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Construction cranes and bulldozers operate near Zig Zag Towers in Doha September 25, 2012.
Construction cranes and bulldozers operate near Zig Zag Towers in Doha September 25, 2012.
(Mohammed Dabbous/Reuters)

BREAKINGVIEWS

Qatar’s juicy IPOs designed to wean citizens off debt

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

Qatar’s planned IPO bonanza may be socially driven but it looks a bit ambitious from a financial standpoint. The Gulf emirate is planning a wave of new listings on the local exchange. The aim is to boost the private sector and give Qatari nationals a chance to participate in the country’s global financial expansion. It may also be a way to modernise the traditional relationship between the absolute monarchy and its citizens.