37 C
Tuesday, August 3, 2021

Ratings agency: Qatar economy to remain ‘resilient’ amid oil slump


Qatar is in better financial shape than several of its GCC peers, according to credit rating agency Standard & Poor’s (S&P) , which maintained its positive position on Qatar while downgrading Oman, Bahrain and Saudi Arabia last week.

In a report, S&P said Qatar’s large reserves – such as those held by the Qatar Investment Authority – and political stability mean that there’s a low risk of the country running into financial trouble, even as the government runs deficits to pay for large infrastructure projects.

Notify of
Inline Feedbacks
View all comments

Related Articles

- Advertisment -

Most Read

Outrage over Qatar’s new quarantine requirements for six Asian countries

Vaccinated travellers from Bangladesh, India, Nepal, Pakistan, Sri Lanka and the Philippines must hotel quarantine for two days upon arrival to Qatar.  The Ministry of...

Subscribe to Doha News below!

To be updated with all the latest news, offers and special announcements.