MIDEAST STOCKS-Emirates NBD's Turkish deal lifts Dubai index | Reuters:
"Dubai stocks led gains among Gulf markets in early trading on Tuesday, helped by a surge in Emirates NBD after it agreed to buy Turkish lender Denizbank for $3.2 billion. The Dubai index was up 0.8 percent on Tuesday, with Emirates NBD, climbing 6.9 percent. Dubai’s largest bank has been one of the standout performers in the Dubai market so far this year, with its gains so far reaching around 29 percent. 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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