Qatar's sovereign wealth fund (SWF) controls about $65 billion (Dh239bn) in overseas assets and this will ally with soaring gas exports to maintain the country's fiscal strength, a key Saudi bank said yesterday.
Despite an expected plunge in its nominal gross domestic product this year, Qatar will be among a few countries that will record high real GDP growth in 2009 despite the repercussions of the global financial distress, the Saudi American Bank Group (Samba) said in a study on Qatar.
While a steep decline in crude prices and the country's oil output will sharply depress exports this year, Qatar will still record a large current account surplus of about 12.1 per cent of the GDP when most other regional oil producers are expected to revert to a deficit.
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