business Archives

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…

2 min

Business

Number of Qatar real estate deals up 40% in September

Recovering from months of partial lockdown, the number of real estate deals has recorded a 40% increase in September compared to August of this year, reaching a total of 696,…

2 min

Qatar books 7.2m tonne LNG storage in 25-year UK deal

The Gulf country is set to export liquified natural gas (LNG) to the UK, where it will be kept in Europe’s largest storage facility. Qatar Petroleum [QP] reserved a storage…

3 min

Qatar’s economy continues to recover as stock market sees a 21% surge

Qatar Stock Exchange has marked a huge turnaround since March, witnessing a rise of 21 percent— one of the highest growths in the region. After the country’s QE index has…

2 min

Qatar’s GDP to hit $208bn by 2024

Research predicts a rise Qatar’s Gross Domestic Product (GDP), a leading economic indicator, over the next four years for Qatar Qatar’s GDP may scale up to $208bn in 2024 from…

2 min

Fitch: Qatar to repay $20bn in debt by 2021

Fitch, a leading provider of credit rating, reported that Qatar intends to repay $20bn in debt by 2021, including more than $10bn this year, as part of a plan to…

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