Qatar’s GDP growth to hit 7 percent in 2015

02 Feb 2015

(MENAFN) Qatar’s GDP growth in 2015 is expected to hit 7 percent, with a stable annual inflation rate of 3 percent, the Minister of Finance said, The Peninsula Qatar reported.

He noted that in past years, Qatar has often made very conservative financial policy, saying the oil price in the current budget is USD65 per barrel, he added that Qatar sold oil at an average of USD85 per barrel since the start of the year.

The General Assembly of QNB ratified all items on its agenda, including the proposal to distribute a cash dividend of 75 percent of the nominal share value (representing USD2.05 per share).

QNB Group last year recorded a robust growth in its profitability posting a full-year net profit of USD2.88 billion for 2014, up by 10.3 percent compared to 2013, and total assets increased by 9.7 percent to reach USD133.38 billion.

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