Franklin Templeton to manage multi-asset fund launched by Qatar’s Commercial Bank
By Andrei Skvarsky.
Global asset management firm Franklin Templeton Investments will manage a global sharia-compliant multi-asset retail fund that has been launched by Commercial Bank of Qatar, CBQ said in a statement.
According to the statement, the Shariah Global Multi-Asset Fund project is part of Qatar National Vision 2030, a strategy launched in 2008 and aiming to put the country on a sustainable development path and achieve high living standards by 2030.
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MENA’s largest bank QNB signs deal to boost foreign investment in Qatar free zones
By Andrei Skvarsky.
Qatar National Bank (QNB Group), the largest bank in the Middle East and North Africa (MENA) region, would provide a range of services for foreign companies in a bid to boost foreign direct investment in Qatar’s free zones under a planned deal with the country’s government, according to a Qatari newspaper.
The Gulf Times, an English-language daily published in Doha, was referring to a memorandum of understanding between QNB and the Qatar Free Zones Authority whose signature was announced this week.
There are two free zones in Qatar, a Gulf country about seven and a half times as large in area as Greater London. Hamad International Airport is the centre of one of the zones, and Hamad Port, the nation’s biggest seaport, the centre of the other.
Native Arab Qataris make up less than 15 per cent of the country’s population of a little more than 2.7m, the rest being migrants.
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