Middle East Economic Survey

VOL. LIII

No 4

25-Jan-2010

QATAR

Higher Commodities Prices Drive Qatari Economic Growth, Says Emirates NBD

Qatars nominal GDP continued to shrink on an annual basis in 3Q09, but rose on a quarterly basis for the first time in a year thanks to higher prices for oil, natural gas and other commodities, says Emirates NBD in its January Global Markets and Treasury report. According to recent data from the Qatar Statistics Authority, nominal GDP amounted to QR75.5bn ($20.7bn)...