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Qatar’s economy is growing despite the ongoing crisis between the gas-rich country and its Gulf neighbors, said Wednesday a mission of the International Monetary Fund (IMF). According to the IMF projections, Qatar’s GDP will exceed 3% in 2019 and stabilize around 2.7% annually between 2020 and 2023, fueled by gas exports and hosting the World Cup in 2022. “Qatar’s economic performance continues to strengthen,” the IMF said in a statement at the end of its…

The Saudi-led siege has forced Qatar to focus its efforts on self sufficiency and has boosted the state’s food production. The air, sea and land blockade imposed on Qatar by Saudi Arabia, the UAE, Bahrain and Egypt in June, 2017 has done little to dampen the mood. Since then Qatar has pumped billions into creating a self-sufficient economy, one that is less reliant on its neighbours. The country has restructured its import routes and agricultural sector. New…

The new financial hub will attract multi-national companies to Qatar which is likely to develop Doha into the finance capital of the GCC. Qatar has allocated US$2 billion to building a new financial centre to rival Dubai’s financial district. According to Bloomberg, the move is set to attract multi-national companies to Qatar which is likely to develop Doha into the finance capital of the region. Free offices and tax incentives Yousuf Al Jaida, chief executive…

Saudi channel beoutQ, an Arabic language sports network, has been streaming content rightfully owned by beIN. The GCC diplomatic crisis has taken a new turn after Saudi Arabia has been accused of airing sports events that are exclusive to a Qatari sports channel. According to several media reports, beoutQ, an Arabic language sports network, has been streaming content rightfully owned by beIN. Doha-based beIN Corporation says it will launch an international investment arbitration case against…

If Uber is experiencing serious setbacks in Asia, as evidenced by its failures against the Indonesian Go-Jek and the Chinese giant Didi Chuxing, the US firm relies on India, Africa and the Middle East to regain its momentum. Uber is currently in talks with its Dubai-based competitor, Careem, according to Bloomberg, citing sources familiar with the matter. No final decision has yet been taken, but a $ 2 to $ 2.5 billion buyout is being…

The airline claims losses suffered are much lower than rival nations had planned for. Qatar Airways has revealed that the Saudi-led siege has left a far lesser impact than the blockading countries intended. According to Bloomberg, the airline claims losses suffered are much lower than rival nations had planned for. Despite Qatar facing a 15-month blockade by its Arab neighbors, the airline adopted a business-as-usual policy in the face of “aggressive action” from Saudi Arabia,…

Halal tourism has grown almost twice as fast as the industry in recent years, with boutique hotels created to meet the needs of the millennial market. Some hotels in the United Arab Emirates do not serve alcohol and halal food. They have separate gyms for men and women, women-only beaches and exclusively female staff to ensure their privacy. The establishments have prayer rooms, rooms designed for families, without noisy parties, without the possibility of gambling…