VOL. XL

No. 25

23-June-1997

QATAR

New Qatar Industrial Development Bank

The Qatari Crown Prince, Shaikh Jasim bin Hamad bin Khalifa Al Thani, on18 June issued a decree setting up a new Qatar Industrial Development Bank aimed atfinancing medium- and small-scale industries in the country. The bank, whose formation wasannounced in the budget statement (MEES, 7 April), will have an authorized capitalof QR200mn ($54.9mn) which may be increased to QR500mn ($137.3mn) and will be 50% owned bythe state...