The Qatari Central Bank is preparing for the opening of a new commercial bank in the State of Qatar in the beginning of 2002 with an estimated capital of 500 million Qatari riyals, Al-Ittihad. The new bank will be launched under the name of “The Development and Investment Bank.” Investors in the new bank believe that there will by a need for such an institution in the neat future, especially since Qatari markets are expected to expand. — (menareport.com)
© 2001 Mena Report (www.menareport.com)
