Arab Today, arab today qatar clears decks for trading in shortterm bills
Last Updated : GMT 00:25:05
Arab Today, arab today
Arab Today, arab today

Qatar clears decks for trading in short-term bills

Arab Today, arab today

Arab Today, arab today Qatar clears decks for trading in short-term bills

Dubai - Arabstoday

Qatar has completed procedures to list government debt instruments for trade on its securities exchange, aiming to stimulate investment in them by commercial banks and other institutions, the central bank said yesterday. Trade in short-term Qatari Treasury bills will begin on the Qatar Exchange this Thursday, central bank governor Shaikh Abdullah Bin Saud Al Thani said in a statement, with trade in government bonds and sukuk (Islamic bonds) to start \"at a later stage\". Call for transparency Listing Qatari government bills and bonds on an exchange, rather than limiting trade to opaque over-the-counter dealings between banks, could make their secondary market prices more transparent and stable, increasing trading activity. A more active debt market could in turn encourage companies to issue more bonds, reducing their reliance on bank lending, which has been hurt even in the wealthy Gulf region by jitters over the Eurozone debt crisis. \"The secondary market in bonds will encourage companies to issue debt instruments and will boost liquidity on the stock market of Qatar,\" the central bank statement said. Since May the central bank in Qatar, the world\'s largest natural gas exporter, has been issuing about 2 billion riyals (Dh2.01 billion) worth of T-bills monthly with maturities ranging from three to nine months, to drain excess funds from the banking system and help create a domestic yield curve. Qatari banks held about 8 billion riyals of T-bills at the end of September. Considered action Qatar has been preparing steps to deepen its debt market for many months, but has proceeded cautiously. In March, the Qatar Exchange\'s chief executive Andre Went said the bourse was considering whether to allow trading of bonds by the second quarter of this year, and would start with trading of government debt before slowly moving to corporate bonds.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar clears decks for trading in shortterm bills Arab Today, arab today qatar clears decks for trading in shortterm bills

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar clears decks for trading in shortterm bills Arab Today, arab today qatar clears decks for trading in shortterm bills

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday