Globe

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
NEWS

04 Aug 2026

BBK brings faster, more secure verification to BBK Business with eKey 2.0
NEWS

29 Jul 2026

BBK discloses its financial results for the half year ended 30th June 2026
NEWS

14 Jul 2026

BBK upgrades its digital Corporate Banking Platform “BBK BanKey”
NEWS

14 Jul 2026

BBK and Zayani Motors introduce an exclusive offer for credit cardholders
NEWS

14 Jul 2026

BBK and Euro Motors launch “Get the car now, start paying in 2027” campaign
NEWS

09 Jul 2026

BBK and ARRAY Innovation to pilot Google Cloud Universal Ledger in core banking
NEWS

07 Jul 2026

BBK launches eKey 2.0 on BBK Mobile
NEWS

14 Jun 2026

BBK announces the winner of the BD100,000 Al Hayrat April Prize
NEWS

14 Jun 2026

BBK supports Bahraini champion Tariq Soofi in his international karting journey
NEWS

02 Jun 2026

BBK releases 2025 Sustainability Report, reinforcing its leadership in governance, sustainable finance and community impact
NEWS

01 Jun 2026

BBK and Adamas Motors launch exclusive ROX Car Finance offer
NEWS

01 Jun 2026

BBK launches “AuditX – Expanding Horizons” to advance cross-functional learning and enhance employee development
NEWS

01 Jun 2026

BBK launches “Renewal of Loyalty and Allegiance” initiative in tribute to the Kingdom of Bahrain’s leadership and national unity
NEWS

20 May 2026

BBK partners with Tanami to enhance Wealth Management solutions and expand access to global private markets
NEWS

19 May 2026

BBK hosts “Lamea” national project introductory session to encourage employee participation
NEWS, FINANCIAL NEWS

14 May 2026

BBK discloses its financial results for the first quarter ended 31st March 202

This website uses cookies to ensure you get the best experience. By clicking “Accept All”, you consent to the use of cookies. “Review Settings” lets you manage your preferences

Review Settings