Browse related articlesQatar eyes European banks
Qatar: Tuesday, February 26 - 2008 at 08:36
Shaikh Hamad bin Jassim Al Thani, Qatar's prime minister and head of its sovereign wealth fund, said he favours investing in European over US lenders because US bank stocks are likely to fall further on subprime-mortgage writedowns, reported Reuters. He said Qatar, which bought 'under' 2% of Credit Suisse, is looking to spend between $10bn and $15bn over the next two years on bank stakes to diversify the country's economy from oil and natural gas.
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Jeff Florian, Senior ReporterTuesday, February 26 - 2008 at 08:36 UAE local time (GMT+4)
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