Omani Shares Lead Mideast Gains on Rare Bank Tie-Up: Inside EM
(Bloomberg) —
Omans main equities index led Middle-East gains as a rare cross-Gulf bank tie-up propelled the National Bank of Omans shares higher.
The company was the biggest gainer on Omans benchmark index on Sunday, after Commercial Bank of Qatar QSC said it was looking to build a controlling stake in the firm. Qatari banks are expanding across the region, spurred on by the normalization of ties between Doha and neighboring Gulf states in January.
We believe that the National Bank of Oman has…
