Backed by the government’s diversification efforts, Qatar’s industrial sector is steadily forging ahead amid the ongoing economic blockade imposed by the Gulf neighbours in June 2017, according to a recent report.
Non-resident deposits within Qatar’s commercial banks witnessed a robust 35% year-on-year expansion in May 2019
Qatar’s external and fiscal balances are expected to show marked improvement this year despite the ongoing economic blockade and growing emerging market stress, according to a US-based economic think-tank.
HE the Minister of State Hamad bin Abdulaziz al-Kuwari said: “The government, every citizen, and everyone living in Qatar worked very hard and they succeeded in proving the unity of Qatar in facing the blockade.”
German ambassador Hans-Udo Muzel said that Qatar “has taken the right decision” to assess the situation and to recalibrate business interests and by finding new markets.
Despite the economic blockade imposed in June last year, international markets have kept an upbeat outlook on Qatar’s construction sector, which will be under the spotlight during the annual Project Qatar slated from May 7 to 10 at the Doha Exhibition and Convention Centre.
South Africa has recorded a sharp increase in its food exports to Qatar after the economic blockade imposed on the country in June 2017, according to ambassador Faizel Moosa.
Qatar Rail’s prompt and decisive reaction to the illegal economic blockade imposed on Qatar since June 5, 2017 helped the company “successfully mitigate” its impact and overcome challenges ...
The illegal economic blockade on Qatar continues to augment and provide more opportunities for home-based entrepreneurs in the country to promote and market their products, it is learnt.
QP president and chief executive Saad Sherida al-Kaabi held talks with senior executives of major Japanese energy companies on enhancing existing relations and cooperation.
Operations at Hamad Port has helped bring down shipping costs by 31% despite an economic blockade imposed on Qatar by three of its Gulf neighbours, SAK Holding Group has said in its monthly real estate report.
Following the June 5 economic blockade, Qatari entrepreneurs are now changing the dynamics of running home-based businesses, an official said.