Qatar National Bank is looking for financing as the ongoing diplomatic crisis could tighten liquidity up, Bloomberg reports. The bank has been speaking to internationals about a private placement, bond issuance or a loan in Q4. The crisis has put foreign reserves in banks at lower levels due to Gulf lenders refusing to carry over holdings.

In other business news out of Qatar, Investment Holding Group (IHG) will crack on with their listing despite the crisis, Reuters reports. The group had their IPO back in January offering 60% of the firm at a value of about USD 138 mn. IHG do have operations in Egypt and KSA but claim it isn’t enough to create a problem. The Qatari market expects other IPOs to take place this year.

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