HH The Amir says the Gulf crises will pass, but Qatar’s economy has grown stronger
HH The Amir Sheikh Tamim bin Hamad Al Thani addressed the meeting of Qatar’s Shoura Council today morning.
The Qatari leader said that while he regrets continuation of the Gulf crisis, it would pass, according to Al Jazeera.
HH the Amir inaugurated the 47th ordinary session of the Advisory Council on Tuesday morning, the inauguration was attended by HH the Father Amir , HH the Personal Representative of HH the Amir , and HE the Prime Minister and Minister of Interior.#QNA pic.twitter.com/cQ74iScIQv
— Qatar News Agency (@QNAEnglish) November 6, 2018
HH The Amir said his country would continue to develop its oil and gas industries and that it was keen to preserve its status as the world’s top liquefied natural gas exporter.
“History teaches us that crises pass, but if they’re handled badly then this may leave traces which last for a long time,” he was quoted as saying by Al Jazeera.
HH the Amir : Qatar's economic invulnerability against external tremors has been boosted and our self-reliance has increased, the bonds with our allies have become stronger than before, and our relations with most of the world countries have developed.#QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
“It’s very regrettable that the continuation of the Gulf crisis exposed the failure of the Gulf Cooperation Council (GCC), which has weakened its ability to face challenges and threats and marginalised its role in the region,” he added.
HH the Amir: The Qataris have become more committed to the ethics they are famous for, and their awareness and realization of the scale of their country’s accomplishments and the importance of national sovereignty and independence of our political decision.#QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
He also spoke about his country’s economic achievement, saying Qatar had grown its exports by 18% last year and slashed its spending by 20%, reported Reuters.
HH the Amir :Exports increased by 18%,leading to a significant improvement in the public budget, trade balance and current account, banking system retrieved in less than ten months the level of indicators that prevailed before the blockade.#QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
HH The Amir said Qatar’s currency had preserved its value despite the illegal siege and said that the economy had diversified to overcome the impact of the illegal siege.
HH the Amir :Qatar Central Bank regained its reserve level, and the Qatari Riyal has maintained its value and free circulation. The State continued to provide funding for the World Cup projects without compromising the projects required to achieve the National Vision.#QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
HH the Amir : The number of factories operating in the State has increased by about 14% after the blockade, and these factories managed to achieve a great deal of self-sufficiency in some food products and consumables. #QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
HH the Amir : We are striding at a steady pace to achieve water and food security and to secure sufficient electrical energy to push forward the development drive and meet its requirements. #QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
HH the Amir :Government consumption expenditure this year decreased by around 20% from the previous year while household spending increased by 4%.It is expected that this policy will lead to a public budget surplus this year.#QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
HH the Amir: Qatar has been able to overcome the impacts of the blockade to a large extent,economic institutions and financial markets share optimism with us, World Bank expects Qatar's economic growth rate to reach 2.8% in 2018,will rise to around 3% in the following years#QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
HH the Amir :Global credit rating agencies also revised their outlook for Qatar’s economy from negative, immediately after the blockade,to currently stable, reflecting their favorable expectations for the financial and economic performance of the State of Qatar in the future#QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
HH the Amir: Our oil exports have not been affected by the blockade,the State has been keen to fulfilling all its obligations under the existing contracts and has concluded several long-term contracts, the latest of which was with Petro China.#QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
HH the Amir : The ongoing Gulf crisis revealed the failure of the GCC to attain its goals and meet the aspirations of our Gulf peoples, which weakened its capability to face the challenges and risks and marginalized its regional and international role. #QNA
— Qatar News Agency (@QNAEnglish) November 6, 2018
