With Qatar’s state budget now moving into deficit for the first time in 15 years, clearly a new paradigm for construction project financing is now beginning.
This new pattern will likely continue to be the blueprint for some time, too, as many analysts believe oil and gas prices are unlikely to dramatically turn around soon – further eroding government...
A drive to encourage entrepreneurship in Qatar is gaining pace, as efforts to streamline the start-up process yield results.
Health was one of the big winners in Qatar’s 2016 budget, at a time when many other areas of the economy saw spending reined in due to lower energy revenues.
In mid-December 2015 Qatar’s Ministry of Development Planning and Statistics cut the country’s GDP forecast for the year to 3.7%, down by nearly half from an earlier prediction of 7.3% and the 6.1% recorded in 2014.
Rising demand, an expanding product range and innovative new applications for gas-to-liquids (GTL) products should help Qatar maintain growth in its GTL industry, bucking declines in conventional hydrocarbons prices
Late 2015 marked a major step forward for the world’s largest greenfield maritime development – Hamad Port, outside of Doha, where partial operations, including roll-on/roll-off, livestock and heavy equipment cargoes, began on December 24.
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