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LEAVE A COMMENT Your email address will not be published.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*
France govt downplays Renault-Nissan merger as Ghosn stays in jail
Millennials take charge of this year’s Davos forum
Coffee clash brewing in China: startup Luckin takes on Starbucks
Vietnam makes pitch as an investor safe haven amid trade war
Gold rally pauses as stocks soldier on
China set to post slowest growth in 28 years in ’18; more stimulus seen
Pound rally faces the reality check as traders await Brexit Plan B
How a Netanyahu indictment would play out in Israeli markets
JPMorgan sees Gulf bond sales slipping as rates, volatility rise