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FINANCIAL NEWS
Qatar secures USD12b sovereign debt
29 Aug 2016
(MENAFN) Qatar economy is cooling down to a steadier increase, which slowed to 1.1 percent in the first quarter of this year due to a reduction in oil output.
Moreover, inflation increased to 2.7 percent in July on account of higher transport costs, but housing oversupply topped rent rises.
However, the fiscal surplus dropped to 1.2 percent of GDP last year as profits were hit by lower oil and gas prices.
In addition, around USD12bn worth of sovereign debt has been issued this year, involving USD9bn denominated bond in May.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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