MIDEAST STOCKS-Earnings lift UAE mkts but weigh on Qatar, Saudi

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Arabtec soars * Banks' earnings support Abu Dhabi * Qatar's rise slows as volume drops * Telecoms weigh on Saudi Arabia * Result of Omantel offer dampens Oman By Olzhas Auyezov DUBAI, April 23 (Reuters) - Dubai's bourse led gains in the Gulf on Wednesday, lifted by strong first-quarter results and other positive news from listed companies, while Abu Dhabi and Qatar edged up. Shares in construction firm Arabtec Holding soared 10.7 percent after the company outlined ambitious expansion hopes and presented new projects at a major real estate exhibition in Abu Dhabi. The company's chief executive Hasan Ismaik was quoted as saying by local media on Tuesday that Arabtec hoped to buy a European construction firm specialising in oil and gas, which he did **t name, and separately list its core construction division on the stock exchange. Arabtec presented projects worth a total of 14 billion dirhams ($3.8 billion) at the exhibition, and is in talks with the Abu Dhabi government to build large areas of lower-income housing there, the media reported.

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