The Governor of the Qatar Central Bank, Sheikh Bandar bin Mohammed bin Saud Al Thani, expected during the ninth “Euromoney” Conference, which opened in Doha, that Qatar's GDP will grow by 3.5 percent during 2022, announcing the launch of a financial technology strategy by the end of the second quarter of 2022, and the licensing of financial technology companies soon.
He announced the start of granting licenses for financial technology companies, and the signing of an investment partnership between Britain and Qatar worth $12.5 billion, which will cover sectors such as financial technology, life sciences and cybersecurity. He stressed that Qatar's economy has proven strength and resilience, and that economic activity today, on the cusp of hosting the FIFA World Cup, is more powerful than it was in 2020.
Qatari government data showed that Qatar achieved a trade surplus that rose last month to 167.3 percent on an annual basis, while Qatar's exports in April amounted to 43.45 billion riyals ($11.93 billion), an increase of 107.4% year on year. The data also showed that Qatar's imports last April amounted to 9.28 billion riyals ($2.5 billion), an increase of 13.6 percent year on year.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
