Regional stock market indices Regional currency rates QNB launches representative office in Libya Qatar National Bank (QNB) launched a representative office in Libya, and that in accordance with the bank’s plan of international expansion. With the Libyan office, QNB’s presence now extends to 15 countries, among which are Oman, Kuwait, Singapore, UAE, UK, France and Switzerland. QNB reported net profits of QAR652.8 million ($179.4 million) in Q1-2007, up 6.7% year-on-year. The bank’s total assets rose 22.1% for the same period to QAR70 billion ($19.2 billion), while loans rose 41.5% to QAR47.2 billion ($13 billion) and customer deposits increased to QAR52.7 billion ($14.5 billion), up 15.8%. Abu Dhabi’s Aldar to exclusively construct Ferrari theme park Abu Dhabi-based public joint stock company Aldar Properties signed an exclusive deal with Ferrari to construct the Ferrari Theme Park on Aldar’s Yas Island Project. The theme park will feature attractions, family rides, driving school, virtual
