Qatar may see an increase in interest rates next year, as the Qatar Central Bank (QCB) is expected to follow the US Federal Reserve in its “gradual tightening cycle” over the coming months, a new report has shown.
Qatar, whose budget will turn back to surplus in 2017, will remain in one of the strongest fiscal positions in the world over the next decade and continue to hold massive financial buffers through its sovereign wealth fund, according to BMI.
Qatar is an ideal market for a telecom strategy to move subscribers on to Long Term Evolution (LTE), given the country’s high consumer spending power, according to Amy Cameron, head of ICT Research at BMI.
Qatar’s budget balance will “turn positive” as early as 2017, says a senior BMI researcher, who asserts that the country will face “only one year” of budget deficit.
Qatar’s mobile market will end this year with 4.86mn mobile subscribers, rising to 5.42mn at the end of BMI’s forecast period in 2020, the Fitch Group company has said in a report.
Qatar is to achieve an ambitious target of 7mn tourism arrivals by 2030 on the back of major events the country is hosting beyond 2020, a new report has shown.
