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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 Board of Trustees will support Qatar Museums’ efforts to protect and manage Qatar’s cultural heritage, ensuring Qatar’s global position as an institution recognised for supporting the local creative economy and showcasing creative talent from the region and the world.
After the previous war, people asked us to come and take the rubble because it was a burden ... Read More ... The cost of rebuilding Gaza would be about $500 million, said a Ministry of Economy official said. But differences between mediators Egypt, Qatar and the UN to create a new mechanism for the reconstruction, similar to 2014, have delayed the funds ... .
The country's gross domestic product also shrank 3% in the first quarter, slightly less than official estimates and compared with a 1% contraction last year, as a sharp fall in the oil sector pulled back the economy, data showed ... In Qatar, the index (.QSI) edged up 0.1%, with Qatar Islamic Bank (QISB.QA) gaining 0.5%.
This week, the Venezuelan State carrier, Conviasa, operated a one-of-a-kind flight between Caracas and Doha, Qatar using an Airbus A340... Conviasa landed this week in Doha, Qatar ... “We have a great interest in the launch of a route Qatar-Venezuela; it will help to incentive the economy and tourism among both countries.”.
The region can particularly benefit from the expected surge of travel demand once the rest of the world opens up, the report noted, with major global events set to happen in Dubai and Qatar. “The outlook for most Middle Eastern economies looks positive this quarter, but keeping ...
Before the regional tensions, QatarNational Bank's (QNB) 40 per cent shareholding in CBI allowed the two banks to participate in syndicated transactions, providing the bank with a competitive advantage compared with other small banks in the UAE...The restoration of diplomatic ties between Qatar and the UAE could boost CBI.
The state of Qatar is going through a significant stage in its overall development by means ... I point out here that the development projects in the State of Qatar provide great opportunities for foreign companies to increase their participation in Qatar's economy in various sectors.
Finnair is expecting to launch its new premium economy in the next years, according to the airline’s CEO, Topi Manner ... While late, Finnair is still looking to introduce a premium economy cabin ... While Qatar remains adamant that it won’t introduce premium economy, its rival Emirates was finally swayed late last year.
PETERSBURG (PakistanPointNews / Sputnik - 07th June, 2021) putnik), Jonathan Rowson - The economies of both Qatar and Russia have shown an ability to withstand external shocks and pressures in order to ensure stability for foreign investors, ST ... We believe Qatar's economy is highly resilient.
Also, there is the Russia-Qatar Investment and Trade Advisory, which operates under the embassy, which was developed to help ease Russian investors' access to the local economy and to facilitate their investment activities," the IPACEO said on the sidelines of the St.
Participating in a discussion via videoconference on Friday, His Highness the AmirSheikh Tamim bin Hamad al-Thani pointed out that Qatar, one of the largest foreign investors in Russia, with diversified investments amounting to more than $13bn, is looking forward to doubling them in the future and expressed confidence in the Russian economy.