Qatar's budget surplus in the second quarter of the year stood at 3.8 billion riyals ($1.04 billion), the finance ministry said on Thursday.
The world's largest exporter of liquefied natural gas (LNG) generated 50.1 billion riyals in revenues in April-June, driven by higher-than-budgeted oil prices, and the collection of corporate income tax in April 2021, the ministry said in a statement.
Spending stood at 46.2 billion riyals over the three months to June 30, it said.
The manufacturing industry has contributed over QR10bn to Qatar’s GDP in the fourth quarter of 2020, according to a tweet by the Ministry of Commerce and Industry (MoCI).
The infographics posted on the Ministry’s official Twitter handle also indicate that Qatar added 16 new factories to its manufacturing sector.
Qatar’s private sector exports exceeded QR1.64bn in February this year compared to QR1.499bn in January 2021, registering a rise of 10 percent, said Qatar Chamber in its monthly economic newsletter released yesterday.
The newsletter featured the trade of private sector in February according to the certificate of origin issued by the Chamber. This increase in private sector’s exports is attributed to the increase of exports through the General Model certificate of origin which increased by 16 percent, Unified GCC model which increased by 38 percent and GSP model which grew by 17 percent.
All GCC citizens travelling into Qatar can do so provided they take a mandatory pre-travel Covid-19 PCR test 72 hours before arrival, the Ministry of Public Health of Qatar (MoPH) said.
The results will only be accepted from approved Covid-19 testing centres.
Travellers must also download and activate the Ehteraz Application on their phones upon arrival using a local Qatari SIM card.
“The exemption from quarantine applies to GCC citizens entering Qatar through either Hamad International Airport or the Abu Samra land crossing,” MoPH said.
Total trade between Qatar and the UK rose to reach £7bn in 2020 despite restrictions and various challenges related to the Covid-19 pandemic, according to British ambassador Jonathan Wilks.
The Ministry of Transport & Communications (MoTC) and Hamad Bin Khalifa University (HBKU) yesterday organised a virtual forum entitled ‘Digitization of SMEs: An Alternative To Survive’. The event introduced SMEs in Qatar to the era of digital transformation. Shifting from decision-based traditional models to data-driven models, the world of business needs to adapt to the new practices to increase its efficiency in a rapidly changing economy. The forum featured speakers from HBKU, and MoTC. It reviewed best international and regional practices in digital transformation using cloud services in the business and introduced a success story from Qatar and Small and Medium Enterprises (SMEs) challenges and dealing with recent trends in digitization and automation.
GCC companies that are 100% owned by GCC nationals, may establish a company in Oman without a local partner for approved activities. #faq #businessinoman #omancomapnyformation #businesssetupoman #businessfaq #omanfaq #vpqatar pic.twitter.com/CyGKYKH7mD
— Venture Partner (@venturepartnerq) October 14, 2019
H E Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry; and Datuk Darell Leiking, Malaysia’s Minister of International Trade and Industry, have witnessed the signing of a Memorandum of Understanding between the Qatar’s Investment Promotion Agency (IPA) and the Malaysian Investment Development Authority (MIDA).
Venture Partner Qatar are ‘thinking pink’ during the month of October in support of breast cancer awareness. Visit https://t.co/D2PrcUpgD0 for more information.#breastcancer #breastcancerawareness #cancerawareness #support #pinkribbon #pinktober #thinkpink #vpqatar pic.twitter.com/EPE7zAH0gw
— Venture Partner (@venturepartnerq) October 6, 2019
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