VOL. XLV
No 29
22-July-2002
QATAR
Qatar Banks See 2001 Profit Increase As Energy Project Lending Climbs
Qatars banks saw profits climb 38.4% to a record high of$222mn last year as they were able to reap the benefits of increased loan andrefinancing activity from the oil, gas and petrochemical industries, accordingto MEES sources. The banking sectoras a whole is looking much healthier compared to 2000, when profits slumped by25.6%, but is not without its problems, and Al-AhliBank, for example, is...
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