DOHA BANK HAILS QATAR, UK TIES
Doha Bank CEO Dr R Seetharaman has drawn parallels between the economic blockade on Qatar and the Brexit faced by Britain, adding that both countries have flourishing bilateral trade and business relations.
“Despite the Brexit development impacting the UK and the economic blockade impacting Qatar, the UK has always remained an important trade and investment destination for Qatar and will remain so, and hence Qatar and the UK can continue to explore the growing synergistic opportunities between them,” said Seetharaman.
“Qatar-UK trade is worth more than £5 billion. Food imports from the UK have come to Qatar after the recent economic blockade. Nearly a third of UK gas imports come from Qatar,” he added.
He further said that Qatar has a reserve of $340 billion including assets of its Sovereign Wealth Fund, QCB reserves in cash, and gold. “Together, Qatar's reserves are more than 200% of its GDP.”