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Economy

Qatar partners Malaysia, Turkey to conquer Islamic finance market

Gas-rich Gulf state aims to escape blockade by diversifying economy

DOHA -- Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from hubs in the three countries using common platforms and technology, as part of efforts by the Gulf emirate to overcome a blockade imposed by its neighbors and diversify its economy away from oil and gas.

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