Qatari Economy Achieves Real Growth of 8%

This file photo taken on Dec. 20, 2019, shows a view of boats moored in front of high-rise buildings in the Qatari capital, Doha. (AFP)
This file photo taken on Dec. 20, 2019, shows a view of boats moored in front of high-rise buildings in the Qatari capital, Doha. (AFP)
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Qatari Economy Achieves Real Growth of 8%

This file photo taken on Dec. 20, 2019, shows a view of boats moored in front of high-rise buildings in the Qatari capital, Doha. (AFP)
This file photo taken on Dec. 20, 2019, shows a view of boats moored in front of high-rise buildings in the Qatari capital, Doha. (AFP)

The Qatari economy achieved a real growth rate, constant prices, of 8 percent during the Q4 of 2022, year on year, compared to the same period of 2021.

Data revealed by the Planning and Statistics Authority on Tuesday showed that the quarterly gross domestic product (GDP) estimates at constant prices reached about $49.4 billion in the fourth quarter of 2022, compared to the revised fourth-quarter estimates for 2021 of $45.7 billion.

The same data revealed a 2.7 percent increase quarterly, compared to revised estimates for the third quarter of 2022, amounting to $48.1 billion.

The GDP at current prices jumped 26.2 percent annually, reaching $60.5 billion in the fourth quarter of 2022, compared to the revised fourth-quarter estimates for 2021, which amounted to $47.9 billion dollars.

Compared to the revised estimates for the third quarter of 2022, which amounted to $63 billion, the gross domestic product recorded a four percent decrease.

The nominal gross value added (GVA) of mining and quarrying sector activity is estimated at $25 billion, up 43.4 percent, compared to revised estimates for the fourth quarter of 2021, which amounted to $17.4 billion.

The real GVA of these activities is estimated at $17.6 billion in Q4 2022, which shows an increase of 4.8 percent compared to the estimate for Q4 2021, which was $16.8 billion.

Compared to the Q3 2022 revised estimate of $17.6 billion, a decrease of 0.3 percent in the real GVA of this sector was also recorded.

The nominal GVA of non-mining and quarrying activities is estimated at $35.4 billion in Q4 2022, which shows an increase of 16.4 percent over the estimate of Q4 2021, amounting to $30.4 billion.

The previous quarter's Q3 2022 revised estimate of $33.76 billion recorded an increase of 5.1 percent.

The real GVA of non-mining and quarrying activities is estimated at $31.8 billion in Q4 2022, which shows an increase of 9.9 percent over the estimate of Q4 2021, amounting to $28.96 billion. Compared to the Q3 2022 revised estimate of $30.47 billion, an increase of 4.4 percent was also recorded.



UAE Announces it Is Leaving OPEC, OPEC+

The OPEC logo on the building prior to the 186th Ordinary Meeting of the Organization of Petroleum Exporting Countries (OPEC) at the OPEC headquarters in Vienna, Austria, 03 June 2023. (EPA)
The OPEC logo on the building prior to the 186th Ordinary Meeting of the Organization of Petroleum Exporting Countries (OPEC) at the OPEC headquarters in Vienna, Austria, 03 June 2023. (EPA)
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UAE Announces it Is Leaving OPEC, OPEC+

The OPEC logo on the building prior to the 186th Ordinary Meeting of the Organization of Petroleum Exporting Countries (OPEC) at the OPEC headquarters in Vienna, Austria, 03 June 2023. (EPA)
The OPEC logo on the building prior to the 186th Ordinary Meeting of the Organization of Petroleum Exporting Countries (OPEC) at the OPEC headquarters in Vienna, Austria, 03 June 2023. (EPA)

The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+ with the decision going into effect on May 1.

“This decision reflects the UAE’s long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production, and reinforces its commitment to a responsible, reliable, and forward-looking role in global energy markets,” it said in a statement carried by the WAM state news agency.

“This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s pressing needs.”

“The UAE joined OPEC in 1967 through the Emirate of Abu Dhabi and continued its membership following the formation of the United Arab Emirates in 1971. Throughout this period, the UAE has played an active role in supporting global oil market stability and strengthening dialogue among producing nations,” read the statement.

“The decision reflects a policy-driven evolution in the UAE’s approach, enhancing flexibility to respond to market dynamics while continuing to contribute to stability in a measured and responsible manner.”

“Following its exit, the UAE will continue to act responsibly, bringing additional production to market in a gradual and measured manner, aligned with demand and market conditions.”

“This decision does not alter the UAE’s commitment to global market stability or its approach based on cooperation with producers and consumers. Rather, it enhances the UAE’s ability to respond to evolving market needs.”

The UAE “reaffirmed that its production policies will be guided by responsibility and market stability, taking into account global supply and demand.”

“It will continue investing across the energy value chain, including oil, gas, renewables, and low-carbon solutions, to support resilience and long-term energy system transformation.”


Google Cloud CEO to Asharq Al-Awsat: Our Data Centers Are Crisis-Resilient, Not Bound by Borders

Thomas Kurian, CEO of Google Cloud, speaks to Asharq Al-Awsat. (Asharq Al-Awsat)
Thomas Kurian, CEO of Google Cloud, speaks to Asharq Al-Awsat. (Asharq Al-Awsat)
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Google Cloud CEO to Asharq Al-Awsat: Our Data Centers Are Crisis-Resilient, Not Bound by Borders

Thomas Kurian, CEO of Google Cloud, speaks to Asharq Al-Awsat. (Asharq Al-Awsat)
Thomas Kurian, CEO of Google Cloud, speaks to Asharq Al-Awsat. (Asharq Al-Awsat)

At Google Cloud Next in Las Vegas, Thomas Kurian, chief executive of Google Cloud, responded to a question from Asharq Al-Awsat about attacks on hyperscale cloud data centers amid regional tensions by moving quickly beyond physical protection. The issue, he suggested, is no longer simply how to defend infrastructure, but how to ensure customers are not left dependent on one location when disruption occurs.

