Qatar's economy seems to have entered a new normal where the country will continue experiencing slower growth rates, Euler Hermes has said in a report.
Nearly 4.54bn travellers, the equivalent of more than half the world’s population, flew on 46.8mn flights around the globe in 2019.
Qatar has issued $10bn in bonds in tranches of five, 10, and 30 years yesterday, thus becoming the first sovereign from the Gulf Cooperation Council region to successfully return to the international debt markets.
The GCC region may see a “second wave” of mergers and acquisitions (M&A), S&P Global Ratings said, and noted that it will be “more opportunistic and driven by economic rationale.”
Qatar is among the financially strong countries that is able to "afford more significant fiscal support" despite the slump in oil prices, Oxford Economics said in its research brief on GCC response to the Covid-19 crisis.
Middle Eastern airlines’ recorded a 4.3% growth in air freight demand in February compared to the same period in 2019, International Air Transport Association (IATA) has said in a report. Capacity increased by 6%.
Extraordinary circumstances call for extraordinary response, more so when the whole world is fighting a common enemy – the highly contagious coronavirus.
There is no more data