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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
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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