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FINANCIAL NEWS
Qatar account surplus to reach 21.6 percent by 2016
10 Sep 2014
(MENAFN) The current account surplus of Qatar is expected to narrow gradually to 21.6 percent of gross domestic product (GDP) by 2016 due to continued strong import demand, Gulf Times reported.
Import growth are also expected to accelerate due to higher investment spending and consumption, while high crude oil prices are expected to assist in sustaining strong hydrocarbon export receipts.
Meanwhile, the fiscal surplus is expected to narrow as capital spending rises and hydrocarbon revenue falls on lower oil prices. Overall, the projected fiscal surplus of 8.5 percent of GDP in 2014-15 is expected to fall to 5.3 percent in 2016-17.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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