Qatar Holding to acquire stake in Harrods Bank
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Qatar Holding to acquire stake in Harrods Bank

Qatar Holding to acquire stake in Harrods Bank

Qatar Holding has secured the approval by UK regulators to acquire a controlling stake in Harrods Bank, the private banking arm of the luxury department store, the Daily Mail has reported. The sovereign wealth fund is hoping to expand the bank, which racked up a £1.7m loss in the year to the end of January 2012 after losses on one bad loan.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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