Tourism sector contributes QR55 bn to Qatar's GDP in 2024
The tourism sector contributed QR55 billion to the national GDP in 2024, representing 8% of total economic output — a 14% increase over 2023. In 2024, international visitor arrivals reached 5 million, a 25% year-on-year increase, with in-destination spend totaling nearly QR 40 billion. The hospitality sector also achieved a key milestone, recording 10 million room nights sold during the year.page 2
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ILoveQatar.net
18 hours ago
- ILoveQatar.net
"Mega Deals" grand prize draw is soon approaching - taking place on 17 June 2025
With the calendar turning towards the final days, Mega Deals has announced that its widely anticipated prize draw is rapidly approaching its conclusion. The campaign, which has gathered significant customer interest, is offering a limited window for participation to seize the remaining opportunity to enter the draw. The culmination of the Mega Deals promotion will be its biggest draw yet on 17 June 2025, featuring an incredible QR 2,500,000 in total cash prizes. One lucky winner stands to win the grand prize of QR 1,000,000. Additionally, other substantial prizes include QR 500,000, QR 100,000, with 100 winners receiving QR 5,000 each and an additional 400 winners taking home QR 1,000 each, 1 Kg of gold, and a Mustang GTP 2024. The draw will also reward many more participants. This announcement signals an imminent end to the current chance to win these substantial prizes offered through this campaign. Interested individuals are advised to take immediate action to ensure their participation for a chance to win. Make sure you're in the running to become one of the lucky Mega Deals winners! Details regarding the entry process and eligible purchases can be found at For those who do not have bank cards, My Q Trading is Mega Deals Retail outlet where potential customers can come and make cash purchases. Additionally, there is a 24-hour credit add-credit-to-account option for purchase at the customer's convenience at City Hyper Don't let this opportunity slip away! Shop now at or conveniently through the Mega Deals App, available on both the Google Play Store and the App Store or for Cash customers at My Q Trading Store or Add Credit at City Hyper to make purchases at their convenience. The deadline to participate is 16 June 2025, with the grand prize draw taking place on 17 June 2025. This is your final call to be part of the Mega Deals success story and potentially walk away with amazing rewards. Source & cover image credit: Press Release
ILoveQatar.net
a day ago
- ILoveQatar.net
Snoonu announces first five winners of 'Millions Await' giveaway at Vendome Mall event
In a festive evening that blended celebration, suspense, and community spirit, Snoonu, Qatar's leading tech and delivery platform, revealed the names of the first five winners in its landmark giveaway campaign, 'Millions Await.' Each winner received QR 100,000, in what has become one of the country's largest and most talked-about community-focused initiatives. Held at Vendome Mall, the event transformed the bustling shopping destination into a stage of joy and anticipation. Dozens of influencers, media, and members of the public gathered for the highly anticipated draw, which was accompanied by live entertainment, interactive experiences, and surprise giveaways that echoed the dynamism of the Snoonu brand. 'Millions Await is more than just a giveaway — it's our way of giving back to the community that believed in us from day one. At Snoonu, we see happiness as a core value, and this campaign is about sharing that joy in a way that's meaningful and lasting.' 'We designed this initiative to be bold, exciting, and full of heart. It reflects our belief that technology isn't just about innovation — it's also about the people we touch and the positive change we can create.' — Hamad Mubarak Al Hajri, Founder & CEO of Snoonu With QR 5 million in total prizes, 'Millions Await' is more than just a promotional campaign. It reflects Snoonu's broader mission: to give back, inspire joy, and reaffirm the company's commitment to social impact. The campaign, which will continue through October 10, 2025, includes monthly draws and aims to keep the excitement alive with its blend of suspense, storytelling, and purpose. For many, the true highlight wasn't just the prize money—it was the vibrant atmosphere filled with joy, inclusivity, and meaningful human connection. As the night came to a close, the message echoed clearly: this was just the beginning. With the 'Millions Await' giveaway continuing until October 10th, the door remains wide open for anyone to become the next lucky winner.
Qatar Tribune
2 days ago
- Qatar Tribune
One of Qatar's leading investors acquire portion of QIA's stake in Doha Bank: GCEO
Tribune News Network Doha Doha Bank has announced that one of Qatar's leading investors had acquired a portion of the Qatar Investment Authority's (QIA) stake in the bank, a step that reflects growing confidence in Doha Bank's performance and outlook. Doha Bank Group CEO Sheikh Abdulrahman bin Fahad bin Faisal Al Thani affirmed that this development reflects the private sector's confidence in the transformative strategy adopted by the bank's new management over the past twelve months, leading to tangible improvements in both financial and operational performance. The new strategy marked a pivotal turning point in the bank's trajectory by enhancing operational efficiency, strengthening growth indicators, and further bolstering the governance framework, thereby contributing to the establishment of Doha Bank as an attractive financial institution for investment both locally and internationally. The GCEO further noted that since the implementation of the new strategy, the bank's assets have grown by approximately 20 percent, rising from QR96.3 billion to QR115.3 billion. This includes an increase in loans from QR56.6 billion to QR 61.8 billion, driven by robust growth in both the corporate and government lending portfolio, as well as the housing loan portfolio. Additionally, the investment portfolio expanded from QR 27.3 billion to QR 36.6 billion, driven by an increase in the bond portfolio, which primarily comprises highly rated securities. On the liabilities side, Doha Bank recorded a notable increase in customer deposits, rising from QR45.3 billion to QR50.1 billion. In 2025, the bank also issued international bonds worth $500 million, one of the most successful issuances by financial institutions in the region. The bank attracted investors from Europe and Asia, achieving one of the highest distribution rates to investors outside the Middle East, with 55 percent of total bond demand coming from international markets. Furthermore, the bank recently secured a syndicated loan of EUR 500 million at the lowest borrowing cost in its history, marking its first syndicated loan in euros. These achievements reflect the bank's funding and liquidity strategy, which is anchored in the principles of diversification and sustainability. These achievements have positively impacted the bank's share price, which surged from QR1.37 to the current level of QR2.44. These results have also attracted a broad segment of foreign investors and global asset managers to invest in the bank's shares. In conclusion, the management of Doha Bank extended its sincere appreciation to the Qatar Investment Authority and the Qatar Central Bank for their continued support. The bank reaffirmed its openness to all investment opportunities and its ongoing commitment to further developments and innovations that strengthen its position and support sustainable growth. The management views this investment as a vote of confidence in the bank's strategy from the private investment sector. In recognising this confidence as an additional responsibility, the bank remains committed to consistently meeting the expectations of its shareholders and investors.
