In turn, the Peninsula newspaper warned that the Israeli escalation in Gaza, the West Bank, Lebanon, and the region, is leading to the prospect of a regional war that would bring destruction and ruin not only to the region, but also badly impact the entire world.
In its editorial, the Peninsula said that Israel has been on an assassination spree, killing several high-profile Hamas and Hezbollah leaders in quick succession. It noted the great role played by the State of Qatar and the Arab Republic of Egypt in the ceasefire talks and ending the Israeli aggression on the Gaza Strip.
Meanwhile, Al-Raya said in editorial that the trade balance surplus of QR 19.6 billion for the month of June 2024 reflects the significant strength of our economy.
It stressed that the upward trend in the surplus confirms that the national economy has overcome the repercussions of the COVID-19 pandemic and has returned to its normal levels, providing the financial capacity necessary to continue achieving strategic projects that co
ntribute to comprehensive development.
The newspaper added that Qatar, having fortified its economy on solid foundations, is now reaping the benefits of economic plans and reforms that have made it a haven of prosperity, security, and stability, as well as a preferred and desirable destination for direct investment. Qatar has diversified its economy and supported the contribution of non-oil sectors to the budget in parallel with plans for localizing industries and food security.
Al-Raya concluded by stating that the trade surplus figures confirm that Qatar is successfully advancing its plans to diversify the economy and increase the contribution of the non-oil sector to GDP. The Qatari economy has achieved unprecedented successes in recent times, continuing to record rapid growth rates to lead the region in growth metrics according to international institutions and rating agencies, the newspaper said, adding that Qatar aims to optimally utilize its resources by expanding commercial partnerships and reaching
new global markets.
Source: Qatar News Agency