Qatar’s fiscal account will return to surplus this year aided by recovering global oil prices, Economist Intelligence Unit (EIU) has said in an economic update.
Qatar’s fiscal deficit is expected to fall below 1% and narrow to 0.4% of the country’s GDP this year from an estimated 2.3% of GDP in 2020, The Economist Intelligence Unit (EIU) said in its latest update.
A robust regulatory framework and solid capital and liquidity indicators have helped improve the risk position of Qatari banks, the Economist Intelligence Unit said in its latest update.
Qatar’s currency regime is expected to “weather the short-term shocks” posed by the Covid-19 pandemic, although the country’s current account may move into a deficit in 2020, the Economist Intelligence Unit has said in a report.
Qatar’s commercial banks have been increasing liquidity from abroad in the form of a number of debt issues, and cash injections from the Qatar Investment Authority have bolstered banks' liquidity
A majority of banks in the Middle East and Africa (MEA) view that cash will dip below 5% of retail transactions in the region over the next five years against 48% globally
International experts highlighted the challenges in higher education at an online panel hosted Monday by Economist Intelligence Unit (EIU) to discuss a Qatar Foundation-commissioned research report.
Qatar will be able to maintain its current account surplus in 2020-21, Economist Intelligence Unit (EIU) has said and noted QIA's assets provide strong support for the currency peg to the US dollar.
The risk of capital outflows induced by the regional blockade on Qatar has largely subsided with the “recovery of foreign reserves and the return to a current-account surplus” in 2018, according to the Economist Intelligence Unit.
Pricey perennials Tokyo and New York did not even make the top 10 in the annual list by the Economist Intelligence Unit (EIU), beaten out by Paris, Zurich (joint second) Hong Kong (fourth) and Oslo (fifth).
All Gulf Cooperation Council countries peg their currencies to the US dollar, with the exception of Kuwait, which pegs its currency to a basket of currencies of which the US dollar is most dominant.
Qatar's ability to meet its external debt obligations is “not in doubt” as large stocks of foreign reserves at the Qatar Central Bank and even larger assets at the Qatar Investment Authority (the sovereign wealth fund) are sufficient to cover the country's entire stock of external debt, a recent rep