Doha: The Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani will inaugurate the two-day ‘Business and Investment in Qatar Forum’ tomorrow in Berlin, Germany.
Organised by Qatar’s Ministry of Foreign Affairs, the forum will bring together a large number of ministers, businessmen , decision- makers from Qatar and their German counterparts along with a number of officials and business leaders from the two countries.
The opening session will be attended by German Chancellor Angela Merkel. It aims at promoting the role of Qatar in business and investment domains and highlighting the opportunities it offers to foreign investors.
Qatar is emerging as political, economic and cultural centre of the Middle East and intends to pursue its ambitions to be a knowledge-based economy through a well-planned strategy as laid out in the Qatar National Vision 2030. Qatar is working to build a strong and progressing economy through the establishment of advanced infrastructure to serve the various economic sectors. This stems from the Qatar National Vision 2030, which aims to achieve sustainable development in various economic sectors.
Qatar is one of the most investment-friendly countries in the world, providing great and diversified opportunities for investment by local, Arab and global private sectors.
The Assistant Minister for Foreign Affairs and International Cooperation Affairs, who is also Chairman of the standing committee for organising conferences H E Sheikh Ahmed bin Mohamed bin Jabor Al Thani, said in a press conference held recently that Qatar pays due attention to investment which has developmental and strategic dimensions.
DUBLIN: Financial leaders of the world’s 20 biggest economies will consider next week in Washington a proposal to cut their public debt over the longer term to well below 90 percent of gross domestic product, a document prepared for the meeting showed.
The proposal, prepared by the co-chairs of the G20 Working Group on the Framework for Growth, follows agreement of the leaders of G20 countries in June last year to set ambitious debt reduction targets beyond 2016, when, under an earlier agreement from Toronto in 2010, debt was to stop growing.
“The co-chairs proposed that: ‘over the longer-term, G20 members should gear their fiscal policy towards achieving a debt level that is well below 90 percent of GDP,” a document prepared for European Union delegates for the meeting said.
“We take note of the proposal made by the co-chairs on fiscal objectives as a good basis for discussion,” said the document, endorsed by EU finance ministers yesterday and seen by Reuters.
The European Union itself, however, has a more ambitious debt ceiling of 60 percent of GDP for its 27 members and will suggest a lower target for the G20 would be better, too.
Agencies
