11.10.2011 - Qatar snaps up two Luxembourg banks
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
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