Qatar takes steps to help private sector as Arab sanctions hurt economy
Dubai
QATAR'S government announced on Saturday measures to help private sector businesses after its economy was hurt by sanctions imposed by other Arab states.
Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani decided to cut rents paid by companies in Qatar's logistics zones in half during 2018 and 2019, official news agency QNA reported. New investors in the zones will be completely exempt from paying rents for a year if they obtain building permits by certain deadlines.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Slowing global economy to mean smaller revenue bump in Australian budget
Emerging-market optimism dashed by Fed as currencies, bonds sink
France’s Macron set to press China’s Xi on trade, Ukraine
Israeli Cabinet votes to shut down Al Jazeera’s local operations
Ukraine eases some wartime capital controls for businesses
Labour mayor wins cap triumphant election run for Starmer