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.

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