qatar economy Archives

1 min

ExxonMobil invests $30bn in Qatar’s gas sector amid long-term partnership

Senior Vice President Peter Clarke outlined ExxonMobil’s decades-long, multi-billion-dollar commitment to Qatar’s gas infrastructure and revealed future expansion plans. ExxonMobil has poured almost $30 billion US dollars into Qatar’s gas…

3 min

Qatar stands apart from MENA countries with steady food inflation: World Bank

The report states that Qatar’s food inflation has been at a comparatively low figure of -0.01% as the MENA region struggles with high food prices. The World Bank, IMF and…

3 min

Qatar’s budget surplus exceeds expectations at $5.4bn in Q1

The World Bank described Qatar’s estimated economic growth as one of the best rates in the region. Qatar’s budget surplus for the first quarter (Q1) of 2023 hit QAR 19.7…

3 min

Qatar to lead GCC economic growth in 2023: World Bank

The Gulf state’s budget surplus hit QAR 19.7 billion ($5.4 billion) during Q1 of this year. Qatar’s economy is forecasted to lead the Gulf region’s economic growth this year at…

3 min

Qatar unbothered by oil prices as non-hydrocarbon sector grows: minister

The official also tapped into investments in Egypt and UBS. Qatar’s economy is unlikely to be impacted by changes in global oil prices due to growth from its non-hydrocarbon sector,…

3 min

GCC ‘outperforming’ advanced economies, says Qatari finance minister

Qatar’s FDI this year, the report said Doha’s FDI recorded a 70% annual growth between 2019 and 2022. The Gulf Cooperation Council (GCC) is “outperforming many advanced economies” due to…

3 min

PM calls for ‘global cooperation’ as annual Qatar Economic Forum kicks off

Qatar achieved a 9.9% growth in non-oil profits and 4.8% in the oil sector in the first quarter of 2022 alone. International cooperation is key to addressing critical issues striking…

2 min

Qatari official calls for global solidarity with Palestine at Delphi Economic Forum

The 8th Delphi Economic Forum is taking place in the ancient town of Delphi, central Greece, from April 26 to 29. Qatar’s Minister of State for Foreign Affairs expressed that…

2 min

Qatar’s Milaha reports QAR 363 million profit in first quarter of 2023

The Qatari company’s projects include shipbuilding, trading firms, real estate investments, asset management among others. Qatar Navigation (Milaha) recorded QAR 363 million profit in the first quarter of 2023, marking…

qatar economy