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Tuesday, 21 May 2013

QNB Capital: IMF expects Qatar’s growth to exceed MENA and global averages

QNB Capital: IMF expects Qatar’s growth to exceed MENA and global averages
The IMF’s latest Article IV report on Qatar forecasts robust economic performance over the medium term (2013-16). Qatar’s real GDP growth is expected to average 5.3% for that period exceeding the regional and world levels. The IMF expects the non-hydrocarbon sector to be the main driver of growth, increasing by 9.6% on average during this four year period. There will be little...

Doha wins Safest City in Middle East Award

Doha wins Safest City in Middle East Award
Doha is the safest city in the Middle East with the least incidents of violence and has won an award instituted by the Jordan-based Arab Non Violence Society (ANVS). The selection of the winner was made in a transparent manner, based on a set of standards and criteria, the ANVS said, while announcing the prize, according to media reports here today. The factors considered for the...

Qatar growth to slow in 2012 as LNG expansion completed

Qatar growth to slow in 2012 as LNG expansion completed
The Qatari economy looks set to have registered another year of rapid growth in 2011 driven by further expansion in liquefied natural gas (LNG) production, elevated oil prices and increasing output in the non-oil sector. LNG production, upon which so much of Qatar’s fast growth was predicated over the last decade, reached its maximum capacity of 77 million tonnes per year in 2011,...

Qatar’s exports to Brazil reach more than USD 238.5 million in 2011

Qatar’s exports to Brazil reach more than USD 238.5 million in 2011
The Brazilian Minister of Development, Industry and Foreign Trade Commerce and the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) will lead a delegation of 47 Brazilian companies who will explore trade and investment opportunities with their counterparts from the GCC during the “Brazilian Trade Mission to Middle East” that will be held between February 12 and 17, 2012...

Qatar Bourse says foreign stake onus on companies

Qatar Bourse says foreign stake onus on companies
Qatar’s bourse has done all it needs to secure an upgrade to emerging market status from index compiler MSCI and the onus is now on individual companies to address the main foreign ownership limit issue, its top executive said. Andre Went also told Reuters in an interview that the exchange, home to the best-performing regional benchmark last year, aims to launch trade in bonds,...

Qatari economy expected to show sustained growth with limited impact due to crisis

Qatari economy expected to show sustained growth with limited impact due to crisis
“The Qatari economy is expected to show sustained growth with a limited impact from the Eurozone financial crisis. The country remains a very attractive place for investment owing to its solid economic fundamentals and IBQ is well-positioned to support international companies doing business in Qatar”, said Managing Director of IBQ, George Nasra, addressing the audience of the annual...

Looking East to keep high growth economy

Looking East to keep high growth economy
As the emerging economies of Asia perform enviably and open up new vistas for participation of the rest of world, Qatar is one of the few countries to get in there right in time to explore opportunities in these dynamic, high-growth economies. The Emir, H H Sheikh Hamad bin Khalifa Al Thani’s just-concluded Asia trip coincided with Qatar’s commitment to investing in multi-billion...

Qatar GDP growth set to slow to 6% in 2012

Qatar GDP growth set to slow to 6% in 2012
Qatar’s GDP growth is projected to reach 19 percent in 2011, with the outlook for this year still “favourable” despite a slowdown, the International Monetary Fund (IMF) has said. Growth in the world’s biggest LNG producing country is set to slow to six percent in 2012 and more work still needs to be done to reduce Qatar’s “vulnerability” to...

Seminar on Euro Crisis, Risk Audit and Scheme Audit

Seminar on Euro Crisis, Risk Audit and Scheme Audit
The Institute of Chartered Accountants of India (ICAI), Doha Chapter conducted a seminar on “Euro Crisis, Risk Audit and Scheme Audit” on January 23, 2012 at the Doha Marriot Hotel. The Institute Of Internal Auditors (IIA), Qatar Chapter, also took part in this seminar. The event was sponsored by Nexus Financial Services WLL. Four prominent experts delivered the seminar. Mr....

Qatar’s economy faces headwinds in 2012

Qatar’s economy faces headwinds in 2012
There are increasing signs that the euphoria over the Qatari economy might transform into a gentle return to reality in 2012. Since 2006, Qatar has been the fastest growing economy in the Middle East, and it and the UAE were the only MENA countries which were not hit by civil unrest, strikes or turmoil during the Arab spring. However, if the proverb “As January goes so goes the...

Arab Spring shines light on employment challenge and reform inertia

Arab Spring shines light on employment challenge and reform inertia
While business confidence continues to improve across the Kingdom of Saudi Arabia, Qatar, and the United Arab Emirates, pressures outside the region are having an increasing effect on the c-suite’s view of business reform priorities according to the 5th Oliver Wyman / Zogby Research Services survey of 160 top managers.  The GCC C-Suite sees the Arab Spring as increasing both the...

Qatar Green Building Council establishes Green Infrastructure Interest Group

Qatar Green Building Council establishes Green Infrastructure Interest Group
Aiming to foster the development of green infrastructure as a national resource capable of delivering a wide range of environmental, economic and social benefits, the Qatar Green Building Council (QGBC) has inaugurated the Green Infrastructure Interest group (GIIG). The seminar, marking the addition of yet another interest group under the QGBC umbrella was held under the theme...

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