The Peninsula Qatar - Qatar’s foreign reserves rise to $42.1bn

The Peninsula Qatar - Qatar’s foreign reserves rise to $42.1bn:



"Qatar’s international reserves rose by $9bn since end-2012 to  $42.1bn at end-2013, reflecting a strong current account surplus and lower capital outflows. The current account surplus is expected to have registered a strong surplus due to large hydrocarbon exports offsetting growing imports.



QNB’s “Qatar Monthly Monitor” noted yesterday that the country’s international reserves have been steadily rising over the years on large current-account surpluses. Going forward, QNB Group expects international reserves to continue rising gradually in 2014.



On the stock market performance, QNB noted: “After a strong performance in 2013, Qatar Exchange (QE) index exhibited another strong performance in January 2014. Furthermore, foreign investors remained bullish. In the first month of 2014, the QE witnessed net foreign portfolio investment inflow of $532.2m."



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