debt problems at the Dubai state-linked firms it banked heavily.
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*Leap of faith in post-conflict Syria. AMMAN, May 1- Syrian investor Khaleel Tohmeh is on a buying spree in the Damascus stock market, pinning his hopes on a long-term recovery of a bourse that has seen about two-thirds of its capitalisation wiped out by the two-year-old civil war.
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*But small size, dollar peg make Qatar vulnerable. DOHA, May 1- Five years ago, inflation in Qatar soared into the double digits after the tiny country spent heavily on hosting the 2006 Asian Games.
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DUBAI, May 1- Qatar Airways said it would receive compensation from Boeing for the grounding of its 787 Dreamliners, as it returned the aircraft to service for the first time in three months. Boeing understands that, "Chief Executive Akbar Al Baker said before boarding the first flight from Dubai to Qatar's capital Doha, accompanied by reporters.
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**A private equity group made up of Bain Capital LLC and Golden Gate Capital Corp has emerged as the lead contender to buy BMC Software Inc for more than $6.5 billion, three people familiar with the matter said on Tuesday.
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DUBAI, May 1- Qatar Airways said it would receive compensation from Boeing for the grounding of its 787 Dreamliners, as it returned the aircraft to service for the first time in three months. Boeing understands that, "Chief Executive Akbar Al Baker said before boarding the first flight from Dubai to Qatar's capital Doha, accompanied by reporters.
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*Kuwait rises above 7,500 points. DUBAI, May 1- Dubai heavyweight Emaar Properties. Property developer Emaar reported a worse-than-expected net profit of 556 million dirhams in the quarter ended March 31, compared to 606 million dirhams in the same period a year ago.
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DOHA, May 1- Qatar Islamic Bank, the Gulf state's largest sharia-compliant lender by assets, is not expecting to issue more Islamic bonds before 2014, its chief executive said on Wednesday.
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LONDON, May 1- The liquefied natural gas tanker Bu Samra is due to unload at Britain's Milford Haven port on May 9, AIS Live ship-tracking data on Reuters shows.
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LONDON, May 1- The liquefied natural gas tanker Bu Samra is due to unload at Britain's Milford Haven port on May 9, AIS Live ship-tracking data on Reuters shows.
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*Obama won't rush to act against Syria over chemical arms* Russia bars airlines from Syria due to risk of ground fire* Libya aims to end fuel subsidies in 3 years* U.S. regrets Egypt walk-out at nuclear talks* Palestinian killed in Gaza by targeted Israeli air strike* Arab League seems to soften Israeli-Palestinian peace plan* Hezbollah says opposition won't topple Assad with force* Pope accepts invite to Israel, urges peace talks.
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*Saudi oil minister gives energy speech in Washington. WASHINGTON, April 30- The oil minister of Saudi Arabia, the world's top crude oil exporter, welcomed the U.S. energy renaissance on Tuesday but added that the boom in new global output may hold the kingdom's production at current levels until the next decade.
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*Saudi oil minister gives energy speech in Washington. WASHINGTON, April 30- The oil minister of Saudi Arabia, the world's top crude oil exporter, welcomed the U.S. energy renaissance on Tuesday but added that the boom in new global output may hold the kingdom's production at current levels until the next decade.
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*Q1 revenue 8.44 bln riyals vs 8.03 bln riyals a yr ago By Matt Smith DUBAI, April 30- Qatar telecoms group Ooredoo. reported a 13.6 percent rise in first-quarter net profit, as increased revenue from Qatar, Iraq and Indonesia offset a sustained profit slump at its Kuwait and Oman units.
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Much will depend on the United States, as the world's second biggest carbon emitter whose present administration will be in place beyond the deadline for agreement on a new deal.
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*Dubai at new 3-1/ 2 year high. DUBAI, April 30- Shares in Abu Dhabi's Aldar Properties and Sorouh Real Estate fell on Tuesday after they reported mixed first-quarter earnings, weighing on the emirate's main stock index. Shares in Sorouh, which will delist from the Abu Dhabi bourse in June and merge with Aldar, dipped 1.6 percent.
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0750 GMT- Qatar's Barwa Real Estate Co slumps to a four-year low after the property developer said its first-quarter profit fell by nearly half. The company made a net profit of 158.5 million riyals in the three months to March 31, down from 292.5 million riyals a year ago.
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KUWAIT, April 30- Kuwait cannot start imposing taxes on citizens because the quality of public services in the Gulf Arab state is not good enough, a parliamentary committee told the International Monetary Fund, local media reported on Tuesday.
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*Saudi oil minister to give major speech in Washington Tuesday. *U.S., Saudi Arabia both keen on balanced oil market* Former U.S. diplomat says relationship is "less intimate" By Timothy Gardner. WASHINGTON, April 30- Experts say Asia and Iran are the keys to maintaining a strong- but evolving- U.S.- Saudi Arabia energy relationship.
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*Saudi oil minister to give major speech in Washington Tuesday. *U.S., Saudi Arabia both keen on balanced oil market. WASHINGTON, April 30- Experts say Asia and Iran are the keys to maintaining a strong- but evolving- U.S.- Saudi Arabia energy relationship.