Although the long-term outlook for oil prices remains uncertain, Brent crude has stabilised around $85 a barrel in recent days.
The central bank did not give a reason for the drop in spending, but work on some large infrastructure projects has been slowed.
Britain’s prime minister asked Sheikh Tamim bin Hamad Al Thani to consider further funding to help Britain’s push to develop cities in the north of the country.
The lender reported a 79 per cent rise in third-quarter profit, beating analysts’ expectations.
Tasweeq will cut exports to 350,000 barrels per day (bpd) from the current levels of 500,000 bpd.
Sheikh Tamim’s first official visit to Britain since becoming emir in 2013 will include talks with Prime Minister David Cameron and a meeting with Queen Elizabeth.
The developer made a net profit of QAR673.4 million ($184.93 million) in the nine months to Sept. 30
Emirates NBD and Abu Dhabi Commercial Bank posted strong third quarter results.
This will be the second initial public offering (IPO) in Qatar after a long period.
The lender made QAR1.1 billion in the year-to-September 30, compared to QAR1 billion in the year earlier period, a bourse statement said.
Dubai’s benchmark edged down 0.4 per cent as shares in builder Arabtec Holding fell 2.6 per cent and Emaar Properties lost 0.6 per cent.
Net profit for the nine months to Sept. 30 was QAR1.43 billion, compared with QAR1.25 billion in the same period a year ago.
The Islamic lender made a net profit of QAR1.1 billion ($300 million) during the period, a company statement said, up from QAR975.1 million in the same period a year ago.
Net profit for the third quarter was QAR1.4 billion ($384.5 million) compared to QAR1.2 billion in the same period a year ago, a bourse filing said.
The company made a net profit of QAR1.86 billion ($511 million) in the third quarter, up from QAR1.77 billion in the year-earlier period.
Qatar Airways plumps for Gulfstream to meet next-phase long haul needs
Saudi Arabia, Bahrain and the UAE recalled their ambassadors to Qatar in March, accusing Doha of failing to abide by an accord not to interfere in each other’s internal affairs.
Qatar has provided around $7.5 billion in loans and grants during ex-president Mohammed Mursi’s year in power.
After gaining European safety approval for the A350 last month, Airbus is now working to get the cabin furnishing ready for Qatar Airways.
Former Raytheon CEO Bill Swanson had said in January that he expected Qatar to finalise an order worth over $2 billion in the first half of 2014.
Vodafone Qatar will buy 100 per cent of Qatar National Broadband Network, comprising 21 million shares.
In exchange for the plot of land, Barwa received QAR1.04 billion in cash, while the government also settled QAR1.5 billion of the developer’s bank loans.
Real GDP growth stood at 5.4 per cent in January-March, the slowest rate since the third quarter of 2012.
The loan will pay an interest rate of 120 basis points over the London interbank offered rate (Libor), a filing to the Qatar stock exchange said.
HSBC Bank Oman, an affiliate of HSBC Holding, said in April it had approved the sale of its Indian business to Doha Bank.
Islamic State fighters have exploited the chaos of Syria’s three-year-old civil war, which pits Assad and his allies against mainly Sunni Muslim rebels and Islamist militants.
Michael Garcia submitted his 350-page report to German judge Hans-Joachim Eckert earlier this month.
Wednesday is the last day when retail investors, who dominate Dubai’s market, can subscribe for shares in Emaar’s malls unit.
The lender had said in January 2013 that it was looking to buy a strategic stake in a Libyan commercial bank.
FIFA executive committee member Theo Zwanziger had said the event would be shifted away from Qatar because of extreme heat in the country.