Qatar plans bank in Cambodia to enhance trade
Qatar’s ambassador to Cambodia says his country wants to open a bank here in an effort to enhance, and attract more, trade and investment from Middle East countries to the Kingdom. … Bloomberg reported yesterday that Arqaam Capital, a Dubai-based investment bank, had said it was considering expanding from Africa to Southeast Asia. Ngoun Sokha, director-general of the National Bank of Cambodia, said the Kingdom did not have any banks from the Middle East. … Hiroshi Suzuki, chief executive and chief economist of the Business Research Institute for Cambodia, said he had not noticed an increase in investment from the Middle East into Cambodia. “Normally, Middle Eastern countries are interested in investment in Islamic countries such as Malaysia and Indonesia,” Suzuki said. …
