 | Qatar´s growth to exceed
global averages: QNB THE IMF´s latest report on
Qatar forecasts robust economic
performance over the medium
term. Qatar´s real GDP growth is
expected to average 5.3 percent
for the 2013-16 period exceeding
the regional and world levels.
The IMF expects the ...
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| | Qatar to spend $25bn on petchem expansion |  QATAR, which has become the
world´s biggest liquefied natural
gas (LNG) exporter over the last
decade, will invest $25bn to
expand and develop its domestic
petrochemical and chemical
industry over the next decade.
As part of the expansive economic
strategy set in Qatar´s National
Vision 2030 and the National
Development Strategy 2011-2016,
the Qatari economy seeks to further
develop the petrochemical sector,
consolidating Qatar´s position as a
major force in the industry.
The expansion is expected to
improve the country´s petrochemical
production capacity to 23 million
tonnes by 2020 from the current
9.2 million tonnes.
Qatar is enhancing. |
| | Iraq to boost oil export by
200,000 bpd in March |
 IRAQ aims to boost oil
exports by 200,000 barrels
per day next month after it
opens up a new Gulf outlet, a
senior Iraqi oil official said,
freeing Baghdad to export all
the extra barrels foreign oil
companies are extracting
from its giant fields.
Top Iraqi officials are due to
inaugurate a Single Point
Mooring (SPM) for loading
tankers on Sunday after bad
weather and technical problems
set back its initial start.
Shipments of Basra Light
crude have been stuck at
around 1.7 million bpd since
last year as exports hit obstacles
in the south.
If all goes to plan, exports
from Iraq´s southern oilfields
will rise to 1.9 million bpd by
March - pushing overall oil
sales to 2.3 million . |
| | Spain slashes severance pay
in a sweeping labour reform |  SPAIN´S conservative government
slashed employees´
maximum severance pay in a
sweeping labour reform
unveiled on Friday to confront
a near 23-percent
unemployment rate.
It was the third major
reform in two weeks by a government
racing to find an
antidote to Spain´s deepening
economic malaise.
After proposing legislation
to cut the annual public
deficit to zero by 2020 and
enacting a reform obliging
banks to set aside 50 billion
euros ($66 billion) against
soured property assets, the
government is now targeting
the jobs crisis. "The government´s
goal is to fight joblessness,"
Employment Minister
Fatima Banez told reporters
after Prime ... |
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