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
 Jan 26 2015 - GCC Secretary General Receives France AmbassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Secretary General of Gulf Cooperation Council (GCC) Dr. Abdullatif bin Rashid Al-Zayani received here today the French Ambassador to the Kingdom of Saudi Arabia, ...

 Jan 26 2015 - Guinean President Arrives in Riyadh to Offer Condolences on Death of Late King AbdullahSaudi Press Agency
(MENAFN - Saudi Press Agency) Guinea's president Alpha Conde arrived here today to offer condolences on the death of late King Abdullah bin Abdulaziz Al Saud. At Riyadh Air Base Airport, Guinean ...

 Jan 26 2015 - Russia's Putin says Kiev refuses political solution to crisis in eastSaudi Press Agency
(MENAFN - Saudi Press Agency) Russian President Vladimir Putin said on Monday that the Kiev government was refusing a political solution to violence in the eastern Ukraine where fighting has flared ...

 Jan 26 2015 - Alexis Tsipras sworn in as Greek prime ministerSaudi Press Agency
(MENAFN - Saudi Press Agency) Athens, Rabi'II 6, 1436, Jan 26, 2015, SPA - Leftist SYRIZA leader Alexis Tsipras is sworn in as Greece's new prime minister, hours after his party's landslide win in ...

 Jan 26 2015 - Côte d'Ivoire's President Arrives in Riyadh to Offer Condolences on Death of Late King AbdullahSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Rabi'II 06, 1436, January 26, 2015, SPA - President of CØ£´te d'Ivoire Alassane Ouattara arrived here today to offer condolences on the death of late King ...

 Jan 26 2015 - FGB announces deal with Dalma EnergyEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 25th January, 2015 (WAM) - FGB looks to maintain strong growth in 2015 having already closed a USD 313.7 million secured syndication facility on ...

 Jan 26 2015 - Dubai Islamic Bank Group net profit up by 63 per cent to AED 2.8 billion in 2014Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 25th January, 2015 (WAM)-Dubai Islamic Bank (DFM: DIB), today announced that its net profit surged by 63 per cent to AED 2.80 billion, up 63 per cent in ...

 Jan 26 2015 - FCCI organises first Serbian Business and Investment ForumEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 25th January 2015 (WAM) -- Federation of UAE Chambers of Commerce and Industry (FCCI) on Sunday organised the First Serbian Business and Investment ...

 Jan 26 2015 - DAE, Azul announce completion of Sale Leaseback TransactionsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 26th January, 2015 (WAM) - Dubai Aerospace Enterprise, DAE, and Azul Brazilian Airlines, today announced that they had recently completed delivery of 5 ...

 Jan 26 2015 - OPEC daily basket price for Friday 23rd January 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) VIENNA, 26th January, 2015 (WAM) - The price of OPEC's basket of twelve crudes stood at US$ 43.69 dollars a barrel on Friday, compared with $43.05 the previous ...

more...


 






Google

Electronic & Mobile Payment

 
 

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