Please tell us which country and city you'd like to see the weather in.
back to playlist
Economy of Qatar
Petroleum and liquefied natural gas are the cornerstones of Qatar's economy and account for more than 70% of total government revenue, more than 60% of gross domestic product, and roughly 85% of export earnings. Proved oil reserves of 15 billion barrels (588,000,000 m3) should ensure continued output at current levels for 23 years. Oil has given Qatar a per capita GDP that ranks among the highest in the world. Qatar's proved reserves of natural gas exceed 7000km3, more than 5% of the world total and the third-largest reserves of any country in the world. Production and export of natural gas are becoming increasingly important. Long-term goals include the development of off-shore petroleum and the diversification of the economy.
Qatar is now the richest country in the world. Current GDP per capita registered a world record-breaking peak growth of 1,156% in the 70s. This became quickly unsustainable and Qatar's current GDP per capita contracted 53% in the 80s. But rising global oil demand helped current GDP per capita to expand 94% in the 90s. Diversification is still a long-term issue for this over-exposed economy.
Qatar (/ˈkæˌtɑːr/,i/ˈkɑːtɑːr/, /ˈkɑːtər/ or i/kəˈtɑːr/;Arabic:قطرQaṭar[ˈqɑtˤɑr]; local vernacular pronunciation: [ɡɪtˤɑr]), officially the State of Qatar (Arabic:دولة قطرDawlat Qaṭar), is a sovereigncountry located in Southwest Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf. A strait in the Persian Gulf separates Qatar from the nearby island of Bahrain, as well as sharing sea borders with the United Arab Emirates and Iran.
A television viewing audience of 484 million in 80 countries across the Asia-Pacific region, Europe, North America and North Africa witnessed Japan defeat Australia 1–0 in the final.
Qatar, India and Iran all lodged interest in hosting the 2011 AFC Asian Cup, while Australia also considered making a late bid. Qatar officially submitted their bid on 19 June 2006, while India withdrew their interest and Iran failed to submit proper documentation for their bid on time.
Qatar was announced as host nation on 29 July 2007, during the 2007 AFC Asian Cup in Jakarta, Indonesia. Due to FIFA regulations stating that confederation events can be hosted either in January or July, and July being peak summer heat in the Middle East, it was also announced that the tournament would be held in January of that year.
The various rulers are looking for ways to improve their economies and deal with radical Islamic worldviews, primarily promoted by Qatar and Turkey... To view Israel as a reliable partner that can help strengthen the economy, supply cutting-edge technology, and deter Iran’s aggression ... This would make Turkey a critical country for Israel’s economy.
Housing was the second-biggest contributor to a June inflation rate of 5.4% in Qatar, where costs are climbing faster than in any other Gulf Arab state...FIFA moves World Cup start in Qatar up 1 day to November 20 ... And beyond the World Cup, the future of Qatar’s economy outside oil and gas is uncertain.Advertisement ... 2022 FIFA World Cup Qatar.
Despite the urgent need to diversify the oil-dependent economy, oil still represents more than 90 percent of exports, making the country extremely vulnerable to shaky international oil prices. Lourenço sought to forge ties with new partners like the United States, Turkey, the United Arab Emirates (UAE), Germany and Qatar.
RIYADH ...The African country needs to urgently secure more foreign currency in its $400 billion economy to plug gaping deficits ... Egypt has also secured financing from the Gulf, with Saudi Arabia, the UAE and Qatar pledging more than $22 billion in deposits and investments in the struggling economy ... arabnews. .
German Economy MinisterRobert Habeck said last month Qatar had decided not to make a good offer and that potential importers had procured gas elsewhere for now, Bild am Sonntag reported ... Apart from Qatar and the United States, Australia is also among the world's top LNG exporters.
German Economy MinisterRobert Habeck said last month Qatar had decided not to make a good offer and that potential importers had procured gas elsewhere for now, Bild am Sonntag reported ... Apart from Qatar and the United States, Australia is also among the world’s top LNG exporters.
World Cup host Qatar has tried everything from cruise ships, desert camps and regional shuttle flights to ensure a limited supply of accommodation can meet an expected 1.2 million visitors during the month-long tournament ... And beyond the World Cup, the future of Qatar's economy outside oil and gas is uncertain.
The creator's economy in Qatar has witnessed a significant growth over the last two years with the discovery of several local creators and Arab expats. Snap is building on this progress and sees a clear opportunity to elevate the voices of Qatar's creator ecosystem, amplify their stories and support their continued innovation.
World Cup host Qatar has tried everything from cruise ships, desert camps and regional shuttle flights to ensure a limited supply of accommodation can meet an expected 1.2 million visitors during the month-long tournament ... And beyond the World Cup, the future of Qatar’s economy outside oil and gas is uncertain.
ISLAMABAD, Pakistan – Pakistan on Friday rejected Russia’s offer to supply 120,000 metric tons of wheat at a price of $399.50, according to sources, negotiating further reduction of 2.4% in the rate as the country’s economy continue to falter ...KhanDestroyed Pakistan Economy.
(MENAFN - The Peninsula) Maryam Al Thani As Qatar seeks to grow and diversify its economy through innovation, it must accept that risk is inevitable, and with risk there is the possibility that a ... .