VOL. XXXIX

No. 11

11-December-1995

QATAR

Qatar Sets Up Bank For Industrial Development

The Government of Qatar and seven Qatari financial institutions have established a bank that will finance industrial projects in the Gulf state through the provision of soft loans and easy term installments to small and medium-sized projects. The bank is intended to encourage development of the non-oil industry.

The Bank for Industrial Development will begin operation in March and assist with both...