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    Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

    Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

    FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

    FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

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    Oman: Over 250 Model Farms Drive Fruit Production Growth in Dhahirah

    Africa: From Food Importer to Global Powerhouse

    Africa: From Food Importer to Global Powerhouse

    Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

    Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

    Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

    Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

    Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

    Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

    Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

    Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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      Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

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      Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

      Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

      Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

      Consumer Electronics Boom Continues Across GCC, Middle East

      Consumer Electronics Boom Continues Across GCC, Middle East

      Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

      Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

      Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

      Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

      Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

      Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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      Oman Advances Vision 2040 with 95% of Strategic Programs Underway

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        Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

        Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

        Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

        Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

        Oman Awards Over $600 Million in Contracts for Tourism Expansion

        Oman Awards Over $600 Million in Contracts for Tourism Expansion

        Baghdad Metro Project Moves Forward Under New Implementation Strategy

        Baghdad Metro Project Moves Forward Under New Implementation Strategy

        Financing a Greener Environment: How Sustainable Finance is Reshaping the Future

        Financing a Greener Environment: How Sustainable Finance is Reshaping the Future

        Deal Signed to Build Bahla Cultural Center Facility in Oman

        Deal Signed to Build Bahla Cultural Center Facility in Oman

        Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

        Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

        Iraq Approves 5,000-Unit Housing Project in Basra

        Iraq Approves 5,000-Unit Housing Project in Basra

        AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

        AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

          Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

          Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

          Oman Seeks Bids for Two Major Substation Projects

          Oman Seeks Bids for Two Major Substation Projects

          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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          Qatar 2025: From Energy Powerhouse to Innovation Leader

          Iraq Aims for 12 GW of Renewable Energy by 2030

          Iraq Aims for 12 GW of Renewable Energy by 2030

          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

          Iraq and Power China International Sign Deal to Strengthen National Power Grid

          Iraq and Power China International Sign Deal to Strengthen National Power Grid

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          Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

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            Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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            Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

            Qatar’s Health Spending Set to Climb 14% by 2029

            Qatar’s Health Spending Set to Climb 14% by 2029

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            Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

            Qatar and the UK Explore Deeper Cooperation in Healthcare

            Qatar and the UK Explore Deeper Cooperation in Healthcare

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            The View Hospital Becomes Qatar’s First Private Facility with a Dedicated Dialysis Unit

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            Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

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            Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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            Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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              Oman Awards Over $600 Million in Contracts for Tourism Expansion

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              Qatar Expands Role as a Leading Global Tourism Destination

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              Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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              Oman Secures $6.7 Billion in Tourism Investments Toward $7.8 Billion Goal by 2025

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              Oman Unveils 3-Kilometer Tourist Walkway in Nakhal: A Transformative Step for Local Tourism

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              Middle East’s Schengen Style GCC Tourist Visa Approved, to be Rolled Out ‘Soon’

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              Oman’s Hotel Sector Sees Strong Growth in Revenues and International Guests

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              Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

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              Qatar’s Evolving Culinary Landscape Gains Global Attention as a Tourism Driver

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                Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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                Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                Qatar Strengthens Circular Economy with Expansion of Recycling Facilities

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                Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                Packaging Becomes Lifeline for Struggling Print Industry

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                MENA’s Coated Printing and Writing Paper Market Forecast to Grow 1.6% Annually Through 2035

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                Oman Recycles 2.4 Million Tonnes of Construction Waste in 2024

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                Printed Packaging Labels & Release Liners Set for Strong Global Growth

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                  Dubai Launches Region’s First PropTech Hub to Back 200 Startups by 2030

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                  Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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                  Consumer Electronics Boom Continues Across GCC, Middle East

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                  Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

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                  The Top 10 Emerging Technologies for 2025

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                  Saudi Arabia’s ICT Spending Tops $10 Billion: Key Trends and What’s Ahead

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                  GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                  Empowering Oman’s Future: Turning AI Vision into Practical Impact

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                  Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

