Thursday 23 October 2014
 
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QNB

QNB’s nine-month net profit hits $2.2bn

Qatar National Bank (QNB), the largest lender in the Gulf region, has announced net profit of QR8.0 billion ($2.2 billion) for the nine months of 2014, up by 12.6 per cent compared to last year. QNB also maintained an efficiency r

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QNB lifts Ecobank stake in $283m deal

Qatar National Bank (QNB) has acquired a further 11 per cent stake in Ecobank Transnational Incorporated in a deal worth $283 million, making it the pan-African lender's largest shareholder. QNB acquired 2.048 billion ordinary

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Non-hydrocarbon growth to spur Qatar economy

Qatar’s real GDP growth will accelerate from 6.8 per cent in 2014 to 7.8 per cent in 2016 as the non-hydrocarbon sector expands at a double-digit pace on higher investment spending and a growing population, a report said. Th

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QNB acquire 12pc stake in Nigerian bank for $200m

Qatar National Bank (QNB) on Thursday bought a 12.5 per cent stake in Ecobank for about $200 million, its latest purchase in a drive to be the biggest bank in the Middle East and Africa by 2017. QNB bought the shares from Nigeria&

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QNB acquires a 12.5pc stake in Ecobank

Qatar National Bank (QNB) has announced the acquisition of a 12.5 per cent stake including both ordinary and convertible preference shares in Ecobank Transnational Incorporated, a leading pan-African bank. Ecobank Transnational In

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Qatar World Cup - a focal point for growth

Available indicators of Brazil’s economic activity during the 2014 Fifa World Cup are as dismal as the performance of its national team in the final match. As a number of Brazilian host cities shut down on the days when matc

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GCC projects underpin sustainable development

While GCC countries have grown strongly in recent years mainly due to high hydrocarbon prices and increased oil and gas output, sustainable development must be backed by large projects which diversify the economies, a report said.

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QNB net profit edges up, loan growth slips

Qatar National Bank (QNB), a leading lender in the Gulf region, has posted a 1.5 per cent rise in second quarter net profit on Tuesday (July 8), beating analysts' expectations despite slowing loan growth.   T

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QNB to maintain strong profitability: report

Qatar National Bank (QNB) is expected to maintain strong profitability levels for the upcoming years, according to an equity research by Amin Advisory. However, the growth trend is expected to slow down given the current size of t

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QNB posts 13.7pc profit rise in Q1

Qatar National Bank, the largest lender in the Gulf region, has said its first-quarter net profit rose 13.7 per cent.   The bank reported a net profit of QR2.4 billion ($659.1 million) for the first three months

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