VOL. XL

No. 44

3-November-1997

QATAR

Qatar Inaugurates New Industrial Bank

The Qatari Minister of Finance, Economy and Trade, Shaikh Muhammad bin Khalifah AlThani, on 26 October inaugurated the Qatar Bank for Industrial Development (QBID), whichwas set up at the end of 1995 (MEES, 11 December 1995). The bank has a nominalcapital of QR200mn ($54.9mn) of which QR100mn is paid up, although there is a provision toincrease the capital to QR500mn ($137.4 mn) when the need arises. QBID is owned 50% by...