22.6 C
New York
Wednesday, August 17, 2022

Gulf crises will pass, but economy is stronger – Qatar’s Emir

Gulf crises will pass, but economy is stronger - Qatar's Emir© Reuters. View of the skyline of the city of Doha from the Islamic art museum in Doha

DOHA (Reuters) – Qatar’s Emir Sheikh Tamim bin Hamad al-Thani said on Tuesday he regrets the continuation of conflict with other Arab states, but added that “crises will pass”, outlining the nation’s economic achievements over the past year.

The country would continue to develop its oil and gas industries as it is keen to preserve its status as the top liquefied exporter in the world, and that the country had grown its exports by 18 percent last year and slashed spending by 20 percent, Tamim said in a speech to the Arab state’s shoura council.

Qatar’s currency has preserved its value since the start of the rift last year and the economy has diversified to overcome the impact of sanctions imposed by other Arab states, Tamim said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,289FansLike
12,893FollowersFollow
748FollowersFollow
- Advertisement -

Latest Articles

Popular Articles