Qatar: The QE 20 Index closed 0.05% lower at 9,803.19 points. Commercial Bank of Qatar or CBQ fell 1% to QR69.10. Earlier in the day, CBQ said in a statement to the bourse, its board appointed Abdulla Saleh Al Raisi to the role of Chief Executive Officer. Mr. Al Raisi joined the bank in 1998 and worked in both the Retail and Corporate banking divisions before being appointed as Deputy CEO in March 2007. Mr. Andrew Stevens, will continue as the Group Chief Executive Officer with Mr. Al Raisi's appointment allowing Mr. Stevens to focus on driving the Bank's international strategy as well as the management of the investments the Group has made in National Bank of Oman, United Arab Bank, and most recently Alternatifbank in Turkey, said the country's second lender. [AMEInfo.com]
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