09 Aug 2011
(MENAFN) Qatar’s Central Bank’s Governor, Abdullah Bin Saud Al Thani, said that in order to provide banks with cash to invest before borrowing would surge for the 2022 football World Cup; the central bank would sell USD1 billion in treasury bills, reported Gulf News.
Al Thani added that in 2011, around USD2.7 billion of T-Bills were issued, furthermore, as credit growth went down, the country planned to sell USD2 billion in T-Bills on a monthly basis since May in order to manage liquidity.
He also said that over the next ten years, Qatar would spend around USD88 billion in infrastructure works for the 2022 football World Cup which would be held in the country.
It is worth noting that the tranche Qatar would provide for lenders will be the fourth issuance in 2011 and will include three-month T-Bills, half of them Sharia-compliant.
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more