Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Foreign deposits at Qatar's banks may fall further after dropping the most in almost two years in June as some Gulf lenders refuse to roll over holdings, people with knowledge of the matter said.Non-resident deposits in Qatari banks in June posted their biggest decline since November 2015 .Foreign deposits dropped 7.6 percent to 170.6 billion riyals ($47 billion) from a month earlier, according to central bank data. The Qatar three-month interbank offered rate, a benchmark used to price some loans, climbed to 2.49 percent on Aug. 3, while a similar rate in Saudi Arabia was at 1.8 percent and 1.53 percent in the UAE, according to financial data compiled by Bloomberg.
FOLLOW THIS ARTICLE