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IBQ’s merger talks with al khaliji stall

Qatari lenders Al Khalij Commercial Bank (al khaliji) and the International Bank of Qatar have cancelled plans for a proposed merger of the two banks, the Peninsula has reported. The two banks have decided to end negotiations for the proposed merger as final terms could not be agreed. As a result, the existing governing, operational and financial structures in place at the banks will remain unchanged, the two banks said in joint statement.