|
|
Article: Sudan : Qatar's QNB bank to expand presence in Sudan.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: pinto03
The Islamic arm of Qatar National Bank (QNB) will add a further 10 branches to its network of five branches in Sudan, a Sudanese official was quoted as saying on Monday.
Ahmed Shawar, secretary-general of Sudan's investment authority, made the comments at a news conference in Khartoum, Qatar's al-Sharq daily reported.
QNB, in which Qatar's sovereign wealth fund owns a 50 percent stake, said in November it was targetting surging demand for Islamic banking in the country.
Fuelled by an almost four-fold rise in oil prices since 2002, lenders in the Gulf Arab region have being expanding overseas as they face increasing ...