Newsletter
No. 747
News-Analysis
September 24, 2007
DOHA BANK WANTS TO BE JAPAN’S “GATEWAY TO THE MIDDLE EAST”
Several media articles
-- including one in the Wall
Street Journal -- have featured interviews with
Doha Bank Deputy Chief Executive Officer Raghavan
Seetharaman. It will be
recalled that Doha Bank became the only West Asian
financial institution to have a Tokyo branch in January
of this year (see Shingetsu Newsletter No. 494).
Mr. Seetharaman is now telling the press, “We want to be the gateway
to the Middle East for Japanese companies.” He is
also trying to tie up with Japanese banks on projects
like project finance, Islamic banking, carbon-credit
emissions trading, and sustained loans. Doha Bank
has profited in recent years from higher income due
to oil prices and is studying how they can participate
in the Japanese market.
Most of Seetharaman’s comments were apparently made at a seminar held
in Tokyo on the 22nd called “GCC Economic Trends
and Business Opportunities.” This seminar was organized
by Doha Bank itself.
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