business Archives

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…

2 min

Foreign ownership rules loosened as Qatar opens up to global investors

Qatar will introduce a new law that will allow residents and non-residents to own residential units and mall shops, allowing more foreign property ownership in the country. Non-Qataris will soon…

2 min

QU launches 8th edition of ‘Innovation & Entrepreneurship’ contest

In an effort to encourage innovation among young people and support new business ideas, Qatar University (QU) has launched the eighth edition of its ‘Innovation & Entrepreneurship’ contest for the…

1 min

Qatar Airways gets QAR 7.3 billion government lifeline in response to losses

Qatar Airways has received QAR 7.3 billion in government aid to help the national carrier through what has been the most difficult period for the aviation industry. The airline had…

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