Qatar's emir has given a long-awaited green light to regulatory reform which investors hope will help to simplify the slow and complex process of doing business in the Gulf Arab state.
A central bank spokesman said Sheikh Hamad bin Khalifa al-Thani had approved a law paving the way for a single financial regulator, but gave no timetable for completing a reform first mooted five years ago.
The law provides for an umbrella body to regulate banks, financial services and insurance companies and the country's bourse as well as banking, financial and insurance companies licensed by the Qatar Financial Center, the spokesman said.
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