Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
15-12-14
Qatar economy to grow 7.7 percent in 2015
(MENAFN) Qatar, the world's top exporter of liquefied natural gas, said that it predicts that its economy would grow 7.7 per cent next year, slightly less than the 7.8 percent it was predicted earlier this year, signaling that the country's economy will be little affected by the plunge of oil prices, Gulf News reported.
Oil Prices, which have been declining since June, has reached their five-year low, leading to several countries to revise their growth and some even to cut spending like neighboring countries Kuwait and Oman.
If Qatar is able to achieve a growth of 7.7 percent in 2015, it would be the country's fastest expansion since 2011 and an increase from the 6.3 percent growth it is estimated for this year.
Qatar said that according to its forecast, the country's overall fiscal balance is expected to stay in surplus next year, though it might decrease due to the country's high public spending on infrastructure projects, with the country's fiscal surplus is forecast at 8.7 percent of gross domestic product in 2015, instead of 5.5 percent predicted earlier this year, while this year's surplus is expected to increase to 12.9 percent from the previous forecast of 9.3 percent.
"Solid expansion in non-hydrocarbon activities will continue to drive overall economic momentum, propelled by investment spending, an expansionary fiscal stance and population growth," The Qatari Ministry for Planning and Development said.
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us