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Monday, 24 April 2017

World-Cup spending presses Qatar banks as deposit deadline nears | GulfNews.com

World-Cup spending presses Qatar banks as deposit deadline nears | GulfNews.com:

"Qatari banks are in a bind.
On the one hand, they need to finance building projects for the 2022 soccer World Cup. On the other, they must attract more deposits to match their loans.
Lenders seeking to lure money into their coffers to meet a central bank deadline have driven the local inter-bank rate to among the highest in the Gulf. However, their efforts are being undermined because loans are rising much faster than in Saudi Arabia and the United Arab Emirates.
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