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
 Jul 24 2016 - Two Israeli Reconnaissance Planes Violate Lebanon's AirspaceQatar News Agency
(MENAFN - Qatar News Agency) Beirut, July 23 (QNA) - An Israeli reconnaissance plane has violated the Lebanese airspace above Lebanon's Alma Shaab and flew over Iqlim Kharroub region, as indicated by ...

 Jul 24 2016 - Mass Hunger Strike in Protest of Israel's Detention of PalestiniansQatar News Agency
(MENAFN - Qatar News Agency) Ramallah, July 23 (QNA) - A mass hunger strike across Israeli prisons continued on Saturday in protest of Israel";s detention of Palestinians without charge or trial, ...

 Jul 24 2016 - EU Condemns Kabul AttacksQatar News Agency
(MENAFN - Qatar News Agency) Brussels, July 23 (QNA) -The EU has condemned an attack in Kabul earlier today at a march in which 80 people were killed and over 200 injured. A statement by Maja ...

 Jul 24 2016 - Turkey Forms State of Emergency Coordination CommitteeQatar News Agency
(MENAFN - Qatar News Agency) Ankara, July 24 (QNA) - Turkey has formed a state of emergency coordination committee chaired by Prime Minister Binali Yildirim, according to the Official Gazette. The ...

 Jul 24 2016 - Israeli Army Injures One Palestinian, Arrests Three OthersQatar News Agency
(MENAFN - Qatar News Agency) Ramallah, July 24 (QNA) - Israeli soldiers invaded, at dawn Sunday, the town of Silwad, east of the central West Bank city of Ramallah, shot and seriously wounded one ...

 Jul 24 2016 - Bahrain to launch USD526m market revampMENAFN
(MENAFN) Bahrain's government has announced a USD526 million project to revamp Bahrain's Manama Central Market.In detail, the project is still awaiting approval, six months after it was suspended ...

 Jul 24 2016 - Enec, KHNP shake hands on support services dealMENAFN
(MENAFN) The Emirates Nuclear Energy Corporation (Enec) and Korea Hydro & Nuclear Power (KHNP) have inked an operating support services agreement (OSSA) for the Barakah nuclear power plant in Abu ...

 Jul 24 2016 - QIA, Douglas Emmett acquires USD225m LA office buildingMENAFN
(MENAFN) Qatar Investment Authority (QIA) has announced the acquisition of a mega office property in Los Angeles in joint venture with Douglas Emmett, a real estate investment trust (REIT.In detail, ...

 Jul 24 2016 - WEEK AHEAD: Blue-chips aplenty due to update marketProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) The week ahead is set to be a busy one as blue-chips race to get their results out before people head off on holiday. The first of the big companies reports on ...

 Jul 24 2016 - Italian banking crisis may not spill over to global economy: QNBGulf Times
(MENAFN - Gulf Times) Italian banks are in 'trouble” because of their 'large stock of bad loans” QNB said although it does not foresee the trouble 'spilling over” to the wider ...

more...


 





Google

 
 

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