Having shown considerable resilience in the face of the global economic crisis, Qatar’s banks now stand to benefit from the nation’s anticipated economic growth. A pipeline of large-scale projects and the government’s development strategy, which is set to use the country’s hydrocarbons revenues to bring about economic diversification, both promise to supply lenders with plentiful opportunities...
Qatar Financial Services
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With one of the world’s most commanding positions in the global energy industry and a growing role in regional diplomacy, Qatar has seen many returns on the political and economic investments it has made in the past two decades.
A string of global natural disasters in 2011 did have an impact on some of Qatar’s local insurers that have overseas exposure, with the sector overall seeing a general slowdown. Cumulative net profits for the five Qatar Exchange-listed insurers rose 5.17% in 2011, a decline in profit growth from 2010. Yet while penetration rates for insurance products are low, at 0.89%, more than 85% of Qataris...
Chapter | Islamic Financial Services from The Report: Qatar 2012
With strong banking and financial services segments, combined with an expanding insurance sector and global demand for Islamic bonds, sharia-compliant finance in Qatar is expected to see continued growth in 2013. Indeed, the sharia-compliant segment has recently shown some of the best growth figures in a country where expansion is generally high. In particular, takaful (Islamic insurance) and re-...
Chapter | Capital Markets from The Report: Qatar 2012
With Qatar’s exchange the best performing in the GCC region for the last two years, the capital markets look set for further development. In comparison to the GCC exchange averages, the Qatar Exchange (QE) scored higher both in terms of price to earnings and price to book value in 2011. In addition, in April 2011, the QE became the first in the region to offer a full delivery-versus-payment (DvP...
Banking in Qatar has long been a robust business. The sector weathered the international credit crunch well and has since achieved double-digit asset growth, and leading players are establishing strong overseas positions as they grow out of a highly competitive local market. According to the Qatar Central Bank (QCB), in April 2012 the sector’s total assets stood at QR727.2bn ($199.7bn), up from...