Qatar surpassed Luxembourg as the world’s richest nation in 2010 and is set to pull away with wealth that’s almost twice that of the US.
The IMF’s Chart of the Day shows Qatar’s gross domestic product per capita at $88,221 in 2010, beating Luxembourg for the top spot.
The figure may reach $111,963 by 2016, surpassing Luxembourg’s $94,621 and Singapore’s $70,992, the IMF said.
“It’s the combination of wealth, growth and a small population,” said Paul Cooper, Dubai-based managing director at Sarasin-Alpen & Partners.
Qatar forecasts economic growth of about 16 percent in 2011 and projects a budget surplus of $6.1 billion this fiscal year.
The IMF estimates the Gulf nation will have the world’s fastest-growing economy for a second year (Qatar has a population of about 848,000).
The country, the world’s largest exporter of liquefied natural gas, has reached its target of 77 million tons of annual production.
Qatar, one of the largest global investors through its sovereign wealth fund, plans to spend over $125bn in the next five years on construction and energy projects.
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Don’t smile, don’t say ‘Say Cheese’ and definitely don’t strike a pose! All these are a taboo when you are using the Sling Shot Camera, a real fun concept that aims to capture the real you…. when you are digging your nose, sticking your tongue out! What ever happened to lighter side of life; thankfully this camera will bring back the spunk to natural photography!
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Handmade in Japan by Canadian designer Sofia, these delicious digit embellishments feature miniature meals of every cuisine.
Ice cream sundaes, strawberry daiquiris, pancakes, coffee and potato chips can all be found on these intricately fabricated foodie fashion statements. SouZouCreations Food Rings cost a bargain at just $10 dollars.
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The L.U.C. Chopard Triple Certification Tourbillion watch is the picture of luxury. The watch gets its name from the three prestigious certificates its excellence in design has earned it: COSC, the Poincon de Geneve and Fleurier Quality Foundation.
Crafted using 18 carat rose-gold chassis, the hand-bound caliber 02-13-L watch continues the companies tradition of creating masterful wrist-candy. The small cutout near the the 6-o-clock slot show off inner workings of the watch illustrating the meticulous craftsmanship of Chopard. The watch boasts a reported 33 jewels, a frequency of 28,000 v/ph and a unique 4-barrel Quattro mechanism. The watch also has an astounding nine-day power reserve.
The immaculate face is protected by a sapphire crystal cover, which is anti-reflective and capable of protecting the watch from moisture at a depth of 50 meters. All this gorgeous detail is secured on the wearer’s wrist by a brown strap made of brown alligator leather finished with a rose-gold buckle.
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Maybach have always created a highly customized 57S to show all of their personalization options. The Edition 125 is one off car created to celebrate the one hundred and twenty fifth anniversary of the automobile this year. The Edition 125 is based on the 57s and was then painted in the newly created Tahiti Black and Patagonia Silver colors.
There is a laser engraved and backlit Maybach crest in the center armrest, a glove compartment lid stitched with Wilhelm Maybach’s signature, silver colored accent stitching on the upholstery, silver carbon fiber and piano black trim, matte black twenty inch wheels and a slightly redesigned radiator grill.
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Hublot have created a limited edition watch for the Yacht Club de Monaco to celebrate the tenth anniversary of the Monaco Classic Week. The Hublot Classic Fusion Chronograph Yacht Club de Monaco has a titanium case with a navy blue dial featuring the Yacht Club de Monaco’s colors, the strap is navy blue alligator stitched on black rubber. The watch uses the Hublot HUB 1143 automatic chronograph movement which has a power reserve of up to forty two hours. Only two hundred and fifty will be made and will be available exclusively from Hublot stores in the Principality of Monaco.
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Van Cleef & Arpels Midnight In Paris fragrance for men was created by perfumers Domitille Bertier and Olivier Polge who gave it a floral scent evoking the scene of a starry night in Paris. The fragrance has notes of lily of the valley, luminous lemon as well as tonka beans and incense. The fragrance comes in a blue bottle depicting the stars seen above Paris at night.
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