Qatar Says Economy Stable

Qatar’s economy has proved its strength and resilience in the face of many global challenges which affected developed countries, Qatar’s Economy and Commerce Minister Sheikh Ahmed bin Jassim bin Mohamed al-Thani was quoted as saying by Qatar News Agency on Saturday, Xinhua reported. Despite the three-month siege on Qatar, the country has succeeded in strengthening its power and independence more than ever, the minister said on the sidelines of the 72nd Session of the UN General Assembly in New York. He stressed that his country was working on developing the necessary mechanisms required for the import of goods and services, by finding alternative markets to import goods and services from. He also referred to the IMF report which said that the Qatari banking sector remains sound, with high asset quality and strong capitalization, and the investment environment in Qatar is strong and attractive as the state has flexible economic policies through the ‘Invest in Qatar’ office, which facilitates all procedures for foreign investors and provides support at all stages of investment.