DOHA: Qatar announced Monday it will grant residency to foreign investors for the first time, state media reported, the latest in a series of measures designed to diversify the economy. Foreigners investing an unspecified level of "non-Qatari capital" in the economy will be eligible for renewable five-year residency permits, the state-run Qatar News Agency reported. Real estate developers active in Qatar's property market will also be eligible for the scheme, under the new law. Previously, investors were required to be sponsored by a Qatari business or individual to obtain residency. - AFP