Qatar Declares Bank Holiday On Tuesday

The emir of Qatar is to hand over power to his son the Crown Prince on Tuesday.

Qatar’s central bank and securities exchange have said Tuesday will be an official holiday for banks, other financial institutions and the stock market in the country.

The emir of Qatar told his family on Monday that he would hand power to his son, al Jazeera reported. The royal court said the emir would make a public address at 8 a.m. (0500 GMT).