finance Archives

2 min

Qatar tackles corruption with new ban on cash transactions over QAR 50,000

Qatar has been heavily engaged in efforts to tackle corruption in recent years. The use of cash in transactions exceeding the value of QAR 50,000 is prohibited in selected trading…

2 min

Business

‘Resilient’ Qatar maintains stable outlook despite obstacles, Moody’s says

Moody’s Investors Service, a leading provider of credit ratings, research, and risk analysis, said on Thursday that Qatar’s unsecured debt rating is at Aa3 with a stable outlook, despite COVID-19…

2 min

Business

Qatar’s central bank to gradually reduce Covid-19 economic support measures

Qatar Central Bank will begin the implementation of its reduction strategy for its support packages. Qatar’s Central Bank (QCB) said it will soon gradually start reducing financial support measures that…

2 min

Business

World Cup host Qatar sees 5% rise in expenditure for 2022 fiscal budget

The newly-approved budget amounts to QAR 204.3 billion, up from a previous QAR 194.7. Qatar’s Amir Sheikh Tamim bin Hamad Al-Thani has approved the country’s fiscal budget for the year…

2 min

Qataris online rally to scrap bank debts

Social media users in Qatar have called for the scrapping of debts in the Gulf country. Citizens in Qatar asked for authorities to relieve the debts of families of the…

2 min

Business

Qatar holds €32bn foreign investment stock in European Union

Qatar’s relations with the European Union have strengthened through investment and trade efforts over the past two years. Relations between Qatar and the European Union (EU) have developed positively during…

1 min

Qatar wealth fund holds nearly 5% stake in electric car battery developer Quantumscape Corp

Qatar Investment Authority has disclosed that it holds an almost 5% stake in Quantumscape Corp worth around $446 million. A Securities and Exchange Commission filing from Qatar Investment Authority (QIA)…

3 min

Qatar’s economy ’emerging strong’ post Covid-19 pandemic: PwC

PwC Middle East released the third edition of its bulletin on the Qatari economy, showing its resilience during the Covid-19 pandemic. PwC Middle East’s third edition of its bulletin on…

2 min

Business

Dukhan Bank sells $500 million in Islamic bonds

Qatar’s Dukhan Bank debt sale comes at a time when regional banks have looked to strengthen their primary funding sources. Qatar’s Dukhan Bank has sold $500 million in Additional Tier…

finance