Economy, Business And Markets

Banking Ties With Qatar Still Facing Hurdles

Bank Saderat’s branch in Doha
Bank Saderat’s branch in Doha

In spite of all efforts to boost economic ties with Qatar, Iran’s only active bank in the Arab nation, Bank Saderat, is still facing serious hurdles, according to its chief executive.
“We have made efforts to expand the two country’s relations in the banking sector, but working conditions between Qatari banks and Bank Saderat are not like the bank’s working conditions with Omani banks,” Hojjatollah Seyyedi also told IBENA.
At present, two Bank Saderat branches in Qatar are tasked with servicing the transactions of Iranian businessmen and exporters. Alongside Oman, Qatar has emerged as Iran’s main replacement for the UAE.


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