UPDATE 2-Qatar National Bank rules out sale of stake in UAE bank:
"Qatar National Bank’s said on Wednesday its stake in United Arab Emirates-based Commercial Bank International is not for sale. There has been speculation over QNB’s stake in the UAE bank after other Qatari companies cut some UAE business holdings following a decision by the UAE, Saudi Arabia, Bahrain and Egypt on June 5 to cut diplomatic and transport ties with Qatar. QNB, the largest lender in the Middle East and Africa by assets, holds a 40 percent stake in Abu Dhabi-listed CBI. The stake is valued at around $155 million, according to Reuters’ calculations."
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