Overview

Introduction of new products in Qatar's capital markets drives growth
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The Qatar Stock Exchange (QSE) has faced considerable external challenges in recent years, including a sustained dip in oil prices and the effects of a regional economic blockade. However, after an initial decline in late 2017, the main index’s performance during 2018 has established it as one of the fastest growing in MENA. The QSE has also succeeded in attracting an increasing number of…

Overview

Islamic financial services expand in Qatar with government support
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Qatar is home to some of the region’s most prominent sharia-compliant institutions. Despite operating in a crowded and competitive arena, over recent decades the country has claimed a significant share of the banking, insurance and investment segments. More recently Qatar faced the challenges of a sustained dip in oil prices and a regional economic blockade. However, due to a prudent regulatory structure…

Overview

Reinsurance programmes are bolstering coverage against natural disasters in emerging markets
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While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-transforming innovation, which could provide a major boost…

Overview

Insurance market driven by new regulations in Qatar
OBG
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Despite a relatively small population of around 2.7m, Qatar accounts for around 5% of insurance premiums in MENA – a little more than Egypt and one percentage point behind Morocco. Nevertheless, relative to the size of its economy, insurance activity in Qatar remains at a modest level. Annual premiums of around $3bn account for 1.5% of GDP, compared to a global average of more than 6%. The…

Overview

Qatar to capitalise on growing demand for LNG
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For over a decade Qatar has been the world’s leading supplier of liquefied natural gas (LNG), and by 2024 the country aims to strengthen its share in the market and boost output by 43%, from 77m to 110m tonnes per year (see analysis). While much of Qatar’s growth in the decades after independence in 1971 was fuelled by crude, natural gas gained prominence in the 1990s. In 2018 Qatar announced…

Overview

Qatar focuses on energy efficiency, reduced consumption of utilities
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In the two decades since it first exported liquefied natural gas (LNG) in 1997, Qatar’s economy and population has expanded rapidly, bringing with it a significant increase in demand for electricity and water. A report published in 2015 by the US Energy Information Administration noted that the utilities sector accounts for most of Qatar’s natural gas consumption. From 2007 to 2017 the…