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March 2009

Qatar: Dubai dropped for Doha

As gas exports from Qatar provide the country with a buffer from the Middle East’s financial crisis, investors are expected to favour Doha over troubled Dubai. Already, some regional and global banks are transferring staff from Dubai to Qatar’s capital.




One example of this is George Shehadeh, until recently head of principal investments at Dubai-based regional investment bank Shuaa Capital. Shehadeh is moving to Qatar to push the asset management arm of local Qatari investment company Amwal, in which Shuaa holds a 47% stake.

Shehadeh will succeed Amwal’s previous chief executive, Laurent Lavigne, who had more of an investment banking background....


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