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Qatar Bank No. 1 Supplanting Singapore as Canada Slips

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The tiny Persian Gulf nation of Qatar controls vast gas and oil deposits that feed billions of dollars annually into the state Treasury. Its petroleum riches make it the wealthiest nation per capita in the world, according to the International Monetary Fund.

While other countries have been struggling to stay out of recession, Qatar averaged 13 percent annual growth during the five years through 2012, Bloomberg Markets will report in its June issue.