Qatar’s royal family has made a splash in Luxembourg with deals to buy two banks, in a sign of the Gulf state’s desire to make the Grand Duchy an Islamic financial centre in Europe.
Hours after the French and Belgian governments announced the break-up of the Dexia banking group, Luxembourg announced on Monday that members of the Qatari monarchy decided to buy the troubled lender’s unit in the country, Dexia BIL……………………………………….Full Article: Source