Overview

Increased flexibility encouraging foreign and private investment in Qatar
OBG
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As a major hydrocarbons-exporting economy, Qatar owes both its prosperity and much of its continued growth to international trade. Indeed, in any given year the combined value of imports and exports can exceed three-quarters of the country’s GDP. As a result, and despite recent efforts towards economic diversification, the economy remains exposed to swings in the price of oil, with 2016 having…

Overview

Qatar's solid policy decisions set banking sector on the right path
OBG
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Tightening liquidity conditions and a squeeze on profit growth proved to be the hallmarks for Qatar’s banking sector in 2016, as financial institutions across the Gulf were forced to respond to the effects of weak oil prices on the local economy. Despite tougher operating conditions, however, the sector remains resilient, with strong underlying fundamentals marked by high capital adequacy…

Overview

New instruments and regulations help integrate Qatar's exchange into global markets
OBG
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Following a somewhat muted year for trading in 2016, additional listings and new products have helped to boost activity on the Qatar Stock Exchange (QSE) in 2017. Recent and forthcoming measures, including covered short selling, exchange-traded funds (ETFs) and corporate bonds are expected to lift liquidity and further deepen the market, while family-owned firms entering the exchange offer…

Overview

Key players in Qatar's Islamic financial services industry looking to expand internationally
OBG
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It was more challenging operating environment for the Islamic financial services (IFS) sector in 2016, as the continuing effects of low oil prices fed into the domestic economy, leading to a sizeable decline in government deposits and a tightening of liquidity. Nonetheless, asset growth continued, and as oil prices began to pick up towards the end of the year and into 2017, liquidity conditions…

Overview

Qatar's insurance sector supported by large-scale infrastructure projects and growing population
OBG
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For several years the insurance sector has undergone major regulatory changes, as the industry positions itself in alignment with international best practices. The sector has been expanding considerably in recent years, often with double-digit growth. Furthermore, penetration rates are still relatively low, meaning there is plenty of room for new products, services and customers. However,…

Overview

Developments and upgrades to keep Qatar top of global energy market
OBG
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In 2016 Qatar retained its title as the world’s largest exporter of liquefied natural gas (LNG). For many years the state has also been a global player in the crude oil and petroleum product markets. It is a key energy provider for many of the world’s leading economies, lying at the heart of a hydrocarbons logistics chain that stretches from Japan to the UK. However, these are challenging…

Overview

Capacity increase in power and water ultities key to supporting Qatar's economic expansion
OBG
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Driven by large energy-intensive developments and a rapidly growing population, demand for electricity and water has surged in Qatar over the past decade. Peak power demand on the country’s networks has more than doubled since 2006, while water consumption has also increased in tandem with the country’s development, according to data released by the Ministry of Development Planning and…

Overview

Boosting efficiency key to maintaining industry growth in Qatar
OBG
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Central to Qatar National Vision 2030 (QNV 2030), the country’s long-term development plan, is creating a competitive and diversified economy. The industrial sector plays a key role in this, broadening the scope of private sector activity, encouraging the shift to higher value-added activities and creating jobs in an increasingly knowledge and innovation-based economy. Recent times have seen…

Overview

Major transport projects in preparation for 2022 FIFA World Cup in Qatar
OBG
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Guided by the state’s long-term economic development plan, Qatar National Vision (QNV) 2030, and driven by preparations for the 2022 FIFA World Cup, Qatar is investing heavily in infrastructure programmes focused on its non-oil and gas sectors. More than $500m a week is being spent across all capital projects in the country in preparation for the upcoming games, with plans announced in December…

Overview

Qatar's growing population and 2022 FIFA World Cup creating much construction activity
OBG
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A quick look at the Doha skyline reveals just how much activity there is in Qatar’s construction sector currently, with cranes and scaffolding-clad towers, the thump of piledrivers and convoys of cement trucks snaking through the city’s streets. Activity in the capital is just one aspect of the work being done, with highways, housing estates and hypermarkets now also being built around…