Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55383594
Caption:

People exchange money at a money exchange office in Doha, Qatar, June 11, 2017. REUTERS/Tom Finn

Qatar Flooded Banks with $8 Billion to Offset Outflows

by Asharq Al-Awsat | Sep 20, 2017 | Business

London- Qatar pumped 29.1 billion riyals ($8 billion) into its banking system in August to cushion it from withdrawals by financial institutions from neighboring Arab states due to the Gulf’s diplomatic crisis, central bank data showed. The current crisis, triggered...

Media ID: 55381797
Caption:

Qatar National Bank – Archive. Asharq Al-Awsat Arabic

Qatar Banks Face Urgency to Secure Funds

by Asharq Al-Awsat | Aug 25, 2017 | Business

London- Qatari banks started seeking funds from Asia and Europe after clients from Arab states withdrew billion dollars from their accounts, following the quartet-boycot of Saudi Arabia, UAE, Bahrain and Egypt to Qatar. While the Qatari government has placed large...

Media ID: 55376440
Caption:

A man walks past a branch of Qatar National Bank (QNB) in Riyadh, Saudi Arabia, June 5, 2017. REUTERS/Faisal Al Nasser

Qatari Banks to Undergo Short-Term Deposit’ Drying up

by Fatah Al-Rahman Youssef | Jun 13, 2017 | Business

Riyadh – Economists expect Qatari banks to undergo their toughest stage in the coming days and to enter the phase of international institutions’ short-term deposits drying up amid the rise of Qatar interest rate index, knowing that the lending cost is the...

Media ID: 55362294
Caption:

Kuwait’s central bank Governor Mohammad al-Hashel attends the GCC Governors meeting in Manama March 13, 2013. REUTERS/Hamad I Mohammed

IMF: Kuwaiti Economy to Revive in the Medium Term

by Asharq Al-Awsat | Nov 16, 2016 | Business

Kuwait- The Central Bank of Kuwait announced that the International Monetary Fund (IMF) mission to Kuwait expected a gradual revival in Kuwaiti non-oil sectors GDP up to 3.5% in the upcoming year and 4% in later years. The mission, in its concluding statement, also...