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.
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
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