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DUBAI- Qatar National Bank's
QNBK.QA
stake in UAE-based Commercial Bank International
CBI.AD
is not for sale, a spokesman for QNB told Reuters on Wednesday.
QNB, the largest lender in the Middle East and Africa by assets, holds a 40 percent stake in CBI.
Tensions between the United Arab Emirates and Qatar have risen since a decision by the UAE, Saudi Arabia, Bahrain and Egypt on June 5 to cut diplomatic and transport ties with Qatar.
(Reporting By Tom Arnold. Editing by Jane Merriman) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
QNB, the largest lender in the Middle East and Africa by assets, holds a 40 percent stake in CBI.
Tensions between the United Arab Emirates and Qatar have risen since a decision by the UAE, Saudi Arabia, Bahrain and Egypt on June 5 to cut diplomatic and transport ties with Qatar.
(Reporting By Tom Arnold. Editing by Jane Merriman) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))