Central Bank of Qatar
A wrap-up of the most prominent business news of the day.
Qatar’s Central Bank warned financial institutions including banks not to trade in bitcoin or any other cryptocurrency.
Budget deficit is expected to register 5.1 percent of GDP this year, while inflation’s forecast declined to 2.2 percent from 2.5 percent.
Foreign liabilities of commercial banks declined, fueling concerns about a potential struggle in external debts, Capital Economics said.
Two busy-schedule months for Arab foreign ministers passed, however, the political rift between four Arab states and Qatar is still ongoing, imposing economic pressures on Doha