Qatar's banks: navigating the storm: as one of the world's wealthiest nations, thanks to its role as the number-one exporter of liquefied natural gas, Qatar's banking sector is well placed to weather any fallout from regional private-sector defaults.

The Middle East › Nbr. 2009, January 2009

Author: Smith, Pamela Ann

Position:: BUSINESS: BANKING

Linked as:

Summary

BUSINESS: BANKING

See the full content of this document

Extract

Qatar's banks: navigating the storm: as one of the world's wealthiest nations, thanks to its role as the number-one exporter of liquefied natural gas, Qatar's banking sector is well placed to weather any fallout from regional private-sector defaults.

As the shock waves from the $10bn default and emergency debt restructuring of two of the Gulf's largest family-owned firms continued to ripple around the GCC, Qatar's banks were basking in the warm glow of yet another bout of beneficence from the government. This, combined with a rosy picture of rapidly rising profits for the to...

See the full content of this document