EEMEA market round-up: United Arab Emirates
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EEMEA market round-up: United Arab Emirates

Arab Bank has bought a 50% stake in Turkey’s MNG Bank, as part of its expansion plans. MNG Bank was established in 1991, and offers retail banking and capital markets services through 11 branches across Turkey.

According to Abdel Hamid Shoman, chief executive officer of Arab bank: “Our venture reflects the importance of the Turkish market from financial, banking and economic perspectives.”

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