His Highness the Amir Sheikh Tamim bin Hamad al-Thani on Wednesday issued Law No. 20 of 2019 to issue a law on combating money laundering and terrorism financing.
Qatar’s surplus fiscal balance and increasing government expenditure on major projects may boost public and private sector investment and credit demand from the banking sector, according to the Qatar Central Bank.
Driven by a growth in credit facilities, State-owned Qatar Development Bank’s (QDB) total assets exceeded QR11bn last year compared to QR10.2bn in 2017.
HE the Governor of Qatar Central Bank (QCB) Sheikh Abdulla bin Saoud al-Thani said Islamic finance plays a vital role within the financial and banking sector in the State of Qatar.
Qatar Central Bank’s foreign exchange (FX) reserves have risen to $52.7bn in May, QNB said in its latest ‘Qatar Monthly Monitor’.
Non-resident deposits within Qatar’s commercial banks witnessed a robust 35% year-on-year expansion in May 2019
Total assets of commercial banks in Qatar registered about 6% year-on-year increase to QR1.43tn at the end of May this year, according to the central bank figures.
The Qatar Financial Center (QFC) has showcased the country's Fintech strategy and the opportunities available for the UK and Qatar Fintech firms, apart from the growing scope for asset management firms in Doha.
Qatar and the United Kingdom have signed a number of bilateral agreements, including the Qatar Central Bank's donation agreement to the UK's King's College to establish a Qatar Centre for Global Banking & Finance within King's Business School.
HE the Governor of the Qatar Central Bank (QCB) Sheikh Abdullah bin Saud al-Thani issued Decision No 7 of 2019 on the instructions for licensing, organising and supervising the services of supporting insurance providers
The Qatar Central Bank circulated last Sunday an enforcement order issued by the Enforcement Judge of the Qatar International Court against a non-QFC registered company operating within the State of Qatar.