Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatari exports to UK decline by 23 percent  Join our daily free Newsletter

MENAFN - The Peninsula - 17/06/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) The value of Qatari exports to the UK has declined by 23 percent from QR27.45bn (4.8bn) in 2011 to QR21.16bn (3.7bn) in 2012, statistics provided by the British Embassy in Qatar said.

Where as, the value of UK goods exports to Qatar rose from QR2.07bn (363m) in 2005 to QR7.5bn (1.3bn) in 2012, up 16 percent compared to QR6.52bn (1.14bn) in 2011.

Notably, Qatar's investments (government funded) in the UK has reached to QR125bn (22bn), according to the figures provided by the embassy.

With the given trade figures, Qatar has become the UK's third largest export market in the Gulf after the UAE and Saudi Arabia.

In 2011, the UK exported services to the value of QR3.25bn (569m) (latest figures available), an increase of 10.7 percent on 2010. The UK imported services from Qatar to the value of QR617m (108m) in 2011. In 2011 combined value of UK's exports (goods and services) to Qatar were worth QR9.72bn (1.7bn).

Some of the major UK's investments in Qatar include Shell, the Anglo-Dutch oil giant, which is the largest foreign investor in Qatar, followed by Vodafone.

In addition, UK businesses have a significant presence in the financial, business and legal services sector such as Barclays, Clyde & Co, Ernst & Young, Eversheds, HSBC, KPMG, PwC, RBS, Coutts, SNR Denton, Simmons & Simmons and Standard Chartered.

In the field of science and technology, Qatar Science & Technology Park (QSTP) has a number of important collaborations with UK companies and institutions such as Imperial College London, Williams F1, Sheffield University, Virgin Health Bank, Rolls Royce and Shell.

In education sector, visibilities of British academic institutes are growing very rapidly. Sherborne School opened its doors in September 2009 as part of Qatar's Outstanding Schools Initiative. University College of London has a campus in Education City, the first British university to do so.

Among other important UK investors in Qatar include major companies in security, construction, education, retail, energy and transport infrastructure.

Qatar has invested about QR125bn (22bn) in the UK that include stakes in Sainsbury, BAA, London Stock Exchange, Barclays, the US Embassy building in Grosvenor Square and the Shard of Glass development in the City of London. There are also plans for a further 10-15bn (QR57bn-QR85bn) worth of investment.

In 2011 Qatar invested in the Olympic Park (purchasing the Athletes Village) and the Shell Centre in London. Qatari Diar, the real estate arm of the Qatar Investment Authority, opened a London office in 2010.

Among the recently singed agreements Qatar-UK Memorandum of Understanding for Cooperation between the Public Prosecution of the State of Qatar and the Government of the United Kingdom is very important. The MoU was signed in December 2012.

Both the countries also signed a Double Taxation Agreement in June 2009 which came into force on January 1, 2011.

 


The Peninsula




  MENA News Headlines
 Nov 23 2014 - Qatar- Saudi Deputy FM Receives Copy of Credentials of Qatar's AmbassadorQatar News Agency
(MENAFN - QNA) Saudi Deputy Minister of Foreign Affairs Prince Abdulaziz bin Abdullah bin Abdulaziz Al-Saud received a copy of credentials of HE Sheikh Abdullah bin Thamer Al-Thani as Qatar's ...

 Nov 23 2014 - Qatar- HE Prime Minister Holds Talks with Algerian CounterpartQatar News Agency
(MENAFN - QNA) HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani and HE the Prime Minister of Algeria Abdelmalik Sellal on Sunday co-chaired the 5th ...

 Nov 23 2014 - Qatar Takes Part in 31st Meetings for GCC Labor and Social Affairs MinistersQatar News Agency
(MENAFN - QNA) Qatar will take part in the 31st meetings for GCC Ministers of Labor and Social Affairs which will be held from 24 to 25 November in Kuwait. HE the Minister of Labor and Social ...

 Nov 23 2014 - Kuwait- Parliament Speaker Meets Tajik FMQatar News Agency
(MENAFN - QNA) Kuwaiti National Assembly Speaker Marzouq Ali Al-Ghanem met here on Sunday the visiting Minister of Foreign Affairs of the Republic of Tajikistan, Sirodjidin Aslov. Talks between ...

 Nov 23 2014 - OPEC won't cut production ceiling say Kuwaiti expertsArab Times
(MENAFN - Arab Times) KUWAIT Nov 22 (KUNA): The Organization of Petroleum Exporting Countries (OPEC) will not likely lower oil production ceiling in its upcoming Nov 27 meeting two Kuwait oil experts ...

 Nov 23 2014 - KFH unit Kuveyt Turk wins awardArab Times
(MENAFN - Arab Times) ISTANBUL Nov 18 (Agencies): Kuveyt Turk won GFC Global Financial Conferences' Bonds & Loans Award for Islamic Capital Markets Deal of the Year at Esma Sultan Palace last ...

 Nov 23 2014 - Qatar- HH the Emir Meets Uruguay AmbassadorQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani met today at his Emiri Diwan Office with Ambassador of the Republic of Uruguay Jose Luis Remedi whose term of office has expired At the ...

 Nov 23 2014 - Somalia's Culture Minister Meets Charge D'affaires of Qatar's EmbassyQatar News Agency
(MENAFN - QNA) Somalia's Minister of Culture and Higher Education Duale Adam Mohammed conferred with Charge D'affaires of Qatar's Embassy in Somalia Hasan bin Hamza Asad Mohamed. The meeting ...

 Nov 23 2014 - Qatar- Foreign Minister's Assistant Meets Vietnamese CounterpartQatar News Agency
(MENAFN - QNA) HE the Foreign Minister's Assistant for Foreign Affairs met here on Sunday with Vietnamese Deputy Foreign Minister Pham Quang Vinh. The meeting dealt with bilateral ties and means to ...

 Nov 23 2014 - Law protects 'expatriates'Arab Times
(MENAFN - Arab Times) KUWAIT CITY Nov 21 (KUNA): Director- General of the Public Authority for Manpower Jamal Al-Dosary on Thursday reaffirmed commitment of the authority to protect expatriate ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help