Qatar banks’ assets expand by 9% to $378.9bn - The Peninsula Qatar

Qatar banks’ assets expand by 9% to $378.9bn - The Peninsula Qatar:

"Qatar’s non-hydrocarbon sector grew 4.2 percent in 2017, offset by a contraction in the hydrocarbon sector. The real GDP growth slowed marginally in Q4 mainly due to temporary shutdowns for LNG maintenance, QNB noted citing official data.

Brent crude prices were stable on average in March and Qatar’s oil production rose to 621,000 b/d in December from 612000 b/d prior. The country’s property sector continued to recover – the real estate price index rose 1.8 percent in December and falling rents turned a corner, QNB monthly report said.

Qatar’s exports expanded 14 percent year-on-year in February 2018 on higher hydrocarbon prices while import growth remained steady at 0.6 percent year-on-year. Inflation slowed to 0.4 percent y/y in March; food inflation eased while housing inflation picked up."



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