The Middle East Economy

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The role of small and medium-sized enterprises (SMEs) is crucial in any economy. According to the International Finance Corporation (IFC), formal SMEs account for up to 45% of employment and up to 33% of GDP in emerging economies, while in high-income countries they account for 62% of employment and nearly 64% of GDP. Given the significant role...

Al Zubarah is one of the largest and best-preserved examples of an 18th-century traditional pearling and trading settlement in the Gulf region. It is considered the most important archaeological site in Qatar. Long ago it was a hive of activity, maintaining trade links throughout the Arabian Peninsula, Asia, Africa and Europe. Although it now lies empty, in the past the city was bustling and...

Useful information for new arrivals to Qatar

In 2010, when FIFA awarded Qatar the much-coveted status of host for the 2022 FIFA World Cup, football fans around the world were surprised that this Gulf country had beaten so many leading international sports giants to the prize. Yet in many ways, the award was a recognition of the major investment Qatar has been making in sports in recent...

With the aim of diversifying its economy, Qatar’s National Development Strategy states, “Sustaining prosperity over the long-term requires wise management of exhaustible resources to ensure that future generations inherit ample means to meet their aspirations.” The strategy calls for diversifying energy production to include renewable sources....

To provide water and power services to its residents and companies, Qatar has invested heavily to build the production capacity needed. The Qatar General Electricity & Water Corporation, known as KAHRAMAA, reports investing more than $9.6bn to upgrade the electricity network between 2000 and 2008. According to Drake & Scull, an...

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