qatar gdp growth expected to remain near 64 in 2014
Last Updated : GMT 13:26:10
Arab Today, arab today
Arab Today, arab today

Qatar GDP growth expected to remain near 6.4% in 2014

Arab Today, arab today

Arab Today, arab today Qatar GDP growth expected to remain near 6.4% in 2014

Qatar
Kuwait - KUNA

Qatar's GDP growth is likely to remain near 6.4 percent this year, increasing to 7 percent in 2015, the weekly report of the National Bank of Kuwait (NBK) said on Wednesday.
This is due to a combination of accelerating infrastructure spending, including on preparations for the World Cup 2022, expansion in the services sector as well as output gains from the completion of the Barzan gas production facility by the end of next year.
Having attained maximum LNG capacity of 77 million tonnes per annum (mtpa) in 2011 Qatar's LNG output has reached a plateau, the report said.
With a moratorium in place on further gas extraction projects in Qatar's giant North Field and conservative management of Qatar's aging oil fields, both LNG and crude oil production are not expected to contribute to economic growth over the next two years; hydrocarbon sector real growth has slowed from a high of 28.9 percent in 2010 to 0.1 percent n 2013.
According to the NBK report, the focus of economic growth has since shifted to the non-hydrocarbon sector and especially to execution by the government of the country's ambitious public investment program as articulated in Qatar's National Vision 2030.
Headline inflation increased by 3.4 percent in May, due largely to rising rental prices and costs in the transportation and communications categories. Rents, which comprise 32 percent of Qatar's CPI basket, have been rising-by almost 7 percent year-on-year in May, due to tight conditions in the residential market. Limited residential housing and burgeoning expatriate inflows-Qatar's population grew by 10.7 percent year-on-year in May-are the main reasons. Also, an increase in retail diesel prices by 50 percent helped push inflation in the transportation sector to 2.6 percent year-on-year.
As for the budget, surplus is forecast to narrow from 10.5 percent GDP in 2013 to 8.8 percent and 6.2 percent GDP in 2014 and 2015, respectively.
The NBK report said that credit growth in Qatar has been slowing over the last two years in line with a slowdown in loan demand by the public sector. Credit growth fell to 12.6 percent year-on-year in April, its slowest rate in 3 years. Public sector credit growth dropped to 9.7 percent year-on-year; the requirement for government entities to obtain Ministry of Finance approval for borrowing has also been a contributing factor. Meanwhile, credit to the private sector increased to 14.4 percent year-on-year, spurred on by a boost in lending to the real estate, general trade and consumption sectors especially. Private sector credit growth in 2014 has so far outpaced growth in 2013.

arabstoday
arabstoday

GMT 01:56 2017 Wednesday ,22 November

AED51.4b approved for 2018 Federal Budget

GMT 23:41 2017 Tuesday ,21 November

DFM welcomes delegation from Indonesian Stock Exchange

GMT 23:05 2017 Tuesday ,21 November

We must preserve our national gains

GMT 15:25 2017 Tuesday ,21 November

Ratings boost for Saudi reform program

GMT 11:46 2017 Tuesday ,21 November

S&P affirms Saudi Arabia credit ratings

GMT 23:37 2017 Monday ,20 November

Midfield Terminal Building is 86% complete

GMT 22:55 2017 Monday ,20 November

GCC pavilion to showcase at Expo 2020 Dubai
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

qatar gdp growth expected to remain near 64 in 2014 qatar gdp growth expected to remain near 64 in 2014

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

qatar gdp growth expected to remain near 64 in 2014 qatar gdp growth expected to remain near 64 in 2014

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday