Qatar Telecom QSC, the Persian Gulf country’s largest company in revenue, will restructure debt in the first half this year, Chairman Sheikh Abdullah Bin Mohammed Al Thani said.
Qatari commercial banks will be required to transfer accounts from their Islamic divisions into a portfolio to be held by the central bank until they mature, under a rule separating the two kinds of finance.
Qatar is offering the highest yields in the Gulf Cooperation Council on treasury bills as the nation hosting the 2022 soccer World Cup seeks to deepen its debt market.
Qatar’s Central Bank Governor Sheikh Abdullah bin Saud Al Thani said inflation in the Gulf country is expected to be 2.5 percent this year. Sheikh Abdullah spoke to reporters in Kuwait today.
Cradling his iPad, Sheikh Fahad bin Abdullah Al-Thani, a member of Qatar’s royal family, casts his gaze on a bay colt.
The United Arab Emirates and Russia plan to sign “in the near future” an agreement to work together on nuclear energy.
"The Iraqi market is about to enter a period of rapid broadband and data growth and Asiacell is well-positioned to meet the demands of the population for high quality, reliable and affordable voice and data services."
- Sheikh Abdullah on Jun 05, 2012