Financial and Banking News


QMA Imposes Further Banking Controls 

Following the imposition of reserve requirements ten weeks ago (MEES 10 March) which drained QR300mn ($82mn) from the banking system, the Qatar Monetary Agency (QMA) is introducing further regulatory changes in the country in the form of a rediscounting facility, and according to press statements by its Director General, Mr. Majid al-Majid, it will shortly be introducing minimum capital requirements....