Tagged: Construction Week Online

The richest nation on earth

The richest nation on earth

Qatar is striving to raise its credit rating to ‘AAA’, two levels higher than its current rating of ‘AA’ with a stable outlook. The country’s economic growth accelerated to an average 13% during the period from 2008 to 2012. Such favourable international ratings, combined with a healthy financial climate, ensured that Qatar enjoyed a stable economic outlook. However, Qatar may find it difficult to win a credit rating upgrade in the next two years unless the nation reduces its reliance on public spending. According to Standard & Poor’s, Qatar’s limited monetary flexibility, and its banks’ increasing dependence on external financing stand in the way of raising the rating from ‘AA’.

Qatari Islamic bank targets construction SMEs

Qatari Islamic bank targets construction SMEs

Qatar Islamic Bank is introducing specific sector-related packages which shall correspond to the different needs of SMEs. The first such packages focus on the key sectors of construction, trading and services. A new programme is being launched which sh…