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Qatar’s economy dived by more than 23 per cent in the fourth quarter of 2008 but ended the year higher by a staggering 44 per cent because of a surge in oil prices and gas exports, official figures showed yesterday. From QR83.2 billion (Dh84bn) in the third quarter, the Gulf country’s nominal gross domestic product […]

The global financial crisis is expected to stifle growth in Qatar but the country will likely be the world’s fastest growing economy in 2009 given its massive gas exports and overseas assets, according to a key Saudi bank. Despite a sharp decline in oil prices and the country’s crude output, public expenditure will remain high, […]