Qatar National Bank says GCC banks have more liquidity than global rivals

PARIS — Gulf banks have more liquidity right now compared to many of their foreign peers mainly due to the higher interest rates in Europe and further afield, according to a senior executive at Qatar National Bank.

Speaking at Vision Golfe summit in Paris on Tuesday, Charles-Emmanuel de Beauregard, the bank’s head of corporate and institutional banking, said that Gulf countries will have to compete with the rest of the world for for billions of dollars in equity to finance infrastructure projects, of which there is a higher demand than…