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Economic Stability:
Introduction
Qatar offers businesses a uniquely central location at the hub of Middle East and European trade and heart of decision-making. Geographically, the region's immediate neighbors are UAE, Bahrain, Kuwait, Saudi Arabia and Oman.
alon with that Qatar provides businesses with rapid access to leading markets and suppliers. In the year 2000, the "Government of the State of Qatar" carried on its efforts to implement its policies aiming at diversifying income sources and developing the economic infrastructure. It intensified its efforts to provide the best possible utilization of its hydrocarbon wealth. As a result, several steps were taken to accomplish these objectives.
In the first place, the government has expanded exploration projects in oil and gas fields, and offered incentives to attract foreign investors to carry out similar projects in Qatar. In this regard, it has issued several laws to simplify investment procedures and liberated economy and developed the techniques of marketing gas from giant plants.
Parallel to this, the government implemented an economic policy in public expenditure and diversified sources of national income to include non-oil sources. Consequently, the country has witnessed tremendous economic improvement manifested by surplus in current account of expenditure scale, reduction of deficit in general budget and stability of inflation and exchange rates. The national economy has been developed tremendously during the past few years which were reflected positively on the general economic performance.
Gross Domestic Product (GDP)
 According to the Qatar Statistics Authority the economy of Qatar has achieved a remarkable growth during the second quarter, April/June 2008 in various economic activities, Estimates indicate the "GDP" reached QR 96,169 Billion, compared with QR 59,820 Billion duringcorresponding quarter, April/June 2007 with a growth rate of 60.76%, While it reached QR 84,309 Billion during the preceding quarter, January/March 2008, with a growth rate of 15.35 %. for more details please visti www.qsa.gov.qa .
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Growth Rate
According the Qatar Central Bank’s Statistical Bulletins the GDP” Growth Rate for the for the year of 2008 has achieved a remarkable growth during the first quarter, January/March 2008 9.2% for more details please visit www.qcb.gov.qa .
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The monetary management in Qatar is implemented by Qatar Central Bank (QCB) which was established by Law No. 15 in the year 1993.it is called the Qatar Monetary Agency (QMA). The main objective of the Qatar Central Bank (QCB) is to regulate the monetary, credit and banking policies in accordance with the general plans of the State in order to support the national economy and the stability of the currency. QCB has full powers over the monetary policies of the State, and supervises and controls banks and financial institutions.
The Domestic Liquidity increased by 27.5% during the first half of 2008 to reach a record level of QR 150.0 Billion compared to QR 117.6 billion as at year-end 2007.
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Exchange Rate Policy
During the first half of 2008 the Qatari Riyal is officially pegged to the US dollar at a rate of 1 US$ = QR 3.640 , and making a slight gain against the Sterling Pound by 1.4% .
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Interest Rate Policy
The "QCB" Qatar Central Bank imposed a ceiling on interest rates offered by commercial banks on credits and Deposits. for second quarter, April/June 2008
The Lending rate at 5.50%, & the Deposit rate at 2.00% .
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Foreign Trade
Qatar’s Exports increased by by 23.4% in 2007, to reach QR 152.951 billion, from QR 123.945 billion in 2006 the preliminary export data obtained from "QCB" Qatar Central Bank, the significant increases in export revenues comes from export of crude oil which continuing rally in oil prices. , along export of LNG, chemicals and related products, and iron and steel.
Qatar’s imports (fob) increased by 33.8% in 2007 to reach QR 72.158 billion, from QR 53.911 billion in 2006 Preliminary data on imports obtained from the "QCB" Qatar Central Bank, show that Qatar’s Main items of import in 2007 consisted of machinery and mechanical appliances, base metals, Vehicles and transport equipment, and food products.
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