Qatar banks forecast 2018 uptick in private sector credit growth | ZAWYA MENA Edition

Qatar banks forecast 2018 uptick in private sector credit growth | ZAWYA MENA Edition:

"Qatar banks expect private sector credit growth in the country to pick up speed in 2018 as companies borrow and invest to expand their business, taking advantage of opportunities created by a regional political impasse. The government and state-linked companies have long been the mainstay of credit growth and will continue to be, especially as Qatar prepares to host the 2022 FIFA World Cup. But a political rift that erupted between Qatar and Saudi Arabia, the United Arab Emirates, Bahrain and Egypt in June and the subsequent scaling back of some companies and investments from those countries is creating a vacuum gradually being filled, in part, by Qatar's fledgling private sector."



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