MIDEAST STOCKS-Qatar's decline intensifies as insurer's Abu Dhabi branch shut:
"Qatar’s stock index was down again on Monday as shares in Qatar Insurance tumbled after it announced the closure of its Abu Dhabi branch because of the region’s diplomatic crisis. The stock index had fallen for the previous 10 straight sessions. Qatar Insurance dropped 4.6 percent after the company said its licence to operate in Abu Dhabi had not been renewed. Its Abu Dhabi unit, which had been operating since 2002, used to bring in annual revenue of 110 million Qatari riyals ($30 mln), the company said."
'via Blog this'
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