Qatar: Merchandise Trade Balance Achieve Surplus of 39.5 Percent

  • Doha, State of Qatar
  • 28 September 2018

Standard & Poor's credit ratings agency revealed in a research note, that Qatar has topped the list of most likely falling countries when rating by the agency, if the boycott imposed by other Arab countries on Doha will continue to affect, where Saudi Arabia, United Arab Emirates, Bahrain, and Egypt cut diplomatic relations and transport lines with Qatar last year.
Qatar Central Bank announced a slowdown in money supply in August compared to the previous year, dropping from 2.7 to 2.6 percent. While Qatar Central Bank raised the deposit rate by 25 basis points to 2.25 percent.
On the other hand, the merchandise trade balance in last August recorded surplus of about 17.5 billion riyals, an increase of 39.5% compared to the same month last year, and by 3.7% compared to the month of July 2018.
Qatari exports rose 23.3 percent year-on-year to 26.4 billion riyals recording a monthly decline of 0.7 percent.

Source (Economic Bulletin website, Edited)

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