Pratap John

Qatar’s new debt issuance totalled $15.7bn in the first three quarters of this year; a study by NBK (National Bank of Kuwait) Research has shown.

After nearly a year of depressing developments on all fronts, green shoots of recovery in terms of vaccine success are in sight despite the raging virus still wreaking havoc on the financial world.

Global aerospace giant Boeing anticipates demand for 2,945 new airplanes in the Middle East valued at $685bn over the next two decades, as the industry recovers from the Covid-19 pandemic in the medium and long term

Abdul Hakeem Mostafawi, CEO, HSBC Qatar, said: “Qatar’s long-term fundamentals remain strong following the decisive policy response from the government to the immediate economic impact of Covid-19.

Remittance flows from migrant-hosting nations including the GCC to low- and middle-income countries (LMICs) are expected to register a decline of 7.2% to $508bn in 2020, followed by a further decline of 7.5% to $470bn in 2021, according to a World Bank affiliate.

Natural gas, which is an abundant and flexible source of energy, will continue to satisfy the increasing world energy needs, ministers attending the 22nd Ministerial Meeting of the Gas Exporting Countries Forum (GECF) stressed on Thursday.

An encouraging vaccine update from US drugmaker Pfizer has triggered a wave of optimism around the wider airline and tourism industry, which has been decimated by the coronavirus pandemic, resulting in huge revenue and job losses around the world.

Doha is a prominent route in SriLankan’s Middle Eastern operations, airline chairman Ashok Pathirage said and noted Qatar generated the second highest station revenue in the Middle East region for the 2019/20 financial year.