business Archives

3 min

Almost 5,000 hotel rooms to be added before the FIFA World Cup

There have been growing concerns over accommodation prices and its availability in the country. Hotels in Qatar are expected to add around 5,000 rooms before the start of the FIFA 2022 World…

2 min

Qatar and other central banks in GCC raise interest rates

Qatar’s inflation rate has risen sharply in recent years, owing to the challenges posed by the ongoing global Covid-19 pandemic. The Central Bank of Qatar (QCB) said that its deposit and…

2 min

South Korea and Qatar’s trade exceeds $10bn

Relations between Qatar and Korea have been steadily improving since their establishment in 1974. The amount of trade between Qatar and South Korea exceeded $10 billion in 2021. In an…

3 min

Qatar among top countries for entrepreneurs

Have you thought about starting a business this year? So did the majority of Qatar’s population according to a new report. Qatar has made it among the top 10 countries…

2 min

Qatar plans to boost its ‘$450bn sovereign wealth fund’

Qatar Investment Authority is the world’s ninth largest sovereign wealth fund, standing at $450 billion. Qatar is mulling a proposal to expand its $450 billion sovereign wealth fund, according to…

2 min

Qatar-Saudi Arabia establish joint business council

Last year, commerce between Saudi Arabia and Qatar totalled 2.7 bn QAR, down from 8.3 bn in 2016 pre-blockade. The complete formation of the Saudi-Qatari Business Council has been officially…

2 min

Business

Inflation rate in Qatar records 4% rise

Qatar’s inflation rate has risen dramatically in recent years, primarily due to the economic challenges posed by the global pandemic. The consumer price index (CPI), which monitors inflation in Qatar, grew by…

2 min

Business

Cabinet steps towards establishing Qatar ‘global standards’

Qatar is set to adopt international standards as Qatari standards, after the first draft decision of the Minister of Commerce and Industry was approved by the Cabinet. Qatar’s Cabinet on…

2 min

Qatar’s GDP drops to lowest since 2012 due to pandemic: report

The second quarter of the country’s GDP witnessed its lowest drop since eight years, according to a report. Qatar’s GDP saw an estimated 6.1 percent drop in the April-to-June period…

business