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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory, Finance, Funds more

Qatar to buy investment portfolios from banks

Posted on 11 March 2009

From Gulfnews.com: Qatar launched new measures to support its banking sector on Monday with a government plan to buy banks’ investment portfolios in a bid to revive lending and support the economy, sending financial shares soaring.

“The government is studying a system to take these shares from banks, which will help increase lending,” Qatari Prime Minister Shaikh Hamad Bin Jassem Al Thani said, according to the state-run Qatar News Agency….. Full Article: Source

 
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