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FINANCIAL NEWS
Qatar’s growth grows sharply at USD35.6b
03 Dec 2016
(MENAFN) NBK had reported that Qatar”s total growth accelerated to 2% year-on-year in 2016, and the country”s non-hydrocarbon sector activity cooled as manufacturing contracted, also gas production is being augmented by the launch of the Barzan facility in 2016.
Accordingly, Inflation went down slightly to 2.2% year-on-year in October while housing and utilities costs continue to ease, and real estate prices dropped by 11% year-on-year in September, affected by a surfeit of housing units and moderating demand.
However, the fiscal deficit widened to USD4.2bn (-11.2 percent of GDP) in 2016 as expenditure growth outpaced revenue growth, and public debt is rising as the authorities issue more bonds for fiscal financing and T-bills for liquidity management.
More News
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
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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