Perhaps it is no longer a hidden fact that 2016 will be a difficult year for the Qatari market. With more governmental or quasi-governmental entities announcing reductions or cancellations of projects, staff redundancies and consolidations within departments, it is likely that business opportunities will be significantly fewer than previous years with huge growth numbers. Banks (including Islamic banks) have also suffered the wrath of the economic downturn, with lending in Qatar decreasing generally, despite he recorded growth of bank assets to QAR1.11 trillion US$304.53 billion) by the end of 2015. AMJAD HUSSAIN writes.
This article was first published in Islamic Finance news Volume 12 Issue 15 on April 15, 2015.
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