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Qatar to spend $900m on bank stakes

Doha, December 15, 2009

Qatar will spend $900 million on buying a five percent stake in some of its local banks before the end of the year, the country's Finance Minister Youssef Kamal said on Tuesday.

Kamal also said that Qatar banks did not need any state help in the wake of Dubai's debt crisis. 'They have more money than what we thought, they don't need any help,' he said.-Reuters




Tags: Qatar | Spend | bank stake |

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