Sunday, June 19, 2016

MIDEAST STOCKS-Abu Dhabi banks soar on merger talks; rate rise hits Egypt

DUBAI, June 19 (Reuters) - Shares in Abu Dhabi banks soared

on Sunday after National Bank of Abu Dhabi (NBAD) and

First Gulf Bank (FGB) confirmed they were in merger

talks. Other Gulf stock markets were mixed while an interest

rate increase dragged Egypt down.

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