04.05.2010 - Govt help propped up Qatar’s banking system
From Gulf-times.com: The $6bn government infusion into the Qatari banking system was “largely responsible” for the “strong resilience” of the local finance sector. Qatari banks have received the “most direct and proactive support” with the Qatar Investment Authority (QIA) injecting capital representing a 10% boost to the system into all banks with the exception of QNB. The government also offered to purchase a number of banks’ stakes in companies listed on the Qatari stock market, leaving banks the option to repurchase these investments at the same price within a five year period.............................................Full Article: Source
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