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Middle EastMay 26 2022

Rising gas receipts and World Cup influx set to lift Qatari lenders

The country’s banks are set for a bumper year, even as a heavy reliance on foreign funding raises concerns. Kit Gillet reports.
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Rising gas receipts and World Cup influx set to lift Qatari lenders

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.

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