For more than a year the financial centres of Qatar and the UAE have been implementing strategic changes in the hope of winning MSCI’s coveted emerging market status. But the decision has now been held back until December prompting mixed feelings on what this means for Mena

HSBC Amanah is winding down its Qatar operations, in the first high-profile casualty of the recent Central Bank directive on Islamic banking.

Qatar National Bank (QNB) is set to expand its business by rolling out brokerage and custody activities under the newly-formed subsidiary ‘QNB Financial Services’.

Fund outlook unclear as commercial banks targeted