Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Euromoney : Qatar's Non-Oil Economy Is Half the Value of GDP in 2015  Join our daily free Newsletter

MENAFN - Qatar News Agency - 08/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) The value of Qatar's economy which is based on oil and gas will be in 2015 half the value of Gross Domestic Product(GDP) by 2015, according to Euromoney Conferences .

Economists in a QNB: massive investment in infrastructure driving significant growth in the sector of the economy is based on oil and gas during 2013 and 2014 , and discuss the future course of development in the " Euromoney Conferences said in a press release issued here on Saturday

Moving the economy of the State of Qatar varied to achieve an important achievement is to override the value of the sector is based on oil and gas in it for more than half of GDP by 2015 , according to the statement by economists with the acceleration of preparations for a financial conference is important in Doha next week

It is noted that Doha will host Euromoney Qatar 2013 conference on 10 and 11 December at the Ritz -Carlton Doha and co -hosted by Qatar Central Bank (QCB) with large delegations taking part to have a deep understanding of the financial scene in Qatar

There will be an opportunity for the members of the delegations participating in the conference , " Euromoney Qatar 2013 " for a deeper effect on how the structure of modern government and the new regulations on the economy, and see as well as expectations about the progress of the state's economic future

In 2012, GDP of the State of Qatar 192 billion U.S. dollars form the oil and gas industry ( hydrocarbons ) 58%, according to a recent report issued by the group QNB

GDP is expected to grow the sector is based on oil and gas in the country's economy from 42 % in 2012 to more than 50 % in 2015 , driven by the giant projects of the infrastructure that will be to host the World Cup in football , said the press release of Euromoney Conferences

It is also expected that the GDP grows by 6.5 % in 2013 and by 6.8 % in 2014 , while Qatar will develop in more than 240,000 jobs

The press release said that Qatar's economy is booming, and enters at the moment a new phase of economic growth based on the diversification of its economy and reduce the traditional reliance on the oil and gas industry (hydrocarbons) noting that the huge investments in the sector construction, transportation, real estate, petrochemicals will produce significant growth of the non-oil sector during the next few years . QNB Group is the first commercial bank owned by Qatar , and the strongest bank in the world ranked by Bloomberg Markets . It is noted that the positive attitudes, regarding the future of the Qatar Financial is a common view with many international financial institutions that will participate in the conference " Euromoney Qatar 2013 " , and this will affect the perception of the new generation of the most important players in the financial sector of the Gulf states and others including QNB Group. Qatar is one of the countries which receive much attention in the international financial sector as it , Qatar, has been rated by the World Economic Forum (WEF) as the most competitive state in the Middle East and will change its status from " frontier market " to " emerging market " by (Morgan Stanley Capital International Inc.),MSCI in May of 2014. QNB Group is the fastest growing Gulf banks and the largest bank in the Middle East and North Africa , one of the major sponsors of the conference " Euromoney Qatar 2013 " , on the basis of its commitment to enriching interest in investment opportunities in the region , and care for exhibitions to stimulate growth . Euromoney Conferences organises a wide selection of events, which attract delegates from a variety of industries, markets and regions across the world and in some Middle Eastern countries such as Saudi Arabia, Egypt , Kuwait and now in Qatar.

 


Qatar News Agency




  MENA News Headlines
 Sep 18 2014 - US won't fight another Iraq ground war: ObamaArab News
(MENAFN - Arab News) MACDILL AIR FORCE BASE: Florida: President Barack Obama vowed on Wednesday the United States will not fight another ground war in Iraq seeking to reassure Americans about the ...

 Sep 18 2014 - US strikes boost IS more hostages possible: FBIArab News
(MENAFN - Arab News) WASHINGTON: Support for Islamic State increased after US airstrikes began in Iraq and the militant group may take more hostages to try to force concessions from Washington the ...

 Sep 18 2014 - Apparel Group to open 50 new stores in KSAArab News
(MENAFN - Arab News) Dubai-based Apparel Group most recognized for its portfolio of international fashion and accessories brands brings yet another fashion chain to the Middle East.R&B the ...

 Sep 18 2014 - Zain KSA launches iPhone pre-ordering FridayArab News
(MENAFN - Arab News) Zain KSA announced that it will launch the pre-ordering for the new Apple devices iPhone 6 and iPhone 6 plus on Friday enabling customers to pre-order their device from Zain ...

 Sep 18 2014 - Qatar Airways flies into new travel era with first A380Arab News
(MENAFN - Arab News) At a ceremony in Hamburg hosted by Airbus Qatar Airways welcomed its new A380. In the presence of Qatar Airways Group Chief Executive Akbar Al-Baker and Airbus President and CEO ...

 Sep 18 2014 - Orascom posts USD33.71m net profit in H1MENAFN
(MENAFN) Orascom Development Holding announced registering a net profit ofUSD33.71 million in the January-June period compared to a loss of USD51.27 million in the same period last year, Times of ...

 Sep 18 2014 - Oman's construction sector contributes 5 percent to GDPMENAFN
(MENAFN) Oman's construction sector contributed 5 percent of the country's gross domestic product (GDP) in 2013, amounting to USD4.28 billion, Times of Oman reported.During the last five years, the ...

 Sep 18 2014 - Egypt predicts 6 percent growth in 3 yearsMENAFN
(MENAFN) Egypt said it is expecting growth rates to increase from 2.5 percent to 3.5 percent in the July-September period, as well as an increase to 6 percent within three years, Arab News ...

 Sep 18 2014 - Kuwait- His Highness the Amir of Kuwait devotes special attention to Arab labor issues - officialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The visiting Director-General of Kuwait's Public Authority for Manpower (PAM), Jamal Al-Dosari, has affirmed that His Highness the Amir Sheikh Sabah Al-Ahmad ...

 Sep 18 2014 - Saudi- SAFA to introduce Upset Prevention 1amp Recovery Training programArab News
(MENAFN - Arab News) Saudi Aviation Flight Academy (SAFA) will soon launch an Upset Prevention & Recovery Training (UPRT) program. The program will deliver the skills required to safely prevent ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help