There were no net outflows of funds from Qatar’s banking sector in November, the head of economics at Qatar National Bank, the country’s largest bank, said yesterday.
Rory Fyfe told an international business conference that net outflows had now ceased. He also predicted the non-hydrocarbon part of Qatar’s economy would grow 4.5% this year.
Outflows from banks have decreased in recent months as Gulf depositors have run out of remaining funds to withdraw, and as Qatari banks have found new sources of foreign money.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Indian Oil signs first annual deal for US oil
Wall Street calls for better returns; shale gets thrifty
EU starts natural gas price war Trump, Putin will love
Anti-Opec bill sponsor expects ‘positive reception’ from Trump
Iraqi youth planting start-up seeds to fight off unemployment
Singapore plans cautious budget with an eye on election
JGBs back on the investment menu for global funds
This is the place where S&P 500 rallies have come to die
Stocks staring down earnings recession fuel Wall Street clash