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Qatar economy proved resilience to siege

DOHA: Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim Al Thani said yesterday that the Qatari economy has proved its strength and robustness in facing the challenges of the unjust siege imposed on Qatar. “The economy also proved its capability to handle and overcome all the effects of the siege with the support of the systematic economical ... Read More »

BAE Systems unveils its design for 31 frigate for export

DOHA:  For the first time ever, British company BAE Systems launched its proposed design for the Type 31e (e for export) frigate competition outside the United Kingdom. The Type 31e frigate contender made its international debut at the Doha International Maritime Defence Exhibition and Conference held earlier this week, coinciding with the release of the pre-qualification questionnaire for the program’s competitive ... Read More »

Qatar plans for spending restraint small fiscal surpluses in 2018-2022

DOHA: Qatar’s government will restrain current spending to achieve small budget surpluses and transfer less money to its sovereign wealth fund in coming years if oil and gas prices do not rise, according to the country’s new five-year development plan. The National Development Strategy for 2018-2022, released by Prime Minister Sheikh Abdullah bin Nasser al-Thani on Wednesday, calls for the ... Read More »

Qatar launches new five-year development plan in face of blockade

DOHA: Qatar has launched a five-year development plan that focuses on making the Gulf nation more self-reliant in the face of a boycott by other countries in the region. The National Development Strategy for 2018-2022, unveiled on Wednesday, pledges to “rationalise energy consumption and encourage development of renewable energy while raising self-sufficiency levels for farming and fishing production.” The 333-page plan, released ... Read More »

Qatar emerges as third largest investor in Jordan

DOHA: Qatar and Jordan bilateral cooperation in the field of trade and investment is robust and growing fast. With the combined investment of over $2bn (QR7.28bn), Qatar has emerged as the third largest investor in the Hashemite Kingdom, said a prominent Jordanian businessman. are working on several areas to enhance bilateral cooperation. The private sector usually avoids talking about something ... Read More »

Qatar Jordan trade volume to see sharp jump

DOHA: Qatar-Jordan bilateral trade volume is expected to witness sharp jump this year, which may even double in coming years, top Qatari and Jordanian private industry representatives said yesterday. Senior officials from government and private sector from both the nations are working closely to cement economic ties and establishing joint ventures to boost bilateral cooperation in a wide range of ... Read More »

Qatar to become self-sufficient in dairy products

DOHA: Qatari market is expected to become self sufficient in dairy products till the Muslim holy month of Ramadan, in about two months. Speaking to Anadolu Agency, Moutaz al-Khayyat, chairman to the board of directors for Baladna, said the company will fulfill demands of the local market. The move comes as part of efforts of the Gulf state to overcome ... Read More »

South Korea posts 6th fastest export growth

SEOUL: South Korea’s export growth rate ranked No. 6 among Group of 20 nations last year, while its imports rose at the fourth-fastest clip, a report showed Sunday. According to the Organization for Economic Cooperation and Development, Asia’s fourth-largest economy shipped out $574 billion worth of goods, a gain of 16% on-year. This is some six percentage points higher than ... Read More »

Qatar & Morocco to explore investment opportunities

DOHA: Qatar and Morocco signed the minutes of the study on projects, and development and investment opportunities in Morocco. The minutes include a study on investment and development projects in fraternal Morocco in the fields of development of southern Moroccan provinces; the reduction of social disparities; and public investment in roads, education, health, water, electricity and ports. Al Ansari said ... Read More »

Qatar’s 2017 trade surplus jumps 49% 136.83bn

DOHA: Qatar’s trade surplus expanded about 28% year-on-year to QR35.83bn in the fourth quarter (Q4) of 2017 as exports grew faster than imports, according to the official figures. The country’s trade surplus for the entire 2017 saw a 49% year-on-year growth to QR136.83bn as exports witnessed double-digit growth, while imports were on the decline, the Ministry of Development Planning and ... Read More »

Qatar’s economy overcomes regional global challenges

DOHA: Qatar’s economy has been able to overcome various regional and global challenges through the implementation of a strong strategy to diversify sources of income and support the private sector to be an active partner in achieving sustainable development, HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani has said. The observation was made on ... Read More »

Qatari investors keen in importing mineral water

DOHA: Qatari investors have expressed interest in importing mineral water from Nepal besides financing production plants. A group of potential financiers have launched feasibility studies to establish factories at a number of locations in Nepal. Nepali Ambassador to Qatar Ramesh Prasad Koirala told the Post that a number of entrepreneurs from Qatar were keen to invest in Nepal to produce ... Read More »

Qatar GDP growth seen at 2.6pc in 2018

DOHA: Qatar’s GDP growth is expected to grow at 2.6  per cent in 2018, said the International Monetary Fund (IMF), noting that the country’s medium-term macro-financial outlook will remain broadly favourable.While the implementation of the public investment program and the ease in the pace of fiscal consolidation would help support growth, the continuation of the diplomatic tensions could weigh on ... Read More »

Qatari real estate sector steady and consistent despite siege

DOHA: Construction works maintained its pace and was not affected by ramifications of the siege despite closure of sea, air, and land ports. It quickly overcame the crisis that threatened the flow of real estate sector imports, including raw materials and other related items.” “Since the early days of the siege, the construction sector received greater attention from decision makers ... Read More »

Qatar’s fiscal deficit expected to narrow on hydrocarbon gains

DOHA: Qatar’s fiscal deficit is expected to gradually narrow over the coming quarters on substantial gains in hydrocarbon revenues, according to BMI, a Fitch company. However, the government will continue to cover its budget shortfalls through debt issuance, but faces little risk of any credit event, given a still-low debt-to-GDP (gross domestic product) ratio and As the government continues to ... Read More »

Qatar’s trade surplus jumps by 52.2% in January

DOHA: Qatar’s trade surplus witnessed a sharp jump year-on-year in January 2018, reflecting upon the fact that Qatar has successfully defused the impact of the ongoing blockade. The foreign merchandise trade balance, which represents the difference between total exports and imports, in the first month of this year showed a surplus of QR16.4bn, registering a remarkable increase of about QR ... Read More »

Higher oil prices LNG investments to see Qatar’s growth rising

DOHA: Qatar’s growth is set to rise on higher oil prices, eased fiscal constraints and investments in LNG production, QNB has said in its latest ‘Qatar Economic Insight’. The country’s real GDP is expected to rise to 2.5% this year and 3.4% in 2019 before slowing slightly to 3.3% in 2020 as higher oil prices lead to relaxed fiscal constraints ... Read More »

Rating agencies eye Qatar growth

DOHA: Qatar’s steady economic performance has got further endorsement from the international rating agencies, which expect the government’s infrastructure plan to underpin economic activities in the country. The ratings affirmation, according to S&P, reflects its expectation that the authorities will continue to actively manage the downside impact of the blockade while preserving Qatar’s core rating strengths, including strong public finances. ... Read More »

Qatar could partner with companies having Chinese buyer ties

DOHA: Qatar which is planning to build three new liquefied natural gas (LNG) trains to target the tighter LNG market expected in the mid-2020s, could rather look to partner with companies that have strong existing relationships with Chinese buyers to bolster its position in this market, according to BMI, a Fitch company. The expansion offers substantial opportunities for oil majors ... Read More »

Pickup in Qatar private consumption public spend and exports

DOHA: A pickup in private consumption, public spending, and exports has helped Qatar fast dissipate shocks from the economic blockade, according to Washington-based Institute of International Finance (IIF).Qatar’s economy has remained resilient to the blockade, which, however, has had a silver lining, motivating deeper trade and diplomatic ties with several partners beyond their immediate geographical neighbourhood, which could pay long-term ... Read More »