DOHA Bank hosted a virtual customer connect meeting on February 23, 2022, on “Bilateral and Synergistic Opportunities between Qatar and Kuwait”.

Dr. R Seetharaman, CEO of Doha Bank, gave insight on Global economies. He said, “According to IMF, globai growth is expected to moderate from 5.9% in 2021 to 4.4% in 2022, Growth of advanced economies is expected to moderate from 5% in 2021 to 3.9% in 2022. Growth of emerging economies is expected to moderate from 6.5% in 2021 t0 4.8% in 2022. US Fed is expected to begin monetary tightening in March 2022.” Dr Seetharaman gave insight on Kuwait and Qatar economies. “Kuwait economy is expected to grow by 4.3% this year. In 2022, the Central Bank of Kuwait opened applications for new digital banks in the region. Qatar-Kuwait trade exceeded QR7 billion in 2021. LNG deals have happened between Qatar and Kuwait in recent years. Qatar economy is expected to grow by 4 percent in 2022, Gatar Budget 2022 is based at an average oil price of $55 per barrel. Health, education, and infrastructure have been given thrust in Qatar budget 2022. Qatar plans to boost LNG production to 126 million tonnes ayear (MTPA) by 2027.”