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                    Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

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                    Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

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                    Baghdad Metro Project Moves Forward Under New Implementation Strategy

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                    Iraq Launches New US$930 Million Railway Project to Strengthen Connectivity and Drive Economic Growth

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                    Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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                    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                    Riyadh Unveils Final Master Plan for Expo 2030

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                    Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

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                      Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

                      Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

                      FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

                      FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

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                      Oman: Over 250 Model Farms Drive Fruit Production Growth in Dhahirah

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                      Africa: From Food Importer to Global Powerhouse

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                      Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

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                      Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

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                      Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

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                      Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                      GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                        Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

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                        Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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                        Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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                        Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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                        Consumer Electronics Boom Continues Across GCC, Middle East

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                        Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

                        Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

                        Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

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                        Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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                        Oman Advances Vision 2040 with 95% of Strategic Programs Underway

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                          Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

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                          Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

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                          Oman Awards Over $600 Million in Contracts for Tourism Expansion

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                          Baghdad Metro Project Moves Forward Under New Implementation Strategy

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                          Financing a Greener Environment: How Sustainable Finance is Reshaping the Future

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                          Deal Signed to Build Bahla Cultural Center Facility in Oman

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                          Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

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                          Iraq Approves 5,000-Unit Housing Project in Basra

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                          AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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                            Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

                            Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

                            Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

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                            Oman Seeks Bids for Two Major Substation Projects

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                            Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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                            Qatar 2025: From Energy Powerhouse to Innovation Leader

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                            Iraq Aims for 12 GW of Renewable Energy by 2030

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                            Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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                            Iraq and Power China International Sign Deal to Strengthen National Power Grid

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                            Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

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                              Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                              Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

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                              Qatar’s Health Spending Set to Climb 14% by 2029

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                              Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

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                              Qatar and the UK Explore Deeper Cooperation in Healthcare

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                              The View Hospital Becomes Qatar’s First Private Facility with a Dedicated Dialysis Unit

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                              Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

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                              Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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                              Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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                                Oman Awards Over $600 Million in Contracts for Tourism Expansion

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                                Qatar Expands Role as a Leading Global Tourism Destination

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                                Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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                                Oman Secures $6.7 Billion in Tourism Investments Toward $7.8 Billion Goal by 2025

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                                Oman Unveils 3-Kilometer Tourist Walkway in Nakhal: A Transformative Step for Local Tourism

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                                Middle East’s Schengen Style GCC Tourist Visa Approved, to be Rolled Out ‘Soon’

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                                Oman’s Hotel Sector Sees Strong Growth in Revenues and International Guests

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                                Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

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                                Qatar’s Evolving Culinary Landscape Gains Global Attention as a Tourism Driver

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                                  Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                                  Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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                                  Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                                  Qatar Strengthens Circular Economy with Expansion of Recycling Facilities

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                                  Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                                  Packaging Becomes Lifeline for Struggling Print Industry

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                                  MENA’s Coated Printing and Writing Paper Market Forecast to Grow 1.6% Annually Through 2035

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                                  Oman Recycles 2.4 Million Tonnes of Construction Waste in 2024

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                                  Printed Packaging Labels & Release Liners Set for Strong Global Growth

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                                    Dubai Launches Region’s First PropTech Hub to Back 200 Startups by 2030

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                                    Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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                                    Consumer Electronics Boom Continues Across GCC, Middle East

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                                    Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

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                                    The Top 10 Emerging Technologies for 2025

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                                    Saudi Arabia’s ICT Spending Tops $10 Billion: Key Trends and What’s Ahead

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                                    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                                    Empowering Oman’s Future: Turning AI Vision into Practical Impact

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                                    Qatar’s Thriving Tech Sector Boosts GDP and Attracts Global Talent

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                                      Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

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                                      Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

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                                      Baghdad Metro Project Moves Forward Under New Implementation Strategy

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                                      Iraq Launches New US$930 Million Railway Project to Strengthen Connectivity and Drive Economic Growth

