MIDEAST STOCKS-Emirates NBD boosts Dubai; Abu Dhabi, Saudi stocks also up | Reuters:
"United Arab Emirates stocks led regional gains on Tuesday, with Dubai’s market bolstered by a surge in Emirates NBD after it agreed to buy Turkish lender Denizbank for $3.2 billion. Emirates NBD has outperformed Dubai’s market so far this year, rising 30.5 percent, compared to a 11.8 percent slump in the Dubai index. On Tuesday, the stock gained 8.4 percent, helping the index finish 0.9 percent up. Emirates NBD, which already has a presence outside the United Arab Emirates in several countries, said the deal would add value for shareholders in the first year."
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