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DOHA: The share of wholesale and retail trade sector in Qatari GDP has grown by 5.1 percent, according to Qatar Statistics Authority’s (QSA) latest data.
The 2012 survey results show the total production of the sector reached QR32.1bn, with an increase of 10.7 percent. The gross value added (GVA) generated reached QR27.8bn. The net value added amounted to QR26bn.The GVA per employee was QR224m, an increase of 21 percent.
The QSA regularly conducts a comprehensive annual economic survey to collect a detailed data on the different types of economic activities practiced in the country. The surveys are prepared following international recommendations. The surveys provide basic data for the penetration of the GDP and the national income as well as other key economic indicators.
The survey covered a total of 8,784 establishments, of which 14 percent were large ones with more than 10 or more employees. The total number of employees in the wholesale and retail activities reached 123,977 persons of whom 79 percent were employed by large establishments. Their annual wages amounted to QR892m. The majority of workers in the wholesale and retail sector were non-Qataris, 98.4 percent.
NEW YORK: Dell unveiled plans yesterday to take the former number one computer maker private in a buyout led by company founder Michael Dell worth $24.4bn.
“I believe this transaction will open an exciting new chapter for Dell, our customers and team members,” Michael Dell said in unveiling the deal with investment firm Silver Lake, and backed by a $2bn loan from Microsoft.
The company said it had signed “a definitive merger agreement” that gives shareholders $13.65 per share in cash.