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                                      Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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                                      GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                                      Saudi Arabia Unveils $7 Billion Cross-Kingdom Rail Corridor

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                                      Riyadh Unveils Final Master Plan for Expo 2030

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                                      Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

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                                      Home Business & Economy Economy

                                      Qatar’s economic outlook remains positive

                                      December 3, 2019
                                      in Economy, Finance
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                                      Qatar’s economic outlook remains positive
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                                      HE Sheikh Abdulla bin Saoud Al Thani, Governor of Qatar Central Bank (QCB) has stated that Qatar’s economic outlook is positive and the growth is expected to recover significantly in the second half of 2019.

                                      “While many high-frequency indicators such as industrial production index (IPI), particularly manufacturing, PMI and others have shown a marked improvement in the recent period, hydrocarbon production is also slated to increase around the end of 2019 from new project coming on stream. ”, the QCB Governor said. Citing IMF report Sheikh Abdulla added that Qatar’s GDP is expected to grow by 2.0 percent in 2019.

                                      In an interview with the Euromoney, ahead of the latest edition of Euromoney Qatar Conference, the QCB Governor noted that the contraction in Qatar’s Q2-2019 GDP growth was due to a combination of global and domestic factors. Despite supply cut by the Opec plus group, the global economic slowdown continued to weigh on energy prices and imports of many advanced and emerging market economies. In terms of domestic factors, the expected ongoing cyclical downturn in the construction sector contributed negatively to non-hydrocarbon sector growth.

                                      Sheikh Abdulla noted that the economic outlook for 2020 remains positive as the number of policy measures undertaken in recent years is expected to boost overall economic growth and business sentiments. Favorable macroeconomic fundamentals and financial stability will also provide growth enabling the macroeconomic environment. The external account surplus and fiscal buffer provide the necessary macroeconomic strength in Qatar. In fact, as per the latest IMF – WEO report, Qatar’s GDP growth is projected to improve to 2.8 percent in 2020, which would be one of the fastest in the GCC region.

                                      Furthermore, he added, the economic growth is expected to be broad-based, driven by the recovery in both hydrocarbon and non-hydrocarbon sector. The hydrocarbon sector is likely to grow in tandem with the planned expansion of energy production in the next few years, which itself would have a catalytic impact on the non-hydrocarbon sector. At the same time, a number of policy measures undertaken to help economic diversification will boost economic growth in the non-hydrocarbon sector.

                                      These policy measures include steps undertaken to promote wholesale trade, small and medium scale enterprises, and agriculture and allied activities; the new FDI law; and setting up of investment promotion agency to attract foreign investment in Qatar.

                                      Major infrastructure developments such as the SEZs and Hamad Port will provide further momentum to international trade and investment. The network of express highways and logistics centers that are located strategically in various locations of the country will help in the economic diversification process.

                                      The QCB Governor pointed out that Qatar has been one of the 20 countries in the world in terms of improvement in terms of ‘ease of doing businesses’ in the latest World Bank report.

                                      Responding to the question “Will there be more bank consolidation in Qatar?” the QCB Governor said: “Consolidation of banks take place either as a directive from the authorities (Central bank, Government, etc.,) to maintain financial stability or as a business strategy of the participating banks to reap the benefit from improved efficiency through diversification of balance sheet. The merger of two banks in Qatar was of the second type, where the banks came out with the consolidation proposal and Qatar Central Bank provided the necessary approval after conducting legal and financial due diligence.”.

                                      As a regulator of the banking sector, QCB is focused on the viability of the proposal as well as its impact on the overall stability of the banking sector. Thus, the possibility of further consolidation of banks depends solely on the individual bank’s business strategy and for the central bank it is not desirable to stifle the creativity and drive for the efficiency of the banking sector, he added.

                                      The Peninsula
                                      03/12/2019

                                      Tags: economyinvestmentQatar
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