The Qatari banking sector has held up well over the past few years, and is now hoping to benefit from renewed economic activity, an influx of tourists drawn to the country by the 2022 Fifa World Cup and increased revenue flowing into the country thanks to strong demand for natural gas. There is now considerable optimism in the sector.
“Qatar was one of the least affected countries in the world by the economic effects of the Covid-19 pandemic,” says Abdulla Mubarak Al-Khalifa, group CEO of Qatar National Bank (QNB), the country’s largest bank.