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Tag Archives: economy

Why the Indian rupee is rising against the dollar

Over the last couple of months, the Indian rupee has gained value against the American dollar. In early February 2017, one dollar was worth around Rs67.50. Currently, one dollar is worth around Rs65. Hence, one dollar buys fewer rupees compared to the past. Thus, the rupee has gained in value …

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Non-oil sector to boost Qatari economy in 2017: QNB report

Doha Despite low oil prices, the Qatari economy has continued to be resilient in the face of low oil prices as the country enjoyed the strongest non-hydrocarbon GDP growth in the region throughout the oil price decline, a report by Qatar National Bank (QNB) Group has said. Qatari economy is …

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Economy, Project Suspensions ‘Hit Saudi Expat Payments’

Foreigners working in the Kingdom sent home SR10.77 billion ($2.87 billion) in February 2017, 15 percent less than the same time last year, according to data released by the Saudi Arabian Monetary Authority (SAMA). According to economic experts, suspension of government projects, among other factors has caused the fall in …

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LNG Giant Rasgas To Merge With And Become Qatargas

Two giant of liquefied natural gas (LNG) producers Qatargas and RasGas to merge and  create a world-scale entity ‘Qatargas’ with a combined annual LNG production capacity of about 79mn tonnes, which could not only see substantial savings in operating costs but also reaffirm the country’s pre-eminent position in the global …

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Qatar’s GDP expected to grow by 3.9%: Minister

Qatar’s economy will remain vibrant due to its strong macroeconomic fundamentals. Along with lower oil and gas prices, and global economic downturn, the economy happened to grow by 3.3 percent in 2015, which is faster than the global average of 3.3 percent. This was due to overall expansion of the …

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Qatar’s MEC Issues Unified Contract For Accountants

Qatar’s Ministry of Economy and Commerce has recently issues a unified contract that should be signed between legal accountant and their clients for proving chartered account services. MEC seeks to improve the services offered by accountants to clients and consequently raise awareness among accounting offices and customers about the legal …

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