Wednesday, April 14, 2021

Qatar is the best Arab country to live and work according to an international index, surpassing the UAE and Saudi Arabia by a large margin | A nation is tweeting out of tune

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Qatar ranked first in the Arab world in a poll conducted by the British “HSBC” bank, on the best places to live and work around the world.

Work in Qatar

According to this poll, Qatar ranked first in the Arab world and sixth in the world in the quality of living and workplace index.

Switzerland came first, according to the HSBC survey, followed by Singapore, New Zealand, Germany and Spain, fifth, respectively.

While the Netherlands came in seventh, Australia in eighth place, Canada ninth, and Ireland tenth.

While the UAE slipped to 14th place in 2020.

Saudi Arabia ranked 19 in the list of 40 countries around the world.

It is noteworthy that the British Bank’s poll, which is conducted every year, is based on 200 standards to measure the quality of life and includes 3 main axes.

These axes relate to well-being of life, psychological stability, mental health, and political and social stability.

As well as the quality of education and schools, income and ability to save, cultural values, and the achievement of personal goals.

Qatar’s economy is strong and has overcome difficulties

Qatar maintains its economic position at a high level, despite the major crises that the whole world faces due to the Corona epidemic.

This is a chapter on the special crisis that Doha has been suffering for 3 years or more, due to the unjust blockade imposed on it by Saudi Arabia. And the Emirates, Egypt and Bahrain.

Monetary power

Qatar Central Bank data show that Qatar’s reserve assets in the first month of the Gulf blockade on Doha, that is, in June 2017, amounted to 146.3 billion riyals ($ 40.19 billion).

Although the value of assets declined in the following months of 2017 to an average of $ 34 billion, the numbers are beginning to register. An accelerated bullish trend in 2019, and the first four months of 2020.

As of the end of April 2020, the most recent data available, the total value of Qatar’s reserve assets reached 202.8 billion riyals (55.7 billion US dollars).

Likewise, the total deposits of commercial banks for the public and private sectors, until the end of April 2020, increased by 14.2 percent to 879.3 billion riyals. ($ 241.5 billion), compared to 770 billion ($ 211.5 billion) in June 2017.

In the same direction, Qatar’s investments in US bonds and bills jumped from $ 505 million in June 2017, to settle at $ 5.1 billion at the end of January 2020, according to US Treasury data.

Tourism growth

Although the countries of Saudi Arabia, the Emirates and Bahrain were prohibited from entering their citizens, in the form of tourist groups, to Qatar.

However, the latter managed to replace the one it lost from the three countries with other foreign tourism.

Tourism in the Gulf Cooperation Council countries constituted a share of not less than 35% of the total inbound tourism to Qatar.

Which was reversed at the time by the instructions of the governments of the three countries, to prevent travel to Doha.

However, Qatar Statistics Authority figures showed that the decline in inbound tourism numbers from 2.25 million tourists in 2017 to 1.819 million tourists. In 2018, it has resumed its rise in 2019.

The number of inbound tourism to Qatar in 2019 increased by 17.4 percent year on year, to 2.136 million tourists. Most of them are from Asia and Europe, and only 11% are from the GCC countries.

Doha aims to increase tourism’s direct contribution to Qatar’s GDP from $ 5.4 billion. In 2016, to $ 11.3 billion by 2023.

Bullish trade

It is noteworthy that on the eve of the third anniversary of the blockade of Qatar, the Qatar Chamber issued a report on the positive consequences it transferred. Diameter of Gulf blockade On her since mid-2017.

In a report last year, the chamber said that Qatar succeeded, in the years following the blockade, in achieving remarkable development. With regard to food security, as well as in the agricultural and industrial sectors, which contributed to achieving self-sufficiency in many commodities and products.

She indicated that the private sector created new sources of goods and products that were imported from the blockading countries.

As well as its contribution to securing the needs of the local market of essential commodities, and moving towards the local industry.

Turkey made wide contributions in the first months of the blockade on Qatar, by establishing an air bridge to provide for Doha’s needs. Of goods and consumer goods.

This is to cover the needs of the local market, in light of air, sea and land restrictions on the country.

The number of industrial establishments registered in the country by the end of 2019 reached about 1,464 in various sectors.

This compared to about 1,171 at the end of 2016, which means the establishment of 293 new factories.

More than 47,000 new companies were established during the years of the blockade, according to a Qatari official.

At the same time, he noted that the period of the blockade witnessed attracting more foreign investments to the country.

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