The FIFA World Cup Qatar 2022 will be the focal point around which the country’s economic recovery is expected to take place, according toc (NBK).

The global oil market is expected to tighten before the year-end, with demand outpacing supply growth, National Bank of Kuwait (NBK) has said in an economic report.

Qatar has topped the GCC sovereign issuances in the second quarter of 2020-to-date with $10bn of the total $24bn, a report by National Bank of Kuwait has shown.

Qatar’s non-oil activity has been buoyed by government investment and the country’s growth is expected to accelerate to 2.6% this year from 1.6% in 2018, banking major NBK has said in a macroeconomic outlook.

With non-oil growth expected to taper as the government’s investment programme reaches an advanced phase, Qatar has turned back to gas/liquefied natural gas (LNG) production as it intends to maintain its position as the world's largest LNG producer, according to NBK.

Michelin, one of the world’s leading tyre technology leaders, yesterday inaugurated two state-of-the-art concept Tyreplus stores in Qatar.