 | Qatari banks face risk
from real estate exposure THE stable outlook for Qatar´s
banking system over the next 12
to 18 month period faces risk
from exposure to construction
and real-estate sector, Moody´s
Investors Service has cautioned
in its Banking System Outlook
on...
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| | QNB acquires 49 percent stake in Libyan bank |  QATAR National Bank (QNB)
has acquired a 49 percent stake
in the Bank of Commerce and
Development, one of the leading
private banks in the Libya.
The announcement was made
during the extraordinary general
assembly of the Bank of
Commerce and Development
held in Benghazi, Libya on
Thursday. It approved QNB as a
strategic partner of the Bank
according to the memorandum
of agreement between the two
institutions.
Commenting on the acquisition,
Chief Executive Officer Ali
Shareef al Emadi said the strategic
partnership comes in line
with QNB´s strategic plan of
international expansion in
selected and promising markets.
QNB will be represented... | | | India replaces China as Iran´s top oil client |  INDIA has vaulted to the top
of the list of Iran´s oil customers,
overtaking China, in
a first quarter buying surge
ahead of tighter sanctions
against Tehran this summer,
data published by a leading
industry consultant showed.
Direct imports to India
from Iran were 433,000 barrels
per day (bpd) in the first
quarter compared with
256,000 bpd to China,
according to data compiled by
Geneva´s Petrologistics and
seen by Reuters via an industry
source.
The Indian import figure
was up by around 23 percent
from the 351,0000 bpd
imported over the same period
of 2011 and significantly
above the its 2011 average of
326,000 bpd.
Iran, like many oil
... | | | Italy hits bond hitch as eurozone troubles revive |
 ITALY was forced to pay
higher rates in a bond auction
that failed to reach its
maximum target on
Thursday as Rome sought to
defuse a row with Madrid
over who to blame for a
return of investor jitters.
The Italian Treasury had
hoped to raise up to 5.0 billion
euros ($6.6 billion) but
only took 4.9 billion, and the
rate on the three-year bonds
sold rose to 3.89 percent
compared with 2.76 percent
in a similar issue last month.
"We made the choice not to
take all of the demand
because we do not have the
urgency to raise funding at
rates that we do not believe
are right," Vittorio Grilli, a
junior economy minister, told
reporters after the auction.
Italian Prime Minister ... | |
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