Qatar withdraws $20 bln from its sovereign wealth fund to save its economy

Thursday, 19 October 2017

Qatar has said it has withdrawn $20 bln of its overseas investments owned by its sovereign wealth fund and brought them onshore to rescue its economy, which has been in a stalemate since several Arab states boycotted Doha over its support for regional terror groups. Qatar’s Finance Minister Ali Shareef al-Emadi told the Financial Times that Qatar Investment Authority deposits were being used to create a “buffer” and provide liquidity in the banking system after the gas-rich ...

Qatar’s stock market heads for tenth straight losing session

Sunday, 17 September 2017

Qatar’s stock market headed for its tenth straight losing session on Sunday as the country’s index slipped 0.5 percent with Doha Bank dropping 2.6 percent.On Friday, Qatari Emir Sheikh Tamim bin Hamad al-Thani said Qatar was ready to sit at the negotiating table to try to end a dispute with its Gulf Arab neighbors. But in the absence of a response from the Anti-Terror Quartet boycotting Qatar, investors did not take the remarks as a sign that the dispute was moving closer to ...

The numbers that prove the dire situation of Qatar’s economy

Wednesday, 6 September 2017

Three months after the Gulf crisis broke out, Qatari Emir Sheikh Tamim decided to green-light the the largest commercial port in the country, named Hamad Port, pushing its official opening date to Monday. Since June, political ties between Qatar and the four boycotting Arab states - Saudi Arabia, Bahrain, the UAE and Egypt - have not changed much, but the maneuvering of the crisis has. As Qatar's media machine mobilized to highlight the country’s economic strength in overcoming the crisis, ...

IMF: Qatar non-oil growth to shrink by 1 percent

Thursday, 31 August 2017

The International Monetary Fund said Wednesday that transportation and food costs in Qatar have "edged up" due to a diplomatic rift that led four Arab countries to cut ties with Doha. An IMF team visited the capital, Doha, this week, saying in a statement that some costs have gone up as a result of delays caused by rerouting trade. Non-oil growth is projected to shrink by 1 percent to 4.6 percent this year. The IMF said that the impact was mitigated by liquidity injections by the Qatar ...

Foreign deposits in Qatar’s banks fell the most in two years

Thursday, 27 July 2017

Non-resident deposits with the 18 lenders in Qatar dropped 7.6 percent to $47 billion (170.6 billion riyals) in June from a month earlier, according to its central bank. The bank released the data on Wednesday showing that foreign deposits at Qatar’s banks fell the most in almost two years, after customers withdrew funds. In addition, Bloomberg said that contracts used to speculate on the country’s exchange rate in the next 12 months jumped the most in a month on a closing basis. ...

Qatar prioritizing health, education, transport projects

Sunday, 22 March 2015

A financial system law issued by the emir earlier this month gives the finance ministry more authority to prioritize development projects

Qatar approves record $62bn budget

Sunday, 30 March 2014

The gas-rich state expects an economic growth of 6 percent in 2014

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