For many people outside Qatar interest in the tiny Gulf emirate over the last year has focused on its preparations for the football World Cup tournament that is, somewhat controversially, being hosted there at the end of 2022. But for the resource-rich nation’s banking community – where local lenders have long processed the petrodollars that flow plentifully into national coffers from the country’s oil and gas pipelines – 2021 has been an exciting year.
It kicked off with that rarest of things in Qatar: a bank merger.
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