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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Turkey eyes $5bn bilateral trade with Qatar

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      Iraq set to award new Faw Port deals

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      Deal signed to set-up first factory in Qatar to assemble electric vehicles

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      Iraq set to award new Faw Port deals

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      Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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      Miral’s premier Abu Dhabi waterfront project work on track

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        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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        France to help Iraq generate electricity, will invest in education, science: Macron

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        Acwa Power inks finance deals for 900MW Dubai solar park

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          UAE sends medical aid to Iraq to fight COVID-19

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          UAE launches phase III trial of inactivated Covid vaccine

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Qatar’s hospitality sector peaks despite turbulent 2020

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          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

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          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Qatar’s labor force to increase as the country enters a phase of economic expansion

              Doha News

              September 8, 2014
              in Economy, Infrastructure
              0

              After several years of modest growth, the size of Qatar’s labor force has begun to rapidly increase as the country enters a fresh phase of economic expansion, according to a new report released this week.

              Qatar National Bank predicts that the number of residents here will grow on average by 7.4 percent annually in the coming years, reaching 2.5 million by 2016.

              So far, the all-time high has been 2.17 million people living in Qatar in May, just ahead of the traditional summertime exodus.

              QNB’s report builds on the population growth forecast given by government officials nearly a year ago, but offers more insight into how economic trends within the country will shape the makeup of its residents.

              During the expansion and development of the country’s oil and gas sector, Qatar’s population increased by 15.5 percent a year between 2004 to 2009. However, growth then moderated as major projects were completed, and economic activity was restrained by the global recession.

              New stage
              Qatar is now entering a new stage of economic growth as the country prepares for the 2022 World Cup. Construction firms are not only building new football stadiums, but also rail lines, roads, highways and real estate projects, such as Lusail, the Pearl-Qatar and Msheireb.

              The work is expected to cause economic growth to accelerate to 7.8 percent by 2016, up from a projected 6.8 percent this year, according to QNB forecasts.
              To support the many development projects, more women and white-collar workers will be brought on board.

              But the largest share of jobs continue to be semi- and unskilled laborer positions, which are typically held by men who come to the country unaccompanied by family members. Currently, men in Qatar outnumber women by nearly three to one.

              Qatar has at times struggled to accommodate these workers, who represent a sizeable part of the population, but have been generally unwelcome in parts of Doha.

              For example, construction workers are banned from living in established residential areas.
              Meanwhile, so-called “family only days” prevent single men from going to some malls on Fridays – typically their only day off work – although reports of such restrictions have become less common in recent years.

              Authorities have attempted to address the issue by building developments that provide entertainment options for those living in and around the Industrial Area. This includes West End Park, which features a movie theater complex, cricket stadium and an amphitheater.
              Self-contained communities for laborers, such as Barwa Al Baraha – also known as “Worker’s City – are also being erected.

              But previous reports have argued that the country would face challenges housing its growing laborer population in the coming years, as developers are unable to construct an adequate number of purpose-built residential accommodations.

              Real estate blues
              Laborers and their employers are not the only ones who will be feeling a real estate pinch in the coming years.

              During the first half of 2014, the population and economic growth pushed up land prices. According to QNB, rents typically move in the same direction as land prices, with a roughly six-month lag, suggesting that most expats will face higher housing costs in the final few months of this year and beyond.

              The report states that annual rent increases will be in the 7 percent range towards the end of the year and reach 8.5 percent by 2016.

              Residential rent is the highest monthly expenditure faced by Qatar’s majority expat population, which has been complaining about the rising cost of living for months.

              But whether Qatar’s government steps in to manage rising rents has yet to be seen.
              Late late month, a member of the Central Municipal Council called for a cap on residential rent hikes.

              Qatar previously placed a two-year moratorium on rental rate hikes for most residential leases in 2008. Drawing on past precedent, the CMC’s Mishal Al Dahnim said he’d like rents to increase by no more than 10 percent every two years.

              Meanwhile, a government crackdown on illegally partitioned villas announced earlier this year was expected to exacerbate the housing shortage, particularly for low and middle-income residents, and increase the demand for rental accommodations even further.

              However, the Qatar Tribune reported that authorities appear to not be rigorously enforcing the new rules, with one local property manager suggesting that a lack of alternative rental apartments may be playing a factor.
              Doha News
              8 September

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