Kurian said Google Cloud has managed through global conflict scenarios for many years and has built not only physical safeguards, but also a private global network with extensive redundancy linking its data centers.

The company can shift workloads away from affected locations and replicate them globally because its cloud regions operate as a unified and consistently synchronized architecture, he explained. For customers, he argued, that means they are not tied to a single physical site.

His response moved the discussion from infrastructure protection toward a broader strategic question: whether cloud architecture itself has become part of business continuity planning.

From experimentation to operations

That framing also offered one of the clearest ways to understand Google Cloud’s broader message at Next 2026. Throughout the event, attended by more than 30,000 participants, the company sought to underscore that enterprise AI is moving from experimentation into what it calls the agentic enterprise.

Google Cloud said roughly 75 percent of its customers already use its AI-powered products. Some 330 customers processed more than one trillion tokens over the past 12 months, while more than 35 customers surpassed 10 trillion tokens. The company also said its frontier models now process more than 16 billion tokens per minute, up from 10 billion in the previous quarter.

The purpose of those figures was to signal that AI is no longer a side experiment, but an operational layer companies want to use across their businesses.

Integration and openness together

Perhaps most revealing in the private Q&A with Kurian was what he suggested about where competition is heading. He argued that Google Cloud’s distinguishing advantage lies in combining proprietary chips, frontier models, infrastructure and tools, allowing the company to optimize the entire stack, from computing power to the efficiency of AI agents.

The broader argument was that the next phase of AI will not be determined only by who has the strongest model, but by who can design the broader system around it most effectively. At the same time, Kurian paired this with another point equally important to enterprise customers: openness. He stressed that he does not expect companies to rely exclusively on Google Cloud and said the company has deliberately kept its architecture open.

He pointed to support for multiple models, Google’s own chips, close collaboration with NVIDIA, compatibility with different data platforms and partnerships with third parties in security.

That matters because enterprises want the efficiency of deep integration without being locked into a closed environment. Google Cloud is signaling it can provide a vertically integrated stack while still operating across diverse enterprise technology environments.

Sovereignty at the forefront

Sovereignty also emerged as a major theme. Asked whether European customers would receive the full product offering, Kurian said the broader product is already available in Europe in compliance with sovereignty regulations, hosted across multiple sites including Germany, France, Belgium, the Netherlands, Finland and the United Kingdom.

Though the answer focused on Europe, its significance extends beyond the continent. Enterprise customers, including Saudi Arabia, increasingly want advanced AI services without giving up control over where their data is hosted and processed. That is not a side issue, but part of the architecture of trust itself.

Connectors make the difference

Kurian also addressed another practical issue tied to one of enterprise AI’s real bottlenecks.

Asked who would build the connections between Gemini Enterprise and the many applications companies already use, he said Google Cloud is doing so itself. The company already offers more than 100 connectors covering document repositories, software-as-a-service applications and databases.

He added that Google Cloud also provides a framework for building connectors and supports standards such as Bring Your Own MCP for custom-built systems.

The significance of that point lies at the heart of why many enterprise AI projects struggle: a model may be impressive in isolation, but it only becomes useful when it connects to where work actually happens — documents, business applications, records and databases.

AI and defense

The cybersecurity portion of the discussion was no less significant.

Kurian said Google Cloud recognized some time ago that as models improve at understanding software, malicious actors would use them to analyze code, discover vulnerabilities and attack systems. In his view, the response must also be driven by AI.

He described one layer focused on analyzing and repairing a company’s own code, pointing to a new model called Code Defender that helps fix vulnerabilities.

A second layer focuses on external threats, including threat hunting and threat intelligence. He pointed to Dark Web Intelligence announced at the conference, saying it can prioritize the threats customers should defend against with about 90 percent accuracy.

He also linked this logic to Google Cloud’s acquisition of Wiz, describing a layered model in which a red agent probes systems for weaknesses, a blue team identifies the needed fixes and a green layer carries out remediation.


Saudi Industry Minister Discusses Boosting Industrial Cooperation with Oman

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and President of Oman's Public Authority for Special Economic Zones and Free Zones Qais Al-Yousef meet in Riyadh on Monday. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and President of Oman's Public Authority for Special Economic Zones and Free Zones Qais Al-Yousef meet in Riyadh on Monday. (SPA)
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Saudi Industry Minister Discusses Boosting Industrial Cooperation with Oman

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and President of Oman's Public Authority for Special Economic Zones and Free Zones Qais Al-Yousef meet in Riyadh on Monday. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and President of Oman's Public Authority for Special Economic Zones and Free Zones Qais Al-Yousef meet in Riyadh on Monday. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef met in Riyadh on Monday with President of Oman's Public Authority for Special Economic Zones and Free Zones Qais Al-Yousef for talks on boosting industrial cooperation and developing joint investments between their countries.

They tackled means to strengthen cooperation in the fields of industrial cities and special economic zones, in addition to developing strategic partnerships that enhance industrial integration between the two countries in a manner that supports regional supply chains and boosts the competitiveness of the Saudi and Omani economies.

They stressed the importance of expanding industrial and investment partnerships, exchanging expertise and experiences in developing industrial infrastructure, and enabling high-quality investments in priority industrial sectors. This aligns with the objectives of the two countries’ national visions, contributing to sustainable economic development and achieving shared interests.

The meeting comes within the framework of strengthening economic relations between Saudi Arabia and Oman and advancing cooperation in the industrial sector to achieve the goals of economic development and industrial integration between them.