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...
The Middle East
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With sustained, long-term economic growth, the highest per capita income in the world, a stable and well-capitalised banking sector, a sovereign wealth fund that is of true global significance and one of the largest reserves of natural gas just offshore, Qatar today has many advantages. It is clear that Qatar is in a strong position from which to continue its robust economic performance, and the...
Chapter | Country Profile from The Report: Qatar 2014
2013 saw the transition of power from the former Emir, Sheikh Hamad bin Khalifa Al Thani, to Sheikh Tamim bin Hamad Al Thani, his fourth son and second son with Sheikha Moza bint Nasser, a move unprecedented elsewhere in the Gulf but not unexpected in Qatar. Qatari investments straddle the globe, and the world’s top financial, construction, energy, retail and real estate businesses are vying for...
High levels of client confidence and strong economic growth are expected to drive banking sector expansion in Saudi Arabia this year and beyond, with lending activity projected to rise to match increasing demand from both consumers and businesses.
Institutes of higher learning in Oman are cooperating more closely with local businesses, as the Sultanate looks to boost employment opportunities for nationals in the private and public sectors.
The flow of foreign direct investment into Turkey picked up in the second half of 2013, and while the full-year figures were down, it appears external factors, rather than any cooling of the local economy, were the primary cause.