Qatari finance minister arrested over alleged embezzlement

Qatar's Minister of Finance Ali Sherif al Emadi speaks at the Qatar UK Business and Investment Forum in London, Britain, March 27, 2017.

He is also chairman of the board of directors of Qatar National Bank, the largest lender in the Middle East and Africa.Emadi steered Qatar's economic policies during the 2014-2015 oil price crash that prompted the tiny nation - as well as other Gulf countries - to accelerate plans to diversify the economy.

The contraction however was smaller than expected and the smallest in the Gulf region, according to International Monetary Fund data.

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Seven European countries to halt export finance for fossil fuelsSeven European countries, including Germany, France and Britain, will commit on Wednesday to stop public export guarantees for fossil fuel projects, French Finance Minister Bruno Le Maire said on Tuesday.
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