Britain and Qatar to Sign MoU Strengthening Financial Services Cooperation

Qatar, 4 December, 2024 : Britain and Qatar will sign a memorandum of understanding (MoU) on Wednesday to strengthen cooperation in financial services, focusing on fintech and green finance. The agreement will be signed at Downing Street in London during a two-day state visit by Qatar's Emir, Sheikh Tamim bin Hamad Al Thani, who is also set to meet Prime Minister Keir Starmer.

The MoU, attended by financial institutions including Citibank, Standard Chartered, Al Rayan, and Qatar National Bank, follows similar agreements signed with Saudi Arabia and the UAE. It aims to promote investment, growth, and deeper ties between the two nations, with an emphasis on financial services and regional cooperation.

Qatar, a significant investor in the UK, has stakes in major landmarks such as Canary Wharf, the Shard, Barclays, and Heathrow Airport.