New Qatar Emir Takes Aim At Inflation, Corruption » Gulf Business

New Qatar Emir Takes Aim At Inflation, Corruption » Gulf Business:

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Sheikh Tamim bin Hamad al-Thani.

Qatar will use all available tools to contain inflation while cracking down on corruption and business monopolies, its new ruler said in his first major economic policy speech since taking office.

Sheikh Tamim bin Hamad al-Thani, who became emir in June when his father handed over power, was speaking to a government advisory council on Tuesday.

His remarks showed sensitivity to issues that could become politically controversial in the tiny but wealthy state of around 2.1 million people, about 250,000 of whom are local citizens. The speech also betrayed concern that Qatar’s huge construction plans should not destabilise the economy.

The 33-year-old emir, quoted by state news agency QNA, described inflation as the foremost problem associated with the rapid growth of the economy."

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