Qatar's Ooredoo, a leading telecom services provider in the region, blamed adverse foreign exchange losses and a tough operating environment in Iraq for the telecom operator's 43 per cent drop in first-quarter profit.
Qatar's royal family and Luxembourg are to buy Dexia's private banking arm Banque Internationale Luxembourg for 730 million euros ($950 million), as part of the Franco-Belgian group's bailout plan.
'Precision Capital, a Qat
Qatar National Bank is weighing a potential bid for Denizbank , the fast-growing Turkish arm of euro-zone debt casualty Dexia in a deal potentially worth up to $6 billion, people familiar with the matter said.
QNB, 50 percent